Funding arb · Price arb /

ENA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0307%/8h= −33.6% APRpaid last 24h −0.095%

Price spread now: Injective against BloFin+0.611%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.280%−$28 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Injective is 0.611% dearer against BloFin than usual: you sell high and buy low (spread +0.611% now, against zero (this spread has no 7-day history yet)): +$61 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 6.6 days. At the pace of the last 7 days (−0.280% in total) that is about 15 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ENA-USDT	0.2110	0.0340	pay 0.0170% / 4h	2h 29m	$5.5M	$3.0M	75x
Short	Injective ENA/USDC PERP	0.2123	0.0033	get 0.0004% / 1h	29m 53s	$522	$57K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against BloFin. 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

Position, each leg$Hold fordaysFee BloFinbpFee InjectivebpOrdersPrice spread, now +0.611%Rate

Funding earned: −$64.4
Price spread: +0.611% → 0.000%: $61.12
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$15.3
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: BloFin: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BloFin live order book, 4 min ago	0.47 bp	9.0 bp −$9	15.7 bp −$157	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ENA_USDC	−0.0144%	4h	0.2118	+0.365%	$44K	$25K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2119	+0.384%	$73K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2118	+0.378%	$82K	—	150x	as long as short
01 Exchange ENAUSD	+0.0016%	1h	0.2117	+0.332%	$4K	$277	10x	as long as short
Gate ENA_USDT	+0.0022%	4h	0.2118	+0.336%	$11.1M	$23.7M	50x	as long as short
Injective ENA/USDC PERPshort	+0.0033%	1h	0.2123	+0.611%	$522	$57K	5.5x
Popdex ENAUSDT	+0.0096%	1h	0.2116	+0.261%	$58K	$467K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2115	+0.211%	$47K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2118	+0.372%	$656K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2120	+0.464%	$115.1M	$74.3M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ENAUSDT	+0.0100%	4h	0.2119	+0.408%	$1.4M	$3.2M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2115	+0.223%	$397K	$525K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2119	+0.397%	$128.5M	$417.8M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2117	+0.322%	$85.6M	$175.2M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2118	+0.336%	$21.2M	$104.3M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2118	+0.341%	$20K	$323K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2116	+0.261%	$79K	$276K	10x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2119	+0.398%	$46.9M	$41.1M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2119	+0.422%	$24.7M	$15.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2117	+0.308%	$48.1M	$57.9M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2118	+0.351%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2111	+0.025%	$3.0M	$10.0M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2113	+0.125%	$242K	$6.9M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2114	+0.144%	$351K	$5.0M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2114	+0.166%	$20K	$650K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2119	+0.412%	$189K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2067	−2.066%	$1K	$871K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2118	+0.355%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2118	+0.365%	$267K	$795K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2118	+0.355%	$1.8M	$8.9M	50x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2118	+0.355%	$93K	−$0	10x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2118	+0.369%	$1.6M	$4.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2119	+0.380%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0153%	1h	0.2115	+0.223%	$8K	$278K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0162%	1h	0.2119	+0.426%	$2.6M	$4.3M	50x	as long as short
Lighter ENA	+0.0224%	1h	0.2121	+0.512%	$5.2M	$13.0M	10x	as long as short
dYdX ENA-USD	+0.0301%	1h	0.2115	+0.198%	$140K	$16K	5x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0307% / S −0.0358%	1h	0.2118	+0.361%	$70K	—	100x	as long as short
BloFin ENA-USDTlong	+0.0340%	4h	0.2110	long leg	$5.5M	$3.0M	75x
Reya ENARUSDPERP	+0.0412%	1h	0.2119	+0.392%	$1K	$5K	15x	as long as short
Backpack ENA_USDC_PERP	+0.0596%	1h	0.2120	+0.441%	$359K	$400K	5x	as long as short
Coinbase International ENA-PERP-INTX	+0.0704%	1h	0.2123	+0.597%	$869K	$1.7M	50x	as long as short