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

ENA

all ENA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0206%/8h= +22.6% APRpaid last 24h +0.016%
Price spread now: Hyperliquid against BloFin+0.144%87s7-day average +0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$350.347% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.206%−$21 on $10k
Price spread, last 3 days (all we have)−0.469%−$47 · spread now +0.144%, 7d avg +0.003%
Together, before fees−0.675%+ Points / potential airdropHyperliquid: Season 2 · farm board−$68 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Hyperliquid is 0.141% dearer against BloFin than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.003%. Mind the row above: over the last 7 days funding on this pair cost −0.206%, so the current rate has only just turned in your favour. The two prices were read 87 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin ENA-USDT0.20900.0340pay 0.0170% / 4h1h 51m$5.5M$8.1M75x
ShortHyperliquid ENA0.20930.0546get 0.0068% / 1h51m 46s$110.2M$79.7M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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
$43.3
Price spread: +0.144% → +0.003%
$14.09
Slippage, 4 orders
−$13.69
Fee BloFin: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$22.7
Costs to cover
0.347%
Break-even
3.3 days
Slippage from BloFin: live order book, 2 min ago; Hyperliquid: live order book, 12 min ago.

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, 2 min ago2.63 bp10.8 bp −$1116.8 bp −$16874.3 bp −$7,433doesn't fit
Sell Hyperliquid live order book, 12 min ago1.20 bp7.2 bp −$7doesn't fitdoesn't fitdoesn't fit

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
Orderly PERP_ENA_USDC−0.0078%4h0.2090+0.010%$40K$24K10xas long as short
Backpack ENA_USDC_PERP−0.0046%1h0.2091+0.081%$361K$484K5xas long as short
Deribit ENA_USDC-PERPETUAL0.0000%1h0.2091+0.043%$92K$1.8M50xas long as short
gTrade (Gains Network) ENA/USDL +0.0003% / S −0.0003%1h0.2091+0.062%$96K150xas long as short
Injective ENA/USDC PERP+0.0033%1h0.2123+1.613%$522$57K5.5xas long as short
Kraken Futures PF_ENAUSD+0.0066%1h0.2091+0.070%$2.6M$5.6M50xas long as short
01 Exchange ENAUSD+0.0072%1h0.2093+0.148%$4K$43210xas long as short
Popdex ENAUSDT+0.0096%1h0.2092+0.110%$60K$538K50xas long as short
Paradex ENA-USD-PERP+0.0100%8h0.2092+0.113%$47K$22110xas long as short
Nado ENA-PERP+0.0100%1h0.2092+0.096%$656K$1.8M10xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster ENAUSDT+0.0100%4h0.2091+0.083%$1.5M$3.3M50xas long as short
Pacifica ENA+0.0100%1h0.2093+0.146%$405K$587K10xas long as short
Binance ENAUSDT+0.0100%4h0.2090+0.007%$128.6M$463.7M75xas long as short
Bybit ENAUSDT+0.0100%4h0.2089−0.024%$86.9M$193.0M50xas long as short
OKX ENA-USDT-SWAP+0.0100%4h0.2089−0.014%$20.2M$112.9M50xas long as short
Ondo Perps ENA-USD.P+0.0100%1h0.2098+0.412%$20K$414K5xas long as short
Arcus ENA-USD+0.0100%1h0.2093+0.158%$82K$223K10xas long as short
Gate ENA_USDT+0.0100%4h0.2090+0.029%$10.4M$21.1M50xas long as short
MEXC ENA_USDT+0.0100%4h0.2090+0.033%$45.0M$46.6M200xas long as short
KuCoin ENAUSDTM+0.0100%4h0.2092+0.086%$23.9M$16.7M75xas long as short
Bitget ENAUSDT+0.0100%4h0.2088−0.081%$47.2M$65.4M75xas long as short
BingX ENA-USDC+0.0100%4h0.2090+0.010%$6.5Mas long as short
Variational Omni ENA+0.0100%4h0.2093+0.161%$3.8M$10.4Mas long as short
edgeX ENAUSDC+0.0100%4h0.2096+0.306%$249K$7.8M20xas long as short
GRVT ENA_USDT_Perp+0.0100%4h0.2096+0.318%$353K$4.6M10xas long as short
ApeX Omni ENAUSDT+0.0100%1h0.2097+0.349%$32K$711K50xas long as short
Polymarket Perps ENA-USD+0.0100%1h0.2092+0.134%$187K$2.8M10xas long as short
SunX ENA-USDT+0.0100%4h0.2042−2.287%$1K$814K20xas long as short
SoDEX ENA-USD+0.0100%1h0.2091+0.062%$4K$14K10xas long as short
HTX ENA-USDT+0.0100%4h0.2098+0.412%$272K$1.5M50xas long as short
Phemex ENAUSDT+0.0100%4h0.2090+0.014%$1.9M$9.2M50xas long as short
Bulk ENA-USD+0.0100%1h0.2083−0.298%$88K$2K10xas long as short
Aevo ENA-PERP+0.0104%1h0.2090+0.031%$77K$11K3xas long as short
Phoenix ENA+0.0115%1h0.2092+0.129%$5K$356K10xas long as short
Extended ENA-USD+0.0216%1h0.2090−0.006%$1.6M$4.2M50xas long as short
GMX ENA/USD [ETH-USDC]L +0.0218% / S −0.0358%1h0.2091+0.043%$38K100xas long as short
BloFin ENA-USDTlong+0.0340%4h0.2090long leg$5.5M$8.1M75x
Reya ENARUSDPERP+0.0412%1h0.2091+0.074%$1K$5K15xas long as short
Lighter ENA+0.0432%1h0.2092+0.129%$5.6M$12.9M10xas long as short
Hyperliquid ENAshort+0.0546%1h0.2093+0.144%$110.2M$79.7M10x
Coinbase International ENA-PERP-INTX+0.0576%1h0.2094+0.220%$801K$2.1M50xas long as short
dYdX ENA-USD+0.1806%1h0.2091+0.076%$138K$15K5xas long as short