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

ENA

all ENA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0476%/8h= +52.1% APRnext payment +$0.60 per $10,000 · paid last 24h +0.133%
Price spread now: Coinbase International against SoDEX+0.192%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 feesneeds both histories
Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Coinbase International is 0.192% dearer against SoDEX than usual: you sell high and buy low: +$19 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX ENA-USD0.20880.0100pay 0.0013% / 1h30m 44s$4K$14K10x
ShortCoinbase International ENA-PERP-INTX0.20920.0576get 0.0072% / 1h30m 44s$804K$2.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against SoDEX. 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
$99.96
Price spread: +0.192% → 0.000%
$19.16
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$101.12
Costs to cover
0.180%
Break-even
from the start
Slippage unknown: SoDEX: 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 SoDEX no order-book sample
Sell Coinbase International live order book, 3 min ago7.15 bp17.0 bp −$1721.7 bp −$217doesn't fitdoesn't fit
SoDEX: 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−0.0079%1h0.2090+0.081%$361K$461K5xas long as short
Orderly PERP_ENA_USDC−0.0063%4h0.2087−0.029%$40K$24K10xas long as short
Deribit ENA_USDC-PERPETUAL0.0000%1h0.2088+0.014%$92K$1.8M50xas long as short
gTrade (Gains Network) ENA/USDL +0.0003% / S −0.0003%1h0.2090+0.085%$96K150xas long as short
Injective ENA/USDC PERP+0.0033%1h0.2123+1.695%$522$57K5.5xas long as short
Kraken Futures PF_ENAUSD+0.0066%1h0.2090+0.075%$2.6M$5.6M50xas long as short
Popdex ENAUSDT+0.0096%1h0.2090+0.096%$61K$537K50xas long as short
Paradex ENA-USD-PERP+0.0100%8h0.2088−0.018%$47K$22110xas long as short
Nado ENA-PERP+0.0100%1h0.2091+0.144%$658K$1.8M10xas long as short
Aster ENAUSDT+0.0100%4h0.2090+0.096%$1.5M$3.3M50xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica ENA+0.0100%1h0.2090+0.084%$404K$581K10xas long as short
Binance ENAUSDT+0.0100%4h0.2089+0.060%$128.7M$457.4M75xas long as short
Bybit ENAUSDT+0.0100%4h0.2089+0.053%$86.9M$191.2M50xas long as short
OKX ENA-USDT-SWAP+0.0100%4h0.2089+0.057%$20.1M$111.7M50xas long as short
Ondo Perps ENA-USD.P+0.0100%1h0.2091+0.139%$15K$405K5xas long as short
Arcus ENA-USD+0.0100%1h0.2094+0.287%$82K$222K10xas long as short
Bulk ENA-USD+0.0100%1h0.2098+0.472%$88K$1K10xas long as short
Gate ENA_USDT+0.0100%4h0.2089+0.029%$10.4M$21.3M50xas long as short
MEXC ENA_USDT+0.0100%4h0.2089+0.057%$45.1M$46.8M200xas long as short
KuCoin ENAUSDTM+0.0100%4h0.2090+0.105%$23.9M$16.5M75xas long as short
Bitget ENAUSDT+0.0100%4h0.2087−0.053%$47.2M$65.2M75xas long as short
BingX ENA-USDC+0.0100%4h0.2089+0.043%$6.5Mas long as short
Variational Omni ENA+0.0100%4h0.2091+0.135%$3.8M$10.4Mas long as short
edgeX ENAUSDC+0.0100%4h0.2095+0.338%$249K$7.8M20xas long as short
GRVT ENA_USDT_Perp+0.0100%4h0.2093+0.232%$353K$4.6M10xas long as short
ApeX Omni ENAUSDT+0.0100%1h0.2095+0.335%$32K$712K50xas long as short
Polymarket Perps ENA-USD+0.0100%1h0.2091+0.134%$183K$2.7M10xas long as short
SunX ENA-USDT+0.0100%4h0.2041−2.270%$1K$814K20xas long as short
SoDEX ENA-USDlong+0.0100%1h0.2088long leg$4K$14K10x
HTX ENA-USDT+0.0100%4h0.2093+0.259%$271K$1.5M50xas long as short
Phemex ENAUSDT+0.0100%4h0.20880.000%$1.9M$9.2M50xas long as short
Aevo ENA-PERP+0.0104%1h0.20880.000%$77K$11K3xas long as short
01 Exchange ENAUSD+0.0112%1h0.2092+0.182%$4K$43210xas long as short
Phoenix ENA+0.0115%1h0.2096+0.393%$5K$356K10xas long as short
GMX ENA/USD [ETH-USDC]L +0.0231% / S −0.0390%1h0.2089+0.067%$38K100xas long as short
Extended ENA-USD+0.0288%1h0.2088+0.002%$1.6M$4.2M50xas long as short
BloFin ENA-USDT+0.0340%4h0.2089+0.067%$5.5M$8.0M75xas long as short
Reya ENARUSDPERP+0.0412%1h0.2090+0.100%$1K$5K15xas long as short
Lighter ENA+0.0512%1h0.2092+0.192%$5.6M$12.9M10xas long as short
Hyperliquid ENA+0.0569%1h0.2092+0.206%$110.5M$79.6M10xas long as short
Coinbase International ENA-PERP-INTXshort+0.0576%1h0.2092+0.192%$804K$2.1M50x
dYdX ENA-USD+0.1918%1h0.2089+0.041%$138K$15K5xas long as short