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 0.000%

Price spread now: KuCoin against SunX+2.633%7-day average +2.391% · you sell dearer than you buy

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

Long on SunX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.064%−$6 on $10k

Price spread, last 4 days (all we have)−1.189%−$119 · spread now +2.633%, 7d avg +2.391%

Together, before fees−1.253%−$125 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.242% dearer against SunX than usual: you sell high and buy low, +$24 on $10k if it goes back to its 7-day average of +2.391%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ENA-USDT	0.2063	0.0100	pay 0.0050% / 4h	1h 34m	$1K	$840K	20x
Short	KuCoin ENAUSDTM	0.2117	0.0100	get 0.0050% / 4h	1h 34m	$24.6M	$15.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +2.633%Rate

Funding earned: $0
Price spread: +2.633% → +2.391%: $24.18
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $4.18
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: SunX: live order book, 68 min ago; KuCoin: live order book, 5 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, 68 min ago	251.90 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	2.61 bp	12.6 bp −$13	30.2 bp −$302	doesn't fit	doesn't fit

ENA on 42 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
Orderly PERP_ENA_USDC	−0.0004%	4h	0.2116	+2.574%	$44K	$26K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2117	+2.657%	$79K	$1.3M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2116	+2.608%	$82K	—	150x	as long as short
01 Exchange ENAUSD	+0.0008%	1h	0.2115	+2.550%	$4K	$302	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+2.948%	$522	$57K	5.5x	as long as short
dYdX ENA-USD	+0.0095%	1h	0.2112	+2.377%	$139K	$15K	5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2114	+2.492%	$55K	$497K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2115	+2.517%	$683K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2118	+2.676%	$113.8M	$71.3M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2115	+2.527%	$1.5M	$3.0M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ENA	+0.0100%	1h	0.2112	+2.398%	$413K	$511K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2117	+2.646%	$130.0M	$420.4M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2117	+2.623%	$86.8M	$175.5M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2117	+2.633%	$20.8M	$102.8M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2106	+2.094%	$19K	$359K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2113	+2.444%	$78K	$288K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2115	+2.540%	$93K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2116	+2.608%	$11.1M	$21.3M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2116	+2.589%	$45.5M	$41.8M	200x	as long as short
KuCoin ENAUSDTMshort	+0.0100%	4h	0.2117	+2.633%	$24.6M	$15.7M	75x
Bitget ENAUSDT	+0.0100%	4h	0.2115	+2.565%	$48.2M	$57.8M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2117	+2.613%	—	$32.2M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2120	+2.783%	$375K	$364K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2113	+2.436%	$3.4M	$10.2M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2106	+2.122%	$243K	$7.3M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2110	+2.294%	$354K	$4.8M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2111	+2.347%	$32K	$648K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2116	+2.584%	$184K	$2.3M	10x	as long as short
SunX ENA-USDTlong	+0.0100%	4h	0.2063	long leg	$1K	$840K	20x
SoDEX ENA-USD	+0.0100%	1h	0.2117	+2.637%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2119	+2.730%	$277K	$781K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2118	+2.686%	$1.9M	$8.9M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2112	+2.419%	$47K	$110	10x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2116	+2.583%	$1.6M	$4.1M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2116	+2.589%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0150%	1h	0.2107	+2.157%	$8K	$298K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0251% / S −0.0206%	1h	0.2117	+2.624%	$50K	—	100x	as long as short
Kraken Futures PF_ENAUSD	+0.0284%	1h	0.2118	+2.695%	$2.7M	$4.3M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2118	+2.696%	$5.6M	$3.1M	75x	as long as short
Lighter ENA	+0.0392%	1h	0.2120	+2.768%	$5.5M	$13.6M	10x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2115	+2.544%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0664%	1h	0.2118	+2.700%	$833K	$1.5M	50x	as long as short