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

ENA

all ENA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0071%/8h= +7.7% APRnext payment +$0.09 per $10,000 · paid last 24h +0.028%
Price spread now: Aevo against Injective−1.267%59s7-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 7 days−0.156%−$16 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. Aevo is 1.267% cheaper against Injective than usual: you would sell low and buy high (spread −1.267% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$127 on $10k: about 60 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.156%, so the current rate has only just turned in your favour. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective ENA/USDC PERP0.21230.0033pay 0.0004% / 1h13m 42s$522$57K5.5x
ShortAevo ENA-PERP0.20970.0104get 0.0013% / 1h13m 42s$77K$11K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Injective. 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
$14.84
Price spread: −1.267% → 0.000%
−$126.68
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$127.86
Costs to cover
0.160%
Break-even
67.3 days
Slippage unknown: Injective: no order-book sample; Aevo: 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 Injective no order-book sample
Sell Aevo no order-book sample
Injective and Aevo: 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−0.0046%4h0.2097−1.267%$41K$24K10xas long as short
Backpack ENA_USDC_PERP−0.0033%1h0.2097−1.229%$370K$448K5xas long as short
Deribit ENA_USDC-PERPETUAL0.0000%1h0.2097−1.257%$92K$1.8M50xas long as short
gTrade (Gains Network) ENA/USDL +0.0003% / S −0.0003%1h0.2097−1.220%$101K150xas long as short
Injective ENA/USDC PERPlong+0.0033%1h0.2123long leg$522$57K5.5x
Kraken Futures PF_ENAUSD+0.0066%1h0.2098−1.200%$2.6M$5.5M50xas long as short
Popdex ENAUSDT+0.0096%1h0.2097−1.243%$61K$531K50xas long as short
Paradex ENA-USD-PERP+0.0100%8h0.2096−1.286%$47K$22110xas long as short
Nado ENA-PERP+0.0100%1h0.2098−1.184%$660K$1.8M10xas long as short
Aster ENAUSDT+0.0100%4h0.2097−1.267%$1.5M$3.3M50xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica ENA+0.0100%1h0.2095−1.314%$405K$576K10xas long as short
Binance ENAUSDT+0.0100%4h0.2096−1.305%$129.3M$455.0M75xas long as short
Bybit ENAUSDT+0.0100%4h0.2094−1.380%$87.1M$190.5M50xas long as short
OKX ENA-USDT-SWAP+0.0100%4h0.2095−1.347%$20.2M$111.0M50xas long as short
Ondo Perps ENA-USD.P+0.0100%1h0.2095−1.323%$15K$396K5xas long as short
Arcus ENA-USD+0.0100%1h0.2096−1.290%$82K$220K10xas long as short
Bulk ENA-USD+0.0100%1h0.2095−1.352%$88K$50010xas long as short
Gate ENA_USDT+0.0100%4h0.2094−1.366%$10.5M$21.3M50xas long as short
MEXC ENA_USDT+0.0100%4h0.2095−1.323%$46.5M$47.0M200xas long as short
KuCoin ENAUSDTM+0.0100%4h0.2097−1.224%$23.9M$16.4M75xas long as short
Bitget ENAUSDT+0.0100%4h0.2094−1.375%$47.3M$64.7M75xas long as short
BingX ENA-USDT+0.0100%4h0.2095−1.356%$32.7Mas long as short
Variational Omni ENA+0.0100%4h0.2091−1.522%$3.8M$10.3Mas long as short
edgeX ENAUSDC+0.0100%4h0.2093−1.448%$249K$7.8M20xas long as short
GRVT ENA_USDT_Perp+0.0100%4h0.2093−1.453%$353K$4.6M10xas long as short
ApeX Omni ENAUSDT+0.0100%1h0.2092−1.479%$32K$710K50xas long as short
Polymarket Perps ENA-USD+0.0100%1h0.2098−1.201%$177K$2.6M10xas long as short
SunX ENA-USDT+0.0100%4h0.2047−3.598%$1K$816K20xas long as short
SoDEX ENA-USD+0.0100%1h0.2096−1.290%$4K$14K10xas long as short
HTX ENA-USDT+0.0100%4h0.2099−1.130%$272K$1.5M50xas long as short
Phemex ENAUSDT+0.0100%4h0.2096−1.290%$1.9M$9.1M50xas long as short
Aevo ENA-PERPshort+0.0104%1h0.2097−1.267%$77K$11K3x
Phoenix ENA+0.0115%1h0.2097−1.224%$5K$356K10xas long as short
01 Exchange ENAUSD+0.0136%1h0.2096−1.295%$4K$43210xas long as short
GMX ENA/USD [ETH-USDC]L +0.0242% / S −0.0416%1h0.2097−1.243%$38K100xas long as short
Extended ENA-USD+0.0336%1h0.2094−1.384%$1.6M$4.1M50xas long as short
BloFin ENA-USDT+0.0340%4h0.2097−1.239%$5.5M$8.0M75xas long as short
Reya ENARUSDPERP+0.0412%1h0.2097−1.238%$1K$5K15xas long as short
Lighter ENA+0.0520%1h0.2098−1.206%$5.6M$12.9M10xas long as short
Coinbase International ENA-PERP-INTX+0.0576%1h0.2100−1.097%$827K$2.1M50xas long as short
Hyperliquid ENA+0.0583%1h0.2099−1.135%$110.8M$78.9M10xas long as short
dYdX ENA-USD+0.1980%1h0.2095−1.342%$138K$15K5xas long as short