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−0.0200%/8h= −21.9% APRnext payment $0.25 per $10,000 · paid last 24h −0.064%
Price spread now: 01 Exchange against Extended−0.021%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 fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and 01 Exchange is 0.021% cheaper against Extended than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ENA-USD0.20960.0328pay 0.0041% / 1h21m 37s$1.6M$4.1M50x
Short01 Exchange ENAUSD0.20950.0128get 0.0016% / 1h21m 37s$4K$43210x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange against Extended. 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
−$42
Price spread: −0.021% → 0.000%
−$2.11
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$56.11
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: Extended: live order book, 2 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 Extended live order book, 2 min ago0.24 bp5.4 bp −$515.6 bp −$156doesn't fitdoesn't fit
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−0.0068%1h0.2097+0.084%$362K$447K5xas long as short
Orderly PERP_ENA_USDC−0.0053%4h0.2096+0.036%$41K$24K10xas long as short
Deribit ENA_USDC-PERPETUAL0.0000%1h0.2097+0.055%$92K$1.8M50xas long as short
gTrade (Gains Network) ENA/USDL +0.0003% / S −0.0003%1h0.2096+0.023%$101K150xas long as short
Injective ENA/USDC PERP+0.0033%1h0.2123+1.329%$522$57K5.5xas long as short
Kraken Futures PF_ENAUSD+0.0066%1h0.2098+0.094%$2.6M$5.5M50xas long as short
Popdex ENAUSDT+0.0096%1h0.2094−0.074%$61K$531K50xas long as short
Paradex ENA-USD-PERP+0.0100%8h0.2095−0.012%$47K$22110xas long as short
Nado ENA-PERP+0.0100%1h0.2093−0.119%$659K$1.8M10xas long as short
Aster ENAUSDT+0.0100%4h0.2096+0.044%$1.5M$3.3M50xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica ENA+0.0100%1h0.2096+0.036%$405K$578K10xas long as short
Binance ENAUSDT+0.0100%4h0.2096+0.037%$129.3M$456.1M75xas long as short
Bybit ENAUSDT+0.0100%4h0.2095−0.021%$87.2M$191.1M50xas long as short
OKX ENA-USDT-SWAP+0.0100%4h0.2095−0.007%$20.2M$111.4M50xas long as short
Ondo Perps ENA-USD.P+0.0100%1h0.2093−0.136%$15K$401K5xas long as short
Arcus ENA-USD+0.0100%1h0.2097+0.070%$82K$222K10xas long as short
Bulk ENA-USD+0.0100%1h0.2088−0.336%$88K$50010xas long as short
Gate ENA_USDT+0.0100%4h0.2097+0.051%$10.5M$21.3M50xas long as short
MEXC ENA_USDT+0.0100%4h0.2096+0.022%$45.8M$46.9M200xas long as short
KuCoin ENAUSDTM+0.0100%4h0.2097+0.070%$23.9M$16.5M75xas long as short
Bitget ENAUSDT+0.0100%4h0.2094−0.074%$47.3M$64.8M75xas long as short
BingX ENA-USDC+0.0100%4h0.2096+0.003%$6.5Mas long as short
Variational Omni ENA+0.0100%4h0.2089−0.298%$3.8M$10.3Mas long as short
edgeX ENAUSDC+0.0100%4h0.2093−0.142%$248K$7.8M20xas long as short
GRVT ENA_USDT_Perp+0.0100%4h0.2094−0.074%$354K$4.6M10xas long as short
ApeX Omni ENAUSDT+0.0100%1h0.2094−0.074%$32K$711K50xas long as short
Polymarket Perps ENA-USD+0.0100%1h0.2095−0.007%$181K$2.7M10xas long as short
SunX ENA-USDT+0.0100%4h0.2045−2.417%$978$815K20xas long as short
SoDEX ENA-USD+0.0100%1h0.2096+0.022%$4K$14K10xas long as short
HTX ENA-USDT+0.0100%4h0.2097+0.051%$272K$1.5M50xas long as short
Phemex ENAUSDT+0.0100%4h0.2095−0.026%$1.9M$9.2M50xas long as short
Aevo ENA-PERP+0.0104%1h0.2097+0.070%$77K$11K3xas long as short
Phoenix ENA+0.0115%1h0.2091−0.198%$5K$356K10xas long as short
01 Exchange ENAUSDshort+0.0128%1h0.2095−0.021%$4K$43210x
GMX ENA/USD [ETH-USDC]L +0.0237% / S −0.0404%1h0.2095−0.015%$38K100xas long as short
Extended ENA-USDlong+0.0328%1h0.2096long leg$1.6M$4.1M50x
BloFin ENA-USDT+0.0340%4h0.2092−0.193%$5.5M$8.0M75xas long as short
Reya ENARUSDPERP+0.0412%1h0.2094−0.060%$1K$5K15xas long as short
Lighter ENA+0.0512%1h0.2099+0.156%$5.6M$12.9M10xas long as short
Coinbase International ENA-PERP-INTX+0.0576%1h0.2097+0.093%$806K$2.1M50xas long as short
Hyperliquid ENA+0.0583%1h0.2099+0.189%$110.8M$78.9M10xas long as short
dYdX ENA-USD+0.1963%1h0.20960.000%$138K$15K5xas long as short