Funding you earn now, next payment 04:00 UTC+0.0239%/8h= +26.2% APRnext payment +$0.30 per $10,000 · paid last 24h +0.043%
Price spread now: Aevo against Backpack−0.047%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.046%−$5 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. Aevo is 0.047% cheaper against Backpack than usual: you would sell low and buy high (spread −0.047% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 16 hours of funding at the current rate (+$7 a day).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.046% in total (about -2.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.30 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack ENA_USDC_PERP | 0.2107 | −0.0135 | get 0.0017% / 1h | 54m 14s | $371K | $372K | 5x |
| Short | Aevo ENA-PERP | 0.2106 | 0.0104 | get 0.0013% / 1h | 54m 14s | $74K | $4K | 3x |
Backpack ENA_USDC_PERP
Aevo ENA-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aevo against Backpack. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $50.24
- Price spread: −0.047% → 0.000%
- −$4.75
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- $19.5
- Costs to cover
- 0.260%
- Break-even
- 4.3 days
Slippage unknown: Backpack: live order book, 4 min ago; Aevo: no order-book sample. 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 Backpack live order book, 4 min ago | 0.95 bp | 7.3 bp −$7 | 40.7 bp −$407 | doesn't fit | doesn't fit |
| Sell Aevo no order-book sample | — | — | — | — | — |
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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack ENA_USDC_PERPlong | −0.0135% | 1h | 0.2107 | long leg | $371K | $372K | 5x | |
| 01 Exchange ENAUSD | −0.0120% | 1h | 0.2107 | +0.024% | $4K | $302 | 10x | as long as short |
| Orderly PERP_ENA_USDC | −0.0053% | 4h | 0.2105 | −0.081% | $44K | $25K | 10x | as long as short |
| Deribit ENA_USDC-PERPETUAL | 0.0000% | 1h | 0.2107 | −0.019% | $78K | $1.3M | 50x | as long as short |
| gTrade (Gains Network) ENA/USD | L +0.0004% / S −0.0004% | 1h | 0.2106 | −0.024% | $82K | — | 150x | as long as short |
| Injective ENA/USDC PERP | +0.0033% | 1h | 0.2123 | +0.778% | $522 | $57K | 5.5x | as long as short |
| dYdX ENA-USD | +0.0069% | 1h | 0.2108 | +0.049% | $139K | $15K | 5x | as long as short |
| Popdex ENAUSDT | +0.0096% | 1h | 0.2107 | 0.000% | $55K | $500K | 50x | as long as short |
| Paradex ENA-USD-PERP | +0.0100% | 8h | 0.2106 | −0.058% | $47K | $110 | 10x | as long as short |
| Nado ENA-PERP | +0.0100% | 1h | 0.2107 | +0.019% | $662K | $1.7M | 10x | as long as short |
01 Exchange ENAUSD
Orderly PERP_ENA_USDC
Deribit ENA_USDC-PERPETUAL
gTrade (Gains Network) ENA/USD
Injective ENA/USDC PERP
dYdX ENA-USD
Popdex ENAUSDT
Paradex ENA-USD-PERP
Nado ENA-PERPShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid ENA | +0.0100% | 1h | 0.2108 | +0.038% | $112.5M | $72.6M | 10x | as long as short |
| Aster ENAUSDT | +0.0100% | 4h | 0.2107 | +0.012% | $1.5M | $2.9M | 50x | as long as short |
| Pacifica ENA | +0.0100% | 1h | 0.2107 | +0.001% | $411K | $499K | 10x | as long as short |
| Binance ENAUSDT | +0.0100% | 4h | 0.2106 | −0.028% | $128.9M | $415.1M | 75x | as long as short |
| Bybit ENAUSDT | +0.0100% | 4h | 0.2106 | −0.028% | $86.1M | $175.8M | 50x | as long as short |
| OKX ENA-USDT-SWAP | +0.0100% | 4h | 0.2107 | +0.005% | $20.8M | $102.3M | 50x | as long as short |
| Ondo Perps ENA-USD.P | +0.0100% | 1h | 0.2114 | +0.327% | $19K | $324K | 5x | as long as short |
| Arcus ENA-USD | +0.0100% | 1h | 0.2107 | 0.000% | $78K | $275K | 10x | as long as short |
| Bulk ENA-USD | +0.0100% | 1h | 0.2107 | 0.000% | $92K | $4K | 10x | as long as short |
| Gate ENA_USDT | +0.0100% | 4h | 0.2106 | −0.066% | $11.1M | $21.5M | 50x | as long as short |
| MEXC ENA_USDT | +0.0100% | 4h | 0.2106 | −0.057% | $45.6M | $41.0M | 200x | as long as short |
| KuCoin ENAUSDTM | +0.0100% | 4h | 0.2107 | +0.005% | $24.6M | $15.6M | 75x | as long as short |
| Bitget ENAUSDT | +0.0100% | 4h | 0.2104 | −0.119% | $47.8M | $57.2M | 75x | as long as short |
| BingX ENA-USDT | +0.0100% | 4h | 0.2106 | −0.033% | — | $32.3M | — | as long as short |
| Variational Omni ENA | +0.0100% | 4h | 0.2119 | +0.589% | $3.3M | $10.0M | — | as long as short |
| edgeX ENAUSDC | +0.0100% | 4h | 0.2108 | +0.044% | $243K | $6.9M | 20x | as long as short |
| GRVT ENA_USDT_Perp | +0.0100% | 4h | 0.2110 | +0.142% | $354K | $4.9M | 10x | as long as short |
| ApeX Omni ENAUSDT | +0.0100% | 1h | 0.2111 | +0.190% | $20K | $651K | 50x | as long as short |
| Polymarket Perps ENA-USD | +0.0100% | 1h | 0.2107 | +0.024% | $183K | $2.3M | 10x | as long as short |
| SunX ENA-USDT | +0.0100% | 4h | 0.2057 | −2.378% | $1K | $841K | 20x | as long as short |
| SoDEX ENA-USD | +0.0100% | 1h | 0.2106 | −0.047% | $4K | $7K | 10x | as long as short |
| HTX ENA-USDT | +0.0100% | 4h | 0.2108 | +0.038% | $272K | $798K | 50x | as long as short |
| Phemex ENAUSDT | +0.0100% | 4h | 0.2107 | 0.000% | $1.8M | $8.8M | 50x | as long as short |
| Extended ENA-USD | +0.0104% | 1h | 0.2106 | −0.051% | $1.6M | $4.1M | 50x | as long as short |
| Aevo ENA-PERPshort | +0.0104% | 1h | 0.2106 | −0.047% | $74K | $4K | 3x | |
| Lighter ENA | +0.0136% | 1h | 0.2109 | +0.081% | $5.2M | $13.3M | 10x | as long as short |
| Phoenix ENA | +0.0150% | 1h | 0.2110 | +0.157% | $8K | $266K | 10x | as long as short |
| Kraken Futures PF_ENAUSD | +0.0243% | 1h | 0.2108 | +0.061% | $2.6M | $4.2M | 50x | as long as short |
| GMX ENA/USD [ETH-USDC] | L +0.0253% / S −0.0213% | 1h | 0.2106 | −0.026% | $51K | — | 100x | as long as short |
| BloFin ENA-USDT | +0.0340% | 4h | 0.2109 | +0.071% | $5.6M | $3.1M | 75x | as long as short |
| Reya ENARUSDPERP | +0.0412% | 1h | 0.2106 | −0.035% | $1K | $5K | 15x | as long as short |
| Coinbase International ENA-PERP-INTX | +0.0632% | 1h | 0.2112 | +0.228% | $860K | $1.5M | 50x | as long as short |
Hyperliquid ENA
Aster ENAUSDT
Pacifica ENA
Binance ENAUSDT
Bybit ENAUSDT
OKX ENA-USDT-SWAP
Ondo Perps ENA-USD.P
Arcus ENA-USD
Bulk ENA-USD
Gate ENA_USDT
MEXC ENA_USDT
KuCoin ENAUSDTM
Bitget ENAUSDT
BingX ENA-USDT
Variational Omni ENA
edgeX ENAUSDC
GRVT ENA_USDT_Perp
ApeX Omni ENAUSDT
Polymarket Perps ENA-USD
SunX ENA-USDT
SoDEX ENA-USD
HTX ENA-USDT
Phemex ENAUSDT
Extended ENA-USD
Lighter ENA
Phoenix ENA
Kraken Futures PF_ENAUSD
GMX ENA/USD [ETH-USDC]
BloFin ENA-USDT
Reya ENARUSDPERP
Coinbase International ENA-PERP-INTX