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: SoDEX against Injective+0.452%7-day average · you sell dearer than you buy
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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and SoDEX is 0.452% dearer against Injective than usual: you sell high and buy low: +$45 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective ENA/USDC PERP0.21230.0033pay 0.0004% / 1h56m 36s$522$57K5.5x
ShortSoDEX ENA-USD0.21330.0100get 0.0013% / 1h56m 36s$4K$7K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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: +0.452% → 0.000%
$45.21
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee SoDEX: 4 bp × 2 orders
−$8
Net
$51.19
Costs to cover
0.080%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; SoDEX: 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 SoDEX no order-book sample
Injective and SoDEX: 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−0.5222%4h0.2133+0.452%$1.9M$9.0M50xas long as short
GRVT ENA_USDT_Perp−0.0452%4h0.2123−0.012%$359K$4.7M10xas long as short
Orderly PERP_ENA_USDC−0.0082%4h0.2132+0.429%$44K$17K10xas long as short
01 Exchange ENAUSD−0.0072%1h0.2127+0.151%$4K$27710xas long as short
dYdX ENA-USD0.0000%1h0.2127+0.178%$141K$16K5xas long as short
Deribit ENA_USDC-PERPETUAL0.0000%1h0.2134+0.494%$76K$1.1M50xas long as short
gTrade (Gains Network) ENA/USDL +0.0004% / S −0.0004%1h0.2133+0.475%$82K150xas long as short
Injective ENA/USDC PERPlong+0.0033%1h0.2123long leg$522$57K5.5x
Popdex ENAUSDT+0.0096%1h0.2125+0.075%$53K$486K50xas long as short
Nado ENA-PERP+0.0100%1h0.2124+0.021%$570K$1.8M10xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid ENA+0.0100%1h0.2131+0.348%$115.6M$75.0M10xas long as short
Aster ENAUSDT+0.0100%4h0.2128+0.201%$1.4M$3.3M50xas long as short
Pacifica ENA+0.0100%1h0.2129+0.245%$410K$564K10xas long as short
Binance ENAUSDT+0.0100%4h0.2125+0.081%$129.1M$426.5M75xas long as short
Bybit ENAUSDT+0.0100%4h0.2124+0.033%$88.7M$192.0M50xas long as short
OKX ENA-USDT-SWAP+0.0100%4h0.2125+0.061%$21.3M$108.2M50xas long as short
Ondo Perps ENA-USD.P+0.0100%1h0.2131+0.353%$33K$313K5xas long as short
Arcus ENA-USD+0.0100%1h0.2127+0.170%$79K$281K10xas long as short
Bulk ENA-USD+0.0100%1h0.2127+0.146%$93K$51110xas long as short
Gate ENA_USDT+0.0100%4h0.2127+0.165%$13.3M$26.6M50xas long as short
MEXC ENA_USDT+0.0100%4h0.2127+0.170%$39.4M$42.4M200xas long as short
KuCoin ENAUSDTM+0.0100%4h0.2127+0.188%$25.0M$15.9M75xas long as short
Bitget ENAUSDT+0.0100%4h0.2125+0.057%$48.2M$60.4M75xas long as short
BingX ENA-USDT+0.0100%4h0.2127+0.170%$31.4Mas long as short
Variational Omni ENA+0.0100%4h0.2127+0.172%$3.1M$9.9Mas long as short
edgeX ENAUSDC+0.0100%4h0.2126+0.142%$257K$7.0M20xas long as short
ApeX Omni ENAUSDT+0.0100%1h0.2125+0.075%$19K$646K50xas long as short
Polymarket Perps ENA-USD+0.0100%1h0.2137+0.626%$176K$2.7M10xas long as short
SunX ENA-USDT+0.0100%4h0.2083−1.912%$1K$912K20xas long as short
SoDEX ENA-USDshort+0.0100%1h0.2133+0.452%$4K$7K10x
HTX ENA-USDT+0.0100%4h0.2135+0.542%$268K$807K50xas long as short
Paradex ENA-USD-PERP+0.0100%8h0.2126+0.141%$48K$11010xas long as short
Extended ENA-USD+0.0104%1h0.2126+0.120%$1.6M$4.4M50xas long as short
Aevo ENA-PERP+0.0104%1h0.2134+0.502%$75K$4K3xas long as short
Lighter ENA+0.0112%1h0.2130+0.287%$5.0M$12.5M10xas long as short
Phoenix ENA+0.0190%1h0.2134+0.494%$13K$267K10xas long as short
Kraken Futures PF_ENAUSD+0.0196%1h0.2134+0.478%$2.6M$4.4M50xas long as short
GMX ENA/USD [ETH-USDC]L +0.0308% / S −0.0754%1h0.2134+0.512%$59K100xas long as short
BloFin ENA-USDT+0.0340%4h0.2134+0.476%$4.8M$3.4M75xas long as short
Backpack ENA_USDC_PERP+0.0372%1h0.2134+0.480%$413K$477K5xas long as short
Reya ENARUSDPERP+0.0412%1h0.2131+0.341%$1K15xas long as short
Coinbase International ENA-PERP-INTX+0.0544%1h0.2138+0.673%$803K$2.0M50xas long as short