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

ENA

all ENA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0184%/8h= +20.1% APRnext payment +$0.23 per $10,000 · paid last 24h +0.019%
Price spread now: Popdex against 01 Exchange+0.023%7-day average · 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 4 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 for this trade now. Funding pays +$6 a day on $10k at the current rate, and Popdex is 0.023% dearer against 01 Exchange than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange ENAUSD0.2137−0.0088get 0.0011% / 1h40m 37s$4K$27710x
ShortPopdex ENAUSDT0.21380.0096get 0.0012% / 1h40m 37s$52K$493K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Popdex against 01 Exchange. 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
$38.64
Price spread: +0.023% → 0.000%
$2.34
Slippage, 4 orders
no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Net
$27.58
Costs to cover
0.134%
Break-even
2.0 days
Slippage unknown: 01 Exchange: no order-book sample; Popdex: live order book, 58 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 01 Exchange no order-book sample
Sell Popdex live order book, 58 min ago2.62 bp10.5 bp −$1091.4 bp −$914doesn't fitdoesn't fit
01 Exchange: 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
Orderly PERP_ENA_USDC−0.0091%4h0.2139+0.070%$44K$17K10xas long as short
01 Exchange ENAUSDlong−0.0088%1h0.2137long leg$4K$27710x
Deribit ENA_USDC-PERPETUAL−0.0030%1h0.2140+0.103%$76K$1.1M50xas long as short
gTrade (Gains Network) ENA/USDL +0.0004% / S −0.0004%1h0.2138+0.041%$83K150xas long as short
Injective ENA/USDC PERP+0.0033%1h0.2123−0.660%$522$57K5.5xas long as short
dYdX ENA-USD+0.0083%1h0.2140+0.132%$141K$16K5xas long as short
Lighter ENA+0.0096%1h0.2140+0.112%$4.9M$12.9M10xas long as short
Popdex ENAUSDTshort+0.0096%1h0.2138+0.023%$52K$493K50x
Paradex ENA-USD-PERP+0.0100%8h0.2139+0.068%$48K$11010xas long as short
Nado ENA-PERP+0.0100%1h0.2137−0.021%$565K$1.8M10xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid ENA+0.0100%1h0.2139+0.093%$116.5M$76.5M10xas long as short
Aster ENAUSDT+0.0100%4h0.2139+0.074%$1.4M$3.4M50xas long as short
Pacifica ENA+0.0100%1h0.2139+0.047%$413K$563K10xas long as short
Binance ENAUSDT+0.0100%4h0.2138+0.042%$130.7M$432.1M75xas long as short
Bybit ENAUSDT+0.0100%4h0.2138+0.023%$88.8M$194.3M50xas long as short
OKX ENA-USDT-SWAP+0.0100%4h0.2139+0.084%$21.1M$110.3M50xas long as short
Ondo Perps ENA-USD.P+0.0100%1h0.2148+0.477%$28K$320K5xas long as short
Arcus ENA-USD+0.0100%1h0.2139+0.070%$79K$282K10xas long as short
Bulk ENA-USD+0.0100%1h0.2157+0.933%$94K$51110xas long as short
Gate ENA_USDT+0.0100%4h0.2139+0.061%$13.3M$27.3M50xas long as short
MEXC ENA_USDT+0.0100%4h0.2139+0.051%$40.9M$43.1M200xas long as short
KuCoin ENAUSDTM+0.0100%4h0.2140+0.098%$25.2M$16.0M75xas long as short
Bitget ENAUSDT+0.0100%4h0.2137−0.023%$48.3M$61.3M75xas long as short
BingX ENA-USDT+0.0100%4h0.2139+0.065%$31.4Mas long as short
Variational Omni ENA+0.0100%4h0.2139+0.065%$3.1M$9.8Mas long as short
edgeX ENAUSDC+0.0100%4h0.2163+1.193%$257K$7.1M20xas long as short
GRVT ENA_USDT_Perp+0.0100%4h0.2152+0.661%$359K$4.8M10xas long as short
ApeX Omni ENAUSDT+0.0100%1h0.2161+1.099%$19K$646K50xas long as short
Polymarket Perps ENA-USD+0.0100%1h0.2139+0.075%$176K$2.7M10xas long as short
SunX ENA-USDT+0.0100%4h0.2091−2.189%$1K$928K20xas long as short
SoDEX ENA-USD+0.0100%1h0.2138+0.023%$4K$7K10xas long as short
HTX ENA-USDT+0.0100%4h0.2142+0.187%$264K$836K50xas long as short
Phemex ENAUSDT+0.0100%4h0.2139+0.070%$1.9M$8.9M50xas long as short
Extended ENA-USD+0.0104%1h0.2138+0.032%$1.7M$4.5M50xas long as short
Aevo ENA-PERP+0.0104%1h0.2140+0.094%$75K$4K3xas long as short
Phoenix ENA+0.0150%1h0.2146+0.402%$14K$267K10xas long as short
Kraken Futures PF_ENAUSD+0.0195%1h0.2139+0.078%$2.6M$4.4M50xas long as short
GMX ENA/USD [ETH-USDC]L +0.0309% / S −0.0754%1h0.2157+0.891%$59K100xas long as short
BloFin ENA-USDT+0.0340%4h0.2136−0.056%$5.6M$3.5M75xas long as short
Backpack ENA_USDC_PERP+0.0400%1h0.2140+0.131%$416K$481K5xas long as short
Reya ENARUSDPERP+0.0412%1h0.2140+0.117%$1K15xas long as short
Coinbase International ENA-PERP-INTX+0.0544%1h0.2157+0.889%$801K$2.0M50xas long as short