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

ENA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0358%/8h= −39.2% APRnext payment $0.45 per $10,000 · paid last 24h −0.143%
Price spread now: 01 Exchange against Hyperliquid−0.115%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 airdropHyperliquid: Season 2 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and 01 Exchange is 0.115% cheaper against Hyperliquid than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid ENA0.20940.0350pay 0.0044% / 1h13m 15s$110.4M$80.8M10x
Short01 Exchange ENAUSD0.2091−0.0008pay 0.0001% / 1h13m 15s$4K$43210x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange against Hyperliquid. 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
−$75.18
Price spread: −0.115% → 0.000%
−$11.46
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$102.65
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 11 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 Hyperliquid live order book, 11 min ago0.24 bp7.6 bp −$8doesn't fitdoesn'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−0.0280%1h0.2094+0.043%$360K$484K5xas long as short
Orderly PERP_ENA_USDC−0.0083%4h0.2091−0.119%$41K$23K10xas long as short
01 Exchange ENAUSDshort−0.0008%1h0.2091−0.115%$4K$43210x
Deribit ENA_USDC-PERPETUAL0.0000%1h0.2092−0.096%$92K$1.8M50xas long as short
gTrade (Gains Network) ENA/USDL +0.0003% / S −0.0003%1h0.2091−0.101%$96K150xas long as short
Injective ENA/USDC PERP+0.0033%1h0.2123+1.428%$522$57K5.5xas long as short
Gate ENA_USDT+0.0058%4h0.2091−0.143%$10.4M$21.7M50xas long as short
Phoenix ENA+0.0076%1h0.2094+0.048%$5K$394K10xas long as short
Popdex ENAUSDT+0.0096%1h0.2090−0.167%$59K$538K50xas long as short
Paradex ENA-USD-PERP+0.0100%8h0.2091−0.138%$47K$22110xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado ENA-PERP+0.0100%1h0.2091−0.105%$656K$1.8M10xas long as short
Aster ENAUSDT+0.0100%4h0.2093−0.019%$1.5M$3.3M50xas long as short
Pacifica ENA+0.0100%1h0.2092−0.069%$405K$593K10xas long as short
Binance ENAUSDT+0.0100%4h0.2091−0.139%$128.9M$465.5M75xas long as short
Bybit ENAUSDT+0.0100%4h0.2090−0.182%$87.2M$193.4M50xas long as short
OKX ENA-USDT-SWAP+0.0100%4h0.2091−0.134%$20.2M$113.4M50xas long as short
Ondo Perps ENA-USD.P+0.0100%1h0.2100+0.330%$19K$424K5xas long as short
Arcus ENA-USD+0.0100%1h0.2092−0.072%$82K$223K10xas long as short
Bulk ENA-USD+0.0100%1h0.2107+0.645%$89K$2K10xas long as short
MEXC ENA_USDT+0.0100%4h0.2091−0.143%$45.8M$49.3M200xas long as short
KuCoin ENAUSDTM+0.0100%4h0.2092−0.053%$24.2M$16.5M75xas long as short
Bitget ENAUSDT+0.0100%4h0.2090−0.162%$47.3M$66.1M75xas long as short
BingX ENA-USDT+0.0100%4h0.2091−0.119%$32.0Mas long as short
Variational Omni ENA+0.0100%4h0.2096+0.141%$3.8M$10.4Mas long as short
edgeX ENAUSDC+0.0100%4h0.2098+0.196%$249K$8.0M20xas long as short
GRVT ENA_USDT_Perp+0.0100%4h0.2100+0.293%$351K$4.6M10xas long as short
ApeX Omni ENAUSDT+0.0100%1h0.2098+0.215%$32K$711K50xas long as short
Polymarket Perps ENA-USD+0.0100%1h0.2091−0.100%$182K$3.0M10xas long as short
SunX ENA-USDT+0.0100%4h0.2040−2.546%$925$809K20xas long as short
SoDEX ENA-USD+0.0100%1h0.2091−0.119%$4K$14K10xas long as short
HTX ENA-USDT+0.0100%4h0.2096+0.115%$272K$1.6M50xas long as short
Phemex ENAUSDT+0.0100%4h0.2091−0.119%$1.9M$9.3M50xas long as short
Aevo ENA-PERP+0.0104%1h0.2092−0.075%$77K$11K3xas long as short
Kraken Futures PF_ENAUSD+0.0104%1h0.2092−0.090%$2.6M$5.8M50xas long as short
Extended ENA-USD+0.0176%1h0.2090−0.169%$1.6M$4.2M50xas long as short
GMX ENA/USD [ETH-USDC]L +0.0214% / S −0.0163%1h0.2091−0.109%$50K100xas long as short
Lighter ENA+0.0312%1h0.2094+0.010%$5.6M$13.2M10xas long as short
BloFin ENA-USDT+0.0340%4h0.2091−0.105%$5.5M$8.1M75xas long as short
Hyperliquid ENAlong+0.0350%1h0.2094long leg$110.4M$80.8M10x
Reya ENARUSDPERP+0.0412%1h0.2090−0.167%$1K$5K15xas long as short
Coinbase International ENA-PERP-INTX+0.0536%1h0.2103+0.454%$805K$2.1M50xas long as short
dYdX ENA-USD+0.5658%1h0.2094+0.044%$138K$15K5xas long as short