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

ENA

all ENA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0008%/8h= −0.9% APRnext payment $0.01 per $10,000 · paid last 24h +0.103%
Price spread now: Lighter against Aevo+0.794%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+0.449%+$45 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.794% dearer against Aevo than usual: you sell high and buy low, +$79 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo ENA-PERP0.20940.0104pay 0.0013% / 1h42m 46s$73K$4K3x
ShortLighter ENA0.21100.0096get 0.0012% / 1h42m 46s$5.0M$13.8M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter 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
−$1.68
Price spread: +0.794% → 0.000%
$79.38
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Lighter: 0 bp × 2 orders
$0
Net
$61.7
Costs to cover
0.160%
Break-even
from the start
Slippage unknown: Aevo: no order-book sample; Lighter: 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
LegHalf-spread$10k$100k$1M$5M
Buy Aevo no order-book sample
Sell Lighter live order book, 6 min ago0.70 bp2.2 bp −$211.6 bp −$116319.9 bp −$32.0Kdoesn'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
Deribit ENA_USDC-PERPETUAL−0.0561%1h0.2095+0.087%$54K$1.1M50xas long as short
Orderly PERP_ENA_USDC−0.0100%4h0.2095+0.049%$44K$21K10xas long as short
01 Exchange ENAUSD−0.0032%1h0.2118+1.152%$4K$27710xas long as short
gTrade (Gains Network) ENA/USDL +0.0004% / S −0.0004%1h0.2108+0.678%$81K150xas long as short
Injective ENA/USDC PERP+0.0033%1h0.2123+1.420%$522$57K5.5xas long as short
Lighter ENAshort+0.0096%1h0.2110+0.794%$5.0M$13.8M10x
Popdex ENAUSDT+0.0096%1h0.2117+1.114%$55K$478K50xas long as short
Paradex ENA-USD-PERP+0.0100%8h0.2109+0.713%$47K$11010xas long as short
Nado ENA-PERP+0.0100%1h0.2117+1.095%$560K$1.8M10xas long as short
Hyperliquid ENA+0.0100%1h0.2107+0.641%$114.2M$75.1M10xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster ENAUSDT+0.0100%4h0.2109+0.726%$1.4M$3.3M50xas long as short
Pacifica ENA+0.0100%1h0.2109+0.722%$405K$560K10xas long as short
Binance ENAUSDT+0.0100%4h0.2109+0.717%$128.0M$426.0M75xas long as short
Bybit ENAUSDT+0.0100%4h0.2108+0.670%$90.5M$187.2M50xas long as short
OKX ENA-USDT-SWAP+0.0100%4h0.2109+0.741%$21.1M$107.2M50xas long as short
Ondo Perps ENA-USD.P+0.0100%1h0.2102+0.374%$33K$317K5xas long as short
Arcus ENA-USD+0.0100%1h0.2108+0.684%$78K$281K10xas long as short
Bulk ENA-USD+0.0100%1h0.2113+0.917%$92K$51110xas long as short
Gate ENA_USDT+0.0100%4h0.2105+0.531%$12.8M$26.8M50xas long as short
MEXC ENA_USDT+0.0100%4h0.2108+0.670%$38.8M$42.8M200xas long as short
KuCoin ENAUSDTM+0.0100%4h0.2109+0.756%$24.9M$15.7M75xas long as short
Bitget ENAUSDT+0.0100%4h0.2108+0.679%$47.9M$59.8M75xas long as short
BingX ENA-USDT+0.0100%4h0.2108+0.698%$31.4Mas long as short
Backpack ENA_USDC_PERP+0.0100%1h0.2105+0.550%$411K$490K5xas long as short
Variational Omni ENA+0.0100%4h0.2121+1.316%$3.1M$10.1Mas long as short
edgeX ENAUSDC+0.0100%4h0.2123+1.390%$257K$7.1M20xas long as short
GRVT ENA_USDT_Perp+0.0100%4h0.2115+1.023%$365K$4.9M10xas long as short
ApeX Omni ENAUSDT+0.0100%1h0.2117+1.114%$19K$647K50xas long as short
Polymarket Perps ENA-USD+0.0100%1h0.2118+1.166%$183K$2.6M10xas long as short
SunX ENA-USDT+0.0100%4h0.2049−2.134%$1K$903K20xas long as short
SoDEX ENA-USD+0.0100%1h0.2100+0.302%$4K$7K10xas long as short
HTX ENA-USDT+0.0100%4h0.2105+0.531%$265K$817K50xas long as short
Phemex ENAUSDT+0.0100%4h0.2102+0.397%$1.8M$8.8M50xas long as short
Extended ENA-USD+0.0104%1h0.2104+0.511%$1.6M$4.3M50xas long as short
Aevo ENA-PERPlong+0.0104%1h0.2094long leg$73K$4K3x
Kraken Futures PF_ENAUSD+0.0150%1h0.2099+0.238%$2.6M$4.4M50xas long as short
Phoenix ENA+0.0190%1h0.2119+1.224%$8K$273K10xas long as short
GMX ENA/USD [ETH-USDC]L +0.0307% / S −0.0754%1h0.2117+1.131%$58K100xas long as short
BloFin ENA-USDT+0.0340%4h0.2097+0.182%$5.5M$3.3M75xas long as short
Reya ENARUSDPERP+0.0412%1h0.2117+1.106%$1K15xas long as short
Coinbase International ENA-PERP-INTX+0.0656%1h0.2102+0.388%$868K$1.8M50xas long as short
dYdX ENA-USD+0.0818%1h0.2107+0.640%$139K$16K5xas long as short