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: MEXC against SunX+2.550%7-day average +2.367% · you sell dearer than you buy

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

Long on SunX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.039%−$4 on $10k

Price spread, last 3 days (all we have)−0.363%−$36 · spread now +2.550%, 7d avg +2.367%

Together, before fees−0.402%−$40 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: MEXC is 0.183% dearer against SunX than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of +2.367%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ENA-USDT	0.2039	0.0100	pay 0.0050% / 4h	1h 48m	$961	$813K	20x
Short	MEXC ENA_USDT	0.2091	0.0100	get 0.0050% / 4h	1h 48m	$45.0M	$46.6M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +2.550%Rate

Funding earned: $0
Price spread: +2.550% → +2.367%: $18.29
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee MEXC: 0 bp × 2 orders: $0
Net: $10.29
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: SunX: live order book, 23 min ago; MEXC: live order book, 5 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, 23 min ago	258.49 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	0.24 bp	0.7 bp −$1	5.3 bp −$53	33.5 bp −$3,348	63.7 bp −$31.8K

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	−0.0076%	4h	0.2089	+2.438%	$40K	$24K	10x	as long as short
Backpack ENA_USDC_PERP	−0.0074%	1h	0.2090	+2.526%	$361K	$484K	5x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2090	+2.492%	$92K	$1.8M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2089	+2.472%	$96K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+4.144%	$522	$57K	5.5x	as long as short
Kraken Futures PF_ENAUSD	+0.0066%	1h	0.2089	+2.481%	$2.6M	$5.6M	50x	as long as short
01 Exchange ENAUSD	+0.0080%	1h	0.2091	+2.560%	$4K	$432	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2090	+2.506%	$59K	$538K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2089	+2.476%	$47K	$221	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2090	+2.519%	$655K	$1.8M	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	0.2091	+2.544%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2091	+2.560%	$404K	$582K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2090	+2.528%	$128.7M	$462.2M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2090	+2.496%	$86.9M	$192.7M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2091	+2.536%	$20.2M	$112.7M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2089	+2.482%	$20K	$412K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2091	+2.555%	$82K	$223K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2090	+2.510%	$88K	$1K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2090	+2.511%	$10.4M	$21.2M	50x	as long as short
MEXC ENA_USDTshort	+0.0100%	4h	0.2091	+2.550%	$45.0M	$46.6M	200x
KuCoin ENAUSDTM	+0.0100%	4h	0.2092	+2.595%	$23.9M	$16.7M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2089	+2.472%	$47.3M	$65.4M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2090	+2.516%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2088	+2.431%	$3.8M	$10.4M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2090	+2.493%	$248K	$7.8M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2089	+2.457%	$353K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2091	+2.555%	$32K	$712K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2090	+2.516%	$188K	$2.8M	10x	as long as short
SunX ENA-USDTlong	+0.0100%	4h	0.2039	long leg	$961	$813K	20x
SoDEX ENA-USD	+0.0100%	1h	0.2089	+2.457%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2099	+2.943%	$271K	$1.5M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2088	+2.408%	$1.9M	$9.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2089	+2.482%	$77K	$11K	3x	as long as short
Phoenix ENA	+0.0115%	1h	0.2092	+2.604%	$5K	$356K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0220% / S −0.0363%	1h	0.2089	+2.437%	$38K	—	100x	as long as short
Extended ENA-USD	+0.0232%	1h	0.2089	+2.479%	$1.6M	$4.2M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2089	+2.452%	$5.5M	$8.1M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2089	+2.448%	$1K	$5K	15x	as long as short
Lighter ENA	+0.0432%	1h	0.2093	+2.673%	$5.6M	$12.9M	10x	as long as short
Hyperliquid ENA	+0.0527%	1h	0.2093	+2.677%	$110.2M	$79.7M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0576%	1h	0.2094	+2.717%	$801K	$2.1M	50x	as long as short
dYdX ENA-USD	+0.1845%	1h	0.2091	+2.538%	$138K	$15K	5x	as long as short