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

ENA

all ENA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0652%/8h= +71.4% APRnext payment +$0.82 per $10,000 · paid last 24h +0.171%
Price spread now: Coinbase International against gTrade (Gains Network)−0.061%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 pays, the price is against you. Coinbase International is 0.061% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.061% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 7 hours of funding at the current rate (+$20 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) ENA/USD0.2109L +0.0004% / S −0.0004%pay 0.0000% / 1h30m 52s$82K150x
ShortCoinbase International ENA-PERP-INTX0.21080.0656get 0.0082% / 1h30m 52s$861K$1.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against gTrade (Gains Network). 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
$136.99
Price spread: −0.061% → 0.000%
−$6.07
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$110.92
Costs to cover
0.200%
Break-even
1.3 days
Slippage unknown: gTrade (Gains Network): no order-book sample; Coinbase International: live order book, 3 min ago. 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 gTrade (Gains Network) no order-book sample
Sell Coinbase International live order book, 3 min ago8.31 bp24.3 bp −$2428.8 bp −$288doesn't fitdoesn't fit
gTrade (Gains Network): 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−0.0119%1h0.2111+0.086%$360K$403K5xas long as short
Orderly PERP_ENA_USDC−0.0097%4h0.2109+0.001%$44K$26K10xas long as short
Deribit ENA_USDC-PERPETUAL0.0000%1h0.2110+0.053%$73K$1.1M50xas long as short
gTrade (Gains Network) ENA/USDlongL +0.0004% / S −0.0004%1h0.2109long leg$82K150x
Injective ENA/USDC PERP+0.0033%1h0.2123+0.669%$522$57K5.5xas long as short
01 Exchange ENAUSD+0.0048%1h0.2108−0.070%$4K$27710xas long as short
Popdex ENAUSDT+0.0096%1h0.2107−0.108%$56K$465K50xas long as short
Paradex ENA-USD-PERP+0.0100%8h0.2101−0.380%$47K$11010xas long as short
Nado ENA-PERP+0.0100%1h0.2109−0.027%$656K$1.7M10xas long as short
Aster ENAUSDT+0.0100%4h0.2109−0.008%$1.5M$3.2M50xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica ENA+0.0100%1h0.2104−0.267%$401K$513K10xas long as short
Binance ENAUSDT+0.0100%4h0.2109−0.023%$127.9M$414.0M75xas long as short
Bybit ENAUSDT+0.0100%4h0.2108−0.061%$85.3M$174.5M50xas long as short
OKX ENA-USDT-SWAP+0.0100%4h0.2108−0.051%$21.0M$103.6M50xas long as short
Ondo Perps ENA-USD.P+0.0100%1h0.2100−0.459%$22K$332K5xas long as short
Arcus ENA-USD+0.0100%1h0.2108−0.061%$78K$276K10xas long as short
Bulk ENA-USD+0.0100%1h0.2098−0.535%$92K$4K10xas long as short
Gate ENA_USDT+0.0100%4h0.2109−0.013%$11.2M$22.4M50xas long as short
MEXC ENA_USDT+0.0100%4h0.2109−0.009%$45.7M$41.0M200xas long as short
KuCoin ENAUSDTM+0.0100%4h0.2110+0.029%$24.9M$15.6M75xas long as short
Bitget ENAUSDT+0.0100%4h0.2106−0.170%$47.8M$57.7M75xas long as short
BingX ENA-USDT+0.0100%4h0.2109−0.037%$31.7Mas long as short
Variational Omni ENA+0.0100%4h0.2109+0.005%$3.0M$10.0Mas long as short
edgeX ENAUSDC+0.0100%4h0.2099−0.476%$241K$6.9M20xas long as short
GRVT ENA_USDT_Perp+0.0100%4h0.2101−0.394%$352K$5.0M10xas long as short
ApeX Omni ENAUSDT+0.0100%1h0.2102−0.345%$20K$651K50xas long as short
Polymarket Perps ENA-USD+0.0100%1h0.2110+0.020%$192K$2.4M10xas long as short
SunX ENA-USDT+0.0100%4h0.2057−2.460%$1K$852K20xas long as short
SoDEX ENA-USD+0.0100%1h0.2110+0.034%$4K$7K10xas long as short
HTX ENA-USDT+0.0100%4h0.2104−0.231%$273K$789K50xas long as short
Phemex ENAUSDT+0.0100%4h0.2109−0.013%$1.7M$8.9M50xas long as short
Extended ENA-USD+0.0104%1h0.2108−0.064%$1.6M$4.2M50xas long as short
Aevo ENA-PERP+0.0104%1h0.2111+0.064%$74K$4K3xas long as short
Phoenix ENA+0.0113%1h0.2103−0.302%$8K$274K10xas long as short
Kraken Futures PF_ENAUSD+0.0173%1h0.2111+0.068%$2.6M$4.3M50xas long as short
Lighter ENA+0.0200%1h0.2110+0.044%$5.2M$13.3M10xas long as short
Hyperliquid ENA+0.0255%1h0.2109+0.001%$114.7M$74.1M10xas long as short
GMX ENA/USD [ETH-USDC]L +0.0306% / S −0.0358%1h0.2110+0.017%$70K100xas long as short
BloFin ENA-USDT+0.0340%4h0.2110+0.044%$5.5M$3.0M75xas long as short
Reya ENARUSDPERP+0.0412%1h0.2109−0.031%$1K$5K15xas long as short
Coinbase International ENA-PERP-INTXshort+0.0656%1h0.2108−0.061%$861K$1.7M50x
dYdX ENA-USD+0.1091%1h0.2104−0.264%$139K$15K5xas long as short