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Funding arb · Price arb /

ENA

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 23:00 UTC+0.0097%/8h= +10.6% APRpaid last 24h +0.029%
Price spread now: Variational Omni against gTrade (Gains Network)−0.186%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on gTrade (Gains Network)Short on Variational Omni
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Funding pays, the price is against you. Variational Omni is 0.186% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.186% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$19 on $10k: about 6.4 days of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) ENA/USD0.2086L +0.0003% / S −0.0003%pay 0.0000% / 1h59m 27s$96K—150x
ShortVariational Omni ENA0.20820.0100get 0.0050% / 4h1h 59m$3.8M$10.4M—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against gTrade (Gains Network). 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
$20.28
Price spread: −0.186% → 0.000%
−$18.57
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$8.29
Costs to cover
0.100%
Break-even
9.9 days
Slippage unknown: gTrade (Gains Network): no order-book sample; Variational Omni: RFQ quote, 5 min ago. 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 gTrade (Gains Network) no order-book sample—————
Sell Variational Omni RFQ quote, 5 min ago7.22 bpdoesn't fit16.9 bp −$16960.2 bp −$6,020doesn't fit
gTrade (Gains Network): 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−0.0281%1h0.2085−0.046%$360K$487K5xas long as short
Orderly PERP_ENA_USDC−0.0078%4h0.2086−0.002%$40K$24K10xas long as short
Deribit ENA_USDC-PERPETUAL0.0000%1h0.2085−0.041%$92K$1.8M50xas long as short
gTrade (Gains Network) ENA/USDlongL +0.0003% / S −0.0003%1h0.2086long leg$96K—150x
Injective ENA/USDC PERP+0.0033%1h0.2123+1.795%$522$57K5.5xas long as short
Phoenix ENA+0.0076%1h0.2084−0.074%$5K$352K10xas long as short
Popdex ENAUSDT+0.0096%1h0.2083−0.141%$59K$538K50xas long as short
Paradex ENA-USD-PERP+0.0100%8h0.2082−0.185%$47K$22110xas long as short
Nado ENA-PERP+0.0100%1h0.2083−0.161%$653K$1.8M10xas long as short
Aster ENAUSDT+0.0100%4h0.2085−0.060%$1.5M$3.3M50xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica ENA+0.0100%1h0.2083−0.123%$403K$587K10xas long as short
Binance ENAUSDT+0.0100%4h0.2086+0.010%$128.3M$465.0M75xas long as short
Bybit ENAUSDT+0.0100%4h0.2085−0.026%$86.7M$193.8M50xas long as short
OKX ENA-USDT-SWAP+0.0100%4h0.2086+0.002%$20.1M$113.0M50xas long as short
Ondo Perps ENA-USD.P+0.0100%1h0.2085−0.060%$20K$412K5xas long as short
Arcus ENA-USD+0.0100%1h0.2084−0.093%$81K$223K10xas long as short
Gate ENA_USDT+0.0100%4h0.2085−0.046%$10.4M$21.1M50xas long as short
MEXC ENA_USDT+0.0100%4h0.2086−0.007%$45.1M$46.6M200xas long as short
KuCoin ENAUSDTM+0.0100%4h0.2084−0.070%$23.8M$16.7M75xas long as short
Bitget ENAUSDT+0.0100%4h0.2084−0.117%$47.1M$65.7M75xas long as short
BingX ENA-USDT+0.0100%4h0.2086−0.017%—$33.0M—as long as short
Variational Omni ENAshort+0.0100%4h0.2082−0.186%$3.8M$10.4M—
edgeX ENAUSDC+0.0100%4h0.2083−0.146%$247K$7.9M20xas long as short
GRVT ENA_USDT_Perp+0.0100%4h0.2082−0.185%$352K$4.6M10xas long as short
ApeX Omni ENAUSDT+0.0100%1h0.2082−0.189%$31K$712K50xas long as short
Polymarket Perps ENA-USD+0.0100%1h0.2086+0.012%$189K$2.8M10xas long as short
SunX ENA-USDT+0.0100%4h0.2034−2.510%$1K$813K20xas long as short
SoDEX ENA-USD+0.0100%1h0.2084−0.093%$4K$14K10xas long as short
HTX ENA-USDT+0.0100%4h0.2085−0.041%$270K$1.5M50xas long as short
Phemex ENAUSDT+0.0100%4h0.2084−0.093%$1.9M$9.2M50xas long as short
Bulk ENA-USD+0.0100%1h0.2083−0.118%$88K$2K10xas long as short
Aevo ENA-PERP+0.0104%1h0.2085−0.046%$77K$11K3xas long as short
Kraken Futures PF_ENAUSD+0.0105%1h0.2084−0.078%$2.6M$5.8M50xas long as short
01 Exchange ENAUSD+0.0136%1h0.2085−0.041%$4K$43210xas long as short
Extended ENA-USD+0.0192%1h0.2082−0.174%$1.6M$4.2M50xas long as short
GMX ENA/USD [ETH-USDC]L +0.0216% / S −0.0165%1h0.2086+0.013%$50K—100xas long as short
Lighter ENA+0.0312%1h0.2086−0.002%$5.6M$12.9M10xas long as short
BloFin ENA-USDT+0.0340%4h0.2083−0.141%$5.5M$8.1M75xas long as short
Reya ENARUSDPERP+0.0412%1h0.2085−0.041%$1K$5K15xas long as short
Coinbase International ENA-PERP-INTX+0.0536%1h0.2086−0.017%$797K$2.1M50xas long as short
Hyperliquid ENA+0.0674%1h0.2088+0.079%$110.0M$80.2M10xas long as short
dYdX ENA-USD+0.4846%1h0.2084−0.098%$138K$15K5xas long as short