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+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%
Price spread now: Aevo against Bulk−0.166%7-day average · you buy dearer than you sell
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
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aevo is 0.166% cheaper against Bulk than usual: you would sell low and buy high, −$17 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBulk ENA-USD0.20900.0100pay 0.0013% / 1h50m 12s$88K$1K10x
ShortAevo ENA-PERP0.20870.0104get 0.0013% / 1h50m 12s$77K$11K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Bulk. 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
$0.84
Price spread: −0.166% → 0.000%
−$16.64
Slippage, 4 orders
no order book: not counted
Fee Bulk: 3.5 bp × 2 orders
−$7
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$38.8
Costs to cover
0.230%
Break-even
330.3 days
Slippage unknown: Bulk: no order-book sample; 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
LegHalf-spread$10k$100k$1M$5M
Buy Bulk no order-book sample
Sell Aevo no order-book sample
Bulk and 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
Backpack ENA_USDC_PERP−0.0079%1h0.2088−0.095%$360K$484K5xas long as short
Orderly PERP_ENA_USDC−0.0077%4h0.2086−0.205%$40K$24K10xas long as short
Deribit ENA_USDC-PERPETUAL0.0000%1h0.2087−0.157%$92K$1.8M50xas long as short
gTrade (Gains Network) ENA/USDL +0.0003% / S −0.0003%1h0.2087−0.154%$96K150xas long as short
Injective ENA/USDC PERP+0.0033%1h0.2123+1.594%$522$57K5.5xas long as short
Kraken Futures PF_ENAUSD+0.0067%1h0.2087−0.144%$2.6M$5.6M50xas long as short
01 Exchange ENAUSD+0.0080%1h0.2090−0.013%$4K$43210xas long as short
Popdex ENAUSDT+0.0096%1h0.2088−0.099%$59K$538K50xas long as short
Paradex ENA-USD-PERP+0.0100%8h0.2089−0.049%$47K$22110xas long as short
Nado ENA-PERP+0.0100%1h0.2088−0.121%$654K$1.8M10xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster ENAUSDT+0.0100%4h0.2088−0.121%$1.5M$3.3M50xas long as short
Pacifica ENA+0.0100%1h0.2090−0.001%$404K$587K10xas long as short
Binance ENAUSDT+0.0100%4h0.2087−0.133%$128.5M$462.7M75xas long as short
Bybit ENAUSDT+0.0100%4h0.2087−0.152%$86.8M$192.7M50xas long as short
OKX ENA-USDT-SWAP+0.0100%4h0.2088−0.109%$20.1M$112.6M50xas long as short
Ondo Perps ENA-USD.P+0.0100%1h0.2089−0.028%$20K$412K5xas long as short
Arcus ENA-USD+0.0100%1h0.2090−0.004%$82K$223K10xas long as short
Bulk ENA-USDlong+0.0100%1h0.2090long leg$88K$1K10x
Gate ENA_USDT+0.0100%4h0.2087−0.142%$10.4M$21.1M50xas long as short
MEXC ENA_USDT+0.0100%4h0.2087−0.138%$44.9M$46.6M200xas long as short
KuCoin ENAUSDTM+0.0100%4h0.2088−0.114%$23.8M$16.7M75xas long as short
Bitget ENAUSDT+0.0100%4h0.2085−0.233%$47.2M$65.4M75xas long as short
BingX ENA-USDT+0.0100%4h0.2087−0.147%$32.9Mas long as short
Variational Omni ENA+0.0100%4h0.2088−0.077%$3.8M$10.4Mas long as short
edgeX ENAUSDC+0.0100%4h0.2091+0.058%$248K$7.8M20xas long as short
GRVT ENA_USDT_Perp+0.0100%4h0.2096+0.300%$353K$4.6M10xas long as short
ApeX Omni ENAUSDT+0.0100%1h0.2091+0.044%$32K$712K50xas long as short
Polymarket Perps ENA-USD+0.0100%1h0.2088−0.090%$187K$2.8M10xas long as short
SunX ENA-USDT+0.0100%4h0.2039−2.420%$1K$813K20xas long as short
SoDEX ENA-USD+0.0100%1h0.2087−0.147%$4K$14K10xas long as short
HTX ENA-USDT+0.0100%4h0.2093+0.154%$271K$1.5M50xas long as short
Phemex ENAUSDT+0.0100%4h0.2086−0.195%$1.9M$9.2M50xas long as short
Aevo ENA-PERPshort+0.0104%1h0.2087−0.166%$77K$11K3x
Phoenix ENA+0.0115%1h0.2092+0.111%$5K$356K10xas long as short
GMX ENA/USD [ETH-USDC]L +0.0220% / S −0.0361%1h0.2087−0.161%$38K100xas long as short
Extended ENA-USD+0.0224%1h0.2086−0.199%$1.6M$4.2M50xas long as short
BloFin ENA-USDT+0.0340%4h0.2089−0.052%$5.5M$8.1M75xas long as short
Reya ENARUSDPERP+0.0412%1h0.2088−0.106%$1K$5K15xas long as short
Lighter ENA+0.0432%1h0.2090−0.018%$5.6M$12.9M10xas long as short
Hyperliquid ENA+0.0529%1h0.2090−0.004%$110.0M$79.7M10xas long as short
Coinbase International ENA-PERP-INTX+0.0576%1h0.2094+0.202%$801K$2.1M50xas long as short
dYdX ENA-USD+0.1814%1h0.2089−0.039%$138K$15K5xas long as short