Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: SunX against Variational Omni−2.081%7-day average −2.369% · you buy dearer than you sell

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

Long on Variational Omni Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 3 days (all we have)+0.139%+$14 · spread now −2.081%, 7d avg −2.369%

Together, before fees+0.139%+ Points / potential airdropVariational Omni: Active · farm board+$14 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: SunX is 0.288% dearer against Variational Omni than usual: you sell high and buy low, +$29 on $10k if it goes back to its 7-day average of −2.369%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ENA	0.2121	0.0100	pay 0.0050% / 4h	7m 47s	$3.9M	$10.2M	—
Short	SunX ENA-USDT	0.2077	0.0100	get 0.0050% / 4h	7m 47s	$1K	$827K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −2.081%Rate

Funding earned: $0
Price spread: −2.081% → −2.369%: $28.79
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: $20.79
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; SunX: 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 Variational Omni RFQ quote, 1 min ago	4.71 bp	doesn't fit	18.9 bp −$189	61.3 bp −$6,126	doesn't fit
Sell SunX live order book, 54 min ago	265.66 bp	doesn't fit	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	0.2127	+0.290%	$95K	$1.7M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2128	+0.311%	$97K	—	150x	as long as short
Orderly PERP_ENA_USDC	+0.0007%	4h	0.2126	+0.253%	$41K	$24K	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.116%	$522	$57K	5.5x	as long as short
Backpack ENA_USDC_PERP	+0.0055%	1h	0.2127	+0.262%	$377K	$444K	5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2127	+0.286%	$62K	$526K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2128	+0.312%	$680K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2126	+0.257%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2128	+0.325%	$411K	$559K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2123	+0.092%	$131.6M	$449.8M	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	0.2124	+0.149%	$89.3M	$189.0M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2124	+0.144%	$20.7M	$110.7M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2123	+0.116%	$15K	$390K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2129	+0.380%	$84K	$222K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2126	+0.235%	$90K	$500	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2124	+0.158%	$10.8M	$21.7M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2125	+0.182%	$46.5M	$45.6M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2126	+0.253%	$24.6M	$16.3M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2123	+0.092%	$48.1M	$63.4M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2125	+0.177%	—	$6.5M	—	as long as short
Variational Omni ENAlong	+0.0100%	4h	0.2121	long leg	$3.9M	$10.2M	—
edgeX ENAUSDC	+0.0100%	4h	0.2128	+0.313%	$246K	$7.6M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2121	+0.023%	$362K	$4.7M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2129	+0.380%	$34K	$712K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2128	+0.314%	$179K	$2.4M	10x	as long as short
SunX ENA-USDTshort	+0.0100%	4h	0.2077	−2.081%	$1K	$827K	20x
SoDEX ENA-USD	+0.0100%	1h	0.2126	+0.238%	$4K	$11K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2129	+0.385%	$276K	$1.4M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2125	+0.191%	$1.9M	$9.3M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2127	+0.295%	$48K	$221	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2127	+0.287%	$78K	$11K	3x	as long as short
Phoenix ENA	+0.0189%	1h	0.2129	+0.361%	$7K	$347K	10x	as long as short
01 Exchange ENAUSD	+0.0200%	1h	0.2130	+0.403%	$4K	$302	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0240%	1h	0.2128	+0.346%	$2.7M	$5.2M	50x	as long as short
Extended ENA-USD	+0.0240%	1h	0.2124	+0.148%	$1.6M	$4.2M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0250% / S −0.0434%	1h	0.2127	+0.297%	$38K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2128	+0.314%	$5.6M	$4.7M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2127	+0.267%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0552%	1h	0.2126	+0.234%	$839K	$1.9M	50x	as long as short
Lighter ENA	+0.0560%	1h	0.2125	+0.215%	$5.6M	$12.9M	10x	as long as short
Hyperliquid ENA	+0.0749%	1h	0.2128	+0.319%	$114.7M	$78.3M	10x	as long as short
dYdX ENA-USD	+0.1204%	1h	0.2128	+0.319%	$141K	$15K	5x	as long as short