Funding arb · Price arb /

ENA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0312%/8h= +34.1% APRpaid last 24h +0.093%

Price spread now: Reya against KuCoin+0.013%7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$9 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ENAUSDTM	0.2132	0.0100	pay 0.0050% / 4h	2h 34m	$24.6M	$16.4M	75x
Short	Reya ENARUSDPERP	0.2132	0.0412	get 0.0051% / 1h	34m 31s	$1K	$5K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now +0.013%Rate

Funding earned: $65.48
Price spread: +0.013% → 0.000%: $1.27
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: $48.75
Costs to cover: 0.180%
Break-even: 1.8 days

Slippage unknown: KuCoin: live order book, 9 min ago; Reya: no order-book sample. 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 KuCoin live order book, 9 min ago	2.13 bp	14.1 bp −$14	40.5 bp −$405	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2122	−0.441%	$107K	—	150x	as long as short
dYdX ENA-USD	+0.0020%	1h	0.2128	−0.168%	$141K	$15K	5x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−0.380%	$522	$57K	5.5x	as long as short
Orderly PERP_ENA_USDC	+0.0040%	4h	0.2124	−0.371%	$44K	$28K	10x	as long as short
01 Exchange ENAUSD	+0.0056%	1h	0.2134	+0.103%	$4K	$302	10x	as long as short
Deribit ENA_USDC-PERPETUAL	+0.0080%	1h	0.2124	−0.347%	$79K	$1.6M	50x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2132	+0.023%	$57K	$525K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2132	+0.014%	$694K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2130	−0.092%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2131	−0.042%	$417K	$548K	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	0.2133	+0.080%	$132.3M	$446.1M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2133	+0.080%	$87.5M	$188.0M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2133	+0.075%	$21.1M	$109.1M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2102	−1.365%	$19K	$406K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2132	+0.023%	$116K	$255K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2105	−1.231%	$92K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2131	−0.038%	$11.0M	$21.3M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2132	+0.009%	$45.4M	$44.0M	200x	as long as short
KuCoin ENAUSDTMlong	+0.0100%	4h	0.2132	long leg	$24.6M	$16.4M	75x
Bitget ENAUSDT	+0.0100%	4h	0.2132	+0.009%	$48.5M	$61.3M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2132	+0.033%	—	$6.5M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2130	−0.089%	$368K	$378K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2114	−0.843%	$3.7M	$10.2M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2104	−1.273%	$241K	$7.5M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2108	−1.095%	$352K	$4.8M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2106	−1.196%	$32K	$667K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2134	+0.108%	$180K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2073	−2.749%	$1K	$850K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2124	−0.352%	$4K	$10K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2124	−0.333%	$275K	$1.0M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2126	−0.258%	$1.9M	$9.2M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2130	−0.051%	$48K	$110	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2124	−0.375%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0188%	1h	0.2107	−1.149%	$7K	$351K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0251%	1h	0.2128	−0.170%	$2.7M	$4.6M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0251% / S −0.0206%	1h	0.2122	−0.469%	$50K	—	100x	as long as short
Extended ENA-USD	+0.0256%	1h	0.2132	+0.044%	$1.6M	$4.2M	50x	as long as short
Lighter ENA	+0.0296%	1h	0.2133	+0.052%	$5.5M	$13.6M	10x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2132	+0.042%	$5.7M	$2.0M	75x	as long as short
Reya ENARUSDPERPshort	+0.0412%	1h	0.2132	+0.013%	$1K	$5K	15x
Hyperliquid ENA	+0.0521%	1h	0.2136	+0.202%	$115.3M	$72.8M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0648%	1h	0.2111	−0.971%	$827K	$1.7M	50x	as long as short