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

ENA

all ENA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0228%/8h= +25.0% APRnext payment +$0.29 per $10,000 · paid last 24h +0.007%
Price spread now: Extended against Ondo Perps+0.182%7-day average −0.086% · 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+0.047%+$5 on $10k
Price spread, last 4 days (all we have)−0.169%−$17 · spread now +0.182%, 7d avg −0.086%
Together, before fees−0.121%+ Points / potential airdropOndo Perps: Active · Extended: Active · farm board−$12 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Extended is 0.268% dearer against Ondo Perps than usual: you sell high and buy low: +$27 more if the spread goes back to its 7-day average of −0.086%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.047% in total (about 2.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.29 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps ENA-USD.P0.21560.0100pay 0.0013% / 1h13m 48s$16K$413K5x
ShortExtended ENA-USD0.21600.0328get 0.0041% / 1h13m 48s$1.6M$4.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Ondo Perps. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$47.88
Price spread: +0.182% → −0.086%
$26.81
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee Extended: 2.5 bp × 2 orders
−$5
Net
$64.69
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Ondo Perps: no order-book sample; Extended: live order book, 5 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 Extended live order book, 5 min ago0.46 bp5.5 bp −$610.1 bp −$101doesn'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
Deribit ENA_USDC-PERPETUAL0.0000%1h0.2166+0.482%$81K$1.7M50xas long as short
gTrade (Gains Network) ENA/USDL +0.0003% / S −0.0004%1h0.2166+0.456%$104K150xas long as short
Orderly PERP_ENA_USDC+0.0032%4h0.2165+0.436%$42K$23K10xas long as short
Injective ENA/USDC PERP+0.0033%1h0.2123−1.498%$522$57K5.5xas long as short
dYdX ENA-USD+0.0065%1h0.2162+0.281%$143K$15K5xas long as short
Popdex ENAUSDT+0.0096%1h0.2164+0.385%$63K$517K50xas long as short
Nado ENA-PERP+0.0100%1h0.2163+0.353%$716K$1.8M10xas long as short
Aster ENAUSDT+0.0100%4h0.2164+0.372%$1.6M$3.3M50xas long as short
Pacifica ENA+0.0100%1h0.2161+0.237%$426K$553K10xas long as short
Binance ENAUSDT+0.0100%4h0.2160+0.216%$134.7M$442.9M75xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ENAUSDT+0.0100%4h0.2160+0.223%$89.0M$186.9M50xas long as short
OKX ENA-USDT-SWAP+0.0100%4h0.2160+0.195%$21.2M$110.6M50xas long as short
Ondo Perps ENA-USD.Plong+0.0100%1h0.2156long leg$16K$413K5x
Arcus ENA-USD+0.0100%1h0.2161+0.246%$107K$242K10xas long as short
Bulk ENA-USD+0.0100%1h0.2150−0.260%$94K$4K10xas long as short
Gate ENA_USDT+0.0100%4h0.2162+0.288%$11.0M$21.5M50xas long as short
MEXC ENA_USDT+0.0100%4h0.2161+0.246%$46.0M$44.8M200xas long as short
KuCoin ENAUSDTM+0.0100%4h0.2162+0.288%$24.9M$16.5M75xas long as short
Bitget ENAUSDT+0.0100%4h0.2160+0.204%$49.0M$61.3M75xas long as short
BingX ENA-USDT+0.0100%4h0.2160+0.204%$32.6Mas long as short
Backpack ENA_USDC_PERP+0.0100%1h0.2168+0.561%$384K$402K5xas long as short
Variational Omni ENA+0.0100%4h0.2157+0.070%$3.9M$10.1Mas long as short
edgeX ENAUSDC+0.0100%4h0.2155−0.024%$250K$7.6M20xas long as short
GRVT ENA_USDT_Perp+0.0100%4h0.2154−0.100%$356K$4.6M10xas long as short
ApeX Omni ENAUSDT+0.0100%1h0.2154−0.079%$33K$687K50xas long as short
Polymarket Perps ENA-USD+0.0100%1h0.2165+0.422%$181K$2.4M10xas long as short
SunX ENA-USDT+0.0100%4h0.2112−2.004%$1K$833K20xas long as short
SoDEX ENA-USD+0.0100%1h0.2167+0.524%$4K$10K10xas long as short
HTX ENA-USDT+0.0100%4h0.2170+0.673%$282K$1.1M50xas long as short
Phemex ENAUSDT+0.0100%4h0.2166+0.478%$2.0M$9.3M50xas long as short
Paradex ENA-USD-PERP+0.0100%8h0.2160+0.189%$48K$11010xas long as short
Aevo ENA-PERP+0.0104%1h0.2166+0.462%$76K$4K3xas long as short
Phoenix ENA+0.0150%1h0.2153−0.139%$8K$347K10xas long as short
01 Exchange ENAUSD+0.0176%1h0.2164+0.371%$4K$30210xas long as short
Kraken Futures PF_ENAUSD+0.0230%1h0.2168+0.574%$2.7M$5.1M50xas long as short
Extended ENA-USDshort+0.0328%1h0.2160+0.182%$1.6M$4.2M50x
GMX ENA/USD [ETH-USDC]L +0.0334% / S −0.0430%1h0.2166+0.473%$82K100xas long as short
BloFin ENA-USDT+0.0340%4h0.2160+0.199%$5.7M$2.0M75xas long as short
Reya ENARUSDPERP+0.0412%1h0.2164+0.397%$1K$5K15xas long as short
Coinbase International ENA-PERP-INTX+0.0608%1h0.2168+0.594%$859K$1.8M50xas long as short
Lighter ENA+0.0720%1h0.2164+0.371%$5.9M$13.1M10xas long as short
Hyperliquid ENA+0.0775%1h0.2165+0.413%$117.7M$74.7M10xas long as short