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% APRpaid last 24h 0.000%

Price spread now: Polymarket Perps against SunX+2.549%7-day average +2.405% · you sell dearer than you buy

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

Long on SunX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.237%−$24 on $10k

Price spread, last 4 days (all we have)−0.580%−$58 · spread now +2.549%, 7d avg +2.405%

Together, before fees−0.817%−$82 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: Polymarket Perps is 0.144% dearer against SunX than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +2.405%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ENA-USDT	0.2067	0.0100	pay 0.0050% / 4h	20m 45s	$1K	$848K	20x
Short	Polymarket Perps ENA-USD	0.2120	0.0100	get 0.0013% / 1h	20m 45s	$183K	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +2.549%Rate

Funding earned: $0
Price spread: +2.549% → +2.405%: $14.4
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$1.6
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 72 min ago; Polymarket Perps: live order book, 3 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, 72 min ago	258.55 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 3 min ago	2.83 bp	6.8 bp −$7	7.9 bp −$79	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
Backpack ENA_USDC_PERP	−0.0173%	1h	0.2120	+2.578%	$364K	$397K	5x	as long as short
01 Exchange ENAUSD	−0.0072%	1h	0.2118	+2.457%	$4K	$302	10x	as long as short
Orderly PERP_ENA_USDC	−0.0069%	4h	0.2118	+2.477%	$44K	$25K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2119	+2.515%	$79K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2119	+2.488%	$82K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+2.719%	$522	$57K	5.5x	as long as short
Phoenix ENA	+0.0076%	1h	0.2119	+2.482%	$8K	$266K	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2118	+2.457%	$56K	$475K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2118	+2.474%	$47K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2117	+2.421%	$657K	$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
Hyperliquid ENA	+0.0100%	1h	0.2125	+2.811%	$115.8M	$75.1M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2120	+2.577%	$1.5M	$2.9M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2122	+2.660%	$406K	$516K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2121	+2.616%	$129.2M	$416.4M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2121	+2.588%	$85.7M	$175.3M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2121	+2.603%	$20.9M	$103.8M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2118	+2.462%	$18K	$317K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2118	+2.457%	$79K	$276K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2117	+2.385%	$93K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2121	+2.583%	$11.2M	$22.1M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2121	+2.593%	$46.2M	$41.5M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2121	+2.603%	$24.7M	$15.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2120	+2.559%	$48.2M	$57.5M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2121	+2.598%	—	$32.3M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2118	+2.460%	$3.1M	$10.0M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2118	+2.462%	$245K	$6.9M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2118	+2.451%	$350K	$5.0M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2118	+2.457%	$20K	$647K	50x	as long as short
Polymarket Perps ENA-USDshort	+0.0100%	1h	0.2120	+2.549%	$183K	$2.3M	10x
SunX ENA-USDTlong	+0.0100%	4h	0.2067	long leg	$1K	$848K	20x
SoDEX ENA-USD	+0.0100%	1h	0.2119	+2.506%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2121	+2.612%	$274K	$797K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2119	+2.506%	$1.8M	$8.8M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2120	+2.566%	$1.6M	$4.1M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2119	+2.507%	$74K	$4K	3x	as long as short
Lighter ENA	+0.0128%	1h	0.2124	+2.757%	$5.3M	$13.5M	10x	as long as short
dYdX ENA-USD	+0.0131%	1h	0.2121	+2.612%	$140K	$15K	5x	as long as short
Kraken Futures PF_ENAUSD	+0.0242%	1h	0.2120	+2.558%	$2.6M	$4.3M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0291% / S −0.0316%	1h	0.2119	+2.493%	$65K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2120	+2.545%	$5.5M	$3.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2119	+2.500%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0632%	1h	0.2127	+2.888%	$869K	$1.7M	50x	as long as short