Settings8H · net · $10k
Funding arb · Price arb /

ENA

all ENA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0448%/8h= +49.1% APRnext payment +$0.56 per $10,000 · paid last 24h +0.132%
Price spread now: Coinbase International against Aevo+0.245%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.433%+$43 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Coinbase International is 0.245% dearer against Aevo than usual: you sell high and buy low: +$24 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo ENA-PERP0.21200.0104pay 0.0013% / 1h57m 46s$78K$11K3x
ShortCoinbase International ENA-PERP-INTX0.21250.0552get 0.0069% / 1h57m 46s$839K$2.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Aevo. 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

Funding earned
$94.08
Price spread: +0.245% → 0.000%
$24.48
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$92.56
Costs to cover
0.260%
Break-even
0.1 days
Slippage unknown: Aevo: no order-book sample; Coinbase International: 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
LegHalf-spread$10k$100k$1M$5M
Buy Aevo no order-book sample
Sell Coinbase International live order book, 1 min ago7.53 bp24.2 bp −$2425.8 bp −$258doesn't fitdoesn't fit
Aevo: 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 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Backpack ENA_USDC_PERP−0.0125%1h0.2122+0.113%$375K$447K5xas long as short
Orderly PERP_ENA_USDC−0.0036%4h0.2119−0.038%$41K$24K10xas long as short
Deribit ENA_USDC-PERPETUAL0.0000%1h0.2121+0.056%$92K$1.8M50xas long as short
gTrade (Gains Network) ENA/USDL +0.0003% / S −0.0003%1h0.2120+0.015%$105K150xas long as short
Injective ENA/USDC PERP+0.0033%1h0.2123+0.174%$522$57K5.5xas long as short
Popdex ENAUSDT+0.0096%1h0.2120+0.014%$63K$530K50xas long as short
Nado ENA-PERP+0.0100%1h0.21200.000%$679K$1.8M10xas long as short
Aster ENAUSDT+0.0100%4h0.2122+0.122%$1.5M$3.3M50xas long as short
Pacifica ENA+0.0100%1h0.2117−0.107%$410K$573K10xas long as short
Binance ENAUSDT+0.0100%4h0.2122+0.106%$131.2M$455.6M75xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ENAUSDT+0.0100%4h0.2121+0.070%$89.1M$191.1M50xas long as short
OKX ENA-USDT-SWAP+0.0100%4h0.2121+0.075%$20.5M$112.4M50xas long as short
Ondo Perps ENA-USD.P+0.0100%1h0.2117−0.109%$15K$400K5xas long as short
Arcus ENA-USD+0.0100%1h0.2119−0.033%$83K$220K10xas long as short
Bulk ENA-USD+0.0100%1h0.2122+0.089%$89K$50010xas long as short
Gate ENA_USDT+0.0100%4h0.2123+0.146%$10.8M$21.0M50xas long as short
MEXC ENA_USDT+0.0100%4h0.2123+0.155%$46.7M$45.2M200xas long as short
KuCoin ENAUSDTM+0.0100%4h0.2124+0.198%$24.5M$16.4M75xas long as short
Bitget ENAUSDT+0.0100%4h0.2121+0.070%$48.1M$64.9M75xas long as short
BingX ENA-USDC+0.0100%4h0.2122+0.113%$6.5Mas long as short
Variational Omni ENA+0.0100%4h0.2115−0.214%$3.8M$10.3Mas long as short
edgeX ENAUSDC+0.0100%4h0.2112−0.371%$251K$7.7M20xas long as short
GRVT ENA_USDT_Perp+0.0100%4h0.2117−0.129%$351K$4.6M10xas long as short
ApeX Omni ENAUSDT+0.0100%1h0.2111−0.411%$32K$710K50xas long as short
Polymarket Perps ENA-USD+0.0100%1h0.2121+0.047%$179K$2.6M10xas long as short
SunX ENA-USDT+0.0100%4h0.2069−2.416%$1K$820K20xas long as short
SoDEX ENA-USD+0.0100%1h0.2120+0.014%$4K$14K10xas long as short
HTX ENA-USDT+0.0100%4h0.2120−0.005%$275K$1.5M50xas long as short
Phemex ENAUSDT+0.0100%4h0.2120+0.014%$2.0M$9.2M50xas long as short
Paradex ENA-USD-PERP+0.0100%8h0.2116−0.176%$47K$22110xas long as short
Aevo ENA-PERPlong+0.0104%1h0.2120long leg$78K$11K3x
Phoenix ENA+0.0115%1h0.2122+0.117%$5K$347K10xas long as short
01 Exchange ENAUSD+0.0176%1h0.2121+0.042%$4K$31210xas long as short
Kraken Futures PF_ENAUSD+0.0241%1h0.2122+0.101%$2.7M$5.5M50xas long as short
GMX ENA/USD [ETH-USDC]L +0.0250% / S −0.0434%1h0.2119−0.012%$38K100xas long as short
BloFin ENA-USDT+0.0340%4h0.2117−0.151%$5.5M$8.1M75xas long as short
Extended ENA-USD+0.0352%1h0.2122+0.121%$1.6M$4.2M50xas long as short
Reya ENARUSDPERP+0.0412%1h0.2120+0.018%$1K$5K15xas long as short
Hyperliquid ENA+0.0514%1h0.2125+0.254%$112.4M$78.7M10xas long as short
Coinbase International ENA-PERP-INTXshort+0.0552%1h0.2125+0.245%$839K$2.2M50x
Lighter ENA+0.0592%1h0.2124+0.221%$5.7M$12.8M10xas long as short
dYdX ENA-USD+0.1878%1h0.2118−0.083%$140K$15K5xas long as short