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

ENA

all ENA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0476%/8h= +52.1% APRnext payment +$0.60 per $10,000 · paid last 24h +0.133%
Price spread now: Coinbase International against Ondo Perps+0.029%7-day average +0.107% · 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+0.443%+$44 on $10k
Price spread, last 3 days (all we have)+0.187%+$19 · spread now +0.029%, 7d avg +0.107%
Together, before fees+0.630%+ Points / potential airdropOndo Perps: Active · farm board+$63 on $10k · with fees, hour by hour
Funding pays, the price is against you. Coinbase International is 0.079% cheaper against Ondo Perps than usual: you would sell low and buy high (spread +0.029% now, against its 7-day average of +0.107%). If the spread goes back, that is −$8 on $10k: about 13 hours of funding at the current rate (+$14 a day). At the pace of the last 7 days (+0.443% in total) that is about 30 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps ENA-USD.P0.20980.0100pay 0.0013% / 1h37m 52s$21K$415K5x
ShortCoinbase International ENA-PERP-INTX0.20990.0576get 0.0072% / 1h37m 52s$802K$2.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Ondo Perps. 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
$99.96
Price spread: +0.029% → +0.107%
−$7.88
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$77.08
Costs to cover
0.150%
Break-even
1.6 days
Slippage unknown: Ondo Perps: no order-book sample; Coinbase International: live order book, 1 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 Ondo Perps no order-book sample
Sell Coinbase International live order book, 1 min ago8.81 bp18.3 bp −$1823.2 bp −$232doesn't fitdoesn't fit
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
Orderly PERP_ENA_USDC−0.0065%4h0.2098+0.010%$41K$24K10xas long as short
Backpack ENA_USDC_PERP−0.0048%1h0.2097−0.038%$362K$481K5xas long as short
Deribit ENA_USDC-PERPETUAL0.0000%1h0.2099+0.062%$93K$1.8M50xas long as short
gTrade (Gains Network) ENA/USDL +0.0003% / S −0.0003%1h0.2100+0.072%$96K150xas long as short
Injective ENA/USDC PERP+0.0033%1h0.2123+1.206%$522$57K5.5xas long as short
Kraken Futures PF_ENAUSD+0.0066%1h0.2097−0.065%$2.6M$5.6M50xas long as short
01 Exchange ENAUSD+0.0096%1h0.2098+0.010%$4K$43210xas long as short
Popdex ENAUSDT+0.0096%1h0.2097−0.052%$59K$537K50xas long as short
Paradex ENA-USD-PERP+0.0100%8h0.2097−0.047%$47K$22110xas long as short
Nado ENA-PERP+0.0100%1h0.2097−0.041%$659K$1.8M10xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster ENAUSDT+0.0100%4h0.2097−0.040%$1.5M$3.3M50xas long as short
Pacifica ENA+0.0100%1h0.2098−0.024%$406K$581K10xas long as short
Binance ENAUSDT+0.0100%4h0.2096−0.114%$129.1M$460.4M75xas long as short
Bybit ENAUSDT+0.0100%4h0.2095−0.162%$87.1M$192.0M50xas long as short
OKX ENA-USDT-SWAP+0.0100%4h0.2096−0.110%$20.3M$112.4M50xas long as short
Ondo Perps ENA-USD.Plong+0.0100%1h0.2098long leg$21K$415K5x
Arcus ENA-USD+0.0100%1h0.2098−0.005%$82K$222K10xas long as short
Bulk ENA-USD+0.0100%1h0.2098−0.012%$88K$1K10xas long as short
Gate ENA_USDT+0.0100%4h0.2097−0.071%$10.5M$21.2M50xas long as short
MEXC ENA_USDT+0.0100%4h0.2097−0.076%$45.0M$46.7M200xas long as short
KuCoin ENAUSDTM+0.0100%4h0.2097−0.048%$23.9M$16.5M75xas long as short
Bitget ENAUSDT+0.0100%4h0.2094−0.195%$47.5M$65.2M75xas long as short
BingX ENA-USDT+0.0100%4h0.2097−0.062%$32.9Mas long as short
Variational Omni ENA+0.0100%4h0.2096−0.090%$3.8M$10.4Mas long as short
edgeX ENAUSDC+0.0100%4h0.2098−0.024%$249K$7.8M20xas long as short
GRVT ENA_USDT_Perp+0.0100%4h0.2098−0.024%$354K$4.6M10xas long as short
ApeX Omni ENAUSDT+0.0100%1h0.2098−0.005%$32K$711K50xas long as short
Polymarket Perps ENA-USD+0.0100%1h0.2100+0.100%$188K$2.8M10xas long as short
SunX ENA-USDT+0.0100%4h0.2047−2.455%$1K$815K20xas long as short
SoDEX ENA-USD+0.0100%1h0.2097−0.052%$4K$14K10xas long as short
HTX ENA-USDT+0.0100%4h0.2099+0.062%$274K$1.5M50xas long as short
Phemex ENAUSDT+0.0100%4h0.2096−0.100%$1.9M$9.2M50xas long as short
Aevo ENA-PERP+0.0104%1h0.2097−0.076%$77K$11K3xas long as short
Phoenix ENA+0.0115%1h0.2099+0.043%$5K$356K10xas long as short
GMX ENA/USD [ETH-USDC]L +0.0227% / S −0.0380%1h0.2099+0.060%$38K100xas long as short
Extended ENA-USD+0.0288%1h0.2095−0.138%$1.6M$4.2M50xas long as short
BloFin ENA-USDT+0.0340%4h0.2101+0.157%$5.5M$8.1M75xas long as short
Reya ENARUSDPERP+0.0412%1h0.2099+0.048%$1K$5K15xas long as short
Lighter ENA+0.0520%1h0.2099+0.019%$5.6M$12.9M10xas long as short
Hyperliquid ENA+0.0558%1h0.2099+0.056%$110.8M$79.5M10xas long as short
Coinbase International ENA-PERP-INTXshort+0.0576%1h0.2099+0.029%$802K$2.1M50x
dYdX ENA-USD+0.1906%1h0.2097−0.068%$139K$15K5xas long as short