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 +0.003%

Price spread now: SunX against Bybit−2.291%56s7-day average −2.333% · you buy dearer than you sell

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

Long on Bybit Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.067%+$7 on $10k

Price spread, last 4 days (all we have)+0.090%+$9 · spread now −2.291%, 7d avg −2.333%

Together, before fees+0.157%+$16 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: SunX is 0.042% dearer against Bybit than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −2.333%. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ENAUSDT	0.2104	0.0100	pay 0.0050% / 4h	1h 01m	$90.3M	$187.1M	50x
Short	SunX ENA-USDT	0.2055	0.0100	get 0.0050% / 4h	1h 01m	$1K	$903K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Bybit. 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 BybitbpFee SunXbpOrdersPrice spread, now −2.291%Rate

Funding earned: $0
Price spread: −2.291% → −2.333%: $4.21
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SunX: 4 bp × 2 orders: −$8
Net: −$14.79
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 3 min ago; SunX: live order book, 61 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 Bybit live order book, 3 min ago	0.24 bp	10.3 bp −$10	17.4 bp −$174	49.8 bp −$4,981	doesn't fit
Sell SunX live order book, 61 min ago	258.54 bp	doesn't fit	doesn't fit	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	−0.0099%	4h	0.2104	+0.043%	$44K	$26K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2105	+0.090%	$54K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2105	+0.086%	$81K	—	150x	as long as short
01 Exchange ENAUSD	+0.0008%	1h	0.2102	−0.057%	$4K	$277	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.941%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2102	−0.076%	$54K	$483K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2103	−0.014%	$47K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2103	−0.038%	$557K	$1.8M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2105	+0.048%	$113.7M	$75.5M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2105	+0.049%	$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	0.2104	+0.023%	$398K	$542K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2105	+0.067%	$127.5M	$426.4M	75x	as long as short
Bybit ENAUSDTlong	+0.0100%	4h	0.2104	long leg	$90.3M	$187.1M	50x
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2105	+0.086%	$21.1M	$107.1M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2097	−0.314%	$33K	$316K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2103	−0.029%	$78K	$281K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2122	+0.871%	$93K	$511	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2104	0.000%	$12.5M	$26.8M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2104	+0.005%	$38.1M	$43.6M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2104	+0.033%	$24.6M	$15.7M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2101	−0.105%	$47.6M	$59.7M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2104	+0.005%	—	$31.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2113	+0.441%	$3.1M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2103	−0.024%	$256K	$7.1M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2103	−0.029%	$348K	$4.9M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2108	+0.209%	$19K	$647K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2105	+0.048%	$182K	$2.6M	10x	as long as short
SunX ENA-USDTshort	+0.0100%	4h	0.2055	−2.291%	$1K	$903K	20x
SoDEX ENA-USD	+0.0100%	1h	0.2105	+0.067%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2110	+0.314%	$265K	$826K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2106	+0.114%	$1.8M	$8.8M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2102	−0.078%	$1.6M	$4.3M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2106	+0.115%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0110%	1h	0.2112	+0.404%	$8K	$276K	10x	as long as short
Lighter ENA	+0.0128%	1h	0.2106	+0.124%	$5.0M	$13.8M	10x	as long as short
Backpack ENA_USDC_PERP	+0.0172%	1h	0.2106	+0.095%	$388K	$456K	5x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0306% / S −0.0753%	1h	0.2106	+0.092%	$58K	—	100x	as long as short
dYdX ENA-USD	+0.0310%	1h	0.2105	+0.068%	$139K	$16K	5x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2102	−0.086%	$5.6M	$3.3M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2103	−0.021%	$1K	—	15x	as long as short
Kraken Futures PF_ENAUSD	+0.0448%	1h	0.2106	+0.092%	$2.6M	$4.4M	50x	as long as short
Coinbase International ENA-PERP-INTX	+0.0616%	1h	0.2105	+0.076%	$868K	$1.8M	50x	as long as short