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

ENA

all ENA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0028%/8h= +3.0% APRnext payment +$0.03 per $10,000 · paid last 24h −0.010%
Price spread now: gTrade (Gains Network) against 01 Exchange+0.473%108s7-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 +$1 a day on $10k at the current rate, and gTrade (Gains Network) is 0.473% dearer against 01 Exchange than usual: you sell high and buy low: +$47 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 108 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange ENAUSD0.2129−0.0024get 0.0003% / 1h36m 32s$4K$27710x
ShortgTrade (Gains Network) ENA/USD0.2139L +0.0004% / S −0.0004%get 0.0000% / 1h36m 32s$82K150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against 01 Exchange. 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
$5.8
Price spread: +0.473% → 0.000%
$47.35
Slippage, 4 orders
no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
$36.15
Costs to cover
0.170%
Break-even
from the start
Slippage unknown: 01 Exchange: no order-book sample; gTrade (Gains Network): 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 01 Exchange no order-book sample
Sell gTrade (Gains Network) no order-book sample
01 Exchange and gTrade (Gains Network): 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_USDC−0.0124%4h0.2144+0.728%$45K$26K10xas long as short
01 Exchange ENAUSDlong−0.0024%1h0.2129long leg$4K$27710x
Deribit ENA_USDC-PERPETUAL0.0000%1h0.2146+0.794%$68K$1.1M50xas long as short
gTrade (Gains Network) ENA/USDshortL +0.0004% / S −0.0004%1h0.2139+0.473%$82K150x
Injective ENA/USDC PERP+0.0033%1h0.2123−0.258%$522$57K5.5xas long as short
Lighter ENA+0.0096%1h0.2137+0.395%$5.1M$13.4M10xas long as short
Popdex ENAUSDT+0.0096%1h0.2129+0.005%$57K$481K50xas long as short
Nado ENA-PERP+0.0100%1h0.2146+0.799%$567K$1.8M10xas long as short
Hyperliquid ENA+0.0100%1h0.2137+0.362%$115.2M$75.4M10xas long as short
Aster ENAUSDT+0.0100%4h0.2131+0.097%$1.4M$3.3M50xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica ENA+0.0100%1h0.2135+0.275%$403K$539K10xas long as short
Binance ENAUSDT+0.0100%4h0.2129+0.005%$128.7M$428.7M75xas long as short
Bybit ENAUSDT+0.0100%4h0.2128−0.033%$86.7M$183.5M50xas long as short
OKX ENA-USDT-SWAP+0.0100%4h0.2130+0.070%$21.2M$108.5M50xas long as short
Ondo Perps ENA-USD.P+0.0100%1h0.2141+0.559%$20K$328K5xas long as short
Arcus ENA-USD+0.0100%1h0.2129+0.005%$79K$281K10xas long as short
Bulk ENA-USD+0.0100%1h0.2138+0.427%$93K$51110xas long as short
Gate ENA_USDT+0.0100%4h0.2131+0.080%$12.4M$26.2M50xas long as short
MEXC ENA_USDT+0.0100%4h0.2131+0.089%$48.4M$42.4M200xas long as short
KuCoin ENAUSDTM+0.0100%4h0.2134+0.230%$24.7M$15.8M75xas long as short
Bitget ENAUSDT+0.0100%4h0.2129−0.009%$48.4M$60.1M75xas long as short
BingX ENA-USDT+0.0100%4h0.2129+0.009%$31.6Mas long as short
Variational Omni ENA+0.0100%4h0.2139+0.473%$3.1M$10.2Mas long as short
edgeX ENAUSDC+0.0100%4h0.2139+0.483%$257K$7.1M20xas long as short
GRVT ENA_USDT_Perp+0.0100%4h0.2139+0.494%$365K$5.1M10xas long as short
ApeX Omni ENAUSDT+0.0100%1h0.2140+0.521%$19K$650K50xas long as short
Polymarket Perps ENA-USD+0.0100%1h0.2147+0.831%$188K$2.6M10xas long as short
SunX ENA-USDT+0.0100%4h0.2094−1.616%$1K$899K20xas long as short
SoDEX ENA-USD+0.0100%1h0.2145+0.756%$4K$7K10xas long as short
HTX ENA-USDT+0.0100%4h0.2147+0.850%$269K$819K50xas long as short
Phemex ENAUSDT+0.0100%4h0.2144+0.709%$1.8M$8.9M50xas long as short
Paradex ENA-USD-PERP+0.0100%8h0.2133+0.197%$48K$11010xas long as short
Extended ENA-USD+0.0104%1h0.2128−0.060%$1.6M$4.3M50xas long as short
Aevo ENA-PERP+0.0104%1h0.2145+0.767%$75K$4K3xas long as short
Phoenix ENA+0.0110%1h0.2142+0.597%$8K$276K10xas long as short
dYdX ENA-USD+0.0117%1h0.2130+0.070%$141K$16K5xas long as short
GMX ENA/USD [ETH-USDC]L +0.0308% / S −0.0753%1h0.2145+0.758%$59K100xas long as short
BloFin ENA-USDT+0.0340%4h0.2145+0.752%$5.6M$3.2M75xas long as short
Reya ENARUSDPERP+0.0412%1h0.2145+0.736%$1K$5K15xas long as short
Kraken Futures PF_ENAUSD+0.0439%1h0.2146+0.812%$2.7M$4.3M50xas long as short
Coinbase International ENA-PERP-INTX+0.0616%1h0.2149+0.958%$887K$1.8M50xas long as short
Backpack ENA_USDC_PERP+0.0687%1h0.2144+0.690%$396K$433K5xas long as short