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

ENA

all ENA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0336%/8h= −36.8% APRpaid last 24h −0.101%
Price spread now: gTrade (Gains Network) against BloFin+0.270%50s7-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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread pays, funding is against you. gTrade (Gains Network) is 0.270% dearer against BloFin than usual: you sell high and buy low (spread +0.270% now, against zero (this spread has no 7-day history yet)): +$27 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 2.7 days. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin ENA-USDT0.20950.0340pay 0.0170% / 4h43m 41s$5.6M$3.0M75x
ShortgTrade (Gains Network) ENA/USD0.2101L +0.0004% / S −0.0004%get 0.0000% / 1h43m 41s$81K150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against BloFin. 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
−$70.65
Price spread: +0.270% → 0.000%
$26.97
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$65.68
Costs to cover
0.220%
Break-even
from the start
Slippage unknown: BloFin: live order book, 5 min ago; gTrade (Gains Network): 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
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 5 min ago0.72 bp11.6 bp −$1220.2 bp −$202doesn't fitdoesn't fit
Sell gTrade (Gains Network) no order-book sample
gTrade (Gains Network): 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−0.0318%1h0.2101+0.282%$367K$388K5xas long as short
01 Exchange ENAUSD−0.0104%1h0.2098+0.134%$4K$30210xas long as short
Orderly PERP_ENA_USDC−0.0061%4h0.2100+0.243%$44K$25K10xas long as short
Deribit ENA_USDC-PERPETUAL0.0000%1h0.2100+0.224%$78K$1.2M50xas long as short
gTrade (Gains Network) ENA/USDshortL +0.0004% / S −0.0004%1h0.2101+0.270%$81K150x
Injective ENA/USDC PERP+0.0033%1h0.2123+1.351%$522$57K5.5xas long as short
Phoenix ENA+0.0076%1h0.2097+0.067%$8K$266K10xas long as short
Lighter ENA+0.0096%1h0.2102+0.305%$5.2M$13.4M10xas long as short
Popdex ENAUSDT+0.0096%1h0.2100+0.234%$55K$500K50xas long as short
Paradex ENA-USD-PERP+0.0100%8h0.2099+0.172%$47K$11010xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado ENA-PERP+0.0100%1h0.2101+0.264%$661K$1.6M10xas long as short
Hyperliquid ENA+0.0100%1h0.2101+0.263%$111.8M$73.0M10xas long as short
Aster ENAUSDT+0.0100%4h0.2100+0.248%$1.5M$2.9M50xas long as short
Pacifica ENA+0.0100%1h0.2100+0.237%$409K$500K10xas long as short
Binance ENAUSDT+0.0100%4h0.2100+0.228%$128.2M$415.9M75xas long as short
Bybit ENAUSDT+0.0100%4h0.2099+0.177%$85.2M$175.8M50xas long as short
OKX ENA-USDT-SWAP+0.0100%4h0.2100+0.215%$20.8M$102.2M50xas long as short
Ondo Perps ENA-USD.P+0.0100%1h0.2093−0.105%$20K$311K5xas long as short
Arcus ENA-USD+0.0100%1h0.2092−0.148%$77K$275K10xas long as short
Bulk ENA-USD+0.0100%1h0.2098+0.128%$92K$4K10xas long as short
Gate ENA_USDT+0.0100%4h0.2099+0.181%$11.0M$21.7M50xas long as short
MEXC ENA_USDT+0.0100%4h0.2100+0.229%$45.7M$41.2M200xas long as short
KuCoin ENAUSDTM+0.0100%4h0.2100+0.239%$24.5M$15.6M75xas long as short
Bitget ENAUSDT+0.0100%4h0.2097+0.100%$47.8M$57.5M75xas long as short
BingX ENA-USDT+0.0100%4h0.2099+0.186%$32.3Mas long as short
Variational Omni ENA+0.0100%4h0.2097+0.110%$3.1M$10.1Mas long as short
edgeX ENAUSDC+0.0100%4h0.2093−0.084%$241K$7.0M20xas long as short
GRVT ENA_USDT_Perp+0.0100%4h0.2088−0.339%$346K$4.9M10xas long as short
ApeX Omni ENAUSDT+0.0100%1h0.2094−0.053%$20K$649K50xas long as short
Polymarket Perps ENA-USD+0.0100%1h0.2101+0.282%$178K$2.3M10xas long as short
SunX ENA-USDT+0.0100%4h0.2051−2.114%$958$844K20xas long as short
SoDEX ENA-USD+0.0100%1h0.2100+0.234%$4K$7K10xas long as short
HTX ENA-USDT+0.0100%4h0.2100+0.253%$272K$795K50xas long as short
Phemex ENAUSDT+0.0100%4h0.2101+0.282%$1.8M$8.8M50xas long as short
Extended ENA-USD+0.0104%1h0.2098+0.136%$1.6M$4.1M50xas long as short
Aevo ENA-PERP+0.0104%1h0.2100+0.217%$73K$4K3xas long as short
dYdX ENA-USD+0.0135%1h0.2099+0.201%$139K$15K5xas long as short
Kraken Futures PF_ENAUSD+0.0244%1h0.2101+0.286%$2.6M$4.2M50xas long as short
GMX ENA/USD [ETH-USDC]L +0.0253% / S −0.0213%1h0.2101+0.288%$51K100xas long as short
BloFin ENA-USDTlong+0.0340%4h0.2095long leg$5.6M$3.0M75x
Reya ENARUSDPERP+0.0412%1h0.2101+0.277%$1K$5K15xas long as short
Coinbase International ENA-PERP-INTX+0.0632%1h0.2090−0.239%$851K$1.5M50xas long as short