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

ENA

all ENA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h +0.023%
Price spread now: Ondo Perps against Injective−0.075%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 7 days−0.168%−$17 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories
Funding pays, the price is against you. Ondo Perps is 0.075% cheaper against Injective than usual: you would sell low and buy high (spread −0.075% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 3.8 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.168%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective ENA/USDC PERP0.21220.0033pay 0.0004% / 1h22m 58s$734$57K5.5x
ShortOndo Perps ENA-USD.P0.21200.0100get 0.0013% / 1h22m 58s$38K$327K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps 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: −0.075% → 0.000%
−$7.54
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
$1.44
Costs to cover
0.050%
Break-even
6.3 days
Slippage unknown: Injective: no order-book sample; Ondo Perps: 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 Injective no order-book sample
Sell Ondo Perps no order-book sample
Injective and Ondo Perps: 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
Phemex ENAUSDT−0.0232%4h0.2136+0.664%$1.8M$8.9M50xas long as short
01 Exchange ENAUSD−0.0120%1h0.2134+0.561%$4K$16910xas long as short
Orderly PERP_ENA_USDC−0.0104%4h0.2139+0.815%$44K$15K10xas long as short
Deribit ENA_USDC-PERPETUAL0.0000%1h0.2141+0.905%$76K$1.1M50xas long as short
gTrade (Gains Network) ENA/USDL +0.0004% / S −0.0004%1h0.2139+0.828%$82K150xas long as short
Injective ENA/USDC PERPlong+0.0033%1h0.2122long leg$734$57K5.5x
Bitget ENAUSDT+0.0078%4h0.2136+0.650%$48.3M$61.1M75xas long as short
Gate ENA_USDT+0.0092%4h0.2138+0.754%$13.4M$27.9M50xas long as short
Lighter ENA+0.0096%1h0.2140+0.877%$5.0M$13.0M10xas long as short
Popdex ENAUSDT+0.0096%1h0.2135+0.617%$55K$498K50xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex ENA-USD-PERP+0.0099%8h0.2134+0.577%$48K$11010xas long as short
Nado ENA-PERP+0.0100%1h0.2135+0.606%$565K$1.8M10xas long as short
Hyperliquid ENA+0.0100%1h0.2139+0.814%$116.3M$76.0M10xas long as short
Aster ENAUSDT+0.0100%4h0.2137+0.733%$1.4M$3.3M50xas long as short
Pacifica ENA+0.0100%1h0.2134+0.580%$410K$562K10xas long as short
Binance ENAUSDT+0.0100%4h0.2137+0.705%$128.9M$430.8M75xas long as short
Bybit ENAUSDT+0.0100%4h0.2137+0.721%$88.9M$194.1M50xas long as short
OKX ENA-USDT-SWAP+0.0100%4h0.2137+0.726%$21.2M$109.2M50xas long as short
Ondo Perps ENA-USD.Pshort+0.0100%1h0.2120−0.075%$38K$327K5x
Arcus ENA-USD+0.0100%1h0.2134+0.570%$78K$283K10xas long as short
Bulk ENA-USD+0.0100%1h0.2113−0.441%$92K$51110xas long as short
MEXC ENA_USDT+0.0100%4h0.2139+0.815%$41.7M$43.6M200xas long as short
KuCoin ENAUSDTM+0.0100%4h0.2139+0.825%$25.1M$16.0M75xas long as short
BingX ENA-USDT+0.0100%4h0.2138+0.749%$31.0Mas long as short
Backpack ENA_USDC_PERP+0.0100%1h0.2139+0.796%$414K$479K5xas long as short
Variational Omni ENA+0.0100%4h0.2114−0.352%$3.0M$9.8Mas long as short
edgeX ENAUSDC+0.0100%4h0.2120−0.090%$248K$7.1M20xas long as short
GRVT ENA_USDT_Perp+0.0100%4h0.2120−0.090%$356K$4.8M10xas long as short
ApeX Omni ENAUSDT+0.0100%1h0.2117−0.231%$19K$645K50xas long as short
Polymarket Perps ENA-USD+0.0100%1h0.2137+0.712%$176K$2.6M10xas long as short
SunX ENA-USDT+0.0100%4h0.2087−1.640%$1K$930K20xas long as short
SoDEX ENA-USD+0.0100%1h0.2139+0.806%$4K$7K10xas long as short
HTX ENA-USDT+0.0100%4h0.2146+1.122%$267K$843K50xas long as short
Extended ENA-USD+0.0104%1h0.2136+0.655%$1.6M$4.7M50xas long as short
Aevo ENA-PERP+0.0104%1h0.2139+0.816%$75K$4K3xas long as short
dYdX ENA-USD+0.0105%1h0.2123+0.056%$140K$16K5xas long as short
Phoenix ENA+0.0150%1h0.2119−0.137%$13K$267K10xas long as short
Kraken Futures PF_ENAUSD+0.0195%1h0.2140+0.854%$2.6M$4.4M50xas long as short
GMX ENA/USD [ETH-USDC]L +0.0308% / S −0.0756%1h0.2138+0.768%$59K100xas long as short
BloFin ENA-USDT+0.0340%4h0.2138+0.754%$5.6M$3.4M75xas long as short
Reya ENARUSDPERP+0.0411%1h0.2137+0.690%$1K15xas long as short
Coinbase International ENA-PERP-INTX+0.0544%1h0.2118−0.170%$786K$2.0M50xas long as short