Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Aevo against GRVT−0.633%71s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on GRVT Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.007%+$1 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aevo is 0.633% cheaper against GRVT than usual: you would sell low and buy high, −$63 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 71 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT ENA_USDT_Perp	0.2152	0.0100	pay 0.0050% / 4h	3h 39m	$359K	$4.8M	10x
Short	Aevo ENA-PERP	0.2138	0.0104	get 0.0013% / 1h	39m 50s	$75K	$4K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against GRVT. 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

Position, each leg$Hold fordaysFee GRVTbpFee AevobpOrdersPrice spread, now −0.633%Rate

Funding earned: $0.84
Price spread: −0.633% → 0.000%: −$63.34
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$87.5
Costs to cover: 0.250%
Break-even: 736.2 days

Slippage unknown: GRVT: live order book, 4 min ago; Aevo: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy GRVT live order book, 4 min ago	4.64 bp	16.8 bp −$17	61.2 bp −$612	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ENA_USDC	−0.0092%	4h	0.2137	−0.685%	$44K	$16K	10x	as long as short
01 Exchange ENAUSD	−0.0088%	1h	0.2137	−0.657%	$4K	$277	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2139	−0.606%	$76K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2138	−0.623%	$83K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−1.312%	$522	$57K	5.5x	as long as short
dYdX ENA-USD	+0.0083%	1h	0.2140	−0.526%	$141K	$16K	5x	as long as short
Lighter ENA	+0.0096%	1h	0.2141	−0.475%	$4.9M	$12.9M	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2138	−0.633%	$52K	$493K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2139	−0.589%	$48K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2137	−0.678%	$565K	$1.8M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid ENA	+0.0100%	1h	0.2141	−0.493%	$116.6M	$76.2M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2140	−0.543%	$1.4M	$3.4M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2139	−0.610%	$413K	$563K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2140	−0.552%	$130.8M	$432.2M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2139	−0.592%	$88.9M	$194.4M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2139	−0.582%	$21.1M	$110.3M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2148	−0.183%	$28K	$320K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2139	−0.587%	$79K	$282K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2157	+0.270%	$94K	$511	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2139	−0.578%	$13.3M	$27.3M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2140	−0.559%	$40.9M	$43.1M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2141	−0.513%	$25.2M	$16.0M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2137	−0.671%	$48.4M	$61.3M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2140	−0.564%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2139	−0.592%	$3.1M	$9.8M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2163	+0.529%	$257K	$7.1M	20x	as long as short
GRVT ENA_USDT_Perplong	+0.0100%	4h	0.2152	long leg	$359K	$4.8M	10x
ApeX Omni ENAUSDT	+0.0100%	1h	0.2161	+0.436%	$19K	$646K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2139	−0.582%	$176K	$2.7M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2089	−2.906%	$1K	$928K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2139	−0.587%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2141	−0.508%	$265K	$837K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2141	−0.494%	$1.9M	$8.9M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2139	−0.609%	$1.7M	$4.5M	50x	as long as short
Aevo ENA-PERPshort	+0.0104%	1h	0.2138	−0.633%	$75K	$4K	3x
Phoenix ENA	+0.0150%	1h	0.2146	−0.257%	$14K	$267K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0195%	1h	0.2140	−0.549%	$2.6M	$4.4M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0309% / S −0.0754%	1h	0.2157	+0.228%	$59K	—	100x	as long as short
Backpack ENA_USDC_PERP	+0.0334%	1h	0.2140	−0.540%	$416K	$478K	5x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2136	−0.712%	$5.6M	$3.5M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2137	−0.668%	$1K	—	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0544%	1h	0.2157	+0.226%	$801K	$2.0M	50x	as long as short