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

ENA

all ENA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0147%/8h= −16.1% APRnext payment $0.18 per $10,000 · paid last 24h +0.061%
Price spread now: Aevo against Kraken Futures−0.058%7-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−0.137%−$14 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Aevo is 0.058% cheaper against Kraken Futures than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_ENAUSD0.21270.0251pay 0.0031% / 1h15m 21s$2.7M$4.5M50x
ShortAevo ENA-PERP0.21260.0104get 0.0013% / 1h15m 21s$74K$4K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Kraken Futures. 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
−$30.83
Price spread: −0.058% → 0.000%
−$5.77
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$62.6
Costs to cover
0.260%
Break-even
never at this rate
Slippage unknown: Kraken Futures: live order book, 3 min ago; 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 Kraken Futures live order book, 3 min ago14.08 bp20.7 bp −$2128.5 bp −$28596.0 bp −$9,600doesn't fit
Sell Aevo no order-book sample
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 41 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%1h0.2125−0.059%$79K$1.5M50xas long as short
gTrade (Gains Network) ENA/USDL +0.0004% / S −0.0004%1h0.2125−0.072%$87K150xas long as short
dYdX ENA-USD+0.0014%1h0.2125−0.092%$140K$15K5xas long as short
Injective ENA/USDC PERP+0.0033%1h0.2123−0.157%$522$57K5.5xas long as short
Orderly PERP_ENA_USDC+0.0036%4h0.2125−0.096%$44K$28K10xas long as short
Popdex ENAUSDT+0.0096%1h0.2123−0.176%$54K$515K50xas long as short
Nado ENA-PERP+0.0100%1h0.2124−0.153%$683K$1.8M10xas long as short
Aster ENAUSDT+0.0100%4h0.2125−0.091%$1.5M$3.3M50xas long as short
Pacifica ENA+0.0100%1h0.2124−0.124%$415K$543K10xas long as short
Binance ENAUSDT+0.0100%4h0.2126−0.050%$131.3M$442.8M75xas long as short
Show all 41 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ENAUSDT+0.0100%4h0.2126−0.049%$87.1M$186.2M50xas long as short
OKX ENA-USDT-SWAP+0.0100%4h0.2126−0.021%$20.9M$107.3M50xas long as short
Ondo Perps ENA-USD.P+0.0100%1h0.2129+0.092%$19K$395K5xas long as short
Arcus ENA-USD+0.0100%1h0.2124−0.129%$78K$289K10xas long as short
Bulk ENA-USD+0.0100%1h0.2126−0.033%$93K$4K10xas long as short
Gate ENA_USDT+0.0100%4h0.2125−0.082%$11.0M$21.7M50xas long as short
MEXC ENA_USDT+0.0100%4h0.2125−0.063%$45.2M$44.4M200xas long as short
KuCoin ENAUSDTM+0.0100%4h0.2126−0.045%$24.6M$16.3M75xas long as short
Bitget ENAUSDT+0.0100%4h0.2125−0.096%$48.3M$60.5M75xas long as short
BingX ENA-USDC+0.0100%4h0.2126−0.045%$6.5Mas long as short
Backpack ENA_USDC_PERP+0.0100%1h0.2126−0.035%$380K$383K5xas long as short
Variational Omni ENA+0.0100%4h0.2125−0.084%$3.8M$10.2Mas long as short
edgeX ENAUSDC+0.0100%4h0.2131+0.215%$248K$7.5M20xas long as short
GRVT ENA_USDT_Perp+0.0100%4h0.2131+0.203%$357K$4.8M10xas long as short
ApeX Omni ENAUSDT+0.0100%1h0.2131+0.200%$32K$655K50xas long as short
Polymarket Perps ENA-USD+0.0100%1h0.2125−0.082%$183K$2.4M10xas long as short
SunX ENA-USDT+0.0100%4h0.2073−2.518%$1K$855K20xas long as short
SoDEX ENA-USD+0.0100%1h0.2125−0.082%$4K$10K10xas long as short
HTX ENA-USDT+0.0100%4h0.2130+0.148%$274K$864K50xas long as short
Phemex ENAUSDT+0.0100%4h0.2124−0.129%$1.9M$9.2M50xas long as short
Paradex ENA-USD-PERP+0.0100%8h0.2122−0.232%$47K$11010xas long as short
01 Exchange ENAUSD+0.0104%1h0.2124−0.115%$4K$30210xas long as short
Aevo ENA-PERPshort+0.0104%1h0.2126−0.058%$74K$4K3x
Phoenix ENA+0.0188%1h0.2126−0.035%$7K$351K10xas long as short
Extended ENA-USD+0.0208%1h0.2125−0.100%$1.6M$4.1M50xas long as short
Kraken Futures PF_ENAUSDlong+0.0251%1h0.2127long leg$2.7M$4.5M50x
GMX ENA/USD [ETH-USDC]L +0.0251% / S −0.0206%1h0.2125−0.073%$50K100xas long as short
Reya ENARUSDPERP+0.0412%1h0.2125−0.086%$1K$5K15xas long as short
Lighter ENA+0.0424%1h0.2127−0.007%$5.5M$13.7M10xas long as short
Hyperliquid ENA+0.0498%1h0.2128+0.059%$115.0M$72.5M10xas long as short
Coinbase International ENA-PERP-INTX+0.0648%1h0.2136+0.430%$837K$1.7M50xas long as short