Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against SunX+2.502%7-day average +2.350% · you sell dearer than you buy

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

Long on SunX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 3 days (all we have)−0.606%−$61 · spread now +2.502%, 7d avg +2.350%

Together, before fees−0.607%−$61 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: BingX is 0.152% dearer against SunX than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of +2.350%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ENA-USDT	0.2030	0.0100	pay 0.0050% / 4h	2h 05m	$947	$811K	20x
Short	BingX ENA-USDC	0.2081	0.0100	get 0.0050% / 4h	2h 05m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +2.502%Rate

Funding earned: $0
Price spread: +2.502% → +2.350%: $15.23
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$2.77
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 6 min ago; BingX: live order book, 14 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, 6 min ago	258.49 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 14 min ago	0.48 bp	9.2 bp −$9	28.1 bp −$281	70.2 bp −$7,024	465.0 bp −$232.5K

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	−0.0292%	1h	0.2083	+2.610%	$359K	$484K	5x	as long as short
Orderly PERP_ENA_USDC	−0.0079%	4h	0.2081	+2.512%	$41K	$23K	10x	as long as short
01 Exchange ENAUSD	0.0000%	1h	0.2081	+2.472%	$4K	$432	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2082	+2.556%	$92K	$1.8M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2081	+2.481%	$96K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+4.580%	$522	$57K	5.5x	as long as short
Phoenix ENA	+0.0076%	1h	0.2090	+2.935%	$5K	$394K	10x	as long as short
Gate ENA_USDT	+0.0090%	4h	0.2080	+2.453%	$10.4M	$21.8M	50x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2080	+2.443%	$59K	$538K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2080	+2.446%	$47K	$221	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado ENA-PERP	+0.0100%	1h	0.2080	+2.455%	$652K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2081	+2.470%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2081	+2.490%	$403K	$592K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2080	+2.461%	$128.0M	$464.9M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2080	+2.443%	$86.4M	$193.7M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2081	+2.487%	$20.1M	$112.8M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2088	+2.832%	$20K	$412K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2080	+2.443%	$81K	$223K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2087	+2.781%	$88K	$2K	10x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2080	+2.458%	$45.1M	$49.5M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2081	+2.502%	$23.8M	$16.7M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2078	+2.359%	$47.0M	$65.9M	75x	as long as short
BingX ENA-USDCshort	+0.0100%	4h	0.2081	+2.502%	—	$6.5M	—
Variational Omni ENA	+0.0100%	4h	0.2085	+2.714%	$3.8M	$10.4M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2091	+2.965%	$248K	$7.9M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2091	+2.988%	$349K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2090	+2.935%	$32K	$712K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2081	+2.487%	$191K	$2.8M	10x	as long as short
SunX ENA-USDTlong	+0.0100%	4h	0.2030	long leg	$947	$811K	20x
SoDEX ENA-USD	+0.0100%	1h	0.2082	+2.541%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2087	+2.778%	$271K	$1.5M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2082	+2.541%	$1.9M	$9.3M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2082	+2.545%	$76K	$11K	3x	as long as short
Kraken Futures PF_ENAUSD	+0.0105%	1h	0.2083	+2.594%	$2.6M	$5.8M	50x	as long as short
Extended ENA-USD	+0.0176%	1h	0.2080	+2.448%	$1.6M	$4.2M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0215% / S −0.0164%	1h	0.2080	+2.464%	$50K	—	100x	as long as short
Lighter ENA	+0.0304%	1h	0.2083	+2.600%	$5.6M	$13.2M	10x	as long as short
Hyperliquid ENA	+0.0338%	1h	0.2083	+2.591%	$109.8M	$80.2M	10x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2089	+2.866%	$5.5M	$8.1M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2080	+2.460%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0536%	1h	0.2082	+2.546%	$796K	$2.1M	50x	as long as short
dYdX ENA-USD	+0.5067%	1h	0.2081	+2.509%	$137K	$15K	5x	as long as short