Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: OKX against SunX+2.507%7-day average +2.368% · you sell dearer than you buy

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

Long on SunX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.070%−$7 on $10k

Price spread, last 4 days (all we have)−0.319%−$32 · spread now +2.507%, 7d avg +2.368%

Together, before fees−0.389%−$39 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: OKX is 0.139% dearer against SunX than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +2.368%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ENA-USDT	0.2090	0.0100	pay 0.0050% / 4h	1h 45m	$1K	$898K	20x
Short	OKX ENA-USDT-SWAP	0.2142	0.0100	get 0.0050% / 4h	1h 45m	$21.4M	$109.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +2.507%Rate

Funding earned: $0
Price spread: +2.507% → +2.368%: $13.88
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$4.12
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 17 min ago; OKX: live order book, 4 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, 17 min ago	258.54 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	0.23 bp	10.8 bp −$11	21.2 bp −$212	doesn't fit	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
Orderly PERP_ENA_USDC	−0.0133%	4h	0.2145	+2.641%	$45K	$26K	10x	as long as short
01 Exchange ENAUSD	−0.0008%	1h	0.2143	+2.541%	$4K	$277	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2146	+2.699%	$67K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2146	+2.686%	$83K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+1.598%	$522	$57K	5.5x	as long as short
dYdX ENA-USD	+0.0043%	1h	0.2142	+2.470%	$141K	$16K	5x	as long as short
Lighter ENA	+0.0096%	1h	0.2148	+2.780%	$5.1M	$13.3M	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2146	+2.679%	$57K	$484K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2146	+2.666%	$568K	$1.8M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2149	+2.799%	$115.8M	$76.6M	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	0.2144	+2.607%	$1.4M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2141	+2.446%	$404K	$540K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2144	+2.593%	$129.4M	$428.8M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2141	+2.445%	$85.7M	$181.6M	50x	as long as short
OKX ENA-USDT-SWAPshort	+0.0100%	4h	0.2142	+2.507%	$21.4M	$109.4M	50x
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2140	+2.392%	$20K	$319K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2141	+2.440%	$79K	$281K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2148	+2.788%	$94K	$511	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2148	+2.756%	$12.4M	$26.0M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2149	+2.823%	$48.6M	$42.2M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2147	+2.708%	$24.8M	$15.8M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2146	+2.679%	$48.8M	$60.2M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2147	+2.732%	—	$31.6M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2139	+2.343%	$3.1M	$10.2M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2141	+2.455%	$256K	$7.1M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2141	+2.450%	$358K	$5.1M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2142	+2.488%	$19K	$649K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2147	+2.732%	$188K	$2.6M	10x	as long as short
SunX ENA-USDTlong	+0.0100%	4h	0.2090	long leg	$1K	$898K	20x
SoDEX ENA-USD	+0.0100%	1h	0.2146	+2.679%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2148	+2.775%	$269K	$824K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2147	+2.727%	$1.8M	$8.9M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2140	+2.414%	$48K	$110	10x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2145	+2.647%	$1.6M	$4.3M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2146	+2.663%	$75K	$4K	3x	as long as short
Phoenix ENA	+0.0110%	1h	0.2142	+2.498%	$8K	$276K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0308% / S −0.0753%	1h	0.2146	+2.683%	$59K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2145	+2.617%	$5.7M	$3.2M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2145	+2.608%	$1K	$5K	15x	as long as short
Kraken Futures PF_ENAUSD	+0.0439%	1h	0.2148	+2.754%	$2.7M	$4.3M	50x	as long as short
Coinbase International ENA-PERP-INTX	+0.0616%	1h	0.2149	+2.837%	$887K	$1.8M	50x	as long as short
Backpack ENA_USDC_PERP	+0.0637%	1h	0.2149	+2.809%	$393K	$432K	5x	as long as short