Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.011%

Price spread now: SunX against Bitget−2.162%7-day average −2.309% · you buy dearer than you sell

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

Long on Bitget Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.017%+$2 on $10k

Price spread, last 4 days (all we have)+0.819%+$82 · spread now −2.162%, 7d avg −2.309%

Together, before fees+0.835%+$84 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 0.147% dearer against Bitget than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −2.309%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ENAUSDT	0.2109	0.0100	pay 0.0050% / 4h	1h 10m	$48.0M	$57.5M	75x
Short	SunX ENA-USDT	0.2064	0.0100	get 0.0050% / 4h	1h 10m	$1K	$840K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Bitget. 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 BitgetbpFee SunXbpOrdersPrice spread, now −2.162%Rate

Funding earned: $0
Price spread: −2.162% → −2.309%: $14.72
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$5.28
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 4 min ago; SunX: live order book, 22 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 Bitget live order book, 4 min ago	0.71 bp	11.2 bp −$11	16.5 bp −$165	45.0 bp −$4,495	doesn't fit
Sell SunX live order book, 22 min ago	258.55 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
Orderly PERP_ENA_USDC	−0.0035%	4h	0.2111	+0.090%	$44K	$26K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	−0.0034%	1h	0.2111	+0.104%	$79K	$1.3M	50x	as long as short
01 Exchange ENAUSD	0.0000%	1h	0.2115	+0.303%	$4K	$302	10x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2112	+0.130%	$82K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.678%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2115	+0.280%	$55K	$498K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2114	+0.239%	$663K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2113	+0.166%	$113.8M	$71.9M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2113	+0.193%	$1.5M	$2.9M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2115	+0.290%	$413K	$506K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ENAUSDT	+0.0100%	4h	0.2111	+0.073%	$129.3M	$417.1M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2111	+0.071%	$86.3M	$175.0M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2111	+0.095%	$20.8M	$102.4M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2112	+0.114%	$19K	$333K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2115	+0.280%	$78K	$275K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2120	+0.517%	$93K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2111	+0.090%	$11.1M	$21.6M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2111	+0.076%	$45.8M	$42.2M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2112	+0.152%	$24.6M	$15.7M	75x	as long as short
Bitget ENAUSDTlong	+0.0100%	4h	0.2109	long leg	$48.0M	$57.5M	75x
BingX ENA-USDT	+0.0100%	4h	0.2111	+0.071%	—	$32.2M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2112	+0.128%	$374K	$362K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2112	+0.158%	$3.4M	$9.9M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2119	+0.452%	$244K	$7.0M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2119	+0.469%	$357K	$4.9M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2119	+0.469%	$22K	$651K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2115	+0.289%	$188K	$2.3M	10x	as long as short
SunX ENA-USDTshort	+0.0100%	4h	0.2064	−2.162%	$1K	$840K	20x
SoDEX ENA-USD	+0.0100%	1h	0.2112	+0.137%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2117	+0.370%	$277K	$781K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2110	+0.043%	$1.8M	$8.8M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2115	+0.266%	$47K	$110	10x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2111	+0.078%	$1.6M	$4.1M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2111	+0.082%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0150%	1h	0.2119	+0.460%	$8K	$298K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0253% / S −0.0213%	1h	0.2112	+0.124%	$51K	—	100x	as long as short
Kraken Futures PF_ENAUSD	+0.0285%	1h	0.2113	+0.162%	$2.7M	$4.3M	50x	as long as short
Lighter ENA	+0.0312%	1h	0.2113	+0.204%	$5.3M	$13.9M	10x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2115	+0.275%	$5.6M	$3.1M	75x	as long as short
dYdX ENA-USD	+0.0347%	1h	0.2115	+0.284%	$140K	$15K	5x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2112	+0.132%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0664%	1h	0.2115	+0.299%	$832K	$1.5M	50x	as long as short