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

ENA

all ENA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0097%/8h= +10.6% APRnext payment +$0.12 per $10,000 · paid last 24h +0.030%
Price spread now: Nado against gTrade (Gains Network)+0.041%54s7-day average −0.011% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$3343.337% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.112%+$11 on $10k
Price spread, last 3 days (all we have)−0.180%−$18 · spread now +0.041%, 7d avg −0.011%
Together, before fees−0.068%+ Points / potential airdropNado: Active · farm board−$7 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Nado is 0.052% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.011%. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) ENA/USD0.2118L +0.0003% / S −0.0003%pay 0.0000% / 1h37m 30s$97K150x
ShortNado ENA-PERP0.21180.0100get 0.0012% / 1h37m 30s$674K$1.7M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado 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
$20.28
Price spread: +0.041% → −0.011%
$5.16
Slippage, 4 orders
−$316.74
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee Nado: 3.5 bp × 2 orders
−$7
Net
−$308.29
Costs to cover
3.337%
Break-even
113.4 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 17 min ago; Nado: live order book, 1 min ago.

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) virtual book (oracle venue), 17 min ago130.03 bp186.1 bp −$1861556.6 bp −$15.6K15425.0 bp −$1.54Mdoesn't fit
Sell Nado live order book, 1 min ago0.71 bp5.0 bp −$518.5 bp −$185doesn't fitdoesn't fit

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−0.0012%1h0.2119+0.090%$377K$417K5xas long as short
Deribit ENA_USDC-PERPETUAL0.0000%1h0.2118+0.029%$86K$1.7M50xas long as short
gTrade (Gains Network) ENA/USDlongL +0.0003% / S −0.0003%1h0.2118long leg$97K150x
Orderly PERP_ENA_USDC+0.0024%4h0.2117−0.004%$41K$23K10xas long as short
Injective ENA/USDC PERP+0.0033%1h0.2123+0.274%$522$57K5.5xas long as short
dYdX ENA-USD+0.0035%1h0.2117−0.024%$140K$15K5xas long as short
Popdex ENAUSDT+0.0096%1h0.2118+0.019%$62K$524K50xas long as short
Nado ENA-PERPshort+0.0100%1h0.2118+0.041%$674K$1.7M10x
Aster ENAUSDT+0.0100%4h0.2120+0.114%$1.5M$3.3M50xas long as short
Pacifica ENA+0.0100%1h0.2119+0.071%$411K$552K10xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ENAUSDT+0.0100%4h0.2118+0.038%$131.4M$445.4M75xas long as short
Bybit ENAUSDT+0.0100%4h0.2117−0.004%$89.1M$186.5M50xas long as short
OKX ENA-USDT-SWAP+0.0100%4h0.2119+0.057%$20.8M$109.1M50xas long as short
Ondo Perps ENA-USD.P+0.0100%1h0.2119+0.043%$15K$399K5xas long as short
Arcus ENA-USD+0.0100%1h0.2120+0.114%$97K$236K10xas long as short
Bulk ENA-USD+0.0100%1h0.2117−0.051%$89K−$010xas long as short
Gate ENA_USDT+0.0100%4h0.2118+0.010%$10.8M$20.8M50xas long as short
MEXC ENA_USDT+0.0100%4h0.2118+0.038%$46.3M$44.2M200xas long as short
KuCoin ENAUSDTM+0.0100%4h0.2120+0.133%$24.4M$16.6M75xas long as short
Bitget ENAUSDT+0.0100%4h0.2117−0.018%$48.0M$61.7M75xas long as short
BingX ENA-USDC+0.0100%4h0.2118+0.034%$6.5Mas long as short
Variational Omni ENA+0.0100%4h0.2118+0.020%$3.9M$10.1Mas long as short
edgeX ENAUSDC+0.0100%4h0.2117−0.006%$247K$7.5M20xas long as short
GRVT ENA_USDT_Perp+0.0100%4h0.2117−0.028%$356K$4.7M10xas long as short
ApeX Omni ENAUSDT+0.0100%1h0.2118+0.019%$34K$709K50xas long as short
Polymarket Perps ENA-USD+0.0100%1h0.2119+0.048%$179K$2.4M10xas long as short
SunX ENA-USDT+0.0100%4h0.2068−2.347%$873$828K20xas long as short
SoDEX ENA-USD+0.0100%1h0.2118+0.019%$4K$10K10xas long as short
HTX ENA-USDT+0.0100%4h0.2119+0.090%$275K$1.4M50xas long as short
Phemex ENAUSDT+0.0100%4h0.2118+0.019%$1.9M$9.4M50xas long as short
Paradex ENA-USD-PERP+0.0100%8h0.2118+0.036%$47K$22110xas long as short
Aevo ENA-PERP+0.0104%1h0.2118+0.026%$74K$4K3xas long as short
Phoenix ENA+0.0150%1h0.2119+0.057%$7K$347K10xas long as short
01 Exchange ENAUSD+0.0224%1h0.2120+0.104%$4K$30210xas long as short
Kraken Futures PF_ENAUSD+0.0236%1h0.2119+0.084%$2.7M$5.1M50xas long as short
GMX ENA/USD [ETH-USDC]L +0.0250% / S −0.0434%1h0.2117−0.008%$38K100xas long as short
Extended ENA-USD+0.0272%1h0.2117−0.013%$1.6M$4.3M50xas long as short
BloFin ENA-USDT+0.0340%4h0.2119+0.048%$5.6M$3.8M75xas long as short
Reya ENARUSDPERP+0.0412%1h0.2118+0.013%$1K$5K15xas long as short
Lighter ENA+0.0600%1h0.2121+0.142%$5.6M$12.6M10xas long as short
Coinbase International ENA-PERP-INTX+0.0608%1h0.2120+0.104%$837K$1.9M50xas long as short
Hyperliquid ENA+0.0699%1h0.2122+0.208%$114.4M$75.3M10xas long as short