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−0.0067%/8h= −7.3% APRnext payment $0.08 per $10,000 · paid last 24h −0.023%
Price spread now: Injective against Ondo Perps+1.057%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 7 days+0.169%+$17 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories
The price spread pays, funding is against you. Injective is 1.057% dearer against Ondo Perps than usual: you sell high and buy low (spread +1.057% now, against zero (this spread has no 7-day history yet)): +$106 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 53 days. Mind the row above: over the last 7 days funding on this pair paid +0.169%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps ENA-USD.P0.21010.0100pay 0.0013% / 1h10m 33s$22K$321K5x
ShortInjective ENA/USDC PERP0.21230.0033get 0.0004% / 1h10m 33s$522$57K5.5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective 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
−$14
Price spread: +1.057% → 0.000%
$105.65
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
$86.63
Costs to cover
0.050%
Break-even
from the start
Slippage unknown: Ondo Perps: no order-book sample; Injective: 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 Ondo Perps no order-book sample
Sell Injective no order-book sample
Ondo Perps and Injective: 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−0.0126%4h0.2099−0.095%$44K$26K10xas long as short
Backpack ENA_USDC_PERP−0.0075%1h0.2100−0.052%$358K$400K5xas long as short
01 Exchange ENAUSD0.0000%1h0.2099−0.119%$4K$27710xas long as short
Deribit ENA_USDC-PERPETUAL0.0000%1h0.2099−0.081%$73K$1.1M50xas long as short
gTrade (Gains Network) ENA/USDL +0.0004% / S −0.0004%1h0.2098−0.135%$81K150xas long as short
Injective ENA/USDC PERPshort+0.0033%1h0.2123+1.057%$522$57K5.5x
Popdex ENAUSDT+0.0096%1h0.2098−0.152%$56K$466K50xas long as short
Paradex ENA-USD-PERP+0.0100%8h0.2099−0.094%$47K$11010xas long as short
Nado ENA-PERP+0.0100%1h0.2098−0.133%$649K$1.7M10xas long as short
Aster ENAUSDT+0.0100%4h0.2100−0.062%$1.4M$3.2M50xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica ENA+0.0100%1h0.2100−0.060%$400K$513K10xas long as short
Binance ENAUSDT+0.0100%4h0.2099−0.118%$127.1M$412.9M75xas long as short
Bybit ENAUSDT+0.0100%4h0.2098−0.143%$84.7M$174.0M50xas long as short
OKX ENA-USDT-SWAP+0.0100%4h0.2099−0.095%$20.9M$102.8M50xas long as short
Ondo Perps ENA-USD.Plong+0.0100%1h0.2101long leg$22K$321K5x
Arcus ENA-USD+0.0100%1h0.2099−0.105%$78K$276K10xas long as short
Gate ENA_USDT+0.0100%4h0.2099−0.119%$11.2M$22.4M50xas long as short
MEXC ENA_USDT+0.0100%4h0.2099−0.119%$45.4M$41.1M200xas long as short
KuCoin ENAUSDTM+0.0100%4h0.2100−0.062%$24.8M$15.5M75xas long as short
Bitget ENAUSDT+0.0100%4h0.2097−0.195%$47.6M$57.4M75xas long as short
BingX ENA-USDC+0.0100%4h0.2099−0.114%$6.5Mas long as short
Variational Omni ENA+0.0100%4h0.2098−0.130%$3.0M$10.0Mas long as short
edgeX ENAUSDC+0.0100%4h0.2103+0.064%$242K$6.8M20xas long as short
GRVT ENA_USDT_Perp+0.0100%4h0.2103+0.086%$348K$5.0M10xas long as short
ApeX Omni ENAUSDT+0.0100%1h0.2103+0.086%$20K$650K50xas long as short
Polymarket Perps ENA-USD+0.0100%1h0.2099−0.100%$189K$2.4M10xas long as short
SunX ENA-USDT+0.0100%4h0.2049−2.484%$858$854K20xas long as short
SoDEX ENA-USD+0.0100%1h0.2099−0.105%$4K$7K10xas long as short
HTX ENA-USDT+0.0100%4h0.2111+0.447%$273K$771K50xas long as short
Phemex ENAUSDT+0.0100%4h0.2099−0.105%$1.7M$8.9M50xas long as short
Bulk ENA-USD+0.0100%1h0.2102+0.043%$92K−$010xas long as short
Hyperliquid ENA+0.0103%1h0.2100−0.043%$114.0M$74.2M10xas long as short
Extended ENA-USD+0.0104%1h0.2098−0.161%$1.6M$4.2M50xas long as short
Aevo ENA-PERP+0.0104%1h0.2099−0.105%$73K$4K3xas long as short
Phoenix ENA+0.0113%1h0.2104+0.143%$8K$274K10xas long as short
Lighter ENA+0.0160%1h0.2102+0.038%$5.2M$13.3M10xas long as short
Kraken Futures PF_ENAUSD+0.0174%1h0.2100−0.042%$2.6M$4.3M50xas long as short
GMX ENA/USD [ETH-USDC]L +0.0306% / S −0.0358%1h0.2100−0.061%$70K100xas long as short
BloFin ENA-USDT+0.0340%4h0.2100−0.057%$5.5M$3.0M75xas long as short
Reya ENARUSDPERP+0.0412%1h0.2098−0.161%$1K$5K15xas long as short
Coinbase International ENA-PERP-INTX+0.0656%1h0.2109+0.366%$863K$1.7M50xas long as short
dYdX ENA-USD+0.1115%1h0.2100−0.060%$139K$15K5xas long as short