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

ENA

all ENA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0656%/8h= −71.8% APRnext payment $0.82 per $10,000 · paid last 24h −0.177%
Price spread now: 01 Exchange against Coinbase International−0.312%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
Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and 01 Exchange is 0.312% cheaper against Coinbase International than usual: you would sell low and buy high (−$31 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International ENA-PERP-INTX0.21180.0664pay 0.0083% / 1h29m 08s$833K$1.5M50x
Short01 Exchange ENAUSD0.21110.0008get 0.0001% / 1h29m 08s$4K$30210x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange against Coinbase International. 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
−$137.76
Price spread: −0.312% → 0.000%
−$31.17
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$185.93
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Coinbase International: live order book, 4 min ago; 01 Exchange: 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 Coinbase International live order book, 4 min ago8.49 bp17.8 bp −$1825.2 bp −$252doesn't fitdoesn't fit
Sell 01 Exchange no order-book sample
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−0.0009%4h0.2109−0.387%$44K$26K10xas long as short
Deribit ENA_USDC-PERPETUAL0.0000%1h0.2110−0.345%$79K$1.3M50xas long as short
gTrade (Gains Network) ENA/USDL +0.0004% / S −0.0004%1h0.2110−0.359%$82K150xas long as short
01 Exchange ENAUSDshort+0.0008%1h0.2111−0.312%$4K$30210x
Injective ENA/USDC PERP+0.0033%1h0.2123+0.274%$522$57K5.5xas long as short
dYdX ENA-USD+0.0085%1h0.2110−0.347%$139K$15K5xas long as short
Popdex ENAUSDT+0.0096%1h0.2110−0.359%$55K$497K50xas long as short
Nado ENA-PERP+0.0100%1h0.2109−0.401%$681K$1.7M10xas long as short
Hyperliquid ENA+0.0100%1h0.2111−0.316%$113.4M$71.4M10xas long as short
Aster ENAUSDT+0.0100%4h0.2111−0.316%$1.5M$3.0M50xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica ENA+0.0100%1h0.2112−0.287%$412K$506K10xas long as short
Binance ENAUSDT+0.0100%4h0.2107−0.494%$129.3M$420.1M75xas long as short
Bybit ENAUSDT+0.0100%4h0.2107−0.501%$86.4M$175.4M50xas long as short
OKX ENA-USDT-SWAP+0.0100%4h0.2108−0.449%$20.8M$102.3M50xas long as short
Ondo Perps ENA-USD.P+0.0100%1h0.2107−0.477%$19K$364K5xas long as short
Arcus ENA-USD+0.0100%1h0.2111−0.312%$78K$288K10xas long as short
Bulk ENA-USD+0.0100%1h0.2115−0.123%$93K$4K10xas long as short
Gate ENA_USDT+0.0100%4h0.2109−0.420%$11.1M$21.3M50xas long as short
MEXC ENA_USDT+0.0100%4h0.2109−0.416%$45.3M$41.9M200xas long as short
KuCoin ENAUSDTM+0.0100%4h0.2111−0.316%$24.6M$15.7M75xas long as short
Bitget ENAUSDT+0.0100%4h0.2107−0.501%$48.0M$57.7M75xas long as short
BingX ENA-USDC+0.0100%4h0.2109−0.397%$6.5Mas long as short
Backpack ENA_USDC_PERP+0.0100%1h0.2110−0.364%$373K$363K5xas long as short
Variational Omni ENA+0.0100%4h0.2113−0.240%$3.4M$10.2Mas long as short
edgeX ENAUSDC+0.0100%4h0.2118−0.001%$244K$7.4M20xas long as short
GRVT ENA_USDT_Perp+0.0100%4h0.2113−0.215%$357K$4.9M10xas long as short
ApeX Omni ENAUSDT+0.0100%1h0.2113−0.217%$22K$652K50xas long as short
Polymarket Perps ENA-USD+0.0100%1h0.2111−0.316%$183K$2.3M10xas long as short
SunX ENA-USDT+0.0100%4h0.2060−2.711%$1K$841K20xas long as short
SoDEX ENA-USD+0.0100%1h0.2109−0.406%$3K$7K10xas long as short
HTX ENA-USDT+0.0100%4h0.2113−0.222%$276K$781K50xas long as short
Phemex ENAUSDT+0.0100%4h0.2110−0.359%$1.9M$8.9M50xas long as short
Paradex ENA-USD-PERP+0.0100%8h0.2111−0.329%$47K$11010xas long as short
Extended ENA-USD+0.0104%1h0.2109−0.410%$1.6M$4.1M50xas long as short
Aevo ENA-PERP+0.0104%1h0.2111−0.312%$74K$4K3xas long as short
Phoenix ENA+0.0150%1h0.2116−0.094%$8K$298K10xas long as short
GMX ENA/USD [ETH-USDC]L +0.0251% / S −0.0206%1h0.2110−0.367%$50K100xas long as short
Kraken Futures PF_ENAUSD+0.0285%1h0.2111−0.313%$2.7M$4.3M50xas long as short
BloFin ENA-USDT+0.0340%4h0.2110−0.359%$5.6M$3.1M75xas long as short
Lighter ENA+0.0384%1h0.2111−0.298%$5.5M$13.6M10xas long as short
Reya ENARUSDPERP+0.0412%1h0.2110−0.360%$1K$5K15xas long as short
Coinbase International ENA-PERP-INTXlong+0.0664%1h0.2118long leg$833K$1.5M50x