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

ENA

all ENA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0628%/8h= +68.8% APRnext payment +$0.79 per $10,000 · paid last 24h +0.169%
Price spread now: Coinbase International against gTrade (Gains Network)+0.651%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 feesneeds both histories
Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Coinbase International is 0.651% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$65 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) ENA/USD0.2092L +0.0004% / S −0.0004%pay 0.0000% / 1h38m 30s$81K150x
ShortCoinbase International ENA-PERP-INTX0.21060.0632get 0.0079% / 1h38m 30s$858K$1.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against gTrade (Gains Network). 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
$131.95
Price spread: +0.651% → 0.000%
$65.14
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$177.09
Costs to cover
0.200%
Break-even
from the start
Slippage unknown: gTrade (Gains Network): no order-book sample; Coinbase International: live order book, 5 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 gTrade (Gains Network) no order-book sample
Sell Coinbase International live order book, 5 min ago7.86 bp17.9 bp −$1823.2 bp −$232doesn't fitdoesn't fit
gTrade (Gains Network): 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
Backpack ENA_USDC_PERP−0.0297%1h0.2092−0.018%$363K$390K5xas long as short
01 Exchange ENAUSD−0.0104%1h0.2096+0.159%$4K$30210xas long as short
Orderly PERP_ENA_USDC−0.0065%4h0.2092−0.042%$43K$25K10xas long as short
Deribit ENA_USDC-PERPETUAL0.0000%1h0.2092−0.042%$78K$1.2M50xas long as short
gTrade (Gains Network) ENA/USDlongL +0.0004% / S −0.0004%1h0.2092long leg$81K150x
Injective ENA/USDC PERP+0.0033%1h0.2123+1.478%$522$57K5.5xas long as short
Phoenix ENA+0.0076%1h0.2104+0.551%$8K$266K10xas long as short
Lighter ENA+0.0096%1h0.2095+0.121%$5.2M$13.4M10xas long as short
Popdex ENAUSDT+0.0096%1h0.2096+0.169%$55K$503K50xas long as short
Paradex ENA-USD-PERP+0.0100%8h0.2094+0.050%$47K$11010xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado ENA-PERP+0.0100%1h0.2097+0.216%$660K$1.7M10xas long as short
Hyperliquid ENA+0.0100%1h0.2094+0.097%$111.4M$73.1M10xas long as short
Aster ENAUSDT+0.0100%4h0.2094+0.051%$1.5M$2.9M50xas long as short
Pacifica ENA+0.0100%1h0.2093+0.045%$408K$499K10xas long as short
Binance ENAUSDT+0.0100%4h0.2096+0.178%$127.8M$415.8M75xas long as short
Bybit ENAUSDT+0.0100%4h0.2097+0.193%$85.0M$175.8M50xas long as short
OKX ENA-USDT-SWAP+0.0100%4h0.2098+0.269%$20.8M$102.2M50xas long as short
Ondo Perps ENA-USD.P+0.0100%1h0.2102+0.460%$20K$313K5xas long as short
Arcus ENA-USD+0.0100%1h0.2090−0.118%$77K$275K10xas long as short
Bulk ENA-USD+0.0100%1h0.2098+0.254%$92K$4K10xas long as short
Gate ENA_USDT+0.0100%4h0.2094+0.068%$11.0M$21.8M50xas long as short
MEXC ENA_USDT+0.0100%4h0.2094+0.049%$45.6M$41.2M200xas long as short
KuCoin ENAUSDTM+0.0100%4h0.2094+0.087%$24.5M$15.6M75xas long as short
Bitget ENAUSDT+0.0100%4h0.2096+0.178%$47.8M$57.5M75xas long as short
BingX ENA-USDT+0.0100%4h0.2095+0.102%$32.2Mas long as short
Variational Omni ENA+0.0100%4h0.2097+0.205%$3.1M$10.1Mas long as short
edgeX ENAUSDC+0.0100%4h0.2097+0.216%$242K$6.9M20xas long as short
GRVT ENA_USDT_Perp+0.0100%4h0.2098+0.264%$353K$5.0M10xas long as short
ApeX Omni ENAUSDT+0.0100%1h0.2098+0.264%$20K$646K50xas long as short
Polymarket Perps ENA-USD+0.0100%1h0.2097+0.236%$178K$2.3M10xas long as short
SunX ENA-USDT+0.0100%4h0.2042−2.398%$1K$845K20xas long as short
SoDEX ENA-USD+0.0100%1h0.2091−0.070%$4K$7K10xas long as short
HTX ENA-USDT+0.0100%4h0.2099+0.307%$271K$794K50xas long as short
Phemex ENAUSDT+0.0100%4h0.2092−0.022%$1.7M$8.8M50xas long as short
Extended ENA-USD+0.0104%1h0.2094+0.067%$1.6M$4.1M50xas long as short
Aevo ENA-PERP+0.0104%1h0.2092−0.046%$73K$4K3xas long as short
dYdX ENA-USD+0.0108%1h0.2092−0.002%$138K$15K5xas long as short
Kraken Futures PF_ENAUSD+0.0245%1h0.2093+0.005%$2.6M$4.2M50xas long as short
GMX ENA/USD [ETH-USDC]L +0.0253% / S −0.0213%1h0.2093+0.029%$51K100xas long as short
BloFin ENA-USDT+0.0340%4h0.2093+0.035%$5.5M$3.0M75xas long as short
Reya ENARUSDPERP+0.0412%1h0.2097+0.219%$1K$5K15xas long as short
Coinbase International ENA-PERP-INTXshort+0.0632%1h0.2106+0.651%$858K$1.5M50x