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−0.0312%/8h= −34.1% APRnext payment $0.39 per $10,000 · paid last 24h −0.092%
Price spread now: Ondo Perps against Reya+0.014%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 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 · Ondo Perps: Active · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$9 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya ENARUSDPERP0.21240.0412pay 0.0051% / 1h56m 51s$1K$5K15x
ShortOndo Perps ENA-USD.P0.21240.0100get 0.0013% / 1h56m 51s$15K$395K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps 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
−$65.49
Price spread: +0.014% → 0.000%
$1.39
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$75.1
Costs to cover
0.110%
Break-even
never at this rate
Slippage unknown: Reya: no order-book sample; Ondo Perps: 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 Reya no order-book sample
Sell Ondo Perps no order-book sample
Reya and 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
Backpack ENA_USDC_PERP−0.0128%1h0.2125+0.028%$378K$445K5xas long as short
dYdX ENA-USD0.0000%1h0.2124−0.031%$140K$15K5xas long as short
Deribit ENA_USDC-PERPETUAL0.0000%1h0.2124−0.005%$94K$1.7M50xas long as short
gTrade (Gains Network) ENA/USDL +0.0003% / S −0.0003%1h0.2125+0.020%$105K150xas long as short
Orderly PERP_ENA_USDC+0.0014%4h0.2122−0.080%$41K$24K10xas long as short
Injective ENA/USDC PERP+0.0033%1h0.2123−0.038%$522$57K5.5xas long as short
Popdex ENAUSDT+0.0096%1h0.2126+0.085%$63K$525K50xas long as short
Nado ENA-PERP+0.0100%1h0.2125+0.055%$683K$1.8M10xas long as short
Aster ENAUSDT+0.0100%4h0.2124+0.005%$1.5M$3.3M50xas long as short
Pacifica ENA+0.0100%1h0.2125+0.029%$412K$560K10xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ENAUSDT+0.0100%4h0.2122−0.096%$131.7M$449.0M75xas long as short
Bybit ENAUSDT+0.0100%4h0.2121−0.141%$89.2M$188.6M50xas long as short
OKX ENA-USDT-SWAP+0.0100%4h0.2122−0.099%$20.7M$110.3M50xas long as short
Ondo Perps ENA-USD.Pshort+0.0100%1h0.2124+0.014%$15K$395K5x
Arcus ENA-USD+0.0100%1h0.2127+0.132%$84K$222K10xas long as short
Bulk ENA-USD+0.0100%1h0.2126+0.085%$90K−$010xas long as short
Gate ENA_USDT+0.0100%4h0.2121−0.141%$10.8M$20.5M50xas long as short
MEXC ENA_USDT+0.0100%4h0.2122−0.099%$46.3M$44.0M200xas long as short
KuCoin ENAUSDTM+0.0100%4h0.2124−0.028%$24.6M$16.4M75xas long as short
Bitget ENAUSDT+0.0100%4h0.2121−0.170%$48.2M$63.1M75xas long as short
BingX ENA-USDT+0.0100%4h0.2122−0.104%$32.6Mas long as short
Variational Omni ENA+0.0100%4h0.2124+0.007%$3.9M$10.2Mas long as short
edgeX ENAUSDC+0.0100%4h0.2125+0.053%$246K$7.5M20xas long as short
GRVT ENA_USDT_Perp+0.0100%4h0.2126+0.087%$361K$4.7M10xas long as short
ApeX Omni ENAUSDT+0.0100%1h0.2127+0.132%$34K$714K50xas long as short
Polymarket Perps ENA-USD+0.0100%1h0.2125+0.042%$177K$2.5M10xas long as short
SunX ENA-USDT+0.0100%4h0.2076−2.265%$1K$828K20xas long as short
SoDEX ENA-USD+0.0100%1h0.2123−0.057%$4K$11K10xas long as short
HTX ENA-USDT+0.0100%4h0.2137+0.584%$277K$1.4M50xas long as short
Phemex ENAUSDT+0.0100%4h0.2123−0.057%$2.0M$9.3M50xas long as short
Paradex ENA-USD-PERP+0.0100%8h0.2125+0.038%$48K$22110xas long as short
Aevo ENA-PERP+0.0104%1h0.2126+0.063%$78K$2K3xas long as short
Phoenix ENA+0.0189%1h0.2129+0.216%$7K$341K10xas long as short
01 Exchange ENAUSD+0.0232%1h0.2130+0.263%$4K$30210xas long as short
Kraken Futures PF_ENAUSD+0.0235%1h0.2125+0.049%$2.7M$5.2M50xas long as short
Extended ENA-USD+0.0248%1h0.2121−0.160%$1.6M$4.2M50xas long as short
GMX ENA/USD [ETH-USDC]L +0.0250% / S −0.0434%1h0.2125+0.017%$38K100xas long as short
BloFin ENA-USDT+0.0340%4h0.2123−0.043%$5.6M$4.7M75xas long as short
Reya ENARUSDPERPlong+0.0412%1h0.2124long leg$1K$5K15x
Lighter ENA+0.0600%1h0.2126+0.075%$5.6M$12.5M10xas long as short
Coinbase International ENA-PERP-INTX+0.0608%1h0.2127+0.150%$840K$1.9M50xas long as short
Hyperliquid ENA+0.0753%1h0.2125+0.056%$114.6M$78.4M10xas long as short