data as of
Settings8H · net · $10k
Funding arb /

ENA

all ENA markets
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Funding spread now, next payment 15:00 UTC−0.0490%/8h
next payment, per $10,000$0.61paid, last 24h−0.024%paid, last 5 days+0.002%to open and close $10k−$49
The current rate is far above what this pair has been paying: over the last 5 days it paid 0.002% in total (about 0.2% a year). A funding rate is set anew for every payment; at this rate the next one is about $0.61 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
LongPhoenix ENA0.21600get 0.0000% / 1h12m 23s$5K$463K10x
ShortBackpack ENA_USDC_PERP0.2162−0.0490pay 0.0061% / 1h12m 23s$369K$738K5x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
−$102.9
Slippage, 4 orders
−$32.14
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee Backpack: 5 bp × 2 orders
−$10
Net
−$152.04
Break-even
never at this rate
Slippage from Phoenix: live order book, 36 min ago; Backpack: live order book, 23 min ago.

Price risk

price view
Price gap now
+0.111%
Avg gap 7d
−0.060%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phoenix live order book, 36 min ago1.80 bp16.6 bp −$1759.7 bp −$597doesn't fitdoesn't fit
Sell Backpack live order book, 23 min ago0.92 bp7.1 bp −$742.4 bp −$424doesn't fitdoesn't fit

ENA on 41 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Backpack ENA_USDC_PERPshort−0.0490%1h$369K$738K5x
Kraken Futures PF_ENAUSD−0.0259%1h$2.6M$10.2M50xas long as short
Orderly PERP_ENA_USDC−0.0184%4h$43K$41K10xas long as short
01 Exchange ENAUSD−0.0144%1h$4K$3K10xas long as short
Bitget ENAUSDT−0.0094%4h$49.9M$82.1M75xas long as short
Gate ENA_USDT−0.0020%4h$11.0M$30.8M50xas long as short
Phoenix ENAlong0.0000%1h$5K$463K10x
Deribit ENA_USDC-PERPETUAL0.0000%1h$84K$2.5M50xas long as short
gTrade (Gains Network) ENA/USDL +0.0003% / S −0.0003%1h$99K150xas long as short
Injective ENA/USDC PERP+0.0033%1h$535$2K5.5xas long as short
Show all 41 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Bybit ENAUSDT+0.0077%4h$92.9M$236.1M50xas long as short
OKX ENA-USDT-SWAP+0.0078%4h$21.4M$161.6M50xas long as short
Popdex ENAUSDT+0.0096%1h$57K$607K50xas long as short
Paradex ENA-USD-PERP+0.0099%8h$48K$89610xas long as short
Nado ENA-PERP+0.0100%1h$642K$2.1M10xas long as short
Hyperliquid ENA+0.0100%1h$111.0M$97.7M10xas long as short
Aster ENAUSDT+0.0100%4h$1.6M$3.1M50xas long as short
Pacifica ENA+0.0100%1h$430K$746K10xas long as short
Binance ENAUSDT+0.0100%4h$136.1M$560.1M75xas long as short
Ondo Perps ENA-USD.P+0.0100%1h$21K$533K5xas long as short
Arcus ENA-USD+0.0100%1h$87K$319K10xas long as short
MEXC ENA_USDT+0.0100%4h$44.7M$65.1M200xas long as short
KuCoin ENAUSDTM+0.0100%4h$23.4M$18.8M75xas long as short
BingX ENA-USDT+0.0100%4h$32.6Mas long as short
Variational Omni ENA+0.0100%4h$4.7M$9.6Mas long as short
edgeX ENAUSDC+0.0100%4h$268K$9.4M20xas long as short
ApeX Omni ENAUSDT+0.0100%1h$37K$694K50xas long as short
Polymarket Perps ENA-USD+0.0100%1h$169K$4.0M10xas long as short
SunX ENA-USDT+0.0100%4h$1K$771K20xas long as short
SoDEX ENA-USD+0.0100%1h$4K$16K10xas long as short
HTX ENA-USDT+0.0100%4h$264K$2.4M50xas long as short
Phemex ENAUSDT+0.0100%4h$1.7M$9.3M50xas long as short
Bulk ENA-USD+0.0100%1h$91K−$010xas long as short
Extended ENA-USD+0.0104%1h$1.6M$4.1M50xas long as short
Aevo ENA-PERP+0.0104%1h$79K$11K3xas long as short
GMX ENA/USD [ETH-USDC]L +0.0121% / S −0.0117%1h$32K100xas long as short
Lighter ENA+0.0272%1h$6.1M$18.3M10xas long as short
BloFin ENA-USDT+0.0340%4h$5.9M$9.6M75xas long as short
Reya ENARUSDPERP+0.0412%1h$1K$5K15xas long as short
Coinbase International ENA-PERP-INTX+0.0512%1h$860K$3.5M50xas long as short
dYdX ENA-USD+0.0943%1h$133K$3K5xas long as short