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

ENA

all ENA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 20:00 UTC−0.0093%/8hnext payment $0.12 per $10,000 · paid last 24h −0.028%
Price spread now: gTrade (Gains Network) against Popdex−0.236%50s7-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 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 against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.236% cheaper against Popdex than usual: you would sell low and buy high (−$24 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPopdex ENAUSDT0.21440.0096pay 0.0012% / 1h3m 35s$60K$563K50x
ShortgTrade (Gains Network) ENA/USD0.2139L +0.0003% / S −0.0003%get 0.0000% / 1h3m 35s$99K150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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
−$19.53
Price spread: −0.236% → 0.000%
−$23.55
Slippage, 4 orders
no order book: not counted
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$59.48
Costs to cover
0.164%
Break-even
never at this rate
Slippage unknown: Popdex: live order book, 29 min ago; gTrade (Gains Network): 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 Popdex live order book, 29 min ago1.65 bp8.9 bp −$975.8 bp −$758doesn't fitdoesn't fit
Sell gTrade (Gains Network) no order-book sample
gTrade (Gains Network): 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−0.0262%1h0.2139−0.215%$369K$493K5xas long as short
Injective ENA/USDC PERP−0.0223%1h0.2123−0.961%$522$57K5.5xas long as short
Kraken Futures PF_ENAUSD−0.0222%1h0.2139−0.226%$2.7M$6.1M50xas long as short
Orderly PERP_ENA_USDC−0.0138%4h0.2137−0.331%$42K$22K10xas long as short
Phemex ENAUSDT−0.0034%4h0.2137−0.326%$1.9M$9.4M50xas long as short
01 Exchange ENAUSD−0.0024%1h0.2146+0.107%$4K$43210xas long as short
Deribit ENA_USDC-PERPETUAL0.0000%1h0.2138−0.285%$95K$1.9M50xas long as short
gTrade (Gains Network) ENA/USDshortL +0.0003% / S −0.0003%1h0.2139−0.236%$99K150x
Phoenix ENA+0.0076%1h0.2132−0.550%$6K$392K10xas long as short
Bitget ENAUSDT+0.0080%4h0.2139−0.229%$48.8M$67.0M75xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Popdex ENAUSDTlong+0.0096%1h0.2144long leg$60K$563K50x
Paradex ENA-USD-PERP+0.0100%8h0.2140−0.165%$48K$22110xas long as short
Nado ENA-PERP+0.0100%1h0.2137−0.345%$656K$1.9M10xas long as short
Aster ENAUSDT+0.0100%4h0.2142−0.093%$1.6M$3.3M50xas long as short
Pacifica ENA+0.0100%1h0.2141−0.160%$410K$618K10xas long as short
Binance ENAUSDT+0.0100%4h0.2145+0.035%$132.6M$477.1M75xas long as short
Bybit ENAUSDT+0.0100%4h0.2144+0.005%$91.0M$198.5M50xas long as short
OKX ENA-USDT-SWAP+0.0100%4h0.2144+0.014%$20.5M$120.9M50xas long as short
Ondo Perps ENA-USD.P+0.0100%1h0.2129−0.700%$19K$470K5xas long as short
Arcus ENA-USD+0.0100%1h0.2142−0.093%$85K$216K10xas long as short
Gate ENA_USDT+0.0100%4h0.2141−0.135%$10.7M$23.7M50xas long as short
MEXC ENA_USDT+0.0100%4h0.2140−0.182%$45.8M$53.9M200xas long as short
KuCoin ENAUSDTM+0.0100%4h0.2141−0.121%$23.8M$16.9M75xas long as short
BingX ENA-USDC+0.0100%4h0.2140−0.182%$6.5Mas long as short
Variational Omni ENA+0.0100%4h0.2132−0.563%$3.7M$9.8Mas long as short
edgeX ENAUSDC+0.0100%4h0.2132−0.572%$255K$8.1M20xas long as short
GRVT ENA_USDT_Perp+0.0100%4h0.2133−0.502%$359K$4.5M10xas long as short
ApeX Omni ENAUSDT+0.0100%1h0.2134−0.466%$32K$719K50xas long as short
Polymarket Perps ENA-USD+0.0100%1h0.2137−0.317%$194K$3.2M10xas long as short
SunX ENA-USDT+0.0100%4h0.2085−2.752%$1K$787K20xas long as short
SoDEX ENA-USD+0.0100%1h0.2138−0.280%$4K$14K10xas long as short
HTX ENA-USDT+0.0100%4h0.2139−0.247%$276K$1.7M50xas long as short
Bulk ENA-USD+0.0100%1h0.2127−0.793%$89K$1K10xas long as short
Extended ENA-USD+0.0104%1h0.2140−0.187%$1.7M$4.2M50xas long as short
Aevo ENA-PERP+0.0104%1h0.2137−0.303%$79K$11K3xas long as short
GMX ENA/USD [ETH-USDC]L +0.0176% / S −0.0248%1h0.2138−0.285%$39K100xas long as short
Hyperliquid ENA+0.0228%1h0.2142−0.070%$114.7M$79.7M10xas long as short
BloFin ENA-USDT+0.0340%4h0.2134−0.452%$5.7M$8.4M75xas long as short
Reya ENARUSDPERP+0.0412%1h0.2136−0.389%$1K$5K15xas long as short
Lighter ENA+0.0416%1h0.2143−0.061%$5.9M$13.9M10xas long as short
Coinbase International ENA-PERP-INTX+0.0536%1h0.2140−0.196%$818K$2.4M50xas long as short
dYdX ENA-USD+0.5764%1h0.2141−0.142%$141K$12K5xas long as short