Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0284%/8h= −31.1% APRpaid last 24h −0.026%

Price spread now: 01 Exchange against SunX+2.433%7-day average — · you sell dearer than you buy

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

Long on SunX Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. 01 Exchange is 2.433% dearer against SunX than usual: you sell high and buy low (spread +2.433% now, against zero (this spread has no 7-day history yet)): +$243 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 29 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ENA-USDT	0.2051	0.0100	pay 0.0050% / 4h	1h 51m	$1K	$917K	20x
Short	01 Exchange ENAUSD	0.2101	−0.0184	pay 0.0023% / 1h	51m 29s	$4K	$60	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +2.433%Rate

Funding earned: −$59.64
Price spread: +2.433% → 0.000%: $243.33
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $168.69
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: SunX: live order book, 54 min ago; 01 Exchange: no order-book sample. 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, 54 min ago	257.42 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ENA on 42 exchanges

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
01 Exchange ENAUSDshort	−0.0184%	1h	0.2101	+2.433%	$4K	$60	10x
Orderly PERP_ENA_USDC	−0.0180%	4h	0.2100	+2.414%	$44K	$14K	10x	as long as short
Kraken Futures PF_ENAUSD	−0.0133%	1h	0.2102	+2.512%	$2.6M	$3.8M	50x	as long as short
Bitget ENAUSDT	−0.0044%	4h	0.2099	+2.341%	$47.3M	$55.8M	75x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2101	+2.463%	$104K	$1.2M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2102	+2.515%	$81K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2122	+3.472%	$734	$57K	5.5x	as long as short
Lighter ENA	+0.0096%	1h	0.2101	+2.438%	$4.9M	$12.4M	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2100	+2.404%	$57K	$389K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2099	+2.362%	$47K	—	10x	as long as short

Show all 42 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado ENA-PERP	+0.0100%	1h	0.2099	+2.370%	$584K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2101	+2.463%	$113.4M	$77.0M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2101	+2.470%	$1.3M	$3.2M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2100	+2.394%	$387K	$527K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2101	+2.453%	$126.2M	$405.9M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2100	+2.424%	$86.4M	$184.5M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2101	+2.458%	$20.8M	$99.1M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2111	+2.921%	$27K	$332K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2101	+2.453%	$78K	$235K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2112	+2.988%	$103K	$11K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2099	+2.375%	$13.7M	$26.5M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2100	+2.414%	$41.9M	$40.7M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2100	+2.428%	$24.9M	$15.1M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2100	+2.399%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2110	+2.892%	$3.0M	$8.0M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2105	+2.655%	$243K	$6.8M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2104	+2.599%	$356K	$4.4M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2104	+2.599%	$19K	$645K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2101	+2.443%	$166K	$2.6M	10x	as long as short
SunX ENA-USDTlong	+0.0100%	4h	0.2051	long leg	$1K	$917K	20x
SoDEX ENA-USD	+0.0100%	1h	0.2101	+2.453%	$6K	$5K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2106	+2.716%	$264K	$782K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2102	+2.502%	$1.9M	$8.9M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2100	+2.384%	$1.6M	$4.8M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2101	+2.437%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0113%	1h	0.2109	+2.819%	$13K	$278K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0305% / S −0.0756%	1h	0.2102	+2.492%	$58K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2103	+2.531%	$5.5M	$3.3M	75x	as long as short
Reya ENARUSDPERP	+0.0411%	1h	0.2100	+2.413%	$1K	—	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0480%	1h	0.2112	+2.984%	$778K	$1.8M	50x	as long as short
Backpack ENA_USDC_PERP	+0.0564%	1h	0.2102	+2.497%	$404K	$473K	5x	as long as short
dYdX ENA-USD	+0.1184%	1h	0.2100	+2.417%	$139K	$15K	5x	as long as short