Funding arb · Price arb /

ENA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Arcus against SunX+2.354%7-day average +2.410% · you sell dearer than you buy

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

Long on SunX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.001%$0 on $10k

Price spread, last 3 days (all we have)−0.062%−$6 · spread now +2.354%, 7d avg +2.410%

Together, before fees−0.064%−$6 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: Arcus is 0.056% cheaper against SunX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +2.410%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ENA-USDT	0.2082	0.0100	pay 0.0050% / 4h	2h 19m	$1K	$854K	20x
Short	Arcus ENA-USD	0.2131	0.0100	get 0.0013% / 1h	19m 47s	$79K	$289K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now +2.354%Rate

Funding earned: $0
Price spread: +2.354% → +2.410%: −$5.65
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$18.15
Costs to cover: 0.125%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 22 min ago; Arcus: live order book, 49 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, 22 min ago	251.90 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Arcus live order book, 49 min ago	6.91 bp	11.5 bp −$11	25.7 bp −$257	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	0.2133	+2.440%	$80K	$1.6M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2133	+2.471%	$92K	—	150x	as long as short
dYdX ENA-USD	+0.0013%	1h	0.2132	+2.381%	$141K	$15K	5x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+1.988%	$522	$57K	5.5x	as long as short
Orderly PERP_ENA_USDC	+0.0037%	4h	0.2133	+2.450%	$44K	$28K	10x	as long as short
01 Exchange ENAUSD	+0.0096%	1h	0.2132	+2.397%	$4K	$302	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2131	+2.354%	$55K	$518K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2131	+2.351%	$685K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2134	+2.514%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2131	+2.365%	$417K	$544K	10x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ENAUSDT	+0.0100%	4h	0.2133	+2.465%	$132.1M	$443.5M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2134	+2.488%	$87.5M	$186.4M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2134	+2.502%	$20.9M	$108.0M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2135	+2.560%	$19K	$402K	5x	as long as short
Arcus ENA-USDshort	+0.0100%	1h	0.2131	+2.354%	$79K	$289K	10x
Bulk ENA-USD	+0.0100%	1h	0.2135	+2.522%	$94K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2133	+2.464%	$11.0M	$21.6M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2134	+2.493%	$45.4M	$44.4M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2135	+2.570%	$24.8M	$16.4M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2133	+2.430%	$48.5M	$60.9M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2134	+2.474%	—	$6.5M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2135	+2.536%	$382K	$387K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2130	+2.327%	$3.8M	$10.2M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2131	+2.359%	$246K	$7.5M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2129	+2.257%	$352K	$4.8M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2129	+2.257%	$32K	$657K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2133	+2.469%	$184K	$2.4M	10x	as long as short
SunX ENA-USDTlong	+0.0100%	4h	0.2082	long leg	$1K	$854K	20x
SoDEX ENA-USD	+0.0100%	1h	0.2133	+2.450%	$4K	$10K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2135	+2.536%	$275K	$864K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2133	+2.450%	$1.9M	$9.2M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2130	+2.315%	$48K	$110	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2133	+2.432%	$75K	$4K	3x	as long as short
Phoenix ENA	+0.0188%	1h	0.2129	+2.262%	$7K	$351K	10x	as long as short
Extended ENA-USD	+0.0224%	1h	0.2133	+2.473%	$1.6M	$4.1M	50x	as long as short
Kraken Futures PF_ENAUSD	+0.0250%	1h	0.2134	+2.505%	$2.7M	$4.5M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0251% / S −0.0206%	1h	0.2133	+2.460%	$51K	—	100x	as long as short
Lighter ENA	+0.0392%	1h	0.2137	+2.618%	$5.5M	$13.7M	10x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2133	+2.432%	$1K	$5K	15x	as long as short
Hyperliquid ENA	+0.0493%	1h	0.2137	+2.637%	$115.4M	$72.5M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0648%	1h	0.2136	+2.589%	$837K	$1.7M	50x	as long as short