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

ENA

all ENA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 21:00 UTC+0.0436%/8h= +47.7% APRpaid last 24h +0.131%
Price spread now: Coinbase International against Variational Omni+0.197%7-day average +0.159% · you sell dearer than you buy
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)+0.346%+$35 on $10k
Price spread, last 3 days (all we have)+0.333%+$33 · spread now +0.197%, 7d avg +0.159%
Together, before fees+0.679%+ Points / potential airdropVariational Omni: Active · farm board+$68 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Coinbase International is 0.038% dearer against Variational Omni than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.159%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni ENA0.20850.0100pay 0.0050% / 4h2h 08m$3.8M$10.4M
ShortCoinbase International ENA-PERP-INTX0.20900.0536get 0.0067% / 1h8m 42s$800K$2.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Variational Omni. 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
$91.56
Price spread: +0.197% → +0.159%
$3.76
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$85.32
Costs to cover
0.100%
Break-even
0.5 days
Slippage unknown: Variational Omni: RFQ quote, just now; Coinbase International: live order book, 5 min ago. 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 Variational Omni RFQ quote, just now7.18 bpdoesn't fit16.8 bp −$16864.6 bp −$6,464doesn't fit
Sell Coinbase International live order book, 5 min ago8.12 bp15.8 bp −$1623.9 bp −$239doesn'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
Backpack ENA_USDC_PERP−0.0283%1h0.2091+0.269%$361K$483K5xas long as short
Orderly PERP_ENA_USDC−0.0081%4h0.2091+0.254%$41K$23K10xas long as short
01 Exchange ENAUSD0.0000%1h0.2091+0.259%$4K$43210xas long as short
Deribit ENA_USDC-PERPETUAL0.0000%1h0.2092+0.307%$93K$1.8M50xas long as short
gTrade (Gains Network) ENA/USDL +0.0003% / S −0.0003%1h0.2092+0.312%$96K150xas long as short
Injective ENA/USDC PERP+0.0033%1h0.2123+1.817%$522$57K5.5xas long as short
Phoenix ENA+0.0076%1h0.2094+0.432%$5K$394K10xas long as short
Gate ENA_USDT+0.0076%4h0.2090+0.201%$10.4M$21.8M50xas long as short
Popdex ENAUSDT+0.0096%1h0.2091+0.264%$59K$538K50xas long as short
Paradex ENA-USD-PERP+0.0100%8h0.2091+0.248%$47K$22110xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado ENA-PERP+0.0100%1h0.2092+0.297%$655K$1.8M10xas long as short
Aster ENAUSDT+0.0100%4h0.2091+0.254%$1.5M$3.3M50xas long as short
Pacifica ENA+0.0100%1h0.2091+0.240%$404K$592K10xas long as short
Binance ENAUSDT+0.0100%4h0.2089+0.168%$128.6M$465.4M75xas long as short
Bybit ENAUSDT+0.0100%4h0.2089+0.154%$87.0M$193.5M50xas long as short
OKX ENA-USDT-SWAP+0.0100%4h0.2090+0.221%$20.2M$113.3M50xas long as short
Ondo Perps ENA-USD.P+0.0100%1h0.2089+0.187%$19K$418K5xas long as short
Arcus ENA-USD+0.0100%1h0.2091+0.264%$82K$223K10xas long as short
Bulk ENA-USD+0.0100%1h0.2087+0.065%$88K$2K10xas long as short
MEXC ENA_USDT+0.0100%4h0.2090+0.197%$45.4M$49.4M200xas long as short
KuCoin ENAUSDTM+0.0100%4h0.2091+0.269%$23.9M$16.7M75xas long as short
Bitget ENAUSDT+0.0100%4h0.2088+0.125%$47.2M$66.0M75xas long as short
BingX ENA-USDC+0.0100%4h0.2089+0.192%$6.5Mas long as short
Variational Omni ENAlong+0.0100%4h0.2085long leg$3.8M$10.4M
edgeX ENAUSDC+0.0100%4h0.2087+0.062%$248K$7.9M20xas long as short
GRVT ENA_USDT_Perp+0.0100%4h0.2087+0.051%$349K$4.6M10xas long as short
ApeX Omni ENAUSDT+0.0100%1h0.2088+0.120%$32K$711K50xas long as short
Polymarket Perps ENA-USD+0.0100%1h0.2093+0.350%$182K$3.0M10xas long as short
SunX ENA-USDT+0.0100%4h0.2040−2.177%$906$811K20xas long as short
SoDEX ENA-USD+0.0100%1h0.2091+0.264%$4K$14K10xas long as short
HTX ENA-USDT+0.0100%4h0.2099+0.643%$272K$1.5M50xas long as short
Phemex ENAUSDT+0.0100%4h0.2090+0.216%$1.9M$9.3M50xas long as short
Aevo ENA-PERP+0.0104%1h0.2091+0.263%$77K$11K3xas long as short
Kraken Futures PF_ENAUSD+0.0104%1h0.2092+0.308%$2.6M$5.8M50xas long as short
Extended ENA-USD+0.0184%1h0.2089+0.165%$1.6M$4.2M50xas long as short
GMX ENA/USD [ETH-USDC]L +0.0215% / S −0.0164%1h0.2092+0.314%$50K100xas long as short
Lighter ENA+0.0296%1h0.2092+0.326%$5.6M$13.2M10xas long as short
BloFin ENA-USDT+0.0340%4h0.2091+0.240%$5.5M$8.1M75xas long as short
Hyperliquid ENA+0.0349%1h0.2092+0.302%$110.3M$80.1M10xas long as short
Reya ENARUSDPERP+0.0412%1h0.2092+0.296%$1K$5K15xas long as short
Coinbase International ENA-PERP-INTXshort+0.0536%1h0.2090+0.197%$800K$2.1M50x
dYdX ENA-USD+0.5294%1h0.2091+0.241%$138K$15K5xas long as short