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

ENA

all ENA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0072%/8h= −7.9% APRnext payment $0.09 per $10,000 · paid last 24h −0.133%
Price spread now: Aevo against Lighter−0.182%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−0.446%−$45 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Aevo is 0.182% cheaper against Lighter than usual: you would sell low and buy high (−$18 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter ENA0.21190.0176pay 0.0022% / 1h14m 41s$5.2M$13.5M10x
ShortAevo ENA-PERP0.21150.0104get 0.0013% / 1h14m 41s$74K$4K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Lighter. 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
−$15.12
Price spread: −0.182% → 0.000%
−$18.22
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$49.34
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: Lighter: live order book, 4 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 Lighter live order book, 4 min ago0.94 bp2.9 bp −$39.0 bp −$90308.4 bp −$30.8Kdoesn'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 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−0.0141%1h0.2117−0.104%$363K$398K5xas long as short
Orderly PERP_ENA_USDC−0.0072%4h0.2115−0.179%$44K$25K10xas long as short
01 Exchange ENAUSD−0.0048%1h0.2117−0.076%$4K$30210xas long as short
Deribit ENA_USDC-PERPETUAL0.0000%1h0.2115−0.165%$79K$1.1M50xas long as short
gTrade (Gains Network) ENA/USDL +0.0004% / S −0.0004%1h0.2113−0.262%$82K150xas long as short
Injective ENA/USDC PERP+0.0033%1h0.2123+0.208%$522$57K5.5xas long as short
Phoenix ENA+0.0076%1h0.21190.000%$8K$266K10xas long as short
Popdex ENAUSDT+0.0096%1h0.2116−0.142%$56K$475K50xas long as short
Paradex ENA-USD-PERP+0.0100%8h0.2117−0.117%$47K$11010xas long as short
Nado ENA-PERP+0.0100%1h0.2114−0.212%$660K$1.7M10xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster ENAUSDT+0.0100%4h0.2116−0.120%$1.5M$3.2M50xas long as short
Pacifica ENA+0.0100%1h0.2117−0.101%$404K$517K10xas long as short
Binance ENAUSDT+0.0100%4h0.2116−0.123%$128.9M$416.4M75xas long as short
Bybit ENAUSDT+0.0100%4h0.2116−0.132%$85.5M$175.4M50xas long as short
OKX ENA-USDT-SWAP+0.0100%4h0.2117−0.113%$21.0M$104.0M50xas long as short
Ondo Perps ENA-USD.P+0.0100%1h0.2112−0.335%$18K$319K5xas long as short
Arcus ENA-USD+0.0100%1h0.2116−0.142%$79K$276K10xas long as short
Bulk ENA-USD+0.0100%1h0.2116−0.151%$93K$4K10xas long as short
Gate ENA_USDT+0.0100%4h0.2116−0.142%$11.1M$22.2M50xas long as short
MEXC ENA_USDT+0.0100%4h0.2116−0.142%$46.1M$41.6M200xas long as short
KuCoin ENAUSDTM+0.0100%4h0.2117−0.071%$24.6M$15.5M75xas long as short
Bitget ENAUSDT+0.0100%4h0.2114−0.222%$48.0M$57.6M75xas long as short
BingX ENA-USDT+0.0100%4h0.2116−0.123%$32.3Mas long as short
Variational Omni ENA+0.0100%4h0.2115−0.209%$3.0M$10.0Mas long as short
edgeX ENAUSDC+0.0100%4h0.2117−0.107%$245K$6.9M20xas long as short
GRVT ENA_USDT_Perp+0.0100%4h0.2118−0.054%$350K$5.0M10xas long as short
ApeX Omni ENAUSDT+0.0100%1h0.2120+0.047%$20K$648K50xas long as short
Polymarket Perps ENA-USD+0.0100%1h0.2117−0.071%$179K$2.3M10xas long as short
SunX ENA-USDT+0.0100%4h0.2066−2.520%$1K$849K20xas long as short
SoDEX ENA-USD+0.0100%1h0.2116−0.142%$4K$7K10xas long as short
HTX ENA-USDT+0.0100%4h0.2118−0.042%$274K$796K50xas long as short
Phemex ENAUSDT+0.0100%4h0.2116−0.142%$1.8M$8.8M50xas long as short
Extended ENA-USD+0.0104%1h0.2115−0.193%$1.6M$4.2M50xas long as short
Aevo ENA-PERPshort+0.0104%1h0.2115−0.182%$74K$4K3x
Hyperliquid ENA+0.0127%1h0.2120+0.042%$115.5M$75.1M10xas long as short
dYdX ENA-USD+0.0175%1h0.2115−0.175%$140K$15K5xas long as short
Lighter ENAlong+0.0176%1h0.2119long leg$5.2M$13.5M10x
Kraken Futures PF_ENAUSD+0.0242%1h0.2117−0.099%$2.6M$4.3M50xas long as short
GMX ENA/USD [ETH-USDC]L +0.0306% / S −0.0358%1h0.2116−0.125%$70K100xas long as short
BloFin ENA-USDT+0.0340%4h0.2117−0.118%$5.6M$3.0M75xas long as short
Reya ENARUSDPERP+0.0412%1h0.2115−0.179%$1K$5K15xas long as short
Coinbase International ENA-PERP-INTX+0.0632%1h0.2118−0.066%$865K$1.7M50xas long as short