Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC0.0000%/8hnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against KuCoin−2.336%54s7-day average −2.389% · you buy dearer than you sell

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

Long on KuCoin Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.077%+$8 on $10k

Price spread, last 3 days (all we have)+0.092%+$9 · spread now −2.336%, 7d avg −2.389%

Together, before fees+0.170%+$17 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 0.054% dearer against KuCoin than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −2.389%. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ENAUSDTM	0.2119	0.0100	pay 0.0050% / 4h	21m 30s	$23.4M	$16.8M	75x
Short	SunX ENA-USDT	0.2070	0.0100	get 0.0050% / 4h	21m 30s	$1K	$784K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −2.336%Rate

Funding earned: $0
Price spread: −2.336% → −2.389%: $5.37
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$14.63
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 11 min ago; SunX: live order book, 4 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 KuCoin live order book, 11 min ago	1.42 bp	10.1 bp −$10	29.6 bp −$296	doesn't fit	doesn't fit
Sell SunX live order book, 4 min ago	261.16 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
Backpack ENA_USDC_PERP	−0.0300%	1h	0.2119	−0.009%	$366K	$498K	5x	as long as short
Kraken Futures PF_ENAUSD	−0.0224%	1h	0.2120	+0.023%	$2.7M	$6.1M	50x	as long as short
Injective ENA/USDC PERP	−0.0223%	1h	0.2123	+0.189%	$522	$57K	5.5x	as long as short
Orderly PERP_ENA_USDC	−0.0140%	4h	0.2119	−0.028%	$42K	$22K	10x	as long as short
01 Exchange ENAUSD	−0.0056%	1h	0.2119	−0.024%	$4K	$432	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2119	−0.005%	$94K	$1.9M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2120	+0.022%	$98K	—	150x	as long as short
Phemex ENAUSDT	+0.0066%	4h	0.2118	−0.066%	$1.9M	$9.5M	50x	as long as short
Phoenix ENA	+0.0076%	1h	0.2129	+0.467%	$5K	$392K	10x	as long as short
Bitget ENAUSDT	+0.0084%	4h	0.2118	−0.061%	$48.3M	$66.9M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex ENAUSDT	+0.0096%	1h	0.2118	−0.066%	$59K	$564K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2118	−0.065%	$47K	$221	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2118	−0.075%	$653K	$1.8M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2122	+0.118%	$111.8M	$79.4M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2120	+0.008%	$1.6M	$3.2M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2120	+0.009%	$407K	$618K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2119	−0.009%	$130.9M	$476.8M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2118	−0.066%	$89.6M	$198.0M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2118	−0.047%	$20.4M	$119.8M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2127	+0.344%	$20K	$473K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2120	+0.028%	$84K	$216K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2118	−0.047%	$10.5M	$23.6M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2119	−0.033%	$45.1M	$53.6M	200x	as long as short
KuCoin ENAUSDTMlong	+0.0100%	4h	0.2119	long leg	$23.4M	$16.8M	75x
BingX ENA-USDT	+0.0100%	4h	0.2118	−0.047%	—	$33.2M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2126	+0.294%	$3.7M	$9.9M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2123	+0.155%	$253K	$8.2M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2123	+0.172%	$363K	$4.5M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2127	+0.359%	$31K	$717K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2119	0.000%	$187K	$3.2M	10x	as long as short
SunX ENA-USDTshort	+0.0100%	4h	0.2070	−2.336%	$1K	$784K	20x
SoDEX ENA-USD	+0.0100%	1h	0.2118	−0.066%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2123	+0.179%	$274K	$1.7M	50x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2122	+0.139%	$89K	$1K	10x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2118	−0.043%	$1.7M	$4.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2119	−0.002%	$78K	$11K	3x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0165% / S −0.0222%	1h	0.2120	+0.030%	$38K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2124	+0.198%	$5.7M	$8.4M	75x	as long as short
Lighter ENA	+0.0400%	1h	0.2121	+0.094%	$5.8M	$13.8M	10x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2118	−0.045%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0536%	1h	0.2121	+0.061%	$813K	$2.4M	50x	as long as short
dYdX ENA-USD	+0.5920%	1h	0.2119	−0.001%	$140K	$12K	5x	as long as short