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

ENA

all ENA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 20:00 UTC+0.0323%/8hnext payment +$0.40 per $10,000 · paid last 24h +0.017%
Price spread now: Pacifica against Injective+0.413%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 7 days−0.176%−$18 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropPacifica: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Pacifica is 0.413% dearer against Injective than usual: you sell high and buy low: +$41 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.176%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.176% in total (about -9.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.40 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective ENA/USDC PERP0.2123−0.0223get 0.0028% / 1h6m 23s$522$57K5.5x
ShortPacifica ENA0.21320.0100get 0.0013% / 1h6m 23s$409K$618K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica 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
$67.76
Price spread: +0.413% → 0.000%
$41.3
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Pacifica: 4 bp × 2 orders
−$8
Net
$101.04
Costs to cover
0.080%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; Pacifica: live order book, 26 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 Injective no order-book sample
Sell Pacifica live order book, 26 min ago2.13 bp10.0 bp −$10doesn't fitdoesn't fitdoesn't fit
Injective: 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−0.0263%1h0.2134+0.518%$368K$493K5xas long as short
Injective ENA/USDC PERPlong−0.0223%1h0.2123long leg$522$57K5.5x
Kraken Futures PF_ENAUSD−0.0222%1h0.2133+0.473%$2.7M$6.1M50xas long as short
Orderly PERP_ENA_USDC−0.0139%4h0.2132+0.381%$42K$22K10xas long as short
01 Exchange ENAUSD−0.0032%1h0.2132+0.429%$4K$43210xas long as short
Phemex ENAUSDT−0.0027%4h0.2131+0.358%$1.9M$9.4M50xas long as short
Deribit ENA_USDC-PERPETUAL0.0000%1h0.2133+0.433%$95K$1.9M50xas long as short
gTrade (Gains Network) ENA/USDL +0.0003% / S −0.0003%1h0.2133+0.443%$99K150xas long as short
Phoenix ENA+0.0076%1h0.2132+0.414%$6K$392K10xas long as short
Bitget ENAUSDT+0.0080%4h0.2130+0.325%$48.6M$66.9M75xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Popdex ENAUSDT+0.0096%1h0.2131+0.358%$59K$564K50xas long as short
Paradex ENA-USD-PERP+0.0100%8h0.2131+0.358%$48K$22110xas long as short
Nado ENA-PERP+0.0100%1h0.2130+0.323%$654K$1.9M10xas long as short
Aster ENAUSDT+0.0100%4h0.2133+0.448%$1.6M$3.3M50xas long as short
Pacifica ENAshort+0.0100%1h0.2132+0.413%$409K$618K10x
Binance ENAUSDT+0.0100%4h0.2132+0.391%$131.8M$476.7M75xas long as short
Bybit ENAUSDT+0.0100%4h0.2131+0.363%$90.4M$198.3M50xas long as short
OKX ENA-USDT-SWAP+0.0100%4h0.2132+0.391%$20.4M$120.1M50xas long as short
Ondo Perps ENA-USD.P+0.0100%1h0.2127+0.184%$19K$470K5xas long as short
Arcus ENA-USD+0.0100%1h0.2132+0.405%$85K$216K10xas long as short
Gate ENA_USDT+0.0100%4h0.2132+0.386%$10.6M$23.6M50xas long as short
MEXC ENA_USDT+0.0100%4h0.2132+0.381%$45.6M$53.8M200xas long as short
KuCoin ENAUSDTM+0.0100%4h0.2133+0.466%$23.7M$16.9M75xas long as short
BingX ENA-USDC+0.0100%4h0.2132+0.396%$6.5Mas long as short
Variational Omni ENA+0.0100%4h0.2128+0.237%$3.7M$9.9Mas long as short
edgeX ENAUSDC+0.0100%4h0.2130+0.317%$255K$8.1M20xas long as short
GRVT ENA_USDT_Perp+0.0100%4h0.2129+0.271%$359K$4.5M10xas long as short
ApeX Omni ENAUSDT+0.0100%1h0.2132+0.405%$32K$719K50xas long as short
Polymarket Perps ENA-USD+0.0100%1h0.2133+0.447%$194K$3.2M10xas long as short
SunX ENA-USDT+0.0100%4h0.2081−2.002%$1K$787K20xas long as short
SoDEX ENA-USD+0.0100%1h0.2131+0.358%$4K$14K10xas long as short
HTX ENA-USDT+0.0100%4h0.2135+0.537%$276K$1.7M50xas long as short
Bulk ENA-USD+0.0100%1h0.2127+0.170%$89K$1K10xas long as short
Extended ENA-USD+0.0104%1h0.2131+0.367%$1.7M$4.2M50xas long as short
Aevo ENA-PERP+0.0104%1h0.2132+0.429%$78K$11K3xas long as short
GMX ENA/USD [ETH-USDC]L +0.0174% / S −0.0245%1h0.2133+0.454%$38K100xas long as short
Hyperliquid ENA+0.0202%1h0.2135+0.551%$113.8M$79.4M10xas long as short
BloFin ENA-USDT+0.0340%4h0.2132+0.405%$5.7M$8.4M75xas long as short
Lighter ENA+0.0400%1h0.2135+0.532%$5.9M$13.9M10xas long as short
Reya ENARUSDPERP+0.0412%1h0.2131+0.340%$1K$5K15xas long as short
Coinbase International ENA-PERP-INTX+0.0536%1h0.2134+0.509%$816K$2.4M50xas long as short
dYdX ENA-USD+0.5942%1h0.2135+0.546%$141K$12K5xas long as short