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

ENA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.1800%/8h= −197.1% APRnext payment $2.25 per $10,000 · paid last 24h −0.751%
Price spread now: 01 Exchange against dYdX+0.078%7-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. 01 Exchange is 0.078% dearer against dYdX than usual: you sell high and buy low (spread +0.078% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$54 a day in funding at the current rate, which eats that in about 3 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX ENA-USD0.20950.1904pay 0.0238% / 1h32m 49s$138K$15K5x
Short01 Exchange ENAUSD0.20970.0104get 0.0013% / 1h32m 49s$4K$43210x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange against dYdX. 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
−$378.01
Price spread: +0.078% → 0.000%
$7.84
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$387.16
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: dYdX: live order book, 51 min ago; 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 dYdX live order book, 51 min ago74.05 bp249.8 bp −$250475.0 bp −$4,750648.8 bp −$64.9K1405.5 bp −$702.8K
Sell 01 Exchange no order-book sample
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−0.0074%1h0.2095−0.007%$361K$481K5xas long as short
Orderly PERP_ENA_USDC−0.0063%4h0.2093−0.089%$40K$24K10xas long as short
Deribit ENA_USDC-PERPETUAL0.0000%1h0.2094−0.031%$93K$1.8M50xas long as short
gTrade (Gains Network) ENA/USDL +0.0003% / S −0.0003%1h0.2095−0.007%$96K150xas long as short
Injective ENA/USDC PERP+0.0033%1h0.2123+1.348%$522$57K5.5xas long as short
Kraken Futures PF_ENAUSD+0.0066%1h0.2096+0.036%$2.6M$5.6M50xas long as short
Popdex ENAUSDT+0.0096%1h0.2095−0.007%$61K$535K50xas long as short
Paradex ENA-USD-PERP+0.0100%8h0.2096+0.047%$47K$22110xas long as short
Nado ENA-PERP+0.0100%1h0.2096+0.021%$658K$1.8M10xas long as short
Aster ENAUSDT+0.0100%4h0.2094−0.040%$1.5M$3.3M50xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica ENA+0.0100%1h0.2096+0.059%$406K$581K10xas long as short
Binance ENAUSDT+0.0100%4h0.2092−0.129%$128.9M$457.9M75xas long as short
Bybit ENAUSDT+0.0100%4h0.2091−0.194%$87.0M$191.3M50xas long as short
OKX ENA-USDT-SWAP+0.0100%4h0.2091−0.179%$20.2M$112.0M50xas long as short
Ondo Perps ENA-USD.P+0.0100%1h0.2094−0.046%$15K$411K5xas long as short
Arcus ENA-USD+0.0100%1h0.2097+0.088%$82K$222K10xas long as short
Bulk ENA-USD+0.0100%1h0.2098+0.128%$88K$1K10xas long as short
Gate ENA_USDT+0.0100%4h0.2092−0.146%$10.4M$21.2M50xas long as short
MEXC ENA_USDT+0.0100%4h0.2092−0.146%$45.1M$46.8M200xas long as short
KuCoin ENAUSDTM+0.0100%4h0.2095−0.017%$23.9M$16.5M75xas long as short
Bitget ENAUSDT+0.0100%4h0.2090−0.241%$47.3M$65.2M75xas long as short
BingX ENA-USDT+0.0100%4h0.2092−0.146%$32.9Mas long as short
Variational Omni ENA+0.0100%4h0.2091−0.207%$3.8M$10.4Mas long as short
edgeX ENAUSDC+0.0100%4h0.2092−0.155%$248K$7.8M20xas long as short
GRVT ENA_USDT_Perp+0.0100%4h0.2093−0.111%$353K$4.6M10xas long as short
ApeX Omni ENAUSDT+0.0100%1h0.2093−0.103%$32K$712K50xas long as short
Polymarket Perps ENA-USD+0.0100%1h0.2095+0.002%$188K$2.7M10xas long as short
SunX ENA-USDT+0.0100%4h0.2044−2.423%$1K$814K20xas long as short
SoDEX ENA-USD+0.0100%1h0.2094−0.055%$4K$14K10xas long as short
HTX ENA-USDT+0.0100%4h0.2097+0.083%$272K$1.5M50xas long as short
Phemex ENAUSDT+0.0100%4h0.2094−0.055%$1.9M$9.2M50xas long as short
01 Exchange ENAUSDshort+0.0104%1h0.2097+0.078%$4K$43210x
Aevo ENA-PERP+0.0104%1h0.2094−0.040%$77K$11K3xas long as short
Phoenix ENA+0.0115%1h0.2095−0.027%$5K$356K10xas long as short
GMX ENA/USD [ETH-USDC]L +0.0230% / S −0.0387%1h0.2094−0.039%$38K100xas long as short
Extended ENA-USD+0.0288%1h0.2091−0.179%$1.6M$4.2M50xas long as short
BloFin ENA-USDT+0.0340%4h0.2094−0.041%$5.5M$8.0M75xas long as short
Reya ENARUSDPERP+0.0412%1h0.2094−0.037%$1K$5K15xas long as short
Lighter ENA+0.0504%1h0.2096+0.055%$5.6M$12.9M10xas long as short
Hyperliquid ENA+0.0568%1h0.2097+0.093%$110.8M$79.6M10xas long as short
Coinbase International ENA-PERP-INTX+0.0576%1h0.2101+0.288%$808K$2.1M50xas long as short
dYdX ENA-USDlong+0.1904%1h0.2095long leg$138K$15K5x