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+0.0228%/8h= +25.0% APRpaid last 24h +0.002%
Price spread now: Extended against edgeX+0.018%7-day average −0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$340.343% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.033%+$3 on $10k
Price spread, last 7 days+0.026%+$3 · spread now +0.018%, 7d avg −0.012%
Together, before fees+0.059%+ Points / potential airdropedgeX: Active · Extended: Active · farm board+$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Extended is 0.030% dearer against edgeX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.012%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.033% in total (about 1.7% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX ENAUSDC0.20930.0100pay 0.0050% / 4h1h 15m$249K$7.8M20x
ShortExtended ENA-USD0.20930.0328get 0.0041% / 1h15m 40s$1.6M$4.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against edgeX. 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
$47.88
Price spread: +0.018% → −0.012%
$2.99
Slippage, 4 orders
−$20.25
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Extended: 2.5 bp × 2 orders
−$5
Net
$16.61
Costs to cover
0.343%
Break-even
4.6 days
Slippage from edgeX: 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 edgeX live order book, 3 min ago7.16 bp11.7 bp −$1213.2 bp −$13244.3 bp −$4,431doesn't fit
Sell Extended live order book, 3 min ago0.24 bp4.5 bp −$511.5 bp −$115doesn'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−0.0048%4h0.2093+0.017%$40K$24K10xas long as short
Backpack ENA_USDC_PERP−0.0043%1h0.2093+0.012%$369K$450K5xas long as short
Deribit ENA_USDC-PERPETUAL0.0000%1h0.2094+0.060%$92K$1.8M50xas long as short
gTrade (Gains Network) ENA/USDL +0.0003% / S −0.0003%1h0.2094+0.055%$101K150xas long as short
Injective ENA/USDC PERP+0.0033%1h0.2123+1.470%$522$57K5.5xas long as short
Kraken Futures PF_ENAUSD+0.0066%1h0.2094+0.076%$2.6M$5.5M50xas long as short
Popdex ENAUSDT+0.0096%1h0.2094+0.065%$61K$531K50xas long as short
Paradex ENA-USD-PERP+0.0100%8h0.2093+0.025%$47K$22110xas long as short
Nado ENA-PERP+0.0100%1h0.2092−0.033%$658K$1.8M10xas long as short
Aster ENAUSDT+0.0100%4h0.2094+0.051%$1.5M$3.3M50xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica ENA+0.0100%1h0.2094+0.042%$405K$576K10xas long as short
Binance ENAUSDT+0.0100%4h0.2094+0.069%$129.2M$455.0M75xas long as short
Bybit ENAUSDT+0.0100%4h0.2093+0.036%$87.0M$190.6M50xas long as short
OKX ENA-USDT-SWAP+0.0100%4h0.2094+0.041%$20.2M$111.0M50xas long as short
Ondo Perps ENA-USD.P+0.0100%1h0.2095+0.098%$15K$396K5xas long as short
Arcus ENA-USD+0.0100%1h0.2094+0.065%$82K$220K10xas long as short
Bulk ENA-USD+0.0100%1h0.2095+0.098%$88K$50010xas long as short
Gate ENA_USDT+0.0100%4h0.2093+0.012%$10.5M$21.3M50xas long as short
MEXC ENA_USDT+0.0100%4h0.2094+0.060%$46.5M$47.0M200xas long as short
KuCoin ENAUSDTM+0.0100%4h0.2094+0.069%$23.8M$16.4M75xas long as short
Bitget ENAUSDT+0.0100%4h0.2092−0.031%$47.3M$64.7M75xas long as short
BingX ENA-USDT+0.0100%4h0.2093+0.022%$32.8Mas long as short
Variational Omni ENA+0.0100%4h0.2094+0.064%$3.8M$10.3Mas long as short
edgeX ENAUSDClong+0.0100%4h0.2093long leg$249K$7.8M20x
GRVT ENA_USDT_Perp+0.0100%4h0.2093−0.004%$353K$4.6M10xas long as short
ApeX Omni ENAUSDT+0.0100%1h0.2095+0.112%$32K$710K50xas long as short
Polymarket Perps ENA-USD+0.0100%1h0.2094+0.074%$177K$2.7M10xas long as short
SunX ENA-USDT+0.0100%4h0.2042−2.420%$1K$815K20xas long as short
SoDEX ENA-USD+0.0100%1h0.2093+0.017%$4K$14K10xas long as short
HTX ENA-USDT+0.0100%4h0.2096+0.146%$272K$1.5M50xas long as short
Phemex ENAUSDT+0.0100%4h0.2092−0.031%$1.9M$9.2M50xas long as short
Aevo ENA-PERP+0.0104%1h0.2093+0.034%$77K$11K3xas long as short
Phoenix ENA+0.0115%1h0.2097+0.227%$5K$356K10xas long as short
01 Exchange ENAUSD+0.0136%1h0.2095+0.117%$4K$43210xas long as short
GMX ENA/USD [ETH-USDC]L +0.0241% / S −0.0413%1h0.2093+0.037%$38K100xas long as short
Extended ENA-USDshort+0.0328%1h0.2093+0.018%$1.6M$4.1M50x
BloFin ENA-USDT+0.0340%4h0.2093+0.017%$5.5M$8.0M75xas long as short
Reya ENARUSDPERP+0.0412%1h0.2093+0.028%$1K$5K15xas long as short
Lighter ENA+0.0512%1h0.2096+0.170%$5.6M$12.9M10xas long as short
Coinbase International ENA-PERP-INTX+0.0576%1h0.2098+0.251%$826K$2.1M50xas long as short
Hyperliquid ENA+0.0580%1h0.2096+0.151%$110.6M$78.9M10xas long as short
dYdX ENA-USD+0.1971%1h0.2093+0.004%$138K$15K5xas long as short