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

ENA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0504%/8h= −55.2% APRnext payment $0.63 per $10,000 · paid last 24h −0.134%
Price spread now: Aevo against Coinbase International−0.226%7-day average · you buy dearer than you sell
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−0.447%−$45 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Aevo is 0.226% cheaper against Coinbase International than usual: you would sell low and buy high (−$23 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International ENA-PERP-INTX0.21200.0608pay 0.0076% / 1h34m 05s$837K$1.8M50x
ShortAevo ENA-PERP0.21150.0104get 0.0013% / 1h34m 05s$74K$4K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Coinbase International. 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
−$105.84
Price spread: −0.226% → 0.000%
−$22.64
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$154.48
Costs to cover
0.260%
Break-even
never at this rate
Slippage unknown: Coinbase International: live order book, 5 min ago; Aevo: 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 Coinbase International live order book, 5 min ago9.43 bp23.4 bp −$2326.3 bp −$263doesn't fitdoesn't fit
Sell Aevo no order-book sample
Aevo: 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−0.0004%1h0.2115−0.203%$377K$415K5xas long as short
Deribit ENA_USDC-PERPETUAL0.0000%1h0.2115−0.231%$81K$1.7M50xas long as short
gTrade (Gains Network) ENA/USDL +0.0003% / S −0.0003%1h0.2115−0.245%$96K150xas long as short
Orderly PERP_ENA_USDC+0.0027%4h0.2114−0.255%$41K$23K10xas long as short
dYdX ENA-USD+0.0031%1h0.2113−0.314%$140K$15K5xas long as short
Injective ENA/USDC PERP+0.0033%1h0.2123+0.170%$522$57K5.5xas long as short
Popdex ENAUSDT+0.0096%1h0.2114−0.274%$62K$520K50xas long as short
Nado ENA-PERP+0.0100%1h0.2113−0.333%$673K$1.7M10xas long as short
Aster ENAUSDT+0.0100%4h0.2116−0.184%$1.5M$3.3M50xas long as short
Pacifica ENA+0.0100%1h0.2113−0.303%$409K$552K10xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ENAUSDT+0.0100%4h0.2115−0.223%$131.2M$443.9M75xas long as short
Bybit ENAUSDT+0.0100%4h0.2114−0.264%$88.9M$185.6M50xas long as short
OKX ENA-USDT-SWAP+0.0100%4h0.2114−0.264%$20.7M$108.7M50xas long as short
Ondo Perps ENA-USD.P+0.0100%1h0.2116−0.198%$15K$399K5xas long as short
Arcus ENA-USD+0.0100%1h0.2115−0.226%$105K$242K10xas long as short
Bulk ENA-USD+0.0100%1h0.2117−0.156%$89K−$010xas long as short
Gate ENA_USDT+0.0100%4h0.2114−0.278%$10.8M$20.8M50xas long as short
MEXC ENA_USDT+0.0100%4h0.2115−0.222%$46.2M$44.3M200xas long as short
KuCoin ENAUSDTM+0.0100%4h0.2116−0.189%$24.3M$16.5M75xas long as short
Bitget ENAUSDT+0.0100%4h0.2114−0.288%$48.0M$61.5M75xas long as short
BingX ENA-USDC+0.0100%4h0.2114−0.250%$6.5Mas long as short
Variational Omni ENA+0.0100%4h0.2115−0.240%$3.8M$10.1Mas long as short
edgeX ENAUSDC+0.0100%4h0.2117−0.110%$247K$7.5M20xas long as short
GRVT ENA_USDT_Perp+0.0100%4h0.2117−0.132%$356K$4.7M10xas long as short
ApeX Omni ENAUSDT+0.0100%1h0.2118−0.085%$34K$686K50xas long as short
Polymarket Perps ENA-USD+0.0100%1h0.2115−0.245%$179K$2.4M10xas long as short
SunX ENA-USDT+0.0100%4h0.2065−2.576%$863$827K20xas long as short
SoDEX ENA-USD+0.0100%1h0.2115−0.226%$4K$10K10xas long as short
HTX ENA-USDT+0.0100%4h0.2121+0.042%$275K$1.3M50xas long as short
Phemex ENAUSDT+0.0100%4h0.2115−0.226%$1.9M$9.4M50xas long as short
Paradex ENA-USD-PERP+0.0100%8h0.2112−0.356%$47K$22110xas long as short
Aevo ENA-PERPshort+0.0104%1h0.2115−0.226%$74K$4K3x
Phoenix ENA+0.0150%1h0.2121+0.047%$7K$347K10xas long as short
01 Exchange ENAUSD+0.0224%1h0.2116−0.193%$4K$30210xas long as short
Kraken Futures PF_ENAUSD+0.0236%1h0.2116−0.178%$2.7M$5.1M50xas long as short
GMX ENA/USD [ETH-USDC]L +0.0250% / S −0.0434%1h0.2114−0.256%$38K100xas long as short
Extended ENA-USD+0.0280%1h0.2114−0.280%$1.6M$4.3M50xas long as short
BloFin ENA-USDT+0.0340%4h0.2114−0.255%$5.6M$2.0M75xas long as short
Reya ENARUSDPERP+0.0412%1h0.2114−0.267%$1K$5K15xas long as short
Lighter ENA+0.0600%1h0.2117−0.118%$5.6M$12.6M10xas long as short
Coinbase International ENA-PERP-INTXlong+0.0608%1h0.2120long leg$837K$1.8M50x
Hyperliquid ENA+0.0705%1h0.2118−0.099%$114.2M$75.3M10xas long as short