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 −0.001%

Price spread now: OKX against SunX+2.270%7-day average +2.363% · you sell dearer than you buy

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

Long on SunX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.076%−$8 on $10k

Price spread, last 4 days (all we have)−0.926%−$93 · spread now +2.270%, 7d avg +2.363%

Together, before fees−1.003%−$100 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: OKX is 0.094% cheaper against SunX than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +2.363%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ENA-USDT	0.2053	0.0100	pay 0.0050% / 4h	1h 07m	$936	$838K	20x
Short	OKX ENA-USDT-SWAP	0.2100	0.0100	get 0.0050% / 4h	1h 07m	$20.7M	$101.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +2.270%Rate

Funding earned: $0
Price spread: +2.270% → +2.363%: −$9.36
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$27.36
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 25 min ago; OKX: 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, 25 min ago	258.55 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	0.24 bp	8.0 bp −$8	21.3 bp −$213	89.5 bp −$8,948	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
Orderly PERP_ENA_USDC	−0.0039%	4h	0.2104	+2.465%	$44K	$25K	10x	as long as short
01 Exchange ENAUSD	−0.0008%	1h	0.2103	+2.416%	$4K	$302	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2105	+2.547%	$78K	$1.3M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2106	+2.577%	$82K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+3.424%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2104	+2.479%	$55K	$498K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2104	+2.467%	$660K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2102	+2.406%	$113.2M	$71.6M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2103	+2.408%	$1.5M	$2.9M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2100	+2.285%	$410K	$501K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ENAUSDT	+0.0100%	4h	0.2101	+2.315%	$128.5M	$415.4M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2098	+2.197%	$85.6M	$174.9M	50x	as long as short
OKX ENA-USDT-SWAPshort	+0.0100%	4h	0.2100	+2.270%	$20.7M	$101.6M	50x
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2112	+2.844%	$19K	$325K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2099	+2.236%	$78K	$275K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2120	+3.258%	$93K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2102	+2.362%	$11.0M	$21.6M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2099	+2.221%	$45.6M	$42.3M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2099	+2.211%	$24.5M	$15.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2097	+2.124%	$47.7M	$57.3M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2099	+2.236%	—	$6.5M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2104	+2.504%	$373K	$360K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2112	+2.890%	$3.4M	$9.9M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2112	+2.864%	$244K	$7.0M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2114	+2.957%	$356K	$4.9M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2119	+3.210%	$22K	$651K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2105	+2.538%	$187K	$2.3M	10x	as long as short
SunX ENA-USDTlong	+0.0100%	4h	0.2053	long leg	$936	$838K	20x
SoDEX ENA-USD	+0.0100%	1h	0.2104	+2.479%	$3K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2108	+2.669%	$272K	$786K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2104	+2.479%	$1.8M	$8.8M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2100	+2.293%	$47K	$110	10x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2101	+2.332%	$1.6M	$4.1M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2104	+2.471%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0150%	1h	0.2119	+3.200%	$8K	$298K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0253% / S −0.0213%	1h	0.2106	+2.566%	$51K	—	100x	as long as short
Lighter ENA	+0.0280%	1h	0.2102	+2.377%	$5.3M	$13.9M	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0286%	1h	0.2105	+2.552%	$2.6M	$4.2M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2107	+2.645%	$5.6M	$3.1M	75x	as long as short
dYdX ENA-USD	+0.0394%	1h	0.2099	+2.260%	$139K	$15K	5x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2105	+2.516%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0664%	1h	0.2115	+3.034%	$832K	$1.5M	50x	as long as short