Funding arb · Price arb /

ENA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Variational Omni+1.104%7-day average +0.017% · you sell dearer than you buy

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

Long on Variational Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)0.000%$0 on $10k

Price spread, last 7 days−1.111%−$111 · spread now +1.104%, 7d avg +0.017%

Together, before fees−1.111%+ Points / potential airdropVariational Omni: Active · farm board−$111 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 1.087% dearer against Variational Omni than usual: you sell high and buy low, +$109 on $10k if it goes back to its 7-day average of +0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ENA	0.2139	0.0100	pay 0.0050% / 4h	2h 19m	$3.1M	$10.0M	—
Short	KuCoin ENAUSDTM	0.2163	0.0100	get 0.0050% / 4h	2h 19m	$25.2M	$15.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Variational Omni. 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 Variational OmnibpFee KuCoinbpOrdersPrice spread, now +1.104%Rate

Funding earned: $0
Price spread: +1.104% → +0.017%: $108.71
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $96.71
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 5 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 Variational Omni RFQ quote, 5 min ago	4.72 bp	doesn't fit	18.9 bp −$189	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	0.94 bp	14.5 bp −$14	31.7 bp −$317	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	−0.0138%	4h	0.2164	+1.142%	$45K	$26K	10x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2163	+1.098%	$84K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−0.751%	$522	$57K	5.5x	as long as short
01 Exchange ENAUSD	+0.0056%	1h	0.2164	+1.137%	$4K	$277	10x	as long as short
Deribit ENA_USDC-PERPETUAL	+0.0074%	1h	0.2164	+1.137%	$70K	$1.1M	50x	as long as short
Gate ENA_USDT	+0.0076%	4h	0.2164	+1.142%	$11.4M	$24.2M	50x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2161	+1.006%	$60K	$468K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2162	+1.041%	$669K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2165	+1.202%	$117.6M	$74.9M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2163	+1.088%	$1.5M	$3.3M	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	0.2162	+1.036%	$406K	$528K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2163	+1.090%	$131.1M	$421.0M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2163	+1.123%	$87.3M	$176.5M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2163	+1.123%	$21.6M	$107.3M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2149	+0.450%	$21K	$326K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2163	+1.100%	$80K	$280K	10x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2164	+1.132%	$47.7M	$41.6M	200x	as long as short
KuCoin ENAUSDTMshort	+0.0100%	4h	0.2163	+1.104%	$25.2M	$15.6M	75x
Bitget ENAUSDT	+0.0100%	4h	0.2165	+1.188%	$49.3M	$58.2M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2163	+1.114%	—	$31.2M	—	as long as short
Variational Omni ENAlong	+0.0100%	4h	0.2139	long leg	$3.1M	$10.0M	—
edgeX ENAUSDC	+0.0100%	4h	0.2142	+0.120%	$246K	$6.9M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2126	−0.630%	$356K	$5.0M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2127	−0.583%	$19K	$651K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2162	+1.071%	$192K	$2.5M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2112	−1.298%	$1K	$879K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2163	+1.100%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2165	+1.170%	$273K	$798K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2163	+1.100%	$1.8M	$8.9M	50x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2132	−0.373%	$94K	−$0	10x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2161	+0.997%	$48K	$110	10x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2162	+1.073%	$1.6M	$4.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2161	+1.015%	$76K	$4K	3x	as long as short
Phoenix ENA	+0.0153%	1h	0.2155	+0.749%	$8K	$278K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0159%	1h	0.2163	+1.120%	$2.7M	$4.3M	50x	as long as short
dYdX ENA-USD	+0.0259%	1h	0.2160	+0.936%	$143K	$16K	5x	as long as short
Lighter ENA	+0.0264%	1h	0.2166	+1.240%	$5.4M	$13.1M	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0309% / S −0.0753%	1h	0.2163	+1.116%	$59K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2165	+1.184%	$5.6M	$3.2M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2162	+1.050%	$1K	$5K	15x	as long as short
Backpack ENA_USDC_PERP	+0.0641%	1h	0.2165	+1.179%	$364K	$401K	5x	as long as short
Coinbase International ENA-PERP-INTX	+0.0704%	1h	0.2163	+1.114%	$886K	$1.8M	50x	as long as short