Funding arb · Price arb /

ENA

all ENA markets

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 Binance+0.082%7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$510.514% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.033%−$3 on $10k

Price spread, last 7 days−0.086%−$9 · spread now +0.082%, 7d avg +0.002%

Together, before fees−0.119%−$12 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 0.080% dearer against Binance than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ENAUSDT	0.2114	0.0100	pay 0.0050% / 4h	4m 55s	$128.7M	$424.8M	75x
Short	KuCoin ENAUSDTM	0.2116	0.0100	get 0.0050% / 4h	4m 55s	$25.0M	$15.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Binance. 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 BinancebpFee KuCoinbpOrdersPrice spread, now +0.082%Rate

Funding earned: $0
Price spread: +0.082% → +0.002%: $8.02
Slippage, 4 orders: −$29.38
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$43.36
Costs to cover: 0.514%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; KuCoin: live order book, 4 min ago.

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 Binance live order book, 9 min ago	0.24 bp	8.9 bp −$9	15.0 bp −$150	61.1 bp −$6,110	doesn't fit
Sell KuCoin live order book, 4 min ago	2.36 bp	15.8 bp −$16	32.0 bp −$320	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	−0.0082%	4h	0.2116	+0.059%	$44K	$17K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2117	+0.125%	$54K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2115	+0.017%	$81K	—	150x	as long as short
01 Exchange ENAUSD	+0.0032%	1h	0.2118	+0.158%	$4K	$277	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.428%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2117	+0.125%	$53K	$485K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2114	−0.003%	$47K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2117	+0.106%	$567K	$1.8M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2116	+0.096%	$114.8M	$74.7M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2116	+0.071%	$1.4M	$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	0.2116	+0.084%	$408K	$562K	10x	as long as short
Binance ENAUSDTlong	+0.0100%	4h	0.2114	long leg	$128.7M	$424.8M	75x
Bybit ENAUSDT	+0.0100%	4h	0.2113	−0.079%	$90.6M	$187.4M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2115	+0.040%	$21.2M	$107.2M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2115	+0.035%	$33K	$311K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2118	+0.172%	$79K	$281K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2118	+0.196%	$92K	$511	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2115	+0.021%	$13.1M	$27.4M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2114	−0.008%	$39.3M	$43.4M	200x	as long as short
KuCoin ENAUSDTMshort	+0.0100%	4h	0.2116	+0.082%	$25.0M	$15.8M	75x
Bitget ENAUSDT	+0.0100%	4h	0.2113	−0.064%	$48.0M	$59.6M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2114	−0.017%	—	$6.5M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2116	+0.087%	$410K	$483K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2114	−0.033%	$3.1M	$9.9M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2116	+0.099%	$255K	$7.0M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2117	+0.127%	$358K	$4.7M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2116	+0.078%	$19K	$646K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2117	+0.130%	$182K	$2.6M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2065	−2.330%	$1K	$908K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2115	+0.030%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2120	+0.262%	$267K	$808K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2115	+0.030%	$1.9M	$8.9M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2113	−0.077%	$1.6M	$4.3M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2116	+0.065%	$74K	$4K	3x	as long as short
Lighter ENA	+0.0144%	1h	0.2118	+0.153%	$5.0M	$13.9M	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0148%	1h	0.2116	+0.060%	$2.6M	$4.3M	50x	as long as short
Phoenix ENA	+0.0190%	1h	0.2118	+0.163%	$13K	$273K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0307% / S −0.0754%	1h	0.2115	+0.052%	$58K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2115	+0.035%	$5.6M	$3.4M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2115	+0.047%	$1K	—	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0656%	1h	0.2115	+0.054%	$799K	$1.9M	50x	as long as short
dYdX ENA-USD	+0.0791%	1h	0.2115	+0.016%	$140K	$16K	5x	as long as short