Funding you earn now, next payment 04:00 UTC+0.0405%/8h= +44.4% APRpaid last 24h +0.041%
Price spread now: Variational Omni against Backpack+0.325%7-day average −0.032% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.083%−$8 on $10k
+Price spread, last 4 days (all we have)+0.384%+$38 · spread now +0.325%, 7d avg −0.032%
=Together, before fees+0.301%+ Points / potential airdropVariational Omni: Active · farm board+$30 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Variational Omni is 0.356% dearer against Backpack than usual: you sell high and buy low: +$36 more if the spread goes back to its 7-day average of −0.032%. Mind the row above: over the last 3 days funding on this pair cost −0.083%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.083% in total (about -8.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack ENA_USDC_PERP | 0.2090 | −0.0305 | get 0.0038% / 1h | 49m 12s | $365K | $388K | 5x |
| Short | Variational Omni ENA | 0.2097 | 0.0100 | get 0.0050% / 4h | 49m 12s | $3.1M | $10.1M | — |
Backpack ENA_USDC_PERP
Variational Omni ENAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Backpack. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $85.13
- Price spread: +0.325% → −0.032%
- $35.62
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $110.75
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Backpack: live order book, 9 min ago; Variational Omni: RFQ quote, 5 min ago. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Backpack live order book, 9 min ago | 0.95 bp | 7.3 bp −$7 | 40.7 bp −$407 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 5 min ago | 7.12 bp | doesn't fit | 16.6 bp −$166 | doesn't fit | doesn't fit |
ENA on 42 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Backpack ENA_USDC_PERPlong | −0.0305% | 1h | 0.2090 | long leg | $365K | $388K | 5x | |
| 01 Exchange ENAUSD | −0.0096% | 1h | 0.2087 | −0.167% | $4K | $302 | 10x | as long as short |
| Orderly PERP_ENA_USDC | −0.0059% | 4h | 0.2087 | −0.148% | $43K | $25K | 10x | as long as short |
| Deribit ENA_USDC-PERPETUAL | 0.0000% | 1h | 0.2088 | −0.115% | $78K | $1.2M | 50x | as long as short |
| gTrade (Gains Network) ENA/USD | L +0.0004% / S −0.0004% | 1h | 0.2087 | −0.152% | $81K | — | 150x | as long as short |
| Injective ENA/USDC PERP | +0.0033% | 1h | 0.2123 | +1.598% | $522 | $57K | 5.5x | as long as short |
| Phoenix ENA | +0.0076% | 1h | 0.2094 | +0.191% | $8K | $266K | 10x | as long as short |
| Lighter ENA | +0.0096% | 1h | 0.2091 | +0.067% | $5.2M | $13.3M | 10x | as long as short |
| Popdex ENAUSDT | +0.0096% | 1h | 0.2091 | +0.048% | $55K | $501K | 50x | as long as short |
| Paradex ENA-USD-PERP | +0.0100% | 8h | 0.2088 | −0.119% | $47K | $110 | 10x | as long as short |
01 Exchange ENAUSD
Orderly PERP_ENA_USDC
Deribit ENA_USDC-PERPETUAL
gTrade (Gains Network) ENA/USD
Injective ENA/USDC PERP
Phoenix ENA
Lighter ENA
Popdex ENAUSDT
Paradex ENA-USD-PERPShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado ENA-PERP | +0.0100% | 1h | 0.2087 | −0.145% | $654K | $1.7M | 10x | as long as short |
| Hyperliquid ENA | +0.0100% | 1h | 0.2091 | +0.043% | $111.5M | $72.8M | 10x | as long as short |
| Aster ENAUSDT | +0.0100% | 4h | 0.2088 | −0.096% | $1.5M | $2.9M | 50x | as long as short |
| Pacifica ENA | +0.0100% | 1h | 0.2089 | −0.069% | $407K | $500K | 10x | as long as short |
| Binance ENAUSDT | +0.0100% | 4h | 0.2089 | −0.029% | $127.7M | $415.7M | 75x | as long as short |
| Bybit ENAUSDT | +0.0100% | 4h | 0.2089 | −0.024% | $84.9M | $175.9M | 50x | as long as short |
| OKX ENA-USDT-SWAP | +0.0100% | 4h | 0.2090 | 0.000% | $20.6M | $101.7M | 50x | as long as short |
| Ondo Perps ENA-USD.P | +0.0100% | 1h | 0.2087 | −0.144% | $19K | $321K | 5x | as long as short |
| Arcus ENA-USD | +0.0100% | 1h | 0.2088 | −0.096% | $77K | $275K | 10x | as long as short |
| Bulk ENA-USD | +0.0100% | 1h | 0.2107 | +0.813% | $92K | $4K | 10x | as long as short |
| Gate ENA_USDT | +0.0100% | 4h | 0.2090 | −0.019% | $11.0M | $21.6M | 50x | as long as short |
| MEXC ENA_USDT | +0.0100% | 4h | 0.2089 | −0.029% | $45.0M | $41.0M | 200x | as long as short |
| KuCoin ENAUSDTM | +0.0100% | 4h | 0.2089 | −0.053% | $24.4M | $15.6M | 75x | as long as short |
| Bitget ENAUSDT | +0.0100% | 4h | 0.2088 | −0.100% | $47.6M | $57.4M | 75x | as long as short |
| BingX ENA-USDT | +0.0100% | 4h | 0.2090 | −0.014% | — | $32.2M | — | as long as short |
| Variational Omni ENAshort | +0.0100% | 4h | 0.2097 | +0.325% | $3.1M | $10.1M | — | |
| edgeX ENAUSDC | +0.0100% | 4h | 0.2105 | +0.703% | $242K | $7.0M | 20x | as long as short |
| GRVT ENA_USDT_Perp | +0.0100% | 4h | 0.2104 | +0.690% | $353K | $4.9M | 10x | as long as short |
| ApeX Omni ENAUSDT | +0.0100% | 1h | 0.2099 | +0.431% | $20K | $648K | 50x | as long as short |
| Polymarket Perps ENA-USD | +0.0100% | 1h | 0.2088 | −0.110% | $177K | $2.3M | 10x | as long as short |
| SunX ENA-USDT | +0.0100% | 4h | 0.2039 | −2.426% | $1K | $841K | 20x | as long as short |
| SoDEX ENA-USD | +0.0100% | 1h | 0.2089 | −0.048% | $3K | $7K | 10x | as long as short |
| HTX ENA-USDT | +0.0100% | 4h | 0.2090 | −0.005% | $270K | $797K | 50x | as long as short |
| Phemex ENAUSDT | +0.0100% | 4h | 0.2089 | −0.048% | $1.8M | $8.8M | 50x | as long as short |
| Extended ENA-USD | +0.0104% | 1h | 0.2087 | −0.147% | $1.6M | $4.1M | 50x | as long as short |
| Aevo ENA-PERP | +0.0104% | 1h | 0.2087 | −0.129% | $73K | $4K | 3x | as long as short |
| dYdX ENA-USD | +0.0162% | 1h | 0.2088 | −0.089% | $138K | $15K | 5x | as long as short |
| Kraken Futures PF_ENAUSD | +0.0245% | 1h | 0.2090 | +0.005% | $2.6M | $4.2M | 50x | as long as short |
| GMX ENA/USD [ETH-USDC] | L +0.0252% / S −0.0213% | 1h | 0.2087 | −0.137% | $50K | — | 100x | as long as short |
| BloFin ENA-USDT | +0.0340% | 4h | 0.2088 | −0.115% | $5.6M | $3.0M | 75x | as long as short |
| Reya ENARUSDPERP | +0.0412% | 1h | 0.2087 | −0.146% | $1K | $5K | 15x | as long as short |
| Coinbase International ENA-PERP-INTX | +0.0632% | 1h | 0.2090 | +0.005% | $851K | $1.5M | 50x | as long as short |
Nado ENA-PERP
Hyperliquid ENA
Aster ENAUSDT
Pacifica ENA
Binance ENAUSDT
Bybit ENAUSDT
OKX ENA-USDT-SWAP
Ondo Perps ENA-USD.P
Arcus ENA-USD
Bulk ENA-USD
Gate ENA_USDT
MEXC ENA_USDT
KuCoin ENAUSDTM
Bitget ENAUSDT
BingX ENA-USDT
edgeX ENAUSDC
GRVT ENA_USDT_Perp
ApeX Omni ENAUSDT
Polymarket Perps ENA-USD
SunX ENA-USDT
SoDEX ENA-USD
HTX ENA-USDT
Phemex ENAUSDT
Extended ENA-USD
Aevo ENA-PERP
dYdX ENA-USD
Kraken Futures PF_ENAUSD
GMX ENA/USD [ETH-USDC]
BloFin ENA-USDT
Reya ENARUSDPERP
Coinbase International ENA-PERP-INTX