Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Nado against SunX+2.373%7-day average +2.374% · you sell dearer than you buy

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

Long on SunX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.018%+$2 on $10k

Price spread, last 4 days (all we have)−0.223%−$22 · spread now +2.373%, 7d avg +2.374%

Together, before fees−0.206%+ Points / potential airdropNado: Active · farm board−$21 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	0.2061	0.0100	pay 0.0050% / 4h	2h 38m	$922	$869K	20x
Short	Nado ENA-PERP	0.2110	0.0100	get 0.0012% / 1h	38m 05s	$654K	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +2.373%Rate

Funding earned: $0
Price spread: +2.373% → +2.374%: −$0.14
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$15.14
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 34 min ago; Nado: live order book, 1 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, 34 min ago	258.76 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 1 min ago	1.18 bp	9.3 bp −$9	24.3 bp −$243	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	−0.0142%	4h	0.2110	+2.387%	$44K	$25K	10x	as long as short
01 Exchange ENAUSD	−0.0008%	1h	0.2109	+2.310%	$4K	$277	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2111	+2.431%	$73K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2111	+2.407%	$82K	—	150x	as long as short
Gate ENA_USDT	+0.0004%	4h	0.2112	+2.475%	$11.1M	$23.5M	50x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+3.033%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2107	+2.237%	$57K	$467K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2106	+2.193%	$47K	$110	10x	as long as short
Nado ENA-PERPshort	+0.0100%	1h	0.2110	+2.373%	$654K	$1.7M	10x
Hyperliquid ENA	+0.0100%	1h	0.2115	+2.606%	$114.6M	$74.1M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ENAUSDT	+0.0100%	4h	0.2113	+2.516%	$1.4M	$3.2M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2108	+2.278%	$395K	$525K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2113	+2.516%	$127.9M	$417.0M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2114	+2.552%	$85.5M	$175.2M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2115	+2.606%	$21.2M	$104.2M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2104	+2.096%	$20K	$321K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2107	+2.237%	$78K	$276K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2112	+2.479%	$93K	−$0	10x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2113	+2.523%	$45.5M	$40.7M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2112	+2.499%	$24.9M	$15.5M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2112	+2.465%	$48.0M	$58.0M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2112	+2.504%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2100	+1.907%	$3.0M	$10.0M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2109	+2.322%	$242K	$6.8M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2103	+2.062%	$354K	$4.9M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2107	+2.237%	$20K	$648K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2111	+2.441%	$189K	$2.4M	10x	as long as short
SunX ENA-USDTlong	+0.0100%	4h	0.2061	long leg	$922	$869K	20x
SoDEX ENA-USD	+0.0100%	1h	0.2111	+2.431%	$3K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2117	+2.703%	$267K	$798K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2111	+2.431%	$1.8M	$8.9M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2110	+2.404%	$1.6M	$4.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2111	+2.416%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0153%	1h	0.2111	+2.416%	$8K	$278K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0163%	1h	0.2112	+2.501%	$2.6M	$4.3M	50x	as long as short
Lighter ENA	+0.0192%	1h	0.2113	+2.538%	$5.2M	$13.0M	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0307% / S −0.0358%	1h	0.2110	+2.391%	$70K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2102	+1.975%	$5.5M	$3.0M	75x	as long as short
dYdX ENA-USD	+0.0376%	1h	0.2108	+2.277%	$139K	$15K	5x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2110	+2.394%	$1K	$5K	15x	as long as short
Backpack ENA_USDC_PERP	+0.0566%	1h	0.2114	+2.572%	$358K	$400K	5x	as long as short
Coinbase International ENA-PERP-INTX	+0.0704%	1h	0.2111	+2.450%	$864K	$1.7M	50x	as long as short