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

ENA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0412%/8h= +45.1% APRnext payment +$0.51 per $10,000 · paid last 24h +0.125%
Price spread now: Reya against 01 Exchange+0.110%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
Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Reya is 0.110% dearer against 01 Exchange than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange ENAUSD0.21030get 0.0000% / 1h57m 14s$4K$27710x
ShortReya ENARUSDPERP0.21050.0412get 0.0051% / 1h57m 14s$1K$5K15x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Reya 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
$86.45
Price spread: +0.110% → 0.000%
$10.96
Slippage, 4 orders
no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee Reya: 3 bp × 2 orders
−$6
Net
$84.4
Costs to cover
0.130%
Break-even
0.2 days
Slippage unknown: 01 Exchange: no order-book sample; Reya: 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 Reya no order-book sample
01 Exchange and Reya: 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−0.0132%4h0.2108+0.238%$44K$25K10xas long as short
01 Exchange ENAUSDlong0.0000%1h0.2103long leg$4K$27710x
gTrade (Gains Network) ENA/USDL +0.0004% / S −0.0004%1h0.2107+0.218%$82K150xas long as short
Injective ENA/USDC PERP+0.0033%1h0.2123+0.975%$522$57K5.5xas long as short
Deribit ENA_USDC-PERPETUAL+0.0035%1h0.2109+0.271%$73K$1.1M50xas long as short
Gate ENA_USDT+0.0062%4h0.2107+0.185%$11.0M$23.1M50xas long as short
Popdex ENAUSDT+0.0096%1h0.2103+0.005%$57K$465K50xas long as short
Paradex ENA-USD-PERP+0.0100%8h0.2101−0.109%$47K$11010xas long as short
Nado ENA-PERP+0.0100%1h0.2104+0.050%$653K$1.7M10xas long as short
Hyperliquid ENA+0.0100%1h0.2107+0.204%$114.1M$74.2M10xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster ENAUSDT+0.0100%4h0.2108+0.246%$1.5M$3.2M50xas long as short
Pacifica ENA+0.0100%1h0.2100−0.131%$399K$512K10xas long as short
Binance ENAUSDT+0.0100%4h0.2109+0.307%$127.8M$411.8M75xas long as short
Bybit ENAUSDT+0.0100%4h0.2109+0.314%$85.2M$174.1M50xas long as short
OKX ENA-USDT-SWAP+0.0100%4h0.2110+0.347%$21.0M$103.4M50xas long as short
Ondo Perps ENA-USD.P+0.0100%1h0.2090−0.632%$22K$319K5xas long as short
Arcus ENA-USD+0.0100%1h0.2103+0.005%$78K$276K10xas long as short
Bulk ENA-USD+0.0100%1h0.2094−0.401%$92K−$010xas long as short
MEXC ENA_USDT+0.0100%4h0.2110+0.361%$45.7M$40.5M200xas long as short
KuCoin ENAUSDTM+0.0100%4h0.2110+0.347%$24.9M$15.4M75xas long as short
Bitget ENAUSDT+0.0100%4h0.2107+0.195%$47.9M$57.5M75xas long as short
BingX ENA-USDC+0.0100%4h0.2107+0.214%$6.5Mas long as short
Variational Omni ENA+0.0100%4h0.2089−0.638%$3.0M$10.0Mas long as short
edgeX ENAUSDC+0.0100%4h0.2090−0.592%$240K$6.8M20xas long as short
GRVT ENA_USDT_Perp+0.0100%4h0.2091−0.562%$346K$5.0M10xas long as short
ApeX Omni ENAUSDT+0.0100%1h0.2095−0.376%$20K$648K50xas long as short
Polymarket Perps ENA-USD+0.0100%1h0.2105+0.105%$188K$2.4M10xas long as short
SunX ENA-USDT+0.0100%4h0.2050−2.516%$1K$857K20xas long as short
SoDEX ENA-USD+0.0100%1h0.2109+0.290%$3K$7K10xas long as short
HTX ENA-USDT+0.0100%4h0.2111+0.371%$273K$776K50xas long as short
Phemex ENAUSDT+0.0100%4h0.2108+0.243%$1.7M$8.9M50xas long as short
Extended ENA-USD+0.0104%1h0.2108+0.230%$1.6M$4.2M50xas long as short
Aevo ENA-PERP+0.0104%1h0.2108+0.226%$74K$4K3xas long as short
Phoenix ENA+0.0113%1h0.2098−0.252%$8K$278K10xas long as short
Kraken Futures PF_ENAUSD+0.0163%1h0.2109+0.313%$2.6M$4.3M50xas long as short
Lighter ENA+0.0224%1h0.2111+0.366%$5.2M$12.9M10xas long as short
GMX ENA/USD [ETH-USDC]L +0.0306% / S −0.0358%1h0.2107+0.204%$70K100xas long as short
BloFin ENA-USDT+0.0340%4h0.2110+0.352%$5.6M$3.0M75xas long as short
Reya ENARUSDPERPshort+0.0412%1h0.2105+0.110%$1K$5K15x
Backpack ENA_USDC_PERP+0.0486%1h0.2097−0.304%$357K$400K5xas long as short
Coinbase International ENA-PERP-INTX+0.0704%1h0.2098−0.228%$860K$1.7M50xas long as short
dYdX ENA-USD+0.1492%1h0.2100−0.149%$139K$15K5xas long as short