Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SunX against Nado−2.315%7-day average −2.374% · you buy dearer than you sell

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

Long on Nado Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.018%−$2 on $10k

Price spread, last 4 days (all we have)+0.165%+$17 · spread now −2.315%, 7d avg −2.374%

Together, before fees+0.147%+ Points / potential airdropNado: Active · farm board+$15 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 0.060% dearer against Nado than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −2.374%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado ENA-PERP	0.2155	0.0100	pay 0.0012% / 1h	53m 34s	$570K	$1.8M	10x
Short	SunX ENA-USDT	0.2105	0.0100	get 0.0050% / 4h	1h 53m	$1K	$895K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Nado. 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 NadobpFee SunXbpOrdersPrice spread, now −2.315%Rate

Funding earned: $0
Price spread: −2.315% → −2.374%: $5.96
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee SunX: 4 bp × 2 orders: −$8
Net: −$9.04
Costs to cover: 0.150%
Break-even: 929259450433219.3 days

Slippage unknown: Nado: live order book, 5 min ago; SunX: live order book, 9 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 Nado live order book, 5 min ago	1.83 bp	9.4 bp −$9	20.9 bp −$209	doesn't fit	doesn't fit
Sell SunX live order book, 9 min ago	258.54 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	−0.0140%	4h	0.2156	+0.061%	$45K	$26K	10x	as long as short
dYdX ENA-USD	0.0000%	1h	0.2151	−0.191%	$142K	$16K	5x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2158	+0.136%	$67K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2157	+0.107%	$83K	—	150x	as long as short
01 Exchange ENAUSD	+0.0008%	1h	0.2149	−0.263%	$4K	$277	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−1.456%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2149	−0.268%	$57K	$481K	50x	as long as short
Nado ENA-PERPlong	+0.0100%	1h	0.2155	long leg	$570K	$1.8M	10x
Hyperliquid ENA	+0.0100%	1h	0.2150	−0.203%	$116.1M	$76.3M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2151	−0.195%	$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	0.2150	−0.237%	$403K	$532K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2149	−0.257%	$130.1M	$428.3M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2149	−0.273%	$85.8M	$181.0M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2150	−0.236%	$21.6M	$109.4M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2183	+1.319%	$21K	$326K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2149	−0.268%	$79K	$281K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2172	+0.796%	$95K	$511	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2149	−0.249%	$12.3M	$25.8M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2149	−0.273%	$48.2M	$41.9M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2151	−0.189%	$24.9M	$15.8M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2147	−0.352%	$48.8M	$60.0M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2149	−0.277%	—	$31.7M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2170	+0.714%	$3.1M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2161	+0.295%	$257K	$7.0M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2175	+0.939%	$363K	$5.0M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2179	+1.124%	$20K	$651K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2156	+0.057%	$189K	$2.6M	10x	as long as short
SunX ENA-USDTshort	+0.0100%	4h	0.2105	−2.315%	$1K	$895K	20x
SoDEX ENA-USD	+0.0100%	1h	0.2157	+0.103%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2158	+0.173%	$270K	$806K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2156	+0.057%	$1.8M	$8.9M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2149	−0.277%	$48K	$110	10x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2148	−0.293%	$1.6M	$4.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2157	+0.116%	$75K	$4K	3x	as long as short
Lighter ENA	+0.0120%	1h	0.2152	−0.147%	$5.1M	$13.3M	10x	as long as short
Phoenix ENA	+0.0153%	1h	0.2170	+0.711%	$8K	$276K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0309% / S −0.0753%	1h	0.2157	+0.116%	$59K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2160	+0.233%	$5.6M	$3.2M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2155	+0.006%	$1K	$5K	15x	as long as short
Kraken Futures PF_ENAUSD	+0.0437%	1h	0.2159	+0.187%	$2.7M	$4.3M	50x	as long as short
Coinbase International ENA-PERP-INTX	+0.0616%	1h	0.2164	+0.433%	$887K	$1.8M	50x	as long as short
Backpack ENA_USDC_PERP	+0.0661%	1h	0.2157	+0.103%	$395K	$424K	5x	as long as short