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

ENA

all ENA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0132%/8h= −14.5% APRnext payment $0.17 per $10,000 · paid last 24h −0.063%
Price spread now: 01 Exchange against Bulk−0.129%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
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and 01 Exchange is 0.129% cheaper against Bulk than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBulk ENA-USD0.20940.0100pay 0.0013% / 1h35m 56s$88K$2K10x
Short01 Exchange ENAUSD0.2091−0.0032pay 0.0004% / 1h35m 56s$4K$43210x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
−$27.72
Price spread: −0.129% → 0.000%
−$12.89
Slippage, 4 orders
no order book: not counted
Fee Bulk: 3.5 bp × 2 orders
−$7
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$54.61
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: Bulk: no order-book sample; 01 Exchange: 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 01 Exchange no order-book sample
Bulk and 01 Exchange: 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−0.0352%1h0.2092−0.105%$360K$485K5xas long as short
Orderly PERP_ENA_USDC−0.0083%4h0.2091−0.143%$41K$24K10xas long as short
01 Exchange ENAUSDshort−0.0032%1h0.2091−0.129%$4K$43210x
Gate ENA_USDT−0.0018%4h0.2091−0.124%$10.4M$21.5M50xas long as short
Deribit ENA_USDC-PERPETUAL0.0000%1h0.2092−0.105%$97K$1.9M50xas long as short
gTrade (Gains Network) ENA/USDL +0.0003% / S −0.0003%1h0.2092−0.105%$96K150xas long as short
Injective ENA/USDC PERP+0.0033%1h0.2123+1.404%$522$57K5.5xas long as short
Phoenix ENA+0.0076%1h0.2097+0.158%$5K$394K10xas long as short
Popdex ENAUSDT+0.0096%1h0.2091−0.143%$59K$541K50xas long as short
Paradex ENA-USD-PERP+0.0100%8h0.2091−0.129%$47K$22110xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado ENA-PERP+0.0100%1h0.2091−0.130%$656K$1.8M10xas long as short
Aster ENAUSDT+0.0100%4h0.2093−0.069%$1.5M$3.3M50xas long as short
Pacifica ENA+0.0100%1h0.2092−0.080%$402K$585K10xas long as short
Binance ENAUSDT+0.0100%4h0.2093−0.070%$129.0M$467.4M75xas long as short
Bybit ENAUSDT+0.0100%4h0.2093−0.043%$87.6M$193.3M50xas long as short
OKX ENA-USDT-SWAP+0.0100%4h0.20940.000%$20.2M$114.1M50xas long as short
Ondo Perps ENA-USD.P+0.0100%1h0.2090−0.191%$19K$433K5xas long as short
Arcus ENA-USD+0.0100%1h0.2092−0.096%$82K$223K10xas long as short
Bulk ENA-USDlong+0.0100%1h0.2094long leg$88K$2K10x
MEXC ENA_USDT+0.0100%4h0.2092−0.100%$44.7M$48.7M200xas long as short
KuCoin ENAUSDTM+0.0100%4h0.2092−0.081%$24.2M$16.6M75xas long as short
Bitget ENAUSDT+0.0100%4h0.2092−0.091%$47.4M$66.6M75xas long as short
BingX ENA-USDT+0.0100%4h0.2092−0.072%$32.0Mas long as short
Variational Omni ENA+0.0100%4h0.2095+0.046%$3.6M$10.2Mas long as short
edgeX ENAUSDC+0.0100%4h0.2091−0.147%$248K$8.0M20xas long as short
GRVT ENA_USDT_Perp+0.0100%4h0.2096+0.083%$353K$4.6M10xas long as short
ApeX Omni ENAUSDT+0.0100%1h0.2096+0.096%$32K$712K50xas long as short
Polymarket Perps ENA-USD+0.0100%1h0.2093−0.048%$181K$3.0M10xas long as short
SunX ENA-USDT+0.0100%4h0.2041−2.521%$1K$806K20xas long as short
SoDEX ENA-USD+0.0100%1h0.2091−0.143%$4K$14K10xas long as short
HTX ENA-USDT+0.0100%4h0.2094−0.010%$272K$1.6M50xas long as short
Phemex ENAUSDT+0.0100%4h0.2091−0.143%$1.8M$9.3M50xas long as short
Extended ENA-USD+0.0104%1h0.2091−0.121%$1.6M$4.1M50xas long as short
Aevo ENA-PERP+0.0104%1h0.2092−0.105%$77K$11K3xas long as short
Kraken Futures PF_ENAUSD+0.0104%1h0.2093−0.060%$2.7M$5.8M50xas long as short
GMX ENA/USD [ETH-USDC]L +0.0212% / S −0.0160%1h0.2092−0.087%$50K100xas long as short
Lighter ENA+0.0256%1h0.2094−0.010%$5.6M$13.1M10xas long as short
Hyperliquid ENA+0.0299%1h0.2093−0.043%$110.5M$80.7M10xas long as short
BloFin ENA-USDT+0.0340%4h0.2093−0.033%$5.5M$8.1M75xas long as short
Reya ENARUSDPERP+0.0412%1h0.2091−0.125%$1K$5K15xas long as short
Coinbase International ENA-PERP-INTX+0.0536%1h0.2101+0.325%$802K$2.2M50xas long as short
dYdX ENA-USD+0.9280%1h0.2092−0.097%$138K$12K5xas long as short