Funding arb · Price arb /

ENA

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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 0.000%

Price spread now: Polymarket Perps against SoDEX+0.014%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on Polymarket Perps

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—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX ENA-USD	0.2119	0.0100	pay 0.0013% / 1h	13m 04s	$4K	$7K	10x
Short	Polymarket Perps ENA-USD	0.2119	0.0100	get 0.0013% / 1h	13m 04s	$179K	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against SoDEX. 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 SoDEXbpFee Polymarket PerpsbpOrdersPrice spread, now +0.014%Rate

Funding earned: $0
Price spread: +0.014% → 0.000%: $1.42
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$14.58
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; Polymarket Perps: live order book, 6 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 SoDEX no order-book sample	—	—	—	—	—
Sell Polymarket Perps live order book, 6 min ago	3.31 bp	7.3 bp −$7	8.0 bp −$80	doesn't fit	doesn't fit

SoDEX: 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
Backpack ENA_USDC_PERP	−0.0126%	1h	0.2120	+0.071%	$363K	$401K	5x	as long as short
Orderly PERP_ENA_USDC	−0.0073%	4h	0.2122	+0.137%	$44K	$25K	10x	as long as short
01 Exchange ENAUSD	−0.0040%	1h	0.2120	+0.057%	$4K	$302	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2121	+0.104%	$74K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2123	+0.180%	$82K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.208%	$522	$57K	5.5x	as long as short
Phoenix ENA	+0.0076%	1h	0.2118	−0.052%	$8K	$266K	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2118	−0.047%	$56K	$475K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2119	+0.007%	$47K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2119	+0.014%	$662K	$1.7M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ENAUSDT	+0.0100%	4h	0.2121	+0.113%	$1.5M	$3.2M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2119	+0.013%	$404K	$517K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2118	−0.070%	$129.0M	$416.7M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2117	−0.113%	$85.3M	$175.6M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2118	−0.047%	$21.1M	$104.1M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2112	−0.335%	$18K	$319K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2120	+0.047%	$79K	$276K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2116	−0.151%	$93K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2120	+0.033%	$11.1M	$22.2M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2119	+0.014%	$46.2M	$41.6M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2121	+0.090%	$24.7M	$15.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2118	−0.066%	$48.1M	$57.7M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2120	+0.033%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2115	−0.209%	$3.0M	$10.0M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2115	−0.184%	$245K	$6.9M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2116	−0.142%	$350K	$5.0M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2115	−0.189%	$20K	$650K	50x	as long as short
Polymarket Perps ENA-USDshort	+0.0100%	1h	0.2119	+0.014%	$179K	$2.3M	10x
SunX ENA-USDT	+0.0100%	4h	0.2070	−2.331%	$1K	$849K	20x	as long as short
SoDEX ENA-USDlong	+0.0100%	1h	0.2119	long leg	$4K	$7K	10x
HTX ENA-USDT	+0.0100%	4h	0.2129	+0.448%	$275K	$796K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2120	+0.047%	$1.8M	$8.8M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2119	+0.008%	$1.6M	$4.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2121	+0.092%	$74K	$4K	3x	as long as short
Hyperliquid ENA	+0.0141%	1h	0.2123	+0.170%	$115.6M	$75.1M	10x	as long as short
Lighter ENA	+0.0168%	1h	0.2122	+0.151%	$5.3M	$13.5M	10x	as long as short
dYdX ENA-USD	+0.0172%	1h	0.2119	−0.006%	$140K	$15K	5x	as long as short
Kraken Futures PF_ENAUSD	+0.0242%	1h	0.2122	+0.122%	$2.6M	$4.3M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0306% / S −0.0358%	1h	0.2122	+0.126%	$70K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2121	+0.076%	$5.6M	$3.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2117	−0.078%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0632%	1h	0.2128	+0.429%	$870K	$1.7M	50x	as long as short