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

ENA

all ENA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0300%/8h= −32.8% APRnext payment $0.37 per $10,000 · paid last 24h −0.153%
Price spread now: 01 Exchange against Reya+0.154%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 · farm boardneeds both histories
The price spread pays, funding is against you. 01 Exchange is 0.154% dearer against Reya than usual: you sell high and buy low (spread +0.154% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 41 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya ENARUSDPERP0.20910.0412pay 0.0051% / 1h27m 58s$1K$5K15x
Short01 Exchange ENAUSD0.20950.0112get 0.0014% / 1h27m 58s$4K$43210x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
−$62.99
Price spread: +0.154% → 0.000%
$15.37
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$60.61
Costs to cover
0.130%
Break-even
from the start
Slippage unknown: Reya: no order-book sample; 01 Exchange: 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 01 Exchange no order-book sample
Reya and 01 Exchange: 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−0.0085%1h0.2090−0.066%$361K$454K5xas long as short
Orderly PERP_ENA_USDC−0.0059%4h0.2090−0.085%$40K$24K10xas long as short
Deribit ENA_USDC-PERPETUAL0.0000%1h0.2090−0.057%$92K$1.8M50xas long as short
gTrade (Gains Network) ENA/USDL +0.0003% / S −0.0003%1h0.2091−0.017%$96K150xas long as short
Injective ENA/USDC PERP+0.0033%1h0.2123+1.531%$522$57K5.5xas long as short
Kraken Futures PF_ENAUSD+0.0066%1h0.2091−0.019%$2.6M$5.6M50xas long as short
Popdex ENAUSDT+0.0096%1h0.2093+0.077%$61K$537K50xas long as short
Paradex ENA-USD-PERP+0.0100%8h0.2093+0.097%$47K$22110xas long as short
Nado ENA-PERP+0.0100%1h0.2093+0.063%$658K$1.8M10xas long as short
Aster ENAUSDT+0.0100%4h0.2090−0.066%$1.5M$3.3M50xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica ENA+0.0100%1h0.2094+0.137%$405K$578K10xas long as short
Binance ENAUSDT+0.0100%4h0.2088−0.155%$128.7M$457.5M75xas long as short
Bybit ENAUSDT+0.0100%4h0.2087−0.200%$86.8M$191.2M50xas long as short
OKX ENA-USDT-SWAP+0.0100%4h0.2088−0.143%$20.1M$111.7M50xas long as short
Ondo Perps ENA-USD.P+0.0100%1h0.2091−0.023%$15K$405K5xas long as short
Arcus ENA-USD+0.0100%1h0.2094+0.125%$82K$222K10xas long as short
Bulk ENA-USD+0.0100%1h0.2088−0.138%$88K$50010xas long as short
Gate ENA_USDT+0.0100%4h0.2089−0.090%$10.4M$21.3M50xas long as short
MEXC ENA_USDT+0.0100%4h0.2089−0.100%$45.2M$46.8M200xas long as short
KuCoin ENAUSDTM+0.0100%4h0.2091−0.028%$23.7M$16.5M75xas long as short
Bitget ENAUSDT+0.0100%4h0.2087−0.234%$47.2M$65.2M75xas long as short
BingX ENA-USDC+0.0100%4h0.2088−0.157%$6.5Mas long as short
Variational Omni ENA+0.0100%4h0.2090−0.081%$3.8M$10.3Mas long as short
edgeX ENAUSDC+0.0100%4h0.2095+0.176%$249K$7.8M20xas long as short
GRVT ENA_USDT_Perp+0.0100%4h0.2090−0.066%$347K$4.6M10xas long as short
ApeX Omni ENAUSDT+0.0100%1h0.2095+0.173%$32K$712K50xas long as short
Polymarket Perps ENA-USD+0.0100%1h0.2092+0.053%$183K$2.7M10xas long as short
SunX ENA-USDT+0.0100%4h0.2044−2.285%$1K$815K20xas long as short
SoDEX ENA-USD+0.0100%1h0.2089−0.114%$4K$14K10xas long as short
HTX ENA-USDT+0.0100%4h0.2093+0.092%$271K$1.5M50xas long as short
Phemex ENAUSDT+0.0100%4h0.2089−0.114%$1.9M$9.2M50xas long as short
Aevo ENA-PERP+0.0104%1h0.2090−0.080%$77K$11K3xas long as short
01 Exchange ENAUSDshort+0.0112%1h0.2095+0.154%$4K$43210x
Phoenix ENA+0.0115%1h0.2091−0.038%$5K$356K10xas long as short
GMX ENA/USD [ETH-USDC]L +0.0233% / S −0.0395%1h0.2091−0.042%$38K100xas long as short
Extended ENA-USD+0.0304%1h0.2089−0.104%$1.6M$4.2M50xas long as short
BloFin ENA-USDT+0.0340%4h0.2093+0.082%$5.5M$8.0M75xas long as short
Reya ENARUSDPERPlong+0.0412%1h0.2091long leg$1K$5K15x
Lighter ENA+0.0528%1h0.2092+0.029%$5.6M$12.9M10xas long as short
Hyperliquid ENA+0.0572%1h0.2091+0.001%$110.4M$79.6M10xas long as short
Coinbase International ENA-PERP-INTX+0.0576%1h0.2092+0.029%$804K$2.1M50xas long as short
dYdX ENA-USD+0.1924%1h0.2092+0.045%$138K$15K5xas long as short