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: edgeX against SunX+2.719%74s7-day average +2.401% · you sell dearer than you buy

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

Long on SunX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.633%−$63 · spread now +2.719%, 7d avg +2.401%

Together, before fees−0.633%+ Points / potential airdropedgeX: Active · farm board−$63 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: edgeX is 0.318% dearer against SunX than usual: you sell high and buy low, +$32 on $10k if it goes back to its 7-day average of +2.401%. The two prices were read 74 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	SunX ENA-USDT	0.2072	0.0100	pay 0.0050% / 4h	1h 57m	$1K	$843K	20x
Short	edgeX ENAUSDC	0.2128	0.0100	get 0.0050% / 4h	1h 57m	$249K	$7.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +2.719%Rate

Funding earned: $0
Price spread: +2.719% → +2.401%: $31.83
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $14.83
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: SunX: live order book, 44 min ago; edgeX: live order book, 1 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, 44 min ago	251.90 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 1 min ago	9.42 bp	13.9 bp −$14	15.4 bp −$154	46.4 bp −$4,637	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
dYdX ENA-USD	0.0000%	1h	0.2124	+2.503%	$140K	$15K	5x	as long as short
01 Exchange ENAUSD	0.0000%	1h	0.2122	+2.413%	$4K	$302	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2122	+2.408%	$79K	$1.3M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2122	+2.385%	$87K	—	150x	as long as short
Orderly PERP_ENA_USDC	+0.0029%	4h	0.2121	+2.345%	$44K	$27K	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+2.476%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2122	+2.408%	$54K	$505K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2121	+2.382%	$685K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2121	+2.360%	$114.0M	$71.6M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2120	+2.321%	$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	0.2123	+2.468%	$415K	$519K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2118	+2.215%	$130.3M	$429.2M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2118	+2.196%	$86.7M	$178.8M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2118	+2.220%	$20.8M	$104.1M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2127	+2.645%	$19K	$384K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2123	+2.456%	$78K	$288K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2109	+1.805%	$93K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2118	+2.196%	$11.0M	$21.1M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2118	+2.215%	$45.5M	$41.6M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2119	+2.278%	$24.6M	$15.9M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2115	+2.080%	$48.2M	$58.6M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2118	+2.196%	—	$32.4M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2129	+2.726%	$3.8M	$10.0M	—	as long as short
edgeX ENAUSDCshort	+0.0100%	4h	0.2128	+2.719%	$249K	$7.5M	20x
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2124	+2.514%	$361K	$4.9M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2130	+2.794%	$32K	$649K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2123	+2.452%	$183K	$2.3M	10x	as long as short
SunX ENA-USDTlong	+0.0100%	4h	0.2072	long leg	$1K	$843K	20x
SoDEX ENA-USD	+0.0100%	1h	0.2121	+2.360%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2129	+2.722%	$277K	$788K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2120	+2.312%	$1.9M	$9.0M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2123	+2.476%	$48K	$110	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2122	+2.413%	$74K	$4K	3x	as long as short
Extended ENA-USD	+0.0136%	1h	0.2117	+2.158%	$1.6M	$4.1M	50x	as long as short
Phoenix ENA	+0.0188%	1h	0.2122	+2.394%	$7K	$291K	10x	as long as short
Lighter ENA	+0.0208%	1h	0.2123	+2.476%	$5.5M	$13.6M	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0251% / S −0.0206%	1h	0.2122	+2.387%	$50K	—	100x	as long as short
Kraken Futures PF_ENAUSD	+0.0284%	1h	0.2122	+2.408%	$2.7M	$4.3M	50x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2120	+2.334%	$1K	$5K	15x	as long as short
Backpack ENA_USDC_PERP	+0.0526%	1h	0.2122	+2.394%	$382K	$362K	5x	as long as short
Coinbase International ENA-PERP-INTX	+0.0664%	1h	0.2131	+2.857%	$838K	$1.6M	50x	as long as short