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

ENA

all ENA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%
Price spread now: ApeX Omni against Popdex+0.476%57s7-day average +0.059% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$620.616% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.004%$0 on $10k
Price spread, last 4 days (all we have)−0.414%−$41 · spread now +0.476%, 7d avg +0.059%
Together, before fees−0.410%−$41 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.416% dearer against Popdex than usual: you sell high and buy low, +$42 on $10k if it goes back to its 7-day average of +0.059%. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPopdex ENAUSDT0.21030.0096pay 0.0012% / 1h26m 05s$55K$496K50x
ShortApeX Omni ENAUSDT0.21130.0100get 0.0013% / 1h26m 05s$22K$652K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Popdex. 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
$0.84
Price spread: +0.476% → +0.059%
$41.62
Slippage, 4 orders
−$45.17
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$19.1
Costs to cover
0.616%
Break-even
166.2 days
Slippage from Popdex: live order book, 38 min ago; ApeX Omni: live order book, 37 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Popdex live order book, 38 min ago2.35 bp12.1 bp −$1264.8 bp −$648doesn't fitdoesn't fit
Sell ApeX Omni live order book, 37 min ago9.40 bp18.6 bp −$19147.5 bp −$1,475doesn't fitdoesn't fit

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
Orderly PERP_ENA_USDC−0.0014%4h0.2101−0.086%$44K$26K10xas long as short
Deribit ENA_USDC-PERPETUAL0.0000%1h0.2102−0.024%$78K$1.3M50xas long as short
gTrade (Gains Network) ENA/USDL +0.0004% / S −0.0004%1h0.2102−0.048%$82K150xas long as short
01 Exchange ENAUSD+0.0008%1h0.2104+0.043%$4K$30210xas long as short
Injective ENA/USDC PERP+0.0033%1h0.2123+0.970%$522$57K5.5xas long as short
Popdex ENAUSDTlong+0.0096%1h0.2103long leg$55K$496K50x
Nado ENA-PERP+0.0100%1h0.2104+0.024%$679K$1.7M10xas long as short
Hyperliquid ENA+0.0100%1h0.2107+0.183%$113.2M$71.4M10xas long as short
Aster ENAUSDT+0.0100%4h0.2102−0.026%$1.5M$3.0M50xas long as short
Pacifica ENA+0.0100%1h0.2102−0.071%$410K$506K10xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ENAUSDT+0.0100%4h0.2104+0.067%$129.1M$419.5M75xas long as short
Bybit ENAUSDT+0.0100%4h0.2104+0.057%$86.2M$175.6M50xas long as short
OKX ENA-USDT-SWAP+0.0100%4h0.2105+0.086%$20.7M$102.0M50xas long as short
Ondo Perps ENA-USD.P+0.0100%1h0.2107+0.214%$19K$364K5xas long as short
Arcus ENA-USD+0.0100%1h0.21030.000%$78K$276K10xas long as short
Bulk ENA-USD+0.0100%1h0.2115+0.571%$93K$4K10xas long as short
Gate ENA_USDT+0.0100%4h0.2105+0.076%$11.0M$21.3M50xas long as short
MEXC ENA_USDT+0.0100%4h0.2104+0.052%$45.4M$42.0M200xas long as short
KuCoin ENAUSDTM+0.0100%4h0.2104+0.043%$24.5M$15.7M75xas long as short
Bitget ENAUSDT+0.0100%4h0.21030.000%$47.9M$57.7M75xas long as short
BingX ENA-USDC+0.0100%4h0.2105+0.076%$6.5Mas long as short
Backpack ENA_USDC_PERP+0.0100%1h0.2105+0.109%$373K$363K5xas long as short
Variational Omni ENA+0.0100%4h0.2101−0.089%$3.4M$10.2Mas long as short
edgeX ENAUSDC+0.0100%4h0.2110+0.324%$243K$7.1M20xas long as short
GRVT ENA_USDT_Perp+0.0100%4h0.2111+0.360%$357K$4.9M10xas long as short
ApeX Omni ENAUSDTshort+0.0100%1h0.2113+0.476%$22K$652K50x
Polymarket Perps ENA-USD+0.0100%1h0.21030.000%$183K$2.3M10xas long as short
SunX ENA-USDT+0.0100%4h0.2052−2.406%$1K$840K20xas long as short
SoDEX ENA-USD+0.0100%1h0.21030.000%$3K$7K10xas long as short
HTX ENA-USDT+0.0100%4h0.2113+0.456%$276K$781K50xas long as short
Phemex ENAUSDT+0.0100%4h0.2105+0.095%$1.8M$8.8M50xas long as short
Paradex ENA-USD-PERP+0.0100%8h0.2101−0.104%$47K$11010xas long as short
Extended ENA-USD+0.0104%1h0.2104+0.028%$1.6M$4.1M50xas long as short
Aevo ENA-PERP+0.0104%1h0.2102−0.068%$74K$4K3xas long as short
Phoenix ENA+0.0150%1h0.2112+0.428%$8K$298K10xas long as short
dYdX ENA-USD+0.0212%1h0.2102−0.043%$139K$15K5xas long as short
GMX ENA/USD [ETH-USDC]L +0.0250% / S −0.0206%1h0.2102−0.048%$50K100xas long as short
Kraken Futures PF_ENAUSD+0.0286%1h0.2105+0.085%$2.6M$4.3M50xas long as short
BloFin ENA-USDT+0.0340%4h0.2102−0.029%$5.6M$3.1M75xas long as short
Lighter ENA+0.0368%1h0.2105+0.086%$5.5M$13.6M10xas long as short
Reya ENARUSDPERP+0.0412%1h0.2102−0.059%$1K$5K15xas long as short
Coinbase International ENA-PERP-INTX+0.0664%1h0.2118+0.694%$833K$1.5M50xas long as short