Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0326%/8h= −35.7% APRpaid last 24h −0.644%

Price spread now: SunX against dYdX−2.263%7-day average −2.361% · you buy dearer than you sell

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

Long on dYdX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−1.059%−$106 on $10k

Price spread, last 4 days (all we have)+0.086%+$9 · spread now −2.263%, 7d avg −2.361%

Together, before fees−0.972%−$97 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.098% dearer against dYdX than usual: you sell high and buy low (spread −2.263% now, against its 7-day average of −2.361%): +$10 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 24 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ENA-USD	0.2100	0.0426	pay 0.0053% / 1h	48m 41s	$139K	$15K	5x
Short	SunX ENA-USDT	0.2052	0.0100	get 0.0050% / 4h	2h 48m	$1K	$867K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against dYdX. 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 dYdXbpFee SunXbpOrdersPrice spread, now −2.263%Rate

Funding earned: −$68.56
Price spread: −2.263% → −2.361%: $9.78
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$76.77
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: dYdX: live order book, 65 min ago; SunX: live order book, 24 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 dYdX live order book, 65 min ago	50.64 bp	55.6 bp −$56	314.7 bp −$3,147	692.6 bp −$69.3K	1581.0 bp −$790.5K
Sell SunX live order book, 24 min ago	258.76 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
ApeX Omni ENAUSDT	−0.0291%	1h	0.2103	+0.142%	$20K	$649K	50x	as long as short
Orderly PERP_ENA_USDC	−0.0138%	4h	0.2102	+0.080%	$44K	$25K	10x	as long as short
Gate ENA_USDT	−0.0046%	4h	0.2102	+0.113%	$10.9M	$23.4M	50x	as long as short
01 Exchange ENAUSD	−0.0032%	1h	0.2105	+0.237%	$4K	$277	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2102	+0.099%	$73K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2103	+0.125%	$82K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+1.113%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2104	+0.190%	$56K	$466K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2101	+0.034%	$47K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2103	+0.152%	$652K	$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	0.2102	+0.104%	$113.7M	$74.2M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2105	+0.215%	$1.4M	$3.2M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2102	+0.106%	$395K	$522K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2104	+0.194%	$127.9M	$416.2M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2104	+0.171%	$85.3M	$175.3M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2105	+0.218%	$21.0M	$103.7M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2099	−0.058%	$22K	$320K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2105	+0.237%	$78K	$276K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2096	−0.168%	$92K	−$0	10x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2103	+0.152%	$45.4M	$40.6M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2105	+0.256%	$24.9M	$15.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2103	+0.161%	$47.9M	$57.9M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2104	+0.166%	—	$31.4M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2102	+0.084%	$3.0M	$10.0M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2093	−0.324%	$238K	$6.8M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2102	+0.111%	$355K	$5.0M	10x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2103	+0.147%	$188K	$2.4M	10x	as long as short
SunX ENA-USDTshort	+0.0100%	4h	0.2052	−2.263%	$1K	$867K	20x
SoDEX ENA-USD	+0.0100%	1h	0.2101	+0.047%	$3K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2105	+0.252%	$274K	$777K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2101	+0.047%	$1.7M	$8.9M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2104	+0.177%	$1.6M	$4.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2102	+0.096%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0153%	1h	0.2104	+0.175%	$8K	$278K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0163%	1h	0.2104	+0.184%	$2.6M	$4.3M	50x	as long as short
Lighter ENA	+0.0248%	1h	0.2103	+0.147%	$5.2M	$13.0M	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0306% / S −0.0358%	1h	0.2103	+0.142%	$70K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2103	+0.123%	$5.5M	$3.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2102	+0.111%	$1K	$5K	15x	as long as short
dYdX ENA-USDlong	+0.0426%	1h	0.2100	long leg	$139K	$15K	5x
Backpack ENA_USDC_PERP	+0.0551%	1h	0.2102	+0.094%	$358K	$400K	5x	as long as short
Coinbase International ENA-PERP-INTX	+0.0704%	1h	0.2100	−0.001%	$860K	$1.7M	50x	as long as short