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+0.0556%/8h= +60.9% APRnext payment +$0.70 per $10,000 · paid last 24h +0.147%
Price spread now: Coinbase International against Bulk+0.143%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 4 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 +$17 a day on $10k at the current rate, and Coinbase International is 0.143% dearer against Bulk than usual: you sell high and buy low: +$14 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBulk ENA-USD0.20950.0100pay 0.0013% / 1h20m 10s$91K$51110x
ShortCoinbase International ENA-PERP-INTX0.20980.0656get 0.0082% / 1h20m 10s$867K$1.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Bulk. 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
$116.76
Price spread: +0.143% → 0.000%
$14.28
Slippage, 4 orders
no order book: not counted
Fee Bulk: 3.5 bp × 2 orders
−$7
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$114.04
Costs to cover
0.170%
Break-even
0.2 days
Slippage unknown: Bulk: 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 Bulk no order-book sample
Sell Coinbase International live order book, 3 min ago9.52 bp18.0 bp −$1822.0 bp −$220doesn't fitdoesn't fit
Bulk: 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−0.0089%4h0.2102+0.329%$44K$17K10xas long as short
Deribit ENA_USDC-PERPETUAL0.0000%1h0.2103+0.372%$54K$1.1M50xas long as short
gTrade (Gains Network) ENA/USDL +0.0004% / S −0.0004%1h0.2102+0.360%$81K150xas long as short
01 Exchange ENAUSD+0.0024%1h0.2103+0.367%$4K$27710xas long as short
Injective ENA/USDC PERP+0.0033%1h0.2123+1.360%$522$57K5.5xas long as short
Popdex ENAUSDT+0.0096%1h0.2102+0.338%$52K$484K50xas long as short
Paradex ENA-USD-PERP+0.0100%8h0.2102+0.321%$47K$11010xas long as short
Nado ENA-PERP+0.0100%1h0.2102+0.341%$562K$1.8M10xas long as short
Hyperliquid ENA+0.0100%1h0.2104+0.443%$114.1M$74.7M10xas long as short
Aster ENAUSDT+0.0100%4h0.2102+0.326%$1.4M$3.3M50xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica ENA+0.0100%1h0.2101+0.286%$405K$563K10xas long as short
Binance ENAUSDT+0.0100%4h0.2102+0.335%$128.0M$425.3M75xas long as short
Bybit ENAUSDT+0.0100%4h0.2102+0.315%$90.2M$187.4M50xas long as short
OKX ENA-USDT-SWAP+0.0100%4h0.2103+0.391%$21.0M$106.8M50xas long as short
Ondo Perps ENA-USD.P+0.0100%1h0.2093−0.091%$33K$320K5xas long as short
Arcus ENA-USD+0.0100%1h0.2102+0.338%$78K$283K10xas long as short
Bulk ENA-USDlong+0.0100%1h0.2095long leg$91K$51110x
Gate ENA_USDT+0.0100%4h0.2102+0.319%$12.7M$27.2M50xas long as short
MEXC ENA_USDT+0.0100%4h0.2103+0.367%$39.1M$43.1M200xas long as short
KuCoin ENAUSDTM+0.0100%4h0.2103+0.367%$24.8M$15.8M75xas long as short
Bitget ENAUSDT+0.0100%4h0.2101+0.286%$47.7M$59.8M75xas long as short
BingX ENA-USDT+0.0100%4h0.2102+0.358%$31.4Mas long as short
Backpack ENA_USDC_PERP+0.0100%1h0.2104+0.429%$407K$492K5xas long as short
Variational Omni ENA+0.0100%4h0.2097+0.118%$3.0M$9.9Mas long as short
edgeX ENAUSDC+0.0100%4h0.2095+0.028%$253K$7.1M20xas long as short
GRVT ENA_USDT_Perp+0.0100%4h0.2095+0.004%$351K$4.7M10xas long as short
ApeX Omni ENAUSDT+0.0100%1h0.2099+0.195%$19K$646K50xas long as short
Polymarket Perps ENA-USD+0.0100%1h0.2103+0.386%$181K$2.6M10xas long as short
SunX ENA-USDT+0.0100%4h0.2051−2.091%$1K$908K20xas long as short
SoDEX ENA-USD+0.0100%1h0.2102+0.338%$4K$7K10xas long as short
HTX ENA-USDT+0.0100%4h0.2104+0.434%$265K$814K50xas long as short
Phemex ENAUSDT+0.0100%4h0.2102+0.338%$1.8M$8.9M50xas long as short
Lighter ENA+0.0104%1h0.2104+0.434%$5.0M$13.9M10xas long as short
Extended ENA-USD+0.0104%1h0.2101+0.278%$1.6M$4.4M50xas long as short
Aevo ENA-PERP+0.0104%1h0.2103+0.366%$74K$4K3xas long as short
Kraken Futures PF_ENAUSD+0.0149%1h0.2103+0.392%$2.6M$4.4M50xas long as short
Phoenix ENA+0.0190%1h0.2094−0.024%$13K$273K10xas long as short
GMX ENA/USD [ETH-USDC]L +0.0306% / S −0.0754%1h0.2102+0.361%$58K100xas long as short
BloFin ENA-USDT+0.0340%4h0.2099+0.186%$5.5M$3.4M75xas long as short
Reya ENARUSDPERP+0.0412%1h0.2101+0.274%$1K15xas long as short
Coinbase International ENA-PERP-INTXshort+0.0656%1h0.2098+0.143%$867K$1.8M50x
dYdX ENA-USD+0.1007%1h0.2100+0.266%$139K$16K5xas long as short