Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against SunX+2.283%7-day average +2.420% · you sell dearer than you buy

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

Long on SunX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 3 days (all we have)−0.116%−$12 · spread now +2.283%, 7d avg +2.420%

Together, before fees−0.119%−$12 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: ApeX Omni is 0.137% cheaper against SunX than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +2.420%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ENA-USDT	0.2068	0.0100	pay 0.0050% / 4h	1h 55m	$1K	$841K	20x
Short	ApeX Omni ENAUSDT	0.2115	0.0100	get 0.0013% / 1h	55m 10s	$32K	$646K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now +2.283%Rate

Funding earned: $0
Price spread: +2.283% → +2.420%: −$13.72
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$31.72
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 47 min ago; ApeX Omni: live order book, 8 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, 47 min ago	251.90 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 8 min ago	9.40 bp	18.6 bp −$19	147.5 bp −$1,475	doesn't fit	doesn't fit

ENA on 41 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
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2117	+2.394%	$79K	$1.3M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2118	+2.424%	$87K	—	150x	as long as short
Orderly PERP_ENA_USDC	+0.0026%	4h	0.2116	+2.331%	$44K	$27K	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+2.689%	$522	$57K	5.5x	as long as short
01 Exchange ENAUSD	+0.0040%	1h	0.2119	+2.486%	$4K	$302	10x	as long as short
dYdX ENA-USD	+0.0073%	1h	0.2119	+2.492%	$140K	$15K	5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2117	+2.379%	$54K	$501K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2118	+2.423%	$684K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2119	+2.462%	$113.9M	$71.7M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2119	+2.489%	$1.5M	$3.3M	50x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ENA	+0.0100%	1h	0.2119	+2.487%	$414K	$519K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2119	+2.486%	$130.4M	$427.5M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2119	+2.462%	$86.7M	$178.2M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2120	+2.534%	$20.8M	$104.0M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2121	+2.553%	$19K	$383K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2119	+2.476%	$78K	$288K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2117	+2.379%	$93K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2118	+2.408%	$11.1M	$21.1M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2120	+2.510%	$45.5M	$41.6M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2119	+2.495%	$24.6M	$15.8M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2116	+2.316%	$48.2M	$58.4M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2118	+2.408%	—	$32.4M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2128	+2.911%	$3.8M	$9.9M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2115	+2.283%	$247K	$7.4M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2114	+2.243%	$360K	$4.8M	10x	as long as short
ApeX Omni ENAUSDTshort	+0.0100%	1h	0.2115	+2.283%	$32K	$646K	50x
Polymarket Perps ENA-USD	+0.0100%	1h	0.2118	+2.428%	$182K	$2.3M	10x	as long as short
SunX ENA-USDTlong	+0.0100%	4h	0.2068	long leg	$1K	$841K	20x
SoDEX ENA-USD	+0.0100%	1h	0.2118	+2.428%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2123	+2.665%	$276K	$787K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2118	+2.428%	$1.8M	$8.8M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2118	+2.421%	$47K	$110	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2117	+2.404%	$74K	$4K	3x	as long as short
Extended ENA-USD	+0.0136%	1h	0.2117	+2.380%	$1.6M	$4.1M	50x	as long as short
Lighter ENA	+0.0152%	1h	0.2122	+2.611%	$5.5M	$13.6M	10x	as long as short
Phoenix ENA	+0.0188%	1h	0.2121	+2.568%	$7K	$298K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0251% / S −0.0206%	1h	0.2118	+2.439%	$50K	—	100x	as long as short
Kraken Futures PF_ENAUSD	+0.0284%	1h	0.2119	+2.481%	$2.7M	$4.3M	50x	as long as short
Backpack ENA_USDC_PERP	+0.0342%	1h	0.2126	+2.815%	$382K	$362K	5x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2117	+2.358%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0664%	1h	0.2131	+3.071%	$838K	$1.6M	50x	as long as short