Funding arb · Price arb /

ENA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.019%

Price spread now: 01 Exchange against SunX+2.502%7-day average — · you sell dearer than you buy

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

Long on SunX Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. 01 Exchange is 2.502% dearer against SunX than usual: you sell high and buy low (spread +2.502% now, against zero (this spread has no 7-day history yet)): +$250 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3 months.

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 48m	$1K	$898K	20x
Short	01 Exchange ENAUSD	0.2143	0	get 0.0000% / 1h	48m 50s	$4K	$277	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +2.502%Rate

Funding earned: −$21
Price spread: +2.502% → 0.000%: $250.19
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $214.19
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: SunX: live order book, 13 min ago; 01 Exchange: no order-book sample. 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, 13 min ago	258.54 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0137%	4h	0.2141	+2.416%	$44K	$26K	10x	as long as short
01 Exchange ENAUSDshort	0.0000%	1h	0.2143	+2.502%	$4K	$277	10x
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2142	+2.473%	$66K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2142	+2.468%	$82K	—	150x	as long as short
dYdX ENA-USD	+0.0010%	1h	0.2142	+2.486%	$142K	$16K	5x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+1.579%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2142	+2.468%	$57K	$481K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2145	+2.605%	$568K	$1.8M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2144	+2.583%	$115.7M	$76.5M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2144	+2.564%	$1.4M	$3.3M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ENA	+0.0100%	1h	0.2143	+2.516%	$405K	$540K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2144	+2.550%	$129.4M	$428.4M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2143	+2.497%	$85.7M	$181.5M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2143	+2.511%	$21.5M	$109.2M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2142	+2.492%	$20K	$320K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2141	+2.421%	$79K	$281K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2148	+2.768%	$94K	$511	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2143	+2.521%	$12.3M	$25.9M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2144	+2.555%	$48.5M	$42.1M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2144	+2.578%	$24.8M	$15.9M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2141	+2.435%	$48.7M	$60.1M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2143	+2.526%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2149	+2.817%	$3.1M	$10.2M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2149	+2.815%	$255K	$7.1M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2148	+2.755%	$355K	$5.0M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2149	+2.803%	$19K	$650K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2141	+2.421%	$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	0.2142	+2.468%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2145	+2.626%	$268K	$824K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2142	+2.468%	$1.8M	$8.9M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2142	+2.459%	$48K	$110	10x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2143	+2.515%	$1.6M	$4.3M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2142	+2.445%	$75K	$4K	3x	as long as short
Phoenix ENA	+0.0110%	1h	0.2147	+2.712%	$8K	$276K	10x	as long as short
Lighter ENA	+0.0168%	1h	0.2144	+2.569%	$5.1M	$13.3M	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0308% / S −0.0753%	1h	0.2141	+2.442%	$59K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2142	+2.478%	$5.7M	$3.2M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2141	+2.402%	$1K	$5K	15x	as long as short
Kraken Futures PF_ENAUSD	+0.0440%	1h	0.2143	+2.529%	$2.6M	$4.3M	50x	as long as short
Backpack ENA_USDC_PERP	+0.0614%	1h	0.2145	+2.607%	$392K	$432K	5x	as long as short
Coinbase International ENA-PERP-INTX	+0.0616%	1h	0.2146	+2.655%	$876K	$1.8M	50x	as long as short