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

ENA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0096%/8h= −10.6% APRpaid last 24h −0.029%
Price spread now: gTrade (Gains Network) against GRVT−0.238%68s7-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 airdropGRVT: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.238% cheaper against GRVT than usual: you would sell low and buy high (−$24 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGRVT ENA_USDT_Perp0.21150.0100pay 0.0050% / 4h42m 00s$365K$4.9M10x
ShortgTrade (Gains Network) ENA/USD0.2110L +0.0004% / S −0.0004%get 0.0000% / 1h42m 00s$81K150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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

Funding earned
−$20.24
Price spread: −0.238% → 0.000%
−$23.81
Slippage, 4 orders
no order book: not counted
Fee GRVT: 4.5 bp × 2 orders
−$9
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$63.05
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: GRVT: live order book, 2 min ago; gTrade (Gains Network): 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 GRVT live order book, 2 min ago2.36 bp15.2 bp −$15108.8 bp −$1,088doesn't fitdoesn't fit
Sell gTrade (Gains Network) no order-book sample
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
Orderly PERP_ENA_USDC−0.0098%4h0.2109−0.279%$44K$17K10xas long as short
01 Exchange ENAUSD−0.0024%1h0.2109−0.265%$4K$27710xas long as short
Deribit ENA_USDC-PERPETUAL0.0000%1h0.2110−0.223%$54K$1.1M50xas long as short
gTrade (Gains Network) ENA/USDshortL +0.0004% / S −0.0004%1h0.2110−0.238%$81K150x
Injective ENA/USDC PERP+0.0033%1h0.2123+0.392%$522$57K5.5xas long as short
Lighter ENA+0.0096%1h0.2112−0.161%$5.0M$13.8M10xas long as short
Popdex ENAUSDT+0.0096%1h0.2109−0.289%$55K$478K50xas long as short
Paradex ENA-USD-PERP+0.0100%8h0.2109−0.307%$47K$11010xas long as short
Nado ENA-PERP+0.0100%1h0.2108−0.343%$561K$1.8M10xas long as short
Hyperliquid ENA+0.0100%1h0.2110−0.227%$114.4M$75.1M10xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster ENAUSDT+0.0100%4h0.2109−0.289%$1.4M$3.3M50xas long as short
Pacifica ENA+0.0100%1h0.2109−0.298%$405K$560K10xas long as short
Binance ENAUSDT+0.0100%4h0.2109−0.293%$128.2M$426.2M75xas long as short
Bybit ENAUSDT+0.0100%4h0.2106−0.412%$90.4M$187.1M50xas long as short
OKX ENA-USDT-SWAP+0.0100%4h0.2108−0.331%$21.2M$107.2M50xas long as short
Ondo Perps ENA-USD.P+0.0100%1h0.2102−0.643%$33K$317K5xas long as short
Arcus ENA-USD+0.0100%1h0.2108−0.336%$78K$281K10xas long as short
Bulk ENA-USD+0.0100%1h0.2113−0.106%$92K$51110xas long as short
Gate ENA_USDT+0.0100%4h0.2109−0.275%$12.8M$26.8M50xas long as short
MEXC ENA_USDT+0.0100%4h0.2108−0.345%$39.0M$42.8M200xas long as short
KuCoin ENAUSDTM+0.0100%4h0.2109−0.270%$24.9M$15.7M75xas long as short
Bitget ENAUSDT+0.0100%4h0.2107−0.388%$47.9M$59.8M75xas long as short
BingX ENA-USDT+0.0100%4h0.2108−0.317%$31.4Mas long as short
Backpack ENA_USDC_PERP+0.0100%1h0.2110−0.251%$412K$490K5xas long as short
Variational Omni ENA+0.0100%4h0.2121+0.290%$3.1M$10.1Mas long as short
edgeX ENAUSDC+0.0100%4h0.2123+0.363%$257K$7.1M20xas long as short
GRVT ENA_USDT_Perplong+0.0100%4h0.2115long leg$365K$4.9M10x
ApeX Omni ENAUSDT+0.0100%1h0.2117+0.090%$19K$647K50xas long as short
Polymarket Perps ENA-USD+0.0100%1h0.2110−0.223%$195K$2.6M10xas long as short
SunX ENA-USDT+0.0100%4h0.2059−2.638%$990$903K20xas long as short
SoDEX ENA-USD+0.0100%1h0.2110−0.241%$4K$7K10xas long as short
HTX ENA-USDT+0.0100%4h0.2109−0.270%$265K$817K50xas long as short
Phemex ENAUSDT+0.0100%4h0.2110−0.241%$1.8M$8.8M50xas long as short
Extended ENA-USD+0.0104%1h0.2106−0.424%$1.6M$4.3M50xas long as short
Aevo ENA-PERP+0.0104%1h0.2109−0.278%$74K$4K3xas long as short
Kraken Futures PF_ENAUSD+0.0149%1h0.2111−0.183%$2.6M$4.4M50xas long as short
Phoenix ENA+0.0190%1h0.2119+0.198%$8K$273K10xas long as short
GMX ENA/USD [ETH-USDC]L +0.0306% / S −0.0754%1h0.2110−0.247%$58K100xas long as short
BloFin ENA-USDT+0.0340%4h0.2097−0.832%$5.5M$3.3M75xas long as short
Reya ENARUSDPERP+0.0412%1h0.2109−0.268%$1K15xas long as short
Coinbase International ENA-PERP-INTX+0.0656%1h0.2116+0.038%$874K$1.8M50xas long as short
dYdX ENA-USD+0.0818%1h0.2107−0.380%$139K$16K5xas long as short