Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: KuCoin against Aevo+0.019%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.058%−$6 on $10k

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

Together, before fees—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo ENA-PERP	0.2097	0.0104	pay 0.0013% / 1h	0m 14s	$73K	$4K	3x
Short	KuCoin ENAUSDTM	0.2097	0.0100	get 0.0050% / 4h	3h 00m	$24.7M	$15.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.019%Rate

Funding earned: −$0.84
Price spread: +0.019% → 0.000%: $1.86
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$26.98
Costs to cover: 0.280%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; KuCoin: live order book, 4 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 KuCoin live order book, 4 min ago	6.20 bp	15.1 bp −$15	34.5 bp −$345	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
Orderly PERP_ENA_USDC	−0.0131%	4h	0.2096	−0.048%	$44K	$25K	10x	as long as short
01 Exchange ENAUSD	0.0000%	1h	0.2097	+0.009%	$4K	$277	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2097	+0.004%	$73K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2096	−0.053%	$81K	—	150x	as long as short
Gate ENA_USDT	+0.0016%	4h	0.2095	−0.101%	$10.9M	$23.4M	50x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+1.254%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2096	−0.053%	$57K	$465K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2095	−0.118%	$47K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2096	−0.072%	$649K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2098	+0.023%	$113.7M	$74.1M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ENAUSDT	+0.0100%	4h	0.2097	−0.016%	$1.4M	$3.2M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2095	−0.117%	$398K	$513K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2097	−0.021%	$126.9M	$411.5M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2096	−0.062%	$84.5M	$174.0M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2097	−0.024%	$20.8M	$102.6M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2090	−0.358%	$22K	$319K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2096	−0.053%	$78K	$276K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2094	−0.126%	$92K	−$0	10x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2096	−0.034%	$45.4M	$41.1M	200x	as long as short
KuCoin ENAUSDTMshort	+0.0100%	4h	0.2097	+0.019%	$24.7M	$15.4M	75x
Bitget ENAUSDT	+0.0100%	4h	0.2095	−0.105%	$47.6M	$57.3M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2096	−0.053%	—	$31.7M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2092	−0.258%	$357K	$400K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2089	−0.364%	$3.0M	$10.0M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2096	−0.060%	$240K	$6.8M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2098	+0.044%	$347K	$5.0M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2096	−0.053%	$20K	$648K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2097	−0.005%	$187K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2046	−2.442%	$1K	$857K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2097	−0.005%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2099	+0.085%	$272K	$773K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2096	−0.053%	$1.7M	$8.9M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2096	−0.068%	$1.6M	$4.2M	50x	as long as short
Aevo ENA-PERPlong	+0.0104%	1h	0.2097	long leg	$73K	$4K	3x
Phoenix ENA	+0.0113%	1h	0.2100	+0.138%	$8K	$274K	10x	as long as short
Lighter ENA	+0.0168%	1h	0.2097	−0.029%	$5.2M	$13.3M	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0174%	1h	0.2098	+0.037%	$2.6M	$4.3M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0305% / S −0.0358%	1h	0.2097	−0.026%	$70K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2091	−0.287%	$5.5M	$3.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2096	−0.062%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0656%	1h	0.2095	−0.077%	$858K	$1.7M	50x	as long as short
dYdX ENA-USD	+0.1198%	1h	0.2096	−0.076%	$138K	$15K	5x	as long as short