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

ENA

all ENA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0096%/8h= +10.5% APRnext payment +$0.12 per $10,000 · paid last 24h +0.030%
Price spread now: Popdex against 01 Exchange−0.014%7-day average · you buy dearer than you sell
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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds 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: +$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange ENAUSD0.20980get 0.0000% / 1h8m 03s$4K$27710x
ShortPopdex ENAUSDT0.20980.0096get 0.0012% / 1h8m 03s$56K$466K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Popdex 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
$20.16
Price spread: −0.014% → 0.000%
−$1.43
Slippage, 4 orders
no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Net
$5.33
Costs to cover
0.134%
Break-even
5.1 days
Slippage unknown: 01 Exchange: no order-book sample; Popdex: live order book, 46 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 01 Exchange no order-book sample
Sell Popdex live order book, 46 min ago1.42 bp10.3 bp −$10101.8 bp −$1,018doesn't fitdoesn't fit
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
Orderly PERP_ENA_USDC−0.0129%4h0.2099+0.038%$44K$25K10xas long as short
Backpack ENA_USDC_PERP−0.0053%1h0.2101+0.119%$358K$400K5xas long as short
01 Exchange ENAUSDlong0.0000%1h0.2098long leg$4K$27710x
Deribit ENA_USDC-PERPETUAL0.0000%1h0.2100+0.076%$73K$1.1M50xas long as short
gTrade (Gains Network) ENA/USDL +0.0004% / S −0.0004%1h0.2099+0.057%$81K150xas long as short
Injective ENA/USDC PERP+0.0033%1h0.2123+1.196%$522$57K5.5xas long as short
Popdex ENAUSDTshort+0.0096%1h0.2098−0.014%$56K$466K50x
Paradex ENA-USD-PERP+0.0100%8h0.2098−0.012%$47K$11010xas long as short
Nado ENA-PERP+0.0100%1h0.2098−0.019%$649K$1.7M10xas long as short
Hyperliquid ENA+0.0100%1h0.2102+0.186%$114.1M$73.8M10xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster ENAUSDT+0.0100%4h0.2101+0.117%$1.4M$3.2M50xas long as short
Pacifica ENA+0.0100%1h0.2098−0.002%$399K$513K10xas long as short
Binance ENAUSDT+0.0100%4h0.2101+0.148%$127.3M$411.9M75xas long as short
Bybit ENAUSDT+0.0100%4h0.2101+0.133%$84.8M$173.9M50xas long as short
OKX ENA-USDT-SWAP+0.0100%4h0.2102+0.195%$20.9M$102.9M50xas long as short
Ondo Perps ENA-USD.P+0.0100%1h0.2097−0.038%$22K$321K5xas long as short
Arcus ENA-USD+0.0100%1h0.2098−0.014%$78K$276K10xas long as short
Gate ENA_USDT+0.0100%4h0.2099+0.014%$11.2M$22.5M50xas long as short
MEXC ENA_USDT+0.0100%4h0.2102+0.167%$45.5M$41.1M200xas long as short
KuCoin ENAUSDTM+0.0100%4h0.2101+0.138%$24.8M$15.5M75xas long as short
Bitget ENAUSDT+0.0100%4h0.2100+0.076%$47.7M$57.4M75xas long as short
BingX ENA-USDT+0.0100%4h0.2099+0.052%$31.7Mas long as short
Variational Omni ENA+0.0100%4h0.2098+0.008%$3.0M$10.0Mas long as short
edgeX ENAUSDC+0.0100%4h0.2103+0.203%$242K$6.8M20xas long as short
GRVT ENA_USDT_Perp+0.0100%4h0.2103+0.224%$348K$5.0M10xas long as short
ApeX Omni ENAUSDT+0.0100%1h0.2103+0.224%$20K$650K50xas long as short
Polymarket Perps ENA-USD+0.0100%1h0.2100+0.071%$189K$2.4M10xas long as short
SunX ENA-USDT+0.0100%4h0.2047−2.421%$1K$855K20xas long as short
SoDEX ENA-USD+0.0100%1h0.2100+0.081%$4K$7K10xas long as short
HTX ENA-USDT+0.0100%4h0.2102+0.186%$272K$771K50xas long as short
Phemex ENAUSDT+0.0100%4h0.2100+0.081%$1.7M$8.9M50xas long as short
Bulk ENA-USD+0.0100%1h0.2102+0.181%$92K−$010xas long as short
Extended ENA-USD+0.0104%1h0.2101+0.112%$1.6M$4.2M50xas long as short
Aevo ENA-PERP+0.0104%1h0.2100+0.063%$73K$4K3xas long as short
Phoenix ENA+0.0113%1h0.2102+0.176%$8K$274K10xas long as short
Lighter ENA+0.0168%1h0.2102+0.162%$5.2M$13.3M10xas long as short
Kraken Futures PF_ENAUSD+0.0174%1h0.2100+0.097%$2.6M$4.3M50xas long as short
GMX ENA/USD [ETH-USDC]L +0.0306% / S −0.0358%1h0.2100+0.072%$70K100xas long as short
BloFin ENA-USDT+0.0340%4h0.2097−0.086%$5.5M$3.0M75xas long as short
Reya ENARUSDPERP+0.0412%1h0.2099+0.035%$1K$5K15xas long as short
Coinbase International ENA-PERP-INTX+0.0656%1h0.2109+0.505%$863K$1.7M50xas long as short
dYdX ENA-USD+0.1134%1h0.2097−0.058%$139K$15K5xas long as short