Funding arb · Price arb /

ENA

all ENA markets

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: Binance against SunX+2.415%7-day average +2.372% · you sell dearer than you buy

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

Long on SunX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.027%−$3 on $10k

Price spread, last 3 days (all we have)−0.201%−$20 · spread now +2.415%, 7d avg +2.372%

Together, before fees−0.228%−$23 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: Binance is 0.042% dearer against SunX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +2.372%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ENA-USDT	0.2065	0.0100	pay 0.0050% / 4h	3h 34m	$863	$827K	20x
Short	Binance ENAUSDT	0.2115	0.0100	get 0.0050% / 4h	3h 34m	$131.2M	$443.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against SunX. 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 SunXbpFee BinancebpOrdersPrice spread, now +2.415%Rate

Funding earned: $0
Price spread: +2.415% → +2.372%: $4.23
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$13.77
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 18 min ago; Binance: live order book, 10 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 SunX live order book, 18 min ago	330.91 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 10 min ago	0.24 bp	6.9 bp −$7	13.2 bp −$132	56.5 bp −$5,654	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	−0.0004%	1h	0.2115	+2.436%	$377K	$415K	5x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2115	+2.407%	$81K	$1.7M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2115	+2.393%	$96K	—	150x	as long as short
Orderly PERP_ENA_USDC	+0.0027%	4h	0.2114	+2.382%	$41K	$23K	10x	as long as short
dYdX ENA-USD	+0.0031%	1h	0.2113	+2.322%	$140K	$15K	5x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+2.818%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2114	+2.363%	$62K	$520K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2113	+2.302%	$673K	$1.7M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2116	+2.455%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2113	+2.332%	$409K	$552K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ENAUSDTshort	+0.0100%	4h	0.2115	+2.415%	$131.2M	$443.9M	75x
Bybit ENAUSDT	+0.0100%	4h	0.2114	+2.373%	$88.9M	$185.6M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2114	+2.373%	$20.7M	$108.7M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2116	+2.440%	$15K	$399K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2115	+2.411%	$105K	$242K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2117	+2.484%	$89K	−$0	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2114	+2.358%	$10.8M	$20.8M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2115	+2.416%	$46.2M	$44.3M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2116	+2.450%	$24.3M	$16.5M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2114	+2.348%	$48.0M	$61.5M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2114	+2.387%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2115	+2.398%	$3.8M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2117	+2.531%	$247K	$7.5M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2117	+2.508%	$356K	$4.7M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2118	+2.557%	$34K	$686K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2115	+2.392%	$179K	$2.4M	10x	as long as short
SunX ENA-USDTlong	+0.0100%	4h	0.2065	long leg	$863	$827K	20x
SoDEX ENA-USD	+0.0100%	1h	0.2115	+2.411%	$4K	$10K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2121	+2.687%	$275K	$1.3M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2115	+2.411%	$1.9M	$9.4M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2112	+2.279%	$47K	$221	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2115	+2.411%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0150%	1h	0.2121	+2.692%	$7K	$347K	10x	as long as short
01 Exchange ENAUSD	+0.0224%	1h	0.2116	+2.445%	$4K	$302	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0236%	1h	0.2116	+2.461%	$2.7M	$5.1M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0250% / S −0.0434%	1h	0.2114	+2.381%	$38K	—	100x	as long as short
Extended ENA-USD	+0.0280%	1h	0.2114	+2.357%	$1.6M	$4.3M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2114	+2.382%	$5.6M	$2.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2114	+2.369%	$1K	$5K	15x	as long as short
Lighter ENA	+0.0600%	1h	0.2117	+2.523%	$5.6M	$12.6M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0608%	1h	0.2120	+2.644%	$837K	$1.8M	50x	as long as short
Hyperliquid ENA	+0.0705%	1h	0.2118	+2.542%	$114.2M	$75.3M	10x	as long as short