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+0.0067%/8h= +7.3% APRpaid last 24h +0.023%
Price spread now: BingX against Injective−0.457%102s7-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 7 days−0.161%−$16 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. BingX is 0.457% cheaper against Injective than usual: you would sell low and buy high (spread −0.457% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$46 on $10k: about 23 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.161%, so the current rate has only just turned in your favour. The two prices were read 102 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective ENA/USDC PERP0.21230.0033pay 0.0004% / 1h3m 39s$522$57K5.5x
ShortBingX ENA-USDT0.21140.0100get 0.0050% / 4h3m 39s$32.3M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Injective. 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
$14
Price spread: −0.457% → 0.000%
−$45.68
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee BingX: 5 bp × 2 orders
−$10
Net
−$41.7
Costs to cover
0.100%
Break-even
27.9 days
Slippage unknown: Injective: no order-book sample; BingX: live order book, 10 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 Injective no order-book sample
Sell BingX live order book, 10 min ago0.94 bp6.6 bp −$78.6 bp −$8614.5 bp −$1,44732.0 bp −$16.0K
Injective: 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−0.0135%1h0.2110−0.608%$361K$401K5xas long as short
Orderly PERP_ENA_USDC−0.0081%4h0.2109−0.669%$44K$25K10xas long as short
01 Exchange ENAUSD−0.0024%1h0.2115−0.381%$4K$30210xas long as short
Deribit ENA_USDC-PERPETUAL0.0000%1h0.2109−0.678%$73K$1.1M50xas long as short
gTrade (Gains Network) ENA/USDL +0.0004% / S −0.0004%1h0.2109−0.663%$82K150xas long as short
Injective ENA/USDC PERPlong+0.0033%1h0.2123long leg$522$57K5.5x
Phoenix ENA+0.0076%1h0.2110−0.631%$8K$266K10xas long as short
Popdex ENAUSDT+0.0096%1h0.2114−0.443%$56K$475K50xas long as short
Paradex ENA-USD-PERP+0.0100%8h0.2113−0.478%$47K$11010xas long as short
Nado ENA-PERP+0.0100%1h0.2114−0.419%$659K$1.7M10xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster ENAUSDT+0.0100%4h0.2113−0.503%$1.5M$3.2M50xas long as short
Pacifica ENA+0.0100%1h0.2114−0.449%$403K$521K10xas long as short
Binance ENAUSDT+0.0100%4h0.2115−0.382%$128.6M$415.9M75xas long as short
Bybit ENAUSDT+0.0100%4h0.2116−0.367%$85.4M$175.2M50xas long as short
OKX ENA-USDT-SWAP+0.0100%4h0.2116−0.339%$21.1M$103.9M50xas long as short
Ondo Perps ENA-USD.P+0.0100%1h0.2105−0.852%$20K$323K5xas long as short
Arcus ENA-USD+0.0100%1h0.2115−0.396%$79K$276K10xas long as short
Bulk ENA-USD+0.0100%1h0.2107−0.796%$92K$4K10xas long as short
Gate ENA_USDT+0.0100%4h0.2114−0.419%$11.1M$22.3M50xas long as short
MEXC ENA_USDT+0.0100%4h0.2114−0.447%$46.1M$41.6M200xas long as short
KuCoin ENAUSDTM+0.0100%4h0.2114−0.447%$25.0M$15.7M75xas long as short
Bitget ENAUSDT+0.0100%4h0.2113−0.490%$48.0M$57.6M75xas long as short
BingX ENA-USDTshort+0.0100%4h0.2114−0.457%$32.3M
Variational Omni ENA+0.0100%4h0.2105−0.877%$3.0M$10.0Mas long as short
edgeX ENAUSDC+0.0100%4h0.2107−0.781%$243K$6.9M20xas long as short
GRVT ENA_USDT_Perp+0.0100%4h0.2108−0.717%$358K$5.0M10xas long as short
ApeX Omni ENAUSDT+0.0100%1h0.2108−0.725%$20K$650K50xas long as short
Polymarket Perps ENA-USD+0.0100%1h0.2110−0.631%$178K$2.3M10xas long as short
SunX ENA-USDT+0.0100%4h0.2057−3.122%$1K$850K20xas long as short
SoDEX ENA-USD+0.0100%1h0.2109−0.678%$4K$7K10xas long as short
HTX ENA-USDT+0.0100%4h0.2111−0.579%$273K$796K50xas long as short
Phemex ENAUSDT+0.0100%4h0.2110−0.631%$1.8M$8.8M50xas long as short
Extended ENA-USD+0.0104%1h0.2113−0.495%$1.6M$4.2M50xas long as short
Aevo ENA-PERP+0.0104%1h0.2109−0.680%$74K$4K3xas long as short
dYdX ENA-USD+0.0159%1h0.2112−0.523%$140K$15K5xas long as short
Lighter ENA+0.0168%1h0.2116−0.358%$5.2M$13.5M10xas long as short
Hyperliquid ENA+0.0202%1h0.2117−0.311%$115.3M$74.8M10xas long as short
Kraken Futures PF_ENAUSD+0.0243%1h0.2111−0.602%$2.6M$4.3M50xas long as short
GMX ENA/USD [ETH-USDC]L +0.0306% / S −0.0358%1h0.2110−0.643%$70K100xas long as short
BloFin ENA-USDT+0.0340%4h0.2107−0.768%$5.6M$3.0M75xas long as short
Reya ENARUSDPERP+0.0412%1h0.2108−0.704%$1K$5K15xas long as short
Coinbase International ENA-PERP-INTX+0.0632%1h0.2128+0.221%$870K$1.7M50xas long as short