Funding arb · Price arb /

ENA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.021%

Price spread now: GRVT against Aevo−0.262%71s7-day average — · you buy dearer than you sell

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

Long on Aevo Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.030%−$3 on $10k

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

Together, before fees—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: GRVT is 0.262% cheaper against Aevo than usual: you would sell low and buy high, −$26 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 71 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo ENA-PERP	0.2127	0.0104	pay 0.0013% / 1h	7m 59s	$78K	$11K	3x
Short	GRVT ENA_USDT_Perp	0.2121	0.0100	get 0.0050% / 4h	7m 59s	$362K	$4.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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

Position, each leg$Hold fordaysFee AevobpFee GRVTbpOrdersPrice spread, now −0.262%Rate

Funding earned: −$0.84
Price spread: −0.262% → 0.000%: −$26.25
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$52.09
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; GRVT: live order book, 6 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 Aevo no order-book sample	—	—	—	—	—
Sell GRVT live order book, 6 min ago	2.35 bp	10.2 bp −$10	61.3 bp −$613	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2127	+0.004%	$95K	$1.7M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2128	+0.024%	$97K	—	150x	as long as short
Orderly PERP_ENA_USDC	+0.0007%	4h	0.2126	−0.034%	$41K	$24K	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−0.170%	$522	$57K	5.5x	as long as short
Backpack ENA_USDC_PERP	+0.0055%	1h	0.2127	−0.024%	$377K	$444K	5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2127	−0.001%	$62K	$526K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2128	+0.025%	$680K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2127	−0.009%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2128	+0.039%	$411K	$559K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2125	−0.086%	$131.7M	$450.0M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ENAUSDT	+0.0100%	4h	0.2124	−0.118%	$89.3M	$189.0M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2125	−0.100%	$20.7M	$110.7M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2123	−0.170%	$15K	$390K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2129	+0.093%	$84K	$222K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2126	−0.052%	$90K	$500	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2125	−0.090%	$10.8M	$21.7M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2125	−0.104%	$46.5M	$45.6M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2126	−0.034%	$24.6M	$16.3M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2124	−0.161%	$48.2M	$63.4M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2125	−0.076%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2121	−0.286%	$3.9M	$10.2M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2128	+0.026%	$246K	$7.6M	20x	as long as short
GRVT ENA_USDT_Perpshort	+0.0100%	4h	0.2121	−0.262%	$362K	$4.7M	10x
ApeX Omni ENAUSDT	+0.0100%	1h	0.2129	+0.093%	$34K	$712K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2128	+0.027%	$179K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2077	−2.361%	$1K	$827K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2126	−0.048%	$4K	$11K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2129	+0.098%	$276K	$1.4M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2125	−0.095%	$1.9M	$9.3M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2127	+0.008%	$48K	$221	10x	as long as short
Aevo ENA-PERPlong	+0.0104%	1h	0.2127	long leg	$78K	$11K	3x
Phoenix ENA	+0.0189%	1h	0.2129	+0.074%	$7K	$347K	10x	as long as short
01 Exchange ENAUSD	+0.0200%	1h	0.2130	+0.117%	$4K	$302	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0240%	1h	0.2128	+0.059%	$2.7M	$5.2M	50x	as long as short
Extended ENA-USD	+0.0240%	1h	0.2124	−0.138%	$1.6M	$4.2M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0250% / S −0.0434%	1h	0.2127	+0.011%	$38K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2128	+0.027%	$5.6M	$4.7M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2127	−0.020%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0552%	1h	0.2126	−0.053%	$839K	$1.9M	50x	as long as short
Lighter ENA	+0.0560%	1h	0.2128	+0.046%	$5.6M	$12.9M	10x	as long as short
Hyperliquid ENA	+0.0751%	1h	0.2128	+0.055%	$114.7M	$78.3M	10x	as long as short
dYdX ENA-USD	+0.1204%	1h	0.2128	+0.032%	$141K	$15K	5x	as long as short