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

ENA

all ENA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0117%/8h= −12.8% APRnext payment $0.15 per $10,000 · paid last 24h +0.029%
Price spread now: 01 Exchange against Kraken Futures−0.067%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 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 against this trade now: funding costs −$4 a day on $10k at the current rate, and 01 Exchange is 0.067% cheaper against Kraken Futures than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_ENAUSD0.21110.0173pay 0.0022% / 1h51m 03s$2.6M$4.3M50x
Short01 Exchange ENAUSD0.21100.0056get 0.0007% / 1h51m 03s$4K$30210x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
−$24.56
Price spread: −0.067% → 0.000%
−$6.65
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$48.21
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Kraken Futures: live order book, 3 min ago; 01 Exchange: 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 ago11.35 bp16.4 bp −$1626.6 bp −$266104.3 bp −$10.4Kdoesn't fit
Sell 01 Exchange no order-book sample
01 Exchange: 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−0.0215%1h0.2112+0.019%$362K$402K5xas long as short
Orderly PERP_ENA_USDC−0.0085%4h0.2111−0.019%$44K$25K10xas long as short
Deribit ENA_USDC-PERPETUAL0.0000%1h0.21110.000%$73K$1.1M50xas long as short
gTrade (Gains Network) ENA/USDL +0.0004% / S −0.0004%1h0.2111+0.011%$82K150xas long as short
Injective ENA/USDC PERP+0.0033%1h0.2123+0.578%$522$57K5.5xas long as short
01 Exchange ENAUSDshort+0.0056%1h0.2110−0.067%$4K$30210x
Popdex ENAUSDT+0.0096%1h0.2109−0.104%$56K$464K50xas long as short
Paradex ENA-USD-PERP+0.0100%8h0.2109−0.096%$47K$11010xas long as short
Nado ENA-PERP+0.0100%1h0.2109−0.104%$655K$1.7M10xas long as short
Aster ENAUSDT+0.0100%4h0.2112+0.028%$1.5M$3.2M50xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica ENA+0.0100%1h0.2110−0.052%$403K$511K10xas long as short
Binance ENAUSDT+0.0100%4h0.2109−0.090%$128.3M$415.1M75xas long as short
Bybit ENAUSDT+0.0100%4h0.2109−0.128%$85.2M$175.2M50xas long as short
OKX ENA-USDT-SWAP+0.0100%4h0.2109−0.119%$21.1M$103.8M50xas long as short
Ondo Perps ENA-USD.P+0.0100%1h0.2114+0.151%$20K$325K5xas long as short
Arcus ENA-USD+0.0100%1h0.2110−0.057%$78K$276K10xas long as short
Bulk ENA-USD+0.0100%1h0.2115+0.196%$93K$4K10xas long as short
Gate ENA_USDT+0.0100%4h0.2111−0.019%$11.1M$22.1M50xas long as short
MEXC ENA_USDT+0.0100%4h0.2111−0.014%$46.0M$40.9M200xas long as short
KuCoin ENAUSDTM+0.0100%4h0.2112+0.047%$25.0M$15.6M75xas long as short
Bitget ENAUSDT+0.0100%4h0.2108−0.161%$48.0M$57.8M75xas long as short
BingX ENA-USDT+0.0100%4h0.2111−0.005%$32.1Mas long as short
Variational Omni ENA+0.0100%4h0.2110−0.039%$3.0M$10.0Mas long as short
edgeX ENAUSDC+0.0100%4h0.2114+0.123%$244K$6.9M20xas long as short
GRVT ENA_USDT_Perp+0.0100%4h0.2116+0.225%$355K$5.0M10xas long as short
ApeX Omni ENAUSDT+0.0100%1h0.2118+0.322%$20K$649K50xas long as short
Polymarket Perps ENA-USD+0.0100%1h0.2112+0.028%$178K$2.3M10xas long as short
SunX ENA-USDT+0.0100%4h0.2059−2.496%$1K$852K20xas long as short
SoDEX ENA-USD+0.0100%1h0.2111−0.010%$4K$7K10xas long as short
HTX ENA-USDT+0.0100%4h0.2112+0.028%$273K$793K50xas long as short
Phemex ENAUSDT+0.0100%4h0.2111−0.010%$1.7M$8.9M50xas long as short
Lighter ENA+0.0104%1h0.2113+0.071%$5.2M$13.2M10xas long as short
Extended ENA-USD+0.0104%1h0.2110−0.050%$1.6M$4.2M50xas long as short
Aevo ENA-PERP+0.0104%1h0.2111−0.004%$74K$4K3xas long as short
Phoenix ENA+0.0113%1h0.2115+0.199%$8K$274K10xas long as short
dYdX ENA-USD+0.0136%1h0.2112+0.030%$140K$15K5xas long as short
Kraken Futures PF_ENAUSDlong+0.0173%1h0.2111long leg$2.6M$4.3M50x
GMX ENA/USD [ETH-USDC]L +0.0306% / S −0.0358%1h0.2111−0.009%$70K100xas long as short
BloFin ENA-USDT+0.0340%4h0.2110−0.076%$5.6M$3.0M75xas long as short
Hyperliquid ENA+0.0370%1h0.2114+0.137%$115.2M$74.0M10xas long as short
Reya ENARUSDPERP+0.0412%1h0.2111−0.031%$1K$5K15xas long as short
Coinbase International ENA-PERP-INTX+0.0656%1h0.2116+0.241%$865K$1.7M50xas long as short