Funding arb · Price arb /

ENA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SunX against Ondo Perps−2.364%7-day average −2.414% · you buy dearer than you sell

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

Long on Ondo Perps Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 4 days (all we have)+0.152%+$15 · spread now −2.364%, 7d avg −2.414%

Together, before fees+0.160%+ Points / potential airdropOndo Perps: Active · farm board+$16 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 0.050% dearer against Ondo Perps than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −2.414%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps ENA-USD.P	0.2115	0.0100	pay 0.0013% / 1h	4m 37s	$33K	$311K	5x
Short	SunX ENA-USDT	0.2065	0.0100	get 0.0050% / 4h	4m 37s	$1K	$908K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Ondo Perps. 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 Ondo PerpsbpFee SunXbpOrdersPrice spread, now −2.364%Rate

Funding earned: $0
Price spread: −2.364% → −2.414%: $5.03
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$7.97
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; SunX: live order book, 48 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell SunX live order book, 48 min ago	262.95 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

Ondo Perps: 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
Orderly PERP_ENA_USDC	−0.0082%	4h	0.2116	+0.024%	$44K	$17K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2117	+0.090%	$54K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2115	−0.017%	$81K	—	150x	as long as short
01 Exchange ENAUSD	+0.0024%	1h	0.2116	+0.028%	$4K	$277	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.392%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2115	−0.005%	$53K	$485K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2113	−0.096%	$47K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2115	+0.007%	$569K	$1.8M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2116	+0.057%	$114.8M	$74.7M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2115	+0.002%	$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	0.2114	−0.072%	$408K	$562K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2115	+0.002%	$128.7M	$425.3M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2114	−0.061%	$90.6M	$190.5M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2115	+0.005%	$21.1M	$107.5M	50x	as long as short
Ondo Perps ENA-USD.Plong	+0.0100%	1h	0.2115	long leg	$33K	$311K	5x
Arcus ENA-USD	+0.0100%	1h	0.2116	+0.043%	$79K	$281K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2118	+0.161%	$92K	$511	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2113	−0.099%	$13.2M	$27.4M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2112	−0.123%	$39.3M	$43.4M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2113	−0.109%	$24.9M	$15.8M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2110	−0.222%	$47.9M	$59.6M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2112	−0.147%	—	$6.5M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2116	+0.052%	$410K	$483K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2114	−0.068%	$3.1M	$9.9M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2116	+0.064%	$255K	$7.0M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2117	+0.092%	$358K	$4.7M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2116	+0.043%	$19K	$646K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2117	+0.095%	$182K	$2.6M	10x	as long as short
SunX ENA-USDTshort	+0.0100%	4h	0.2065	−2.364%	$1K	$908K	20x
SoDEX ENA-USD	+0.0100%	1h	0.2115	−0.005%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2120	+0.227%	$267K	$808K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2115	−0.005%	$1.9M	$8.9M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2111	−0.186%	$1.6M	$4.3M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2116	+0.030%	$74K	$4K	3x	as long as short
Lighter ENA	+0.0144%	1h	0.2114	−0.038%	$5.0M	$13.9M	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0148%	1h	0.2116	+0.025%	$2.6M	$4.3M	50x	as long as short
Phoenix ENA	+0.0190%	1h	0.2118	+0.128%	$13K	$273K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0307% / S −0.0754%	1h	0.2115	+0.017%	$58K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2115	0.000%	$5.6M	$3.4M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2115	+0.012%	$1K	—	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0656%	1h	0.2115	+0.019%	$799K	$1.9M	50x	as long as short
dYdX ENA-USD	+0.0783%	1h	0.2116	+0.057%	$140K	$16K	5x	as long as short