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

ENA

all ENA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0244%/8h= +26.8% APRnext payment +$0.31 per $10,000 · paid last 24h +0.047%
Price spread now: Coinbase International against Reya+0.161%48s7-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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropReya: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Coinbase International is 0.161% dearer against Reya than usual: you sell high and buy low: +$16 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya ENARUSDPERP0.21110.0412pay 0.0051% / 1h55m 24s$1K$5K15x
ShortCoinbase International ENA-PERP-INTX0.21140.0656get 0.0082% / 1h55m 24s$864K$1.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Reya. 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
$51.31
Price spread: +0.161% → 0.000%
$16.09
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$51.4
Costs to cover
0.160%
Break-even
from the start
Slippage unknown: Reya: no order-book sample; Coinbase International: live order book, 3 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 Reya no order-book sample
Sell Coinbase International live order book, 3 min ago12.52 bp19.6 bp −$2029.4 bp −$294doesn't fitdoesn't fit
Reya: 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−0.0324%1h0.2107−0.175%$360K$401K5xas long as short
Orderly PERP_ENA_USDC−0.0084%4h0.2112+0.071%$44K$25K10xas long as short
Deribit ENA_USDC-PERPETUAL0.0000%1h0.2109−0.085%$73K$1.1M50xas long as short
gTrade (Gains Network) ENA/USDL +0.0004% / S −0.0004%1h0.2113+0.095%$82K150xas long as short
Injective ENA/USDC PERP+0.0033%1h0.2123+0.587%$522$57K5.5xas long as short
dYdX ENA-USD+0.0040%1h0.2109−0.101%$139K$15K5xas long as short
01 Exchange ENAUSD+0.0072%1h0.2110−0.033%$4K$30210xas long as short
Phoenix ENA+0.0076%1h0.2109−0.085%$8K$274K10xas long as short
Gate ENA_USDT+0.0090%4h0.2112+0.052%$11.1M$22.0M50xas long as short
Popdex ENAUSDT+0.0096%1h0.2110−0.048%$56K$464K50xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex ENA-USD-PERP+0.0100%8h0.2107−0.205%$47K$11010xas long as short
Nado ENA-PERP+0.0100%1h0.2111−0.021%$657K$1.7M10xas long as short
Aster ENAUSDT+0.0100%4h0.2110−0.027%$1.5M$3.2M50xas long as short
Pacifica ENA+0.0100%1h0.2110−0.041%$403K$511K10xas long as short
Binance ENAUSDT+0.0100%4h0.2112+0.052%$128.5M$415.6M75xas long as short
Bybit ENAUSDT+0.0100%4h0.2113+0.076%$85.3M$175.1M50xas long as short
OKX ENA-USDT-SWAP+0.0100%4h0.2114+0.156%$21.0M$103.8M50xas long as short
Ondo Perps ENA-USD.P+0.0100%1h0.2115+0.175%$20K$319K5xas long as short
Arcus ENA-USD+0.0100%1h0.2110−0.048%$79K$276K10xas long as short
Bulk ENA-USD+0.0100%1h0.2107−0.213%$92K$4K10xas long as short
MEXC ENA_USDT+0.0100%4h0.2112+0.057%$46.1M$40.8M200xas long as short
KuCoin ENAUSDTM+0.0100%4h0.2112+0.033%$24.9M$15.6M75xas long as short
Bitget ENAUSDT+0.0100%4h0.2113+0.109%$47.9M$57.6M75xas long as short
BingX ENA-USDC+0.0100%4h0.2113+0.085%$6.5Mas long as short
Variational Omni ENA+0.0100%4h0.2108−0.153%$3.0M$10.0Mas long as short
edgeX ENAUSDC+0.0100%4h0.2111+0.010%$244K$6.9M20xas long as short
GRVT ENA_USDT_Perp+0.0100%4h0.2111−0.013%$352K$5.0M10xas long as short
ApeX Omni ENAUSDT+0.0100%1h0.2110−0.048%$20K$649K50xas long as short
Polymarket Perps ENA-USD+0.0100%1h0.2113+0.085%$178K$2.3M10xas long as short
SunX ENA-USDT+0.0100%4h0.2057−2.558%$1K$852K20xas long as short
SoDEX ENA-USD+0.0100%1h0.2108−0.142%$4K$7K10xas long as short
HTX ENA-USDT+0.0100%4h0.2111+0.009%$273K$793K50xas long as short
Phemex ENAUSDT+0.0100%4h0.2107−0.190%$1.8M$8.9M50xas long as short
Extended ENA-USD+0.0104%1h0.2109−0.084%$1.6M$4.2M50xas long as short
Aevo ENA-PERP+0.0104%1h0.2114+0.127%$74K$4K3xas long as short
Lighter ENA+0.0136%1h0.2113+0.080%$5.2M$13.2M10xas long as short
Kraken Futures PF_ENAUSD+0.0173%1h0.2109−0.080%$2.6M$4.3M50xas long as short
GMX ENA/USD [ETH-USDC]L +0.0306% / S −0.0358%1h0.2113+0.079%$70K100xas long as short
BloFin ENA-USDT+0.0340%4h0.2108−0.147%$5.5M$3.0M75xas long as short
Reya ENARUSDPERPlong+0.0412%1h0.2111long leg$1K$5K15x
Hyperliquid ENA+0.0417%1h0.2114+0.147%$115.2M$74.9M10xas long as short
Coinbase International ENA-PERP-INTXshort+0.0656%1h0.2114+0.161%$864K$1.7M50x