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+0.0141%/8h= +15.4% APRnext payment +$0.71 per $10,000 · paid last 24h +0.042%
Price spread now: OKX against Orderly+0.033%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 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 +$4 a day on $10k at the current rate, and OKX is 0.033% dearer against Orderly than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_ENA_USDC0.2107−0.0041get 0.0021% / 4h1h 09m$41K$24K10x
ShortOKX ENA-USDT-SWAP0.21070.0100get 0.0050% / 4h1h 09m$20.3M$111.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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
$29.61
Price spread: +0.033% → 0.000%
$3.32
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee OKX: 5 bp × 2 orders
−$10
Net
$16.94
Costs to cover
0.160%
Break-even
3.0 days
Slippage unknown: Orderly: no order-book sample; OKX: 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 Orderly no order-book sample
Sell OKX live order book, 5 min ago0.24 bp10.2 bp −$1018.5 bp −$185doesn't fitdoesn'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
Orderly PERP_ENA_USDClong−0.0041%4h0.2107long leg$41K$24K10x
Backpack ENA_USDC_PERP−0.0025%1h0.2099−0.351%$371K$447K5xas long as short
gTrade (Gains Network) ENA/USDL +0.0003% / S −0.0003%1h0.2105−0.062%$101K150xas long as short
Injective ENA/USDC PERP+0.0033%1h0.2123+0.793%$522$57K5.5xas long as short
Kraken Futures PF_ENAUSD+0.0066%1h0.2099−0.369%$2.6M$5.5M50xas long as short
Popdex ENAUSDT+0.0096%1h0.2104−0.128%$62K$530K50xas long as short
Paradex ENA-USD-PERP+0.0100%8h0.2102−0.210%$47K$22110xas long as short
Nado ENA-PERP+0.0100%1h0.2104−0.112%$662K$1.8M10xas long as short
Aster ENAUSDT+0.0100%4h0.2105−0.097%$1.5M$3.3M50xas long as short
Pacifica ENA+0.0100%1h0.2103−0.176%$407K$575K10xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ENAUSDT+0.0100%4h0.2106−0.035%$130.0M$454.8M75xas long as short
Bybit ENAUSDT+0.0100%4h0.2106−0.014%$87.8M$190.7M50xas long as short
OKX ENA-USDT-SWAPshort+0.0100%4h0.2107+0.033%$20.3M$111.6M50x
Ondo Perps ENA-USD.P+0.0100%1h0.2099−0.384%$15K$397K5xas long as short
Arcus ENA-USD+0.0100%1h0.2104−0.128%$82K$220K10xas long as short
Bulk ENA-USD+0.0100%1h0.2099−0.353%$89K$50010xas long as short
Gate ENA_USDT+0.0100%4h0.2104−0.109%$10.5M$21.4M50xas long as short
MEXC ENA_USDT+0.0100%4h0.2105−0.071%$46.7M$47.0M200xas long as short
KuCoin ENAUSDTM+0.0100%4h0.2106−0.043%$24.0M$16.3M75xas long as short
Bitget ENAUSDT+0.0100%4h0.2106−0.024%$47.6M$64.7M75xas long as short
BingX ENA-USDT+0.0100%4h0.2105−0.071%$32.8Mas long as short
Variational Omni ENA+0.0100%4h0.2097−0.453%$3.8M$10.3Mas long as short
edgeX ENAUSDC+0.0100%4h0.2098−0.419%$249K$7.7M20xas long as short
GRVT ENA_USDT_Perp+0.0100%4h0.2096−0.521%$350K$4.6M10xas long as short
ApeX Omni ENAUSDT+0.0100%1h0.2096−0.508%$32K$711K50xas long as short
Polymarket Perps ENA-USD+0.0100%1h0.2106−0.052%$177K$2.6M10xas long as short
SunX ENA-USDT+0.0100%4h0.2047−2.848%$1K$816K20xas long as short
SoDEX ENA-USD+0.0100%1h0.2108+0.062%$4K$14K10xas long as short
HTX ENA-USDT+0.0100%4h0.2099−0.342%$272K$1.5M50xas long as short
Phemex ENAUSDT+0.0100%4h0.2097−0.460%$1.9M$9.1M50xas long as short
Aevo ENA-PERP+0.0104%1h0.2107+0.038%$77K$11K3xas long as short
Phoenix ENA+0.0115%1h0.2098−0.394%$5K$356K10xas long as short
Deribit ENA_USDC-PERPETUAL+0.0130%1h0.2108+0.071%$92K$1.8M50xas long as short
01 Exchange ENAUSD+0.0144%1h0.2105−0.076%$4K$31210xas long as short
GMX ENA/USD [ETH-USDC]L +0.0246% / S −0.0424%1h0.2105−0.076%$38K100xas long as short
BloFin ENA-USDT+0.0340%4h0.2099−0.384%$5.5M$8.0M75xas long as short
Extended ENA-USD+0.0344%1h0.2103−0.153%$1.6M$4.1M50xas long as short
Reya ENARUSDPERP+0.0412%1h0.2105−0.082%$1K$5K15xas long as short
Lighter ENA+0.0544%1h0.2106−0.052%$5.6M$12.9M10xas long as short
Coinbase International ENA-PERP-INTX+0.0576%1h0.2100−0.313%$827K$2.1M50xas long as short
Hyperliquid ENA+0.0588%1h0.2108+0.081%$111.3M$78.5M10xas long as short
dYdX ENA-USD+0.1983%1h0.2102−0.201%$139K$15K5xas long as short