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

ENA

all ENA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.014%
Price spread now: Extended against Bybit−0.055%7-day average −0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$310.312% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.108%+$11 on $10k
Price spread, last 7 days+0.049%+$5 · spread now −0.055%, 7d avg −0.002%
Together, before fees+0.157%+ Points / potential airdropExtended: Active · farm board+$16 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.053% cheaper against Bybit than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.002%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ENAUSDT0.21630.0100pay 0.0050% / 4h1h 56m$86.7M$180.3M50x
ShortExtended ENA-USD0.21620.0104get 0.0013% / 1h56m 02s$1.6M$4.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Bybit. 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
$0.84
Price spread: −0.055% → −0.002%
−$5.28
Slippage, 4 orders
−$15.22
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$35.66
Costs to cover
0.312%
Break-even
304.2 days
Slippage from Bybit: live order book, 3 min ago; Extended: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 3 min ago0.23 bp12.7 bp −$1321.0 bp −$21059.5 bp −$5,947doesn't fit
Sell Extended live order book, 3 min ago0.23 bp5.6 bp −$610.2 bp −$102doesn'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
Orderly PERP_ENA_USDC−0.0142%4h0.2170+0.310%$45K$26K10xas long as short
dYdX ENA-USD0.0000%1h0.2174+0.484%$144K$16K5xas long as short
Deribit ENA_USDC-PERPETUAL0.0000%1h0.2170+0.324%$67K$1.1M50xas long as short
gTrade (Gains Network) ENA/USDL +0.0004% / S −0.0004%1h0.2171+0.364%$84K150xas long as short
01 Exchange ENAUSD+0.0024%1h0.2173+0.448%$4K$27710xas long as short
Injective ENA/USDC PERP+0.0033%1h0.2123−1.835%$522$57K5.5xas long as short
Popdex ENAUSDT+0.0096%1h0.2172+0.411%$57K$484K50xas long as short
Nado ENA-PERP+0.0100%1h0.2172+0.405%$575K$1.8M10xas long as short
Hyperliquid ENA+0.0100%1h0.2166+0.134%$117.5M$76.1M10xas long as short
Aster ENAUSDT+0.0100%4h0.2165+0.093%$1.5M$3.3M50xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica ENA+0.0100%1h0.2173+0.468%$408K$532K10xas long as short
Binance ENAUSDT+0.0100%4h0.2164+0.028%$131.0M$428.1M75xas long as short
Bybit ENAUSDTlong+0.0100%4h0.2163long leg$86.7M$180.3M50x
OKX ENA-USDT-SWAP+0.0100%4h0.2163+0.009%$21.7M$109.7M50xas long as short
Ondo Perps ENA-USD.P+0.0100%1h0.2183+0.929%$21K$326K5xas long as short
Arcus ENA-USD+0.0100%1h0.2173+0.458%$80K$281K10xas long as short
Bulk ENA-USD+0.0100%1h0.2172+0.408%$95K$51110xas long as short
Gate ENA_USDT+0.0100%4h0.2165+0.083%$12.4M$25.7M50xas long as short
MEXC ENA_USDT+0.0100%4h0.2163−0.018%$48.3M$41.8M200xas long as short
KuCoin ENAUSDTM+0.0100%4h0.2163+0.014%$25.1M$15.8M75xas long as short
Bitget ENAUSDT+0.0100%4h0.2160−0.125%$49.2M$59.7M75xas long as short
BingX ENA-USDC+0.0100%4h0.2167+0.157%$6.5Mas long as short
Variational Omni ENA+0.0100%4h0.2168+0.247%$3.1M$10.1Mas long as short
edgeX ENAUSDC+0.0100%4h0.2172+0.391%$256K$7.0M20xas long as short
GRVT ENA_USDT_Perp+0.0100%4h0.2170+0.304%$363K$5.0M10xas long as short
ApeX Omni ENAUSDT+0.0100%1h0.2170+0.319%$20K$651K50xas long as short
Polymarket Perps ENA-USD+0.0100%1h0.2172+0.421%$208K$2.6M10xas long as short
SunX ENA-USDT+0.0100%4h0.2117−2.117%$976$895K20xas long as short
SoDEX ENA-USD+0.0100%1h0.2164+0.042%$4K$7K10xas long as short
HTX ENA-USDT+0.0100%4h0.2176+0.587%$272K$806K50xas long as short
Phemex ENAUSDT+0.0100%4h0.2165+0.088%$1.8M$8.9M50xas long as short
Paradex ENA-USD-PERP+0.0100%8h0.2173+0.442%$49K$11010xas long as short
Extended ENA-USDshort+0.0104%1h0.2162−0.055%$1.6M$4.2M50x
Aevo ENA-PERP+0.0104%1h0.2170+0.328%$76K$4K3xas long as short
Phoenix ENA+0.0153%1h0.2175+0.559%$8K$259K10xas long as short
Lighter ENA+0.0160%1h0.2167+0.190%$5.2M$13.3M10xas long as short
GMX ENA/USD [ETH-USDC]L +0.0310% / S −0.0753%1h0.2171+0.368%$60K100xas long as short
BloFin ENA-USDT+0.0340%4h0.2176+0.596%$5.7M$3.3M75xas long as short
Reya ENARUSDPERP+0.0412%1h0.2171+0.353%$1K$5K15xas long as short
Kraken Futures PF_ENAUSD+0.0435%1h0.2166+0.122%$2.7M$4.3M50xas long as short
Coinbase International ENA-PERP-INTX+0.0616%1h0.2175+0.527%$894K$1.8M50xas long as short
Backpack ENA_USDC_PERP+0.0717%1h0.2166+0.139%$396K$424K5xas long as short