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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against MEXC−2.288%7-day average −2.368% · you buy dearer than you sell

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

Long on MEXC Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.028%+$3 on $10k

Price spread, last 3 days (all we have)+0.064%+$6 · spread now −2.288%, 7d avg −2.368%

Together, before fees+0.091%+$9 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 0.080% dearer against MEXC than usual: you sell high and buy low, +$8 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	MEXC ENA_USDT	0.2111	0.0100	pay 0.0050% / 4h	3h 49m	$45.9M	$44.0M	200x
Short	SunX ENA-USDT	0.2063	0.0100	get 0.0050% / 4h	3h 49m	$1K	$828K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against MEXC. 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 MEXCbpFee SunXbpOrdersPrice spread, now −2.288%Rate

Funding earned: $0
Price spread: −2.288% → −2.368%: $8.04
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: $0.04
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: MEXC: live order book, 10 min ago; SunX: 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 MEXC live order book, 10 min ago	0.23 bp	2.8 bp −$3	6.9 bp −$69	33.5 bp −$3,349	59.7 bp −$29.9K
Sell SunX live order book, 3 min ago	330.91 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
Backpack ENA_USDC_PERP	−0.0115%	1h	0.2113	+0.076%	$376K	$420K	5x	as long as short
Gate ENA_USDT	−0.0006%	4h	0.2111	−0.009%	$10.7M	$20.6M	50x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2112	+0.052%	$94K	$1.7M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2112	+0.014%	$96K	—	150x	as long as short
Orderly PERP_ENA_USDC	+0.0019%	4h	0.2111	−0.005%	$41K	$24K	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.568%	$522	$57K	5.5x	as long as short
dYdX ENA-USD	+0.0076%	1h	0.2111	−0.026%	$139K	$15K	5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2111	−0.019%	$63K	$525K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2113	+0.081%	$669K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2112	+0.012%	$1.5M	$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	0.2111	−0.009%	$409K	$555K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2113	+0.069%	$131.1M	$447.8M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2112	+0.047%	$88.8M	$187.7M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2112	+0.033%	$20.6M	$109.5M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2122	+0.512%	$15K	$394K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2112	+0.028%	$84K	$222K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2126	+0.691%	$90K	−$0	10x	as long as short
MEXC ENA_USDTlong	+0.0100%	4h	0.2111	long leg	$45.9M	$44.0M	200x
KuCoin ENAUSDTM	+0.0100%	4h	0.2113	+0.076%	$24.3M	$16.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2111	−0.033%	$47.9M	$62.8M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2112	+0.014%	—	$32.6M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2115	+0.181%	$3.9M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2120	+0.411%	$245K	$7.6M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2120	+0.393%	$353K	$4.7M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2116	+0.218%	$34K	$713K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2113	+0.081%	$180K	$2.4M	10x	as long as short
SunX ENA-USDTshort	+0.0100%	4h	0.2063	−2.288%	$1K	$828K	20x
SoDEX ENA-USD	+0.0100%	1h	0.2112	+0.028%	$4K	$11K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2114	+0.133%	$274K	$1.4M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2110	−0.082%	$47K	$221	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2112	+0.014%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0150%	1h	0.2114	+0.142%	$7K	$347K	10x	as long as short
01 Exchange ENAUSD	+0.0208%	1h	0.2113	+0.081%	$4K	$302	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0236%	1h	0.2114	+0.111%	$2.7M	$5.1M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0250% / S −0.0434%	1h	0.2111	−0.008%	$38K	—	100x	as long as short
Extended ENA-USD	+0.0256%	1h	0.2111	+0.001%	$1.6M	$4.3M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2114	+0.099%	$5.6M	$4.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2113	+0.060%	$1K	$5K	15x	as long as short
Phemex ENAUSDT	+0.0479%	4h	0.2112	+0.028%	$1.9M	$9.3M	50x	as long as short
Coinbase International ENA-PERP-INTX	+0.0608%	1h	0.2116	+0.237%	$836K	$1.9M	50x	as long as short
Lighter ENA	+0.0616%	1h	0.2114	+0.147%	$5.6M	$12.5M	10x	as long as short
Hyperliquid ENA	+0.0618%	1h	0.2115	+0.186%	$114.1M	$76.3M	10x	as long as short