Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0240%/8h= −26.3% APRpaid last 24h −0.072%

Price spread now: Nado against BloFin−0.043%7-day average −0.071% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$360.364% of the position

Long on BloFin Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.203%−$20 on $10k

Price spread, last 4 days (all we have)−0.223%−$22 · spread now −0.043%, 7d avg −0.071%

Together, before fees−0.426%+ Points / potential airdropNado: Active · farm board−$43 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Nado is 0.029% dearer against BloFin than usual: you sell high and buy low (spread −0.043% now, against its 7-day average of −0.071%): +$3 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 10 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ENA-USDT	0.2112	0.0340	pay 0.0170% / 4h	1h 07m	$5.6M	$3.3M	75x
Short	Nado ENA-PERP	0.2111	0.0100	get 0.0012% / 1h	7m 06s	$559K	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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

Position, each leg$Hold fordaysFee BloFinbpFee NadobpOrdersPrice spread, now −0.043%Rate

Funding earned: −$50.4
Price spread: −0.043% → −0.071%: $2.88
Slippage, 4 orders: −$17.4
Fee BloFin: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$83.92
Costs to cover: 0.364%
Break-even: never at this rate

Slippage from BloFin: live order book, 7 min ago; Nado: live order book, 2 min ago.

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 BloFin live order book, 7 min ago	3.30 bp	11.4 bp −$11	19.8 bp −$198	71.1 bp −$7,107	doesn't fit
Sell Nado live order book, 2 min ago	0.71 bp	7.2 bp −$7	20.0 bp −$200	doesn't fit	doesn't fit

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	−0.0100%	4h	0.2113	+0.024%	$44K	$26K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2114	+0.104%	$54K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2113	+0.043%	$81K	—	150x	as long as short
01 Exchange ENAUSD	+0.0008%	1h	0.2109	−0.142%	$4K	$277	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.535%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2109	−0.147%	$55K	$484K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2106	−0.305%	$47K	$110	10x	as long as short
Nado ENA-PERPshort	+0.0100%	1h	0.2111	−0.043%	$559K	$1.8M	10x
Hyperliquid ENA	+0.0100%	1h	0.2116	+0.166%	$114.5M	$75.3M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2113	+0.049%	$1.4M	$3.3M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ENA	+0.0100%	1h	0.2107	−0.253%	$399K	$542K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2113	+0.055%	$128.1M	$426.4M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2111	−0.033%	$90.6M	$186.9M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2113	+0.033%	$21.1M	$107.3M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2111	−0.066%	$33K	$323K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2108	−0.194%	$78K	$281K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2122	+0.465%	$93K	$511	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2114	+0.090%	$12.5M	$26.7M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2114	+0.099%	$38.4M	$43.4M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2114	+0.099%	$24.7M	$15.7M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2111	−0.043%	$47.8M	$59.7M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2114	+0.066%	—	$31.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2119	+0.325%	$3.1M	$10.2M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2113	+0.032%	$257K	$7.1M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2111	−0.052%	$351K	$4.9M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2113	+0.043%	$19K	$647K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2112	−0.014%	$183K	$2.6M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2056	−2.647%	$1K	$902K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2114	+0.090%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2118	+0.289%	$266K	$816K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2114	+0.090%	$1.8M	$8.8M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2113	+0.029%	$1.6M	$4.3M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2113	+0.043%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0110%	1h	0.2120	+0.365%	$8K	$276K	10x	as long as short
Lighter ENA	+0.0152%	1h	0.2116	+0.180%	$5.0M	$13.7M	10x	as long as short
dYdX ENA-USD	+0.0239%	1h	0.2108	−0.214%	$139K	$16K	5x	as long as short
Backpack ENA_USDC_PERP	+0.0249%	1h	0.2114	+0.114%	$392K	$437K	5x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0306% / S −0.0753%	1h	0.2113	+0.059%	$58K	—	100x	as long as short
BloFin ENA-USDTlong	+0.0340%	4h	0.2112	long leg	$5.6M	$3.3M	75x
Reya ENARUSDPERP	+0.0412%	1h	0.2111	−0.042%	$1K	—	15x	as long as short
Kraken Futures PF_ENAUSD	+0.0446%	1h	0.2115	+0.148%	$2.6M	$4.4M	50x	as long as short
Coinbase International ENA-PERP-INTX	+0.0616%	1h	0.2135	+1.108%	$881K	$1.8M	50x	as long as short