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

ENA

all ENA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.015%
Price spread now: Injective against Bitget+1.754%71s7-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 7 days+0.174%+$17 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread pays, funding is against you. Injective is 1.754% dearer against Bitget than usual: you sell high and buy low (spread +1.754% now, against zero (this spread has no 7-day history yet)): +$175 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3 months. Mind the row above: over the last 7 days funding on this pair paid +0.174%, so the current rate has only just turned against you. The two prices were read 71 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ENAUSDT0.20870.0100pay 0.0050% / 4h1h 30m$47.2M$65.2M75x
ShortInjective ENA/USDC PERP0.21230.0033get 0.0004% / 1h30m 12s$522$57K5.5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective against Bitget. 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
−$14
Price spread: +1.754% → 0.000%
$175.39
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
$149.37
Costs to cover
0.120%
Break-even
from the start
Slippage unknown: Bitget: live order book, 4 min ago; Injective: 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 Bitget live order book, 4 min ago0.72 bp10.9 bp −$1118.5 bp −$18547.3 bp −$4,728doesn't fit
Sell Injective no order-book sample
Injective: 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−0.0089%1h0.2089+0.125%$360K$461K5xas long as short
Orderly PERP_ENA_USDC−0.0062%4h0.2088+0.038%$40K$24K10xas long as short
Deribit ENA_USDC-PERPETUAL0.0000%1h0.2088+0.067%$92K$1.8M50xas long as short
gTrade (Gains Network) ENA/USDL +0.0003% / S −0.0003%1h0.2089+0.089%$96K150xas long as short
Injective ENA/USDC PERPshort+0.0033%1h0.2123+1.754%$522$57K5.5x
Kraken Futures PF_ENAUSD+0.0066%1h0.2090+0.163%$2.6M$5.6M50xas long as short
Popdex ENAUSDT+0.0096%1h0.2088+0.058%$61K$537K50xas long as short
Paradex ENA-USD-PERP+0.0100%8h0.2088+0.039%$47K$22110xas long as short
Nado ENA-PERP+0.0100%1h0.2089+0.101%$657K$1.8M10xas long as short
Aster ENAUSDT+0.0100%4h0.2090+0.142%$1.5M$3.3M50xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica ENA+0.0100%1h0.2090+0.142%$404K$581K10xas long as short
Binance ENAUSDT+0.0100%4h0.2089+0.084%$128.7M$457.5M75xas long as short
Bybit ENAUSDT+0.0100%4h0.2088+0.038%$86.8M$191.2M50xas long as short
OKX ENA-USDT-SWAP+0.0100%4h0.2088+0.077%$20.1M$111.7M50xas long as short
Ondo Perps ENA-USD.P+0.0100%1h0.2091+0.196%$15K$405K5xas long as short
Arcus ENA-USD+0.0100%1h0.2090+0.153%$82K$222K10xas long as short
Bulk ENA-USD+0.0100%1h0.2088+0.081%$88K$50010xas long as short
Gate ENA_USDT+0.0100%4h0.2088+0.072%$10.4M$21.3M50xas long as short
MEXC ENA_USDT+0.0100%4h0.2088+0.062%$45.1M$46.8M200xas long as short
KuCoin ENAUSDTM+0.0100%4h0.2089+0.125%$23.8M$16.5M75xas long as short
Bitget ENAUSDTlong+0.0100%4h0.2087long leg$47.2M$65.2M75x
BingX ENA-USDT+0.0100%4h0.2088+0.077%$32.9Mas long as short
Variational Omni ENA+0.0100%4h0.2090+0.138%$3.8M$10.3Mas long as short
edgeX ENAUSDC+0.0100%4h0.2095+0.396%$249K$7.8M20xas long as short
GRVT ENA_USDT_Perp+0.0100%4h0.2093+0.289%$353K$4.6M10xas long as short
ApeX Omni ENAUSDT+0.0100%1h0.2095+0.393%$32K$712K50xas long as short
Polymarket Perps ENA-USD+0.0100%1h0.2089+0.096%$183K$2.7M10xas long as short
SunX ENA-USDT+0.0100%4h0.2038−2.329%$1K$815K20xas long as short
SoDEX ENA-USD+0.0100%1h0.2088+0.058%$4K$14K10xas long as short
HTX ENA-USDT+0.0100%4h0.2095+0.398%$272K$1.5M50xas long as short
Phemex ENAUSDT+0.0100%4h0.2088+0.058%$1.9M$9.2M50xas long as short
Aevo ENA-PERP+0.0104%1h0.2089+0.081%$77K$11K3xas long as short
01 Exchange ENAUSD+0.0112%1h0.2090+0.144%$4K$43210xas long as short
Phoenix ENA+0.0115%1h0.2096+0.450%$5K$356K10xas long as short
GMX ENA/USD [ETH-USDC]L +0.0232% / S −0.0392%1h0.2088+0.076%$38K100xas long as short
Extended ENA-USD+0.0288%1h0.2087+0.033%$1.6M$4.2M50xas long as short
BloFin ENA-USDT+0.0340%4h0.2089+0.125%$5.5M$8.0M75xas long as short
Reya ENARUSDPERP+0.0412%1h0.2088+0.035%$1K$5K15xas long as short
Lighter ENA+0.0512%1h0.2091+0.206%$5.6M$12.9M10xas long as short
Hyperliquid ENA+0.0568%1h0.2092+0.225%$110.5M$79.6M10xas long as short
Coinbase International ENA-PERP-INTX+0.0576%1h0.2092+0.249%$804K$2.1M50xas long as short
dYdX ENA-USD+0.1918%1h0.2089+0.098%$138K$15K5xas long as short