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

ENA

all ENA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0422%/8h= +46.2% APRnext payment +$2.11 per $10,000 · paid last 24h +0.109%
Price spread now: BloFin against Orderly+0.043%52s7-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 5 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 for this trade now. Funding pays +$13 a day on $10k at the current rate, and BloFin is 0.043% dearer against Orderly than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_ENA_USDC0.2100−0.0082get 0.0041% / 4h2h 29m$41K$23K10x
ShortBloFin ENA-USDT0.21010.0340get 0.0170% / 4h2h 29m$5.5M$8.1M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Orderly. 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
$88.54
Price spread: +0.043% → 0.000%
$4.29
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee BloFin: 6 bp × 2 orders
−$12
Net
$74.83
Costs to cover
0.180%
Break-even
1.1 days
Slippage unknown: Orderly: no order-book sample; BloFin: live order book, 4 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 Orderly no order-book sample
Sell BloFin live order book, 4 min ago1.43 bp9.0 bp −$918.4 bp −$18482.7 bp −$8,272doesn't fit
Orderly: 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−0.0296%1h0.2102+0.076%$362K$485K5xas long as short
Orderly PERP_ENA_USDClong−0.0082%4h0.2100long leg$41K$23K10x
01 Exchange ENAUSD−0.0032%1h0.2099−0.043%$4K$43210xas long as short
Deribit ENA_USDC-PERPETUAL0.0000%1h0.2101+0.029%$93K$1.9M50xas long as short
gTrade (Gains Network) ENA/USDL +0.0003% / S −0.0003%1h0.2100−0.015%$96K150xas long as short
Gate ENA_USDT+0.0008%4h0.2103+0.129%$10.4M$21.6M50xas long as short
Injective ENA/USDC PERP+0.0033%1h0.2123+1.109%$522$57K5.5xas long as short
Phoenix ENA+0.0076%1h0.2095−0.219%$5K$394K10xas long as short
Popdex ENAUSDT+0.0096%1h0.2099−0.052%$59K$541K50xas long as short
Paradex ENA-USD-PERP+0.0100%8h0.2103+0.137%$47K$22110xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado ENA-PERP+0.0100%1h0.2099−0.067%$658K$1.8M10xas long as short
Aster ENAUSDT+0.0100%4h0.2104+0.181%$1.5M$3.3M50xas long as short
Pacifica ENA+0.0100%1h0.2104+0.195%$406K$595K10xas long as short
Binance ENAUSDT+0.0100%4h0.2104+0.178%$129.7M$467.3M75xas long as short
Bybit ENAUSDT+0.0100%4h0.2104+0.162%$87.8M$193.7M50xas long as short
OKX ENA-USDT-SWAP+0.0100%4h0.2105+0.214%$20.3M$114.4M50xas long as short
Ondo Perps ENA-USD.P+0.0100%1h0.21000.000%$19K$435K5xas long as short
Arcus ENA-USD+0.0100%1h0.2105+0.233%$82K$223K10xas long as short
MEXC ENA_USDT+0.0100%4h0.2104+0.181%$45.2M$48.9M200xas long as short
KuCoin ENAUSDTM+0.0100%4h0.2104+0.186%$24.3M$16.6M75xas long as short
Bitget ENAUSDT+0.0100%4h0.2103+0.119%$47.6M$66.6M75xas long as short
BingX ENA-USDT+0.0100%4h0.2103+0.133%$32.0Mas long as short
Variational Omni ENA+0.0100%4h0.2099−0.059%$3.6M$10.1Mas long as short
edgeX ENAUSDC+0.0100%4h0.2097−0.135%$249K$8.0M20xas long as short
GRVT ENA_USDT_Perp+0.0100%4h0.2094−0.311%$359K$4.6M10xas long as short
ApeX Omni ENAUSDT+0.0100%1h0.2097−0.148%$32K$713K50xas long as short
Polymarket Perps ENA-USD+0.0100%1h0.2100+0.014%$182K$3.0M10xas long as short
SunX ENA-USDT+0.0100%4h0.2049−2.452%$1K$807K20xas long as short
SoDEX ENA-USD+0.0100%1h0.2100−0.005%$4K$14K10xas long as short
HTX ENA-USDT+0.0100%4h0.2103+0.138%$273K$1.6M50xas long as short
Phemex ENAUSDT+0.0100%4h0.2100−0.005%$1.9M$9.3M50xas long as short
Bulk ENA-USD+0.0100%1h0.2100+0.015%$89K$2K10xas long as short
Kraken Futures PF_ENAUSD+0.0104%1h0.2100−0.018%$2.6M$5.8M50xas long as short
Extended ENA-USD+0.0104%1h0.2103+0.121%$1.6M$4.2M50xas long as short
Aevo ENA-PERP+0.0104%1h0.2101+0.036%$77K$11K3xas long as short
GMX ENA/USD [ETH-USDC]L +0.0213% / S −0.0161%1h0.2100−0.004%$50K100xas long as short
Lighter ENA+0.0288%1h0.2107+0.305%$5.7M$13.2M10xas long as short
Hyperliquid ENA+0.0315%1h0.2106+0.266%$111.1M$80.9M10xas long as short
BloFin ENA-USDTshort+0.0340%4h0.2101+0.043%$5.5M$8.1M75x
Reya ENARUSDPERP+0.0412%1h0.2099−0.049%$1K$5K15xas long as short
Coinbase International ENA-PERP-INTX+0.0536%1h0.2108+0.395%$805K$2.2M50xas long as short
dYdX ENA-USD+0.7898%1h0.2102+0.076%$139K$15K5xas long as short