Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Pacifica against SunX+2.209%7-day average +2.375% · you sell dearer than you buy

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

Long on SunX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.019%−$2 on $10k

Price spread, last 3 days (all we have)+0.015%+$1 · spread now +2.209%, 7d avg +2.375%

Together, before fees−0.004%+ Points / potential airdropPacifica: Active · farm board$0 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: Pacifica is 0.166% cheaper against SunX than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of +2.375%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ENA-USDT	0.2108	0.0100	pay 0.0050% / 4h	3h 20m	$1K	$832K	20x
Short	Pacifica ENA	0.2154	0.0100	get 0.0013% / 1h	20m 05s	$423K	$549K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +2.209%Rate

Funding earned: $0
Price spread: +2.209% → +2.375%: −$16.57
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$32.57
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 32 min ago; Pacifica: live order book, 54 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, 32 min ago	330.91 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Pacifica live order book, 54 min ago	0.23 bp	5.2 bp −$5	doesn't fit	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
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2159	+2.439%	$81K	$1.7M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0004%	1h	0.2159	+2.407%	$102K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.740%	$522	$57K	5.5x	as long as short
Orderly PERP_ENA_USDC	+0.0034%	4h	0.2158	+2.391%	$42K	$23K	10x	as long as short
dYdX ENA-USD	+0.0037%	1h	0.2155	+2.231%	$142K	$15K	5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2159	+2.429%	$63K	$518K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2159	+2.434%	$715K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2157	+2.358%	$1.6M	$3.3M	50x	as long as short
Pacifica ENAshort	+0.0100%	1h	0.2154	+2.209%	$423K	$549K	10x
Binance ENAUSDT	+0.0100%	4h	0.2157	+2.346%	$134.0M	$443.4M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ENAUSDT	+0.0100%	4h	0.2155	+2.258%	$89.0M	$187.4M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2155	+2.220%	$21.2M	$110.6M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2145	+1.779%	$16K	$411K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2159	+2.429%	$107K	$242K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2143	+1.670%	$90K	−$0	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2157	+2.310%	$11.0M	$21.3M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2157	+2.310%	$46.0M	$44.7M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2157	+2.348%	$24.8M	$16.5M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2154	+2.211%	$48.9M	$61.4M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2156	+2.282%	—	$32.6M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2158	+2.391%	$384K	$410K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2144	+1.741%	$3.9M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2144	+1.727%	$248K	$7.5M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2155	+2.239%	$363K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2146	+1.812%	$33K	$688K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2159	+2.420%	$186K	$2.4M	10x	as long as short
SunX ENA-USDTlong	+0.0100%	4h	0.2108	long leg	$1K	$832K	20x
SoDEX ENA-USD	+0.0100%	1h	0.2158	+2.382%	$4K	$10K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2160	+2.481%	$280K	$1.1M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2158	+2.382%	$2.0M	$9.4M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2157	+2.333%	$48K	$110	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2159	+2.413%	$76K	$4K	3x	as long as short
Phoenix ENA	+0.0150%	1h	0.2147	+1.879%	$8K	$347K	10x	as long as short
01 Exchange ENAUSD	+0.0192%	1h	0.2160	+2.491%	$4K	$302	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0231%	1h	0.2160	+2.480%	$2.7M	$5.1M	50x	as long as short
Extended ENA-USD	+0.0320%	1h	0.2158	+2.373%	$1.6M	$4.2M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0334% / S −0.0430%	1h	0.2158	+2.401%	$81K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2146	+1.808%	$5.6M	$2.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2158	+2.373%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0608%	1h	0.2150	+1.997%	$852K	$1.8M	50x	as long as short
Lighter ENA	+0.0704%	1h	0.2160	+2.453%	$5.7M	$12.6M	10x	as long as short
Hyperliquid ENA	+0.0770%	1h	0.2159	+2.420%	$116.6M	$74.2M	10x	as long as short