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

ENA

all ENA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0016%/8h= +1.8% APRnext payment +$0.08 per $10,000 · paid last 24h +0.006%
Price spread now: HTX against Gate+0.131%7-day average +0.103% · you sell dearer than you buy
Net, funding: paid 7d − costs−$83as in the Funding arb table
Net, price: spread back to 7d avg − costs−$86as in the Price arb table
costs, in and out, $10k−$890.887% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.053%+$5 on $10k
Price spread, last 3 days (all we have)+0.793%+$79 · spread now +0.131%, 7d avg +0.103%
Together, before fees+0.846%+$85 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and HTX is 0.028% dearer against Gate than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.103%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate ENA_USDT0.21370.0084pay 0.0042% / 4h3h 32m$10.6M$22.6M50x
ShortHTX ENA-USDT0.21400.0100get 0.0050% / 4h3h 32m$277K$1.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Gate. 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
$3.36
Price spread: +0.131% → +0.103%
$2.8
Slippage, 4 orders
−$61.75
Fee Gate: 7.5 bp × 2 orders
−$15
Fee HTX: 6 bp × 2 orders
−$12
Net
−$82.59
Costs to cover
0.887%
Break-even
179.1 days
Slippage from Gate: live order book, 2 min ago; HTX: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 2 min ago3.76 bp14.7 bp −$1529.3 bp −$29355.8 bp −$5,58395.7 bp −$47.9K
Sell HTX live order book, 2 min ago22.02 bp28.5 bp −$28291.1 bp −$2,911doesn't fitdoesn't fit

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−0.0429%1h0.2140+0.094%$368K$493K5xas long as short
Orderly PERP_ENA_USDC−0.0123%4h0.2131−0.299%$42K$23K10xas long as short
Phoenix ENA0.0000%1h0.2131−0.290%$6K$391K10xas long as short
Deribit ENA_USDC-PERPETUAL0.0000%1h0.2132−0.257%$95K$1.9M50xas long as short
gTrade (Gains Network) ENA/USDL +0.0003% / S −0.0003%1h0.2131−0.283%$98K150xas long as short
Kraken Futures PF_ENAUSD+0.0015%1h0.2132−0.238%$2.7M$6.1M50xas long as short
01 Exchange ENAUSD+0.0016%1h0.2139+0.047%$4K$43210xas long as short
Injective ENA/USDC PERP+0.0033%1h0.2123−0.660%$522$57K5.5xas long as short
Gate ENA_USDTlong+0.0084%4h0.2137long leg$10.6M$22.6M50x
Popdex ENAUSDT+0.0096%1h0.2137−0.023%$58K$551K50xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex ENA-USD-PERP+0.0100%8h0.2137−0.006%$48K$22110xas long as short
Aster ENAUSDT+0.0100%4h0.2140+0.095%$1.6M$3.3M50xas long as short
Pacifica ENA+0.0100%1h0.2138+0.036%$411K$611K10xas long as short
Binance ENAUSDT+0.0100%4h0.2137−0.028%$132.5M$473.2M75xas long as short
Bybit ENAUSDT+0.0100%4h0.2136−0.051%$90.7M$196.6M50xas long as short
OKX ENA-USDT-SWAP+0.0100%4h0.2138+0.019%$20.5M$118.9M50xas long as short
Ondo Perps ENA-USD.P+0.0100%1h0.2138+0.028%$20K$452K5xas long as short
Arcus ENA-USD+0.0100%1h0.2138+0.023%$85K$222K10xas long as short
Bulk ENA-USD+0.0100%1h0.2137−0.032%$90K$2K10xas long as short
MEXC ENA_USDT+0.0100%4h0.2138+0.019%$46.9M$50.4M200xas long as short
KuCoin ENAUSDTM+0.0100%4h0.2139+0.061%$23.8M$16.6M75xas long as short
Bitget ENAUSDT+0.0100%4h0.2136−0.084%$48.6M$67.1M75xas long as short
BingX ENA-USDT+0.0100%4h0.2138+0.005%$32.3Mas long as short
Variational Omni ENA+0.0100%4h0.2127−0.492%$3.7M$10.0Mas long as short
edgeX ENAUSDC+0.0100%4h0.2124−0.613%$253K$8.0M20xas long as short
GRVT ENA_USDT_Perp+0.0100%4h0.2125−0.577%$360K$4.5M10xas long as short
ApeX Omni ENAUSDT+0.0100%1h0.2131−0.304%$31K$716K50xas long as short
Nado ENA-PERP+0.0100%1h0.2130−0.353%$660K$1.8M10xas long as short
Polymarket Perps ENA-USD+0.0100%1h0.2131−0.313%$187K$3.1M10xas long as short
SunX ENA-USDT+0.0100%4h0.2081−2.662%$969$794K20xas long as short
SoDEX ENA-USD+0.0100%1h0.2131−0.304%$4K$14K10xas long as short
HTX ENA-USDTshort+0.0100%4h0.2140+0.131%$277K$1.7M50x
Phemex ENAUSDT+0.0100%4h0.2135−0.117%$1.9M$9.3M50xas long as short
Extended ENA-USD+0.0104%1h0.2137−0.040%$1.7M$4.2M50xas long as short
Aevo ENA-PERP+0.0104%1h0.2132−0.257%$78K$11K3xas long as short
GMX ENA/USD [ETH-USDC]L +0.0194% / S −0.0296%1h0.2131−0.283%$38K100xas long as short
Lighter ENA+0.0320%1h0.2140+0.140%$5.8M$13.5M10xas long as short
BloFin ENA-USDT+0.0340%4h0.2127−0.496%$5.6M$8.4M75xas long as short
Reya ENARUSDPERP+0.0412%1h0.2130−0.369%$1K$5K15xas long as short
Coinbase International ENA-PERP-INTX+0.0456%1h0.2132−0.234%$815K$2.4M50xas long as short
Hyperliquid ENA+0.0598%1h0.2141+0.178%$114.0M$80.3M10xas long as short
dYdX ENA-USD+0.6222%1h0.2138+0.009%$141K$12K5xas long as short