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

ENA

all ENA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0135%/8h= +14.7% APRnext payment +$0.17 per $10,000 · paid last 24h −0.024%
Price spread now: 01 Exchange against Injective+1.427%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 +$4 a day on $10k at the current rate, and 01 Exchange is 1.427% dearer against Injective than usual: you sell high and buy low: +$143 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective ENA/USDC PERP0.21230.0033pay 0.0004% / 1h4m 00s$522$57K5.5x
Short01 Exchange ENAUSD0.21540.0168get 0.0021% / 1h4m 00s$4K$30210x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
$28.28
Price spread: +1.427% → 0.000%
$142.7
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
$163.96
Costs to cover
0.070%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; 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 Injective no order-book sample
Sell 01 Exchange no order-book sample
Injective and 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
Deribit ENA_USDC-PERPETUAL0.0000%1h0.2148+1.173%$80K$1.6M50xas long as short
gTrade (Gains Network) ENA/USDL +0.0003% / S −0.0004%1h0.2151+1.280%$92K150xas long as short
Orderly PERP_ENA_USDC+0.0032%4h0.2148+1.144%$42K$23K10xas long as short
Injective ENA/USDC PERPlong+0.0033%1h0.2123long leg$522$57K5.5x
Popdex ENAUSDT+0.0096%1h0.2153+1.394%$53K$524K50xas long as short
Nado ENA-PERP+0.0100%1h0.2152+1.340%$722K$1.8M10xas long as short
Aster ENAUSDT+0.0100%4h0.2147+1.103%$1.6M$3.3M50xas long as short
Pacifica ENA+0.0100%1h0.2155+1.476%$424K$550K10xas long as short
Binance ENAUSDT+0.0100%4h0.2142+0.877%$133.9M$441.4M75xas long as short
Bybit ENAUSDT+0.0100%4h0.2140+0.786%$87.9M$186.1M50xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ENA-USDT-SWAP+0.0100%4h0.2141+0.848%$21.2M$109.7M50xas long as short
Ondo Perps ENA-USD.P+0.0100%1h0.2160+1.714%$16K$414K5xas long as short
Arcus ENA-USD+0.0100%1h0.2154+1.441%$107K$242K10xas long as short
Bulk ENA-USD+0.0100%1h0.2167+2.053%$95K$4K10xas long as short
Gate ENA_USDT+0.0100%4h0.2143+0.932%$10.9M$21.7M50xas long as short
MEXC ENA_USDT+0.0100%4h0.2142+0.867%$45.4M$45.3M200xas long as short
KuCoin ENAUSDTM+0.0100%4h0.2146+1.078%$24.7M$16.4M75xas long as short
Bitget ENAUSDT+0.0100%4h0.2142+0.871%$48.6M$61.1M75xas long as short
BingX ENA-USDT+0.0100%4h0.2142+0.890%$32.6Mas long as short
Backpack ENA_USDC_PERP+0.0100%1h0.2147+1.111%$380K$375K5xas long as short
Variational Omni ENA+0.0100%4h0.2153+1.382%$3.9M$10.1Mas long as short
edgeX ENAUSDC+0.0100%4h0.2166+2.015%$252K$7.5M20xas long as short
GRVT ENA_USDT_Perp+0.0100%4h0.2169+2.168%$361K$4.6M10xas long as short
ApeX Omni ENAUSDT+0.0100%1h0.2169+2.147%$33K$686K50xas long as short
Polymarket Perps ENA-USD+0.0100%1h0.2152+1.361%$179K$2.4M10xas long as short
SunX ENA-USDT+0.0100%4h0.2098−1.206%$827$834K20xas long as short
SoDEX ENA-USD+0.0100%1h0.2148+1.159%$4K$10K10xas long as short
HTX ENA-USDT+0.0100%4h0.2154+1.446%$279K$1.1M50xas long as short
Phemex ENAUSDT+0.0100%4h0.2148+1.159%$1.9M$9.4M50xas long as short
Paradex ENA-USD-PERP+0.0100%8h0.2155+1.490%$48K$11010xas long as short
Aevo ENA-PERP+0.0104%1h0.2150+1.271%$75K$4K3xas long as short
Phoenix ENA+0.0150%1h0.2157+1.578%$8K$347K10xas long as short
01 Exchange ENAUSDshort+0.0168%1h0.2154+1.427%$4K$30210x
dYdX ENA-USD+0.0217%1h0.2154+1.448%$142K$15K5xas long as short
Kraken Futures PF_ENAUSD+0.0232%1h0.2149+1.224%$2.7M$5.1M50xas long as short
GMX ENA/USD [ETH-USDC]L +0.0333% / S −0.0430%1h0.2151+1.278%$81K100xas long as short
BloFin ENA-USDT+0.0340%4h0.2149+1.224%$5.7M$2.0M75xas long as short
Extended ENA-USD+0.0384%1h0.2143+0.927%$1.6M$4.3M50xas long as short
Reya ENARUSDPERP+0.0412%1h0.2150+1.271%$1K$5K15xas long as short
Coinbase International ENA-PERP-INTX+0.0608%1h0.2162+1.818%$855K$1.8M50xas long as short
Hyperliquid ENA+0.0757%1h0.2149+1.215%$115.9M$74.5M10xas long as short
Lighter ENA+0.0776%1h0.2152+1.352%$5.9M$13.2M10xas long as short