Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.020%

Price spread now: GRVT against SunX+2.382%7-day average +2.386% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SunX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.023%−$2 on $10k

Price spread, last 3 days (all we have)−0.211%−$21 · spread now +2.382%, 7d avg +2.386%

Together, before fees−0.234%+ Points / potential airdropGRVT: Active · farm board−$23 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ENA-USDT	0.2055	0.0100	pay 0.0050% / 4h	2h 07m	$1K	$848K	20x
Short	GRVT ENA_USDT_Perp	0.2104	0.0100	get 0.0050% / 4h	2h 07m	$355K	$4.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against SunX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee SunXbpFee GRVTbpOrdersPrice spread, now +2.382%Rate

Funding earned: $0
Price spread: +2.382% → +2.386%: −$0.37
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$17.37
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 35 min ago; GRVT: live order book, 2 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy SunX live order book, 35 min ago	251.90 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 2 min ago	2.38 bp	18.2 bp −$18	141.8 bp −$1,418	doesn't fit	doesn't fit

ENA on 41 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2105	+2.442%	$79K	$1.3M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2105	+2.423%	$86K	—	150x	as long as short
dYdX ENA-USD	+0.0012%	1h	0.2106	+2.488%	$139K	$15K	5x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+3.313%	$522	$57K	5.5x	as long as short
Orderly PERP_ENA_USDC	+0.0034%	4h	0.2104	+2.374%	$44K	$27K	10x	as long as short
01 Exchange ENAUSD	+0.0096%	1h	0.2105	+2.404%	$4K	$302	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2103	+2.321%	$54K	$507K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2103	+2.321%	$676K	$1.7M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2105	+2.410%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2107	+2.492%	$411K	$530K	10x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ENAUSDT	+0.0100%	4h	0.2106	+2.450%	$129.8M	$435.3M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2105	+2.418%	$86.2M	$181.1M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2106	+2.447%	$20.7M	$104.5M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2112	+2.783%	$19K	$382K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2105	+2.418%	$78K	$289K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2126	+3.442%	$93K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2104	+2.369%	$11.0M	$21.8M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2104	+2.384%	$44.5M	$44.5M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2105	+2.408%	$24.4M	$16.2M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2104	+2.360%	$47.9M	$59.3M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2105	+2.442%	—	$6.5M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2112	+2.783%	$381K	$370K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2114	+2.845%	$3.8M	$10.2M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2105	+2.430%	$246K	$7.5M	20x	as long as short
GRVT ENA_USDT_Perpshort	+0.0100%	4h	0.2104	+2.382%	$355K	$4.9M	10x
ApeX Omni ENAUSDT	+0.0100%	1h	0.2105	+2.418%	$32K	$654K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2104	+2.379%	$182K	$2.3M	10x	as long as short
SunX ENA-USDTlong	+0.0100%	4h	0.2055	long leg	$1K	$848K	20x
SoDEX ENA-USD	+0.0100%	1h	0.2106	+2.467%	$3K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2111	+2.695%	$275K	$813K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2105	+2.418%	$1.9M	$9.0M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2103	+2.308%	$47K	$110	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2105	+2.402%	$74K	$4K	3x	as long as short
Extended ENA-USD	+0.0184%	1h	0.2106	+2.453%	$1.6M	$4.1M	50x	as long as short
Phoenix ENA	+0.0188%	1h	0.2118	+3.031%	$7K	$351K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0250% / S −0.0206%	1h	0.2105	+2.400%	$50K	—	100x	as long as short
Kraken Futures PF_ENAUSD	+0.0253%	1h	0.2107	+2.511%	$2.6M	$4.3M	50x	as long as short
Lighter ENA	+0.0384%	1h	0.2108	+2.579%	$5.5M	$13.7M	10x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2104	+2.377%	$1K	$5K	15x	as long as short
Hyperliquid ENA	+0.0472%	1h	0.2106	+2.486%	$113.2M	$71.4M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0648%	1h	0.2115	+2.919%	$830K	$1.6M	50x	as long as short