Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Variational Omni−2.340%7-day average −2.371% · you buy dearer than you sell

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

Long on Variational Omni Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 3 days (all we have)+0.699%+$70 · spread now −2.340%, 7d avg −2.371%

Together, before fees+0.699%+ Points / potential airdropVariational Omni: Active · farm board+$70 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: SunX is 0.031% dearer against Variational Omni than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −2.371%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ENA	0.2085	0.0100	pay 0.0050% / 4h	2h 06m	$3.8M	$10.4M	—
Short	SunX ENA-USDT	0.2037	0.0100	get 0.0050% / 4h	2h 06m	$1K	$811K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Variational Omni. 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 Variational OmnibpFee SunXbpOrdersPrice spread, now −2.340%Rate

Funding earned: $0
Price spread: −2.340% → −2.371%: $3.08
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: −$4.92
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; SunX: live order book, 5 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 Variational Omni RFQ quote, 2 min ago	7.18 bp	doesn't fit	16.8 bp −$168	64.6 bp −$6,464	doesn't fit
Sell SunX live order book, 5 min ago	258.49 bp	doesn't fit	doesn't fit	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	−0.0286%	1h	0.2081	−0.201%	$359K	$483K	5x	as long as short
Orderly PERP_ENA_USDC	−0.0079%	4h	0.2085	−0.043%	$41K	$23K	10x	as long as short
01 Exchange ENAUSD	0.0000%	1h	0.2087	+0.096%	$4K	$432	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2086	+0.005%	$92K	$1.8M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2087	+0.054%	$96K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+1.817%	$522	$57K	5.5x	as long as short
Phoenix ENA	+0.0076%	1h	0.2090	+0.216%	$5K	$394K	10x	as long as short
Gate ENA_USDT	+0.0082%	4h	0.2083	−0.134%	$10.4M	$21.8M	50x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2087	+0.072%	$59K	$538K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2088	+0.114%	$47K	$221	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado ENA-PERP	+0.0100%	1h	0.2088	+0.139%	$654K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2080	−0.256%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2089	+0.158%	$404K	$592K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2081	−0.235%	$128.0M	$465.3M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2080	−0.259%	$86.5M	$193.6M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2080	−0.254%	$20.1M	$112.8M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2088	+0.115%	$19K	$417K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2089	+0.168%	$82K	$223K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2087	+0.065%	$88K	$2K	10x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2081	−0.230%	$45.1M	$49.5M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2081	−0.220%	$23.8M	$16.7M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2079	−0.297%	$47.0M	$65.9M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2080	−0.273%	—	$6.5M	—	as long as short
Variational Omni ENAlong	+0.0100%	4h	0.2085	long leg	$3.8M	$10.4M	—
edgeX ENAUSDC	+0.0100%	4h	0.2091	+0.244%	$248K	$7.9M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2091	+0.267%	$349K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2090	+0.216%	$32K	$712K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2088	+0.115%	$182K	$2.8M	10x	as long as short
SunX ENA-USDTshort	+0.0100%	4h	0.2037	−2.340%	$1K	$811K	20x
SoDEX ENA-USD	+0.0100%	1h	0.2085	−0.024%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2093	+0.355%	$272K	$1.5M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2084	−0.072%	$1.9M	$9.3M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2085	−0.024%	$77K	$11K	3x	as long as short
Kraken Futures PF_ENAUSD	+0.0105%	1h	0.2086	+0.035%	$2.6M	$5.8M	50x	as long as short
Extended ENA-USD	+0.0176%	1h	0.2080	−0.270%	$1.6M	$4.2M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0215% / S −0.0164%	1h	0.2086	+0.045%	$50K	—	100x	as long as short
Lighter ENA	+0.0304%	1h	0.2088	+0.115%	$5.6M	$13.2M	10x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2089	+0.149%	$5.5M	$8.1M	75x	as long as short
Hyperliquid ENA	+0.0341%	1h	0.2082	−0.149%	$109.7M	$80.2M	10x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2087	+0.064%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0536%	1h	0.2089	+0.149%	$798K	$2.1M	50x	as long as short
dYdX ENA-USD	+0.5141%	1h	0.2089	+0.156%	$138K	$15K	5x	as long as short