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

ENA

all ENA markets
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Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.015%
Price spread now: Bitget against Injective−0.198%91s7-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−0.174%−$17 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. Bitget is 0.198% cheaper against Injective than usual: you would sell low and buy high (spread −0.198% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$20 on $10k: about 9.9 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.174%, so the current rate has only just turned in your favour. The two prices were read 91 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% / 1h59m 45s$522$57K5.5x
ShortBitget ENAUSDT0.21190.0100get 0.0050% / 4h59m 45s$48.0M$64.8M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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: −0.198% → 0.000%
−$19.78
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$17.8
Costs to cover
0.120%
Break-even
15.9 days
Slippage unknown: Injective: no order-book sample; Bitget: live order book, 4 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 Bitget live order book, 4 min ago0.71 bp10.9 bp −$1117.5 bp −$17538.2 bp −$3,821doesn't fit
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
Orderly PERP_ENA_USDC−0.0036%4h0.2120−0.151%$41K$24K10xas long as short
Deribit ENA_USDC-PERPETUAL0.0000%1h0.2121−0.108%$92K$1.8M50xas long as short
gTrade (Gains Network) ENA/USDL +0.0003% / S −0.0003%1h0.2121−0.117%$105K150xas long as short
Backpack ENA_USDC_PERP+0.0012%1h0.2122−0.085%$375K$447K5xas long as short
Injective ENA/USDC PERPlong+0.0033%1h0.2123long leg$522$57K5.5x
Kraken Futures PF_ENAUSD+0.0065%1h0.2122−0.048%$2.7M$5.5M50xas long as short
Popdex ENAUSDT+0.0096%1h0.2120−0.160%$63K$530K50xas long as short
Nado ENA-PERP+0.0100%1h0.2122−0.045%$666K$1.8M10xas long as short
Aster ENAUSDT+0.0100%4h0.2121−0.136%$1.5M$3.3M50xas long as short
Pacifica ENA+0.0100%1h0.2120−0.179%$410K$575K10xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ENAUSDT+0.0100%4h0.2120−0.159%$131.1M$455.4M75xas long as short
Bybit ENAUSDT+0.0100%4h0.2118−0.264%$89.0M$191.2M50xas long as short
OKX ENA-USDT-SWAP+0.0100%4h0.2120−0.165%$20.5M$112.3M50xas long as short
Ondo Perps ENA-USD.P+0.0100%1h0.2117−0.283%$15K$400K5xas long as short
Arcus ENA-USD+0.0100%1h0.2121−0.113%$83K$220K10xas long as short
Bulk ENA-USD+0.0100%1h0.2122−0.085%$89K$50010xas long as short
Gate ENA_USDT+0.0100%4h0.2121−0.127%$10.8M$21.6M50xas long as short
MEXC ENA_USDT+0.0100%4h0.2120−0.141%$46.7M$47.3M200xas long as short
KuCoin ENAUSDTM+0.0100%4h0.2122−0.066%$24.2M$16.4M75xas long as short
Bitget ENAUSDTshort+0.0100%4h0.2119−0.198%$48.0M$64.8M75x
BingX ENA-USDC+0.0100%4h0.2120−0.141%$6.5Mas long as short
Variational Omni ENA+0.0100%4h0.2115−0.388%$3.8M$10.3Mas long as short
edgeX ENAUSDC+0.0100%4h0.2112−0.544%$251K$7.7M20xas long as short
GRVT ENA_USDT_Perp+0.0100%4h0.2107−0.772%$349K$4.6M10xas long as short
ApeX Omni ENAUSDT+0.0100%1h0.2111−0.584%$32K$710K50xas long as short
Polymarket Perps ENA-USD+0.0100%1h0.2122−0.066%$178K$2.6M10xas long as short
SunX ENA-USDT+0.0100%4h0.2069−2.581%$1K$819K20xas long as short
SoDEX ENA-USD+0.0100%1h0.2121−0.113%$4K$14K10xas long as short
HTX ENA-USDT+0.0100%4h0.2123−0.009%$275K$1.5M50xas long as short
Phemex ENAUSDT+0.0100%4h0.2119−0.207%$2.0M$9.2M50xas long as short
Paradex ENA-USD-PERP+0.0100%8h0.2119−0.190%$47K$22110xas long as short
Aevo ENA-PERP+0.0104%1h0.2121−0.127%$78K$11K3xas long as short
Phoenix ENA+0.0115%1h0.2109−0.655%$5K$356K10xas long as short
01 Exchange ENAUSD+0.0152%1h0.2121−0.108%$4K$31210xas long as short
GMX ENA/USD [ETH-USDC]L +0.0250% / S −0.0434%1h0.2121−0.133%$38K100xas long as short
BloFin ENA-USDT+0.0340%4h0.2117−0.306%$5.6M$8.1M75xas long as short
Extended ENA-USD+0.0352%1h0.2120−0.145%$1.6M$4.2M50xas long as short
Reya ENARUSDPERP+0.0412%1h0.2120−0.141%$1K$5K15xas long as short
Hyperliquid ENA+0.0452%1h0.2124+0.013%$112.3M$78.6M10xas long as short
Lighter ENA+0.0560%1h0.2121−0.104%$5.7M$12.8M10xas long as short
Coinbase International ENA-PERP-INTX+0.0576%1h0.2124+0.052%$839K$2.2M50xas long as short
dYdX ENA-USD+0.1985%1h0.2120−0.158%$140K$15K5xas long as short