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 −0.006%

Price spread now: Gate against KuCoin−0.056%7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$690.695% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.028%+$3 on $10k

Price spread, last 7 days+0.082%+$8 · spread now −0.056%, 7d avg −0.013%

Together, before fees+0.110%+$11 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: Gate is 0.043% cheaper against KuCoin than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ENAUSDTM	0.2134	0.0100	pay 0.0050% / 4h	2h 19m	$24.7M	$16.4M	75x
Short	Gate ENA_USDT	0.2132	0.0100	get 0.0050% / 4h	2h 19m	$11.0M	$21.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against KuCoin. 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 KuCoinbpFee GatebpOrdersPrice spread, now −0.056%Rate

Funding earned: $0
Price spread: −0.056% → −0.013%: −$4.31
Slippage, 4 orders: −$42.45
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$73.76
Costs to cover: 0.695%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; Gate: live order book, 5 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 KuCoin live order book, 5 min ago	2.34 bp	23.4 bp −$23	44.5 bp −$445	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	4.93 bp	15.9 bp −$16	26.4 bp −$264	56.3 bp −$5,631	98.7 bp −$49.4K

ENA on 41 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	0.2132	−0.084%	$80K	$1.5M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2131	−0.126%	$92K	—	150x	as long as short
dYdX ENA-USD	+0.0015%	1h	0.2132	−0.095%	$141K	$15K	5x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−0.478%	$522	$57K	5.5x	as long as short
Orderly PERP_ENA_USDC	+0.0036%	4h	0.2131	−0.141%	$44K	$28K	10x	as long as short
01 Exchange ENAUSD	+0.0096%	1h	0.2132	−0.084%	$4K	$302	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2131	−0.122%	$54K	$516K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2130	−0.148%	$685K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2132	−0.079%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2132	−0.055%	$417K	$543K	10x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ENAUSDT	+0.0100%	4h	0.2134	−0.003%	$132.1M	$443.2M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2133	−0.019%	$87.5M	$186.2M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2133	−0.019%	$20.9M	$107.9M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2135	+0.080%	$19K	$402K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2132	−0.075%	$79K	$289K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2135	+0.042%	$94K	$4K	10x	as long as short
Gate ENA_USDTshort	+0.0100%	4h	0.2132	−0.056%	$11.0M	$21.6M	50x
MEXC ENA_USDT	+0.0100%	4h	0.2132	−0.080%	$45.4M	$44.4M	200x	as long as short
KuCoin ENAUSDTMlong	+0.0100%	4h	0.2134	long leg	$24.7M	$16.4M	75x
Bitget ENAUSDT	+0.0100%	4h	0.2133	−0.047%	$48.5M	$60.8M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2133	−0.009%	—	$32.6M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2134	+0.028%	$382K	$386K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2130	−0.147%	$3.8M	$10.2M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2130	−0.167%	$248K	$7.5M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2129	−0.216%	$352K	$4.8M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2131	−0.122%	$32K	$656K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2132	−0.098%	$183K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2080	−2.493%	$1K	$854K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2131	−0.122%	$4K	$10K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2135	+0.056%	$275K	$864K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2131	−0.122%	$1.9M	$9.2M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2132	−0.096%	$48K	$110	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2131	−0.139%	$75K	$4K	3x	as long as short
Phoenix ENA	+0.0188%	1h	0.2129	−0.211%	$7K	$351K	10x	as long as short
Extended ENA-USD	+0.0224%	1h	0.2131	−0.121%	$1.6M	$4.1M	50x	as long as short
Kraken Futures PF_ENAUSD	+0.0250%	1h	0.2133	−0.019%	$2.7M	$4.5M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0251% / S −0.0206%	1h	0.2130	−0.159%	$51K	—	100x	as long as short
Lighter ENA	+0.0400%	1h	0.2134	+0.033%	$5.5M	$13.7M	10x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2131	−0.100%	$1K	$5K	15x	as long as short
Hyperliquid ENA	+0.0490%	1h	0.2136	+0.103%	$115.4M	$72.5M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0648%	1h	0.2136	+0.108%	$837K	$1.7M	50x	as long as short