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

ENA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0224%/8h= −24.5% APRnext payment $0.28 per $10,000 · paid last 24h −0.001%
Price spread now: Aevo against Extended+0.070%7-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−0.032%−$3 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
The price spread pays, funding is against you. Aevo is 0.070% dearer against Extended than usual: you sell high and buy low (spread +0.070% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 25 hours. At the pace of the last 7 days (−0.032% in total) that is about 15 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.032% in total (about -1.7% a year). A funding rate is set anew for every payment; at this rate the next one is about $0.28 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ENA-USD0.20940.0328pay 0.0041% / 1h18m 27s$1.6M$4.1M50x
ShortAevo ENA-PERP0.20950.0104get 0.0013% / 1h18m 27s$77K$11K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Extended. 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
−$47.04
Price spread: +0.070% → 0.000%
$6.97
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$61.07
Costs to cover
0.210%
Break-even
never at this rate
Slippage unknown: Extended: 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 Extended live order book, 5 min ago0.24 bp5.4 bp −$515.6 bp −$156doesn'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−0.0052%1h0.2095+0.094%$370K$451K5xas long as short
Orderly PERP_ENA_USDC−0.0051%4h0.2094+0.036%$40K$24K10xas long as short
Deribit ENA_USDC-PERPETUAL0.0000%1h0.2095+0.074%$92K$1.8M50xas long as short
gTrade (Gains Network) ENA/USDL +0.0003% / S −0.0003%1h0.2094+0.004%$101K150xas long as short
Injective ENA/USDC PERP+0.0033%1h0.2123+1.426%$522$57K5.5xas long as short
Kraken Futures PF_ENAUSD+0.0066%1h0.2096+0.114%$2.6M$5.5M50xas long as short
Popdex ENAUSDT+0.0096%1h0.2093−0.026%$61K$531K50xas long as short
Paradex ENA-USD-PERP+0.0100%8h0.2094+0.030%$47K$22110xas long as short
Aster ENAUSDT+0.0100%4h0.2095+0.061%$1.5M$3.3M50xas long as short
Pacifica ENA+0.0100%1h0.2095+0.073%$405K$576K10xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ENAUSDT+0.0100%4h0.2094+0.007%$129.1M$455.4M75xas long as short
Bybit ENAUSDT+0.0100%4h0.2092−0.059%$87.1M$190.8M50xas long as short
OKX ENA-USDT-SWAP+0.0100%4h0.2094+0.003%$20.2M$111.1M50xas long as short
Ondo Perps ENA-USD.P+0.0100%1h0.2095+0.055%$15K$396K5xas long as short
Arcus ENA-USD+0.0100%1h0.2095+0.070%$82K$220K10xas long as short
Bulk ENA-USD+0.0100%1h0.2095+0.055%$88K$50010xas long as short
Gate ENA_USDT+0.0100%4h0.2095+0.051%$10.5M$21.3M50xas long as short
MEXC ENA_USDT+0.0100%4h0.2094−0.002%$46.2M$47.0M200xas long as short
KuCoin ENAUSDTM+0.0100%4h0.2094+0.041%$23.8M$16.5M75xas long as short
Bitget ENAUSDT+0.0100%4h0.2092−0.078%$47.3M$64.8M75xas long as short
BingX ENA-USDC+0.0100%4h0.2093−0.012%$6.5Mas long as short
Variational Omni ENA+0.0100%4h0.2094+0.021%$3.8M$10.3Mas long as short
edgeX ENAUSDC+0.0100%4h0.2096+0.098%$249K$7.8M20xas long as short
GRVT ENA_USDT_Perp+0.0100%4h0.2095+0.093%$353K$4.6M10xas long as short
ApeX Omni ENAUSDT+0.0100%1h0.2095+0.070%$32K$710K50xas long as short
Nado ENA-PERP+0.0100%1h0.2094+0.005%$659K$1.8M10xas long as short
Polymarket Perps ENA-USD+0.0100%1h0.2094+0.012%$177K$2.7M10xas long as short
SunX ENA-USDT+0.0100%4h0.2044−2.347%$1K$816K20xas long as short
SoDEX ENA-USD+0.0100%1h0.2095+0.070%$4K$14K10xas long as short
HTX ENA-USDT+0.0100%4h0.2096+0.113%$272K$1.5M50xas long as short
Phemex ENAUSDT+0.0100%4h0.2093−0.026%$1.9M$9.2M50xas long as short
Aevo ENA-PERPshort+0.0104%1h0.2095+0.070%$77K$11K3x
Phoenix ENA+0.0115%1h0.2095+0.051%$5K$356K10xas long as short
01 Exchange ENAUSD+0.0128%1h0.2094−0.002%$4K$43210xas long as short
GMX ENA/USD [ETH-USDC]L +0.0239% / S −0.0409%1h0.2095+0.074%$38K100xas long as short
Extended ENA-USDlong+0.0328%1h0.2094long leg$1.6M$4.1M50x
BloFin ENA-USDT+0.0340%4h0.2096+0.113%$5.5M$8.0M75xas long as short
Reya ENARUSDPERP+0.0412%1h0.2093−0.029%$1K$5K15xas long as short
Lighter ENA+0.0496%1h0.2097+0.189%$5.6M$12.9M10xas long as short
Coinbase International ENA-PERP-INTX+0.0576%1h0.2098+0.208%$826K$2.1M50xas long as short
Hyperliquid ENA+0.0580%1h0.2097+0.143%$110.7M$78.9M10xas long as short
dYdX ENA-USD+0.1957%1h0.2095+0.056%$138K$15K5xas long as short