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

ENA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0104%/8h= −11.4% APRnext payment $0.13 per $10,000 · paid last 24h −0.031%
Price spread now: 01 Exchange against Extended+0.061%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 fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
The price spread pays, funding is against you. 01 Exchange is 0.061% dearer against Extended than usual: you sell high and buy low (spread +0.061% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 47 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ENA-USD0.20920.0104pay 0.0013% / 1h36m 35s$1.6M$4.4M50x
Short01 Exchange ENAUSD0.20940get 0.0000% / 1h36m 35s$4K$27710x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange against Extended. 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
−$21.84
Price spread: +0.061% → 0.000%
$6.1
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$27.74
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: Extended: live order book, 2 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 Extended live order book, 2 min ago0.24 bp5.9 bp −$615.5 bp −$155doesn'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−0.0095%4h0.2094+0.094%$43K$17K10xas long as short
01 Exchange ENAUSDshort0.0000%1h0.2094+0.061%$4K$27710x
Deribit ENA_USDC-PERPETUAL0.0000%1h0.2095+0.128%$54K$1.1M50xas long as short
gTrade (Gains Network) ENA/USDL +0.0004% / S −0.0004%1h0.2095+0.111%$81K150xas long as short
Injective ENA/USDC PERP+0.0033%1h0.2123+1.480%$522$57K5.5xas long as short
Lighter ENA+0.0096%1h0.2098+0.286%$4.9M$13.8M10xas long as short
Popdex ENAUSDT+0.0096%1h0.2093+0.028%$51K$478K50xas long as short
Paradex ENA-USD-PERP+0.0100%8h0.2093+0.023%$47K$11010xas long as short
Nado ENA-PERP+0.0100%1h0.2093+0.020%$557K$1.8M10xas long as short
Hyperliquid ENA+0.0100%1h0.2099+0.311%$113.8M$74.9M10xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster ENAUSDT+0.0100%4h0.2094+0.075%$1.4M$3.3M50xas long as short
Pacifica ENA+0.0100%1h0.2095+0.131%$404K$563K10xas long as short
Binance ENAUSDT+0.0100%4h0.2094+0.051%$127.2M$425.5M75xas long as short
Bybit ENAUSDT+0.0100%4h0.2095+0.118%$89.6M$187.4M50xas long as short
OKX ENA-USDT-SWAP+0.0100%4h0.2096+0.161%$21.0M$106.6M50xas long as short
Ondo Perps ENA-USD.P+0.0100%1h0.2096+0.185%$38K$316K5xas long as short
Arcus ENA-USD+0.0100%1h0.2094+0.075%$77K$281K10xas long as short
Bulk ENA-USD+0.0100%1h0.2096+0.158%$91K$51110xas long as short
Gate ENA_USDT+0.0100%4h0.2094+0.075%$12.7M$27.0M50xas long as short
MEXC ENA_USDT+0.0100%4h0.2094+0.066%$39.0M$42.9M200xas long as short
KuCoin ENAUSDTM+0.0100%4h0.2095+0.118%$24.7M$15.8M75xas long as short
Bitget ENAUSDT+0.0100%4h0.2092−0.030%$47.5M$59.7M75xas long as short
BingX ENA-USDC+0.0100%4h0.2093+0.028%$6.5Mas long as short
Backpack ENA_USDC_PERP+0.0100%1h0.2098+0.262%$406K$492K5xas long as short
Variational Omni ENA+0.0100%4h0.2106+0.660%$3.0M$10.1Mas long as short
edgeX ENAUSDC+0.0100%4h0.2099+0.307%$253K$7.1M20xas long as short
GRVT ENA_USDT_Perp+0.0100%4h0.2100+0.352%$362K$4.8M10xas long as short
ApeX Omni ENAUSDT+0.0100%1h0.2109+0.792%$19K$646K50xas long as short
Polymarket Perps ENA-USD+0.0100%1h0.2095+0.137%$185K$2.6M10xas long as short
SunX ENA-USDT+0.0100%4h0.2047−2.161%$1K$905K20xas long as short
SoDEX ENA-USD+0.0100%1h0.2095+0.123%$3K$7K10xas long as short
HTX ENA-USDT+0.0100%4h0.2099+0.324%$264K$817K50xas long as short
Phemex ENAUSDT+0.0100%4h0.2095+0.123%$1.8M$8.8M50xas long as short
Extended ENA-USDlong+0.0104%1h0.2092long leg$1.6M$4.4M50x
Aevo ENA-PERP+0.0104%1h0.2095+0.113%$73K$4K3xas long as short
Kraken Futures PF_ENAUSD+0.0150%1h0.2096+0.156%$2.6M$4.4M50xas long as short
Phoenix ENA+0.0190%1h0.2108+0.763%$8K$273K10xas long as short
GMX ENA/USD [ETH-USDC]L +0.0306% / S −0.0754%1h0.2094+0.096%$58K100xas long as short
BloFin ENA-USDT+0.0340%4h0.2094+0.080%$5.6M$3.3M75xas long as short
Reya ENARUSDPERP+0.0412%1h0.2094+0.087%$1K15xas long as short
Coinbase International ENA-PERP-INTX+0.0656%1h0.2099+0.338%$868K$1.8M50xas long as short
dYdX ENA-USD+0.0840%1h0.2096+0.185%$138K$16K5xas long as short