Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%

Price spread now: Nado against SunX+2.412%7-day average +2.379% · you sell dearer than you buy

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

Long on SunX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.018%+$2 on $10k

Price spread, last 3 days (all we have)−0.502%−$50 · spread now +2.412%, 7d avg +2.379%

Together, before fees−0.484%+ Points / potential airdropNado: Active · farm board−$48 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: Nado is 0.033% dearer against SunX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +2.379%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ENA-USDT	0.2034	0.0100	pay 0.0050% / 4h	2h 00m	$1K	$813K	20x
Short	Nado ENA-PERP	0.2083	0.0100	get 0.0013% / 1h	0m 17s	$653K	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +2.412%Rate

Funding earned: $0
Price spread: +2.412% → +2.379%: $3.28
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$11.72
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 12 min ago; Nado: 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 SunX live order book, 12 min ago	258.49 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 3 min ago	0.96 bp	8.6 bp −$9	19.4 bp −$194	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	−0.0284%	1h	0.2081	+2.346%	$359K	$487K	5x	as long as short
Orderly PERP_ENA_USDC	−0.0079%	4h	0.2085	+2.523%	$40K	$24K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2085	+2.532%	$92K	$1.8M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2084	+2.492%	$96K	—	150x	as long as short
01 Exchange ENAUSD	+0.0008%	1h	0.2084	+2.483%	$4K	$432	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+4.416%	$522	$57K	5.5x	as long as short
Phoenix ENA	+0.0076%	1h	0.2080	+2.296%	$5K	$394K	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2084	+2.478%	$59K	$538K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2083	+2.434%	$47K	$221	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2085	+2.508%	$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	0.2083	+2.449%	$403K	$592K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2085	+2.513%	$128.2M	$465.1M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2084	+2.473%	$86.6M	$193.7M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2085	+2.523%	$20.1M	$113.1M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2080	+2.296%	$20K	$411K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2084	+2.478%	$81K	$223K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2084	+2.464%	$10.4M	$21.8M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2084	+2.488%	$45.1M	$49.6M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2085	+2.542%	$23.8M	$16.7M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2083	+2.419%	$47.1M	$65.8M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2084	+2.488%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2082	+2.384%	$3.8M	$10.4M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2083	+2.439%	$247K	$7.9M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2080	+2.261%	$353K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2079	+2.232%	$31K	$712K	50x	as long as short
Nado ENA-PERPshort	+0.0100%	1h	0.2083	+2.412%	$653K	$1.8M	10x
Polymarket Perps ENA-USD	+0.0100%	1h	0.2085	+2.528%	$188K	$2.8M	10x	as long as short
SunX ENA-USDTlong	+0.0100%	4h	0.2034	long leg	$1K	$813K	20x
SoDEX ENA-USD	+0.0100%	1h	0.2084	+2.478%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2085	+2.532%	$270K	$1.5M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2084	+2.478%	$1.9M	$9.2M	50x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2083	+2.453%	$88K	$2K	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2085	+2.528%	$77K	$11K	3x	as long as short
Kraken Futures PF_ENAUSD	+0.0105%	1h	0.2084	+2.494%	$2.6M	$5.8M	50x	as long as short
Extended ENA-USD	+0.0192%	1h	0.2083	+2.424%	$1.6M	$4.2M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0216% / S −0.0165%	1h	0.2084	+2.499%	$50K	—	100x	as long as short
Lighter ENA	+0.0320%	1h	0.2086	+2.582%	$5.6M	$13.2M	10x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2083	+2.429%	$5.5M	$8.1M	75x	as long as short
Hyperliquid ENA	+0.0344%	1h	0.2087	+2.636%	$110.0M	$80.2M	10x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2084	+2.476%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0536%	1h	0.2086	+2.557%	$797K	$2.1M	50x	as long as short
dYdX ENA-USD	+0.4898%	1h	0.2082	+2.391%	$138K	$15K	5x	as long as short