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

ENA

all ENA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0181%/8h= −19.8% APRnext payment $0.23 per $10,000 · paid last 24h +0.059%
Price spread now: Aevo against Kraken Futures+0.130%55s7-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 7 days−0.143%−$14 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread pays, funding is against you. Aevo is 0.130% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.130% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 2.4 days. At the pace of the last 7 days (−0.143% in total) that is about 6.4 days. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_ENAUSD0.21150.0285pay 0.0036% / 1h35m 23s$2.7M$4.3M50x
ShortAevo ENA-PERP0.21180.0104get 0.0013% / 1h35m 23s$74K$4K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Kraken Futures. 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
−$37.99
Price spread: +0.130% → 0.000%
$12.98
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$51.01
Costs to cover
0.260%
Break-even
never at this rate
Slippage unknown: Kraken Futures: live order book, 3 min ago; Aevo: 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 Kraken Futures live order book, 3 min ago8.07 bp13.5 bp −$1421.8 bp −$218104.5 bp −$10.4Kdoesn't fit
Sell Aevo no order-book sample
Aevo: 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−0.0003%4h0.2116+0.070%$44K$26K10xas long as short
Deribit ENA_USDC-PERPETUAL0.0000%1h0.2118+0.160%$79K$1.3M50xas long as short
gTrade (Gains Network) ENA/USDL +0.0004% / S −0.0004%1h0.2117+0.118%$82K150xas long as short
01 Exchange ENAUSD+0.0008%1h0.2116+0.042%$4K$30210xas long as short
Injective ENA/USDC PERP+0.0033%1h0.2123+0.406%$522$57K5.5xas long as short
Popdex ENAUSDT+0.0096%1h0.2115+0.009%$55K$497K50xas long as short
dYdX ENA-USD+0.0099%1h0.2113−0.073%$140K$15K5xas long as short
Nado ENA-PERP+0.0100%1h0.2115+0.004%$683K$1.7M10xas long as short
Hyperliquid ENA+0.0100%1h0.2119+0.188%$113.9M$71.3M10xas long as short
Aster ENAUSDT+0.0100%4h0.2116+0.071%$1.5M$3.0M50xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica ENA+0.0100%1h0.2114−0.021%$413K$511K10xas long as short
Binance ENAUSDT+0.0100%4h0.2117+0.127%$130.0M$420.8M75xas long as short
Bybit ENAUSDT+0.0100%4h0.2117+0.127%$86.8M$175.5M50xas long as short
OKX ENA-USDT-SWAP+0.0100%4h0.2117+0.117%$20.8M$102.9M50xas long as short
Ondo Perps ENA-USD.P+0.0100%1h0.2106−0.426%$19K$359K5xas long as short
Arcus ENA-USD+0.0100%1h0.2115+0.009%$78K$288K10xas long as short
Bulk ENA-USD+0.0100%1h0.2115+0.009%$93K$4K10xas long as short
Gate ENA_USDT+0.0100%4h0.2117+0.089%$11.1M$21.3M50xas long as short
MEXC ENA_USDT+0.0100%4h0.2118+0.136%$45.6M$41.8M200xas long as short
KuCoin ENAUSDTM+0.0100%4h0.2118+0.136%$24.6M$15.7M75xas long as short
Bitget ENAUSDT+0.0100%4h0.2116+0.047%$48.2M$57.8M75xas long as short
BingX ENA-USDT+0.0100%4h0.2117+0.122%$32.2Mas long as short
Backpack ENA_USDC_PERP+0.0100%1h0.2116+0.065%$374K$364K5xas long as short
Variational Omni ENA+0.0100%4h0.2113−0.094%$3.4M$10.2Mas long as short
edgeX ENAUSDC+0.0100%4h0.2106−0.399%$243K$7.3M20xas long as short
GRVT ENA_USDT_Perp+0.0100%4h0.2110−0.231%$354K$4.8M10xas long as short
ApeX Omni ENAUSDT+0.0100%1h0.2111−0.180%$32K$648K50xas long as short
Polymarket Perps ENA-USD+0.0100%1h0.2117+0.094%$184K$2.3M10xas long as short
SunX ENA-USDT+0.0100%4h0.2064−2.384%$1K$840K20xas long as short
SoDEX ENA-USD+0.0100%1h0.2115+0.009%$4K$7K10xas long as short
HTX ENA-USDT+0.0100%4h0.2114−0.048%$276K$779K50xas long as short
Phemex ENAUSDT+0.0100%4h0.2115+0.009%$1.9M$8.9M50xas long as short
Paradex ENA-USD-PERP+0.0100%8h0.2115−0.013%$47K$11010xas long as short
Extended ENA-USD+0.0104%1h0.2114−0.031%$1.6M$4.1M50xas long as short
Aevo ENA-PERPshort+0.0104%1h0.2118+0.130%$74K$4K3x
Phoenix ENA+0.0150%1h0.2107−0.365%$8K$298K10xas long as short
GMX ENA/USD [ETH-USDC]L +0.0251% / S −0.0206%1h0.2118+0.137%$50K100xas long as short
Kraken Futures PF_ENAUSDlong+0.0285%1h0.2115long leg$2.7M$4.3M50x
BloFin ENA-USDT+0.0340%4h0.2109−0.251%$5.6M$3.1M75xas long as short
Lighter ENA+0.0368%1h0.2117+0.080%$5.5M$13.6M10xas long as short
Reya ENARUSDPERP+0.0412%1h0.2117+0.093%$1K$5K15xas long as short
Coinbase International ENA-PERP-INTX+0.0664%1h0.2114−0.053%$831K$1.5M50xas long as short