data as of
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Price arb /

ENA

all ENA markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$106
spread now−0.549%7d average+0.018%fees + slippage, in and out−$50spread needed0.496%
Long on HyperliquidShort on Phoenix
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid ENA0.20950.0100pay 0.0013% / 1h55m 31s$107.2M$87.3M10x
ShortPhoenix ENA0.20840.0038get 0.0005% / 1h55m 31s$5K$414K10x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$54.89
Funding while held
−$1.85
Slippage, 4 orders
−$33.56
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
−$106.3
Spread needed to break even
0.496%
Slippage from Hyperliquid: live order book, 10 min ago; Phoenix: live order book, 43 min ago.

Cost of waiting

funding view
Funding /8h
−0.0062%
Per $10,000 a day
−$1.85
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 10 min ago1.20 bp8.5 bp −$9doesn't fitdoesn't fitdoesn't fit
Sell Phoenix live order book, 43 min ago1.91 bp16.6 bp −$1751.8 bp −$518doesn't fitdoesn't fit

ENA price on every exchange

against the cheapest. Click to use as the short leg.
SunX0.2027cheapestNado0.2075+2.380%Phemex0.2076+2.417%Variational Omni0.2076+2.436%Orderly0.2077+2.442%GMX0.2077+2.465%SoDEX0.2077+2.467%Bulk0.2077+2.473%Coinbase International0.2077+2.486%gTrade (Gains Network)0.2077+2.491%Kraken Futures0.2078+2.496%Backpack0.2078+2.516%Deribit0.2078+2.516%Aevo0.2078+2.525%BloFin0.2080+2.610%ApeX Omni0.2080+2.615%edgeX0.2080+2.638%Ondo Perps0.2081+2.659%HTX0.2081+2.669%Aster0.2082+2.734%dYdX0.2083+2.747%Pacifica0.2083+2.776%
Phoenix0.2084+2.792%
Lighter0.2086+2.901%Paradex0.2088+2.995%Gate0.2088+3.004%KuCoin0.2090+3.088%Extended0.2091+3.157%Bybit0.2092+3.202%Popdex0.2092+3.207%BingX0.2092+3.212%MEXC0.2092+3.217%Bitget0.2092+3.217%OKX0.2092+3.222%Binance0.2092+3.223%Polymarket Perps0.2093+3.271%Arcus0.2094+3.305%01 Exchange0.2094+3.305%Reya0.2094+3.307%
Hyperliquid0.2095+3.360%
Injective0.2174+7.272%

ENA on 41 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
SunX ENA-USDT−3.250%+0.0100%4h$1K$777K20xas long as short
Nado ENA-PERP−0.947%+0.0100%1h$638K$2.0M10xas long as short
Phemex ENAUSDT−0.912%+0.0100%4h$1.7M$9.4M50xas long as short
Variational Omni ENA−0.893%+0.0100%4h$3.3M$9.9M—as long as short
Orderly PERP_ENA_USDC−0.888%−0.0179%4h$41K$26K10xas long as short
GMX ENA/USD [ETH-USDC]−0.866%L +0.0035% / S +0.0008%1h$18K—100xas long as short
SoDEX ENA-USD−0.864%+0.0100%1h$4K$16K10xas long as short
Bulk ENA-USD−0.858%+0.0100%1h$87K−$010xas long as short
Coinbase International ENA-PERP-INTX−0.845%+0.0544%1h$791K$2.3M50xas long as short
gTrade (Gains Network) ENA/USD−0.840%L +0.0003% / S −0.0003%1h$99K—150xas long as short
Show all 41 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Kraken Futures PF_ENAUSD−0.836%−0.0418%1h$2.6M$8.3M50xas long as short
Backpack ENA_USDC_PERP−0.816%−0.0415%1h$353K$503K5xas long as short
Deribit ENA_USDC-PERPETUAL−0.816%0.0000%1h$92K$2.4M50xas long as short
Aevo ENA-PERP−0.808%+0.0104%1h$76K$11K3xas long as short
BloFin ENA-USDT−0.726%+0.0340%4h$5.6M$8.6M75xas long as short
ApeX Omni ENAUSDT−0.721%+0.0100%1h$21K$707K50xas long as short
edgeX ENAUSDC−0.698%+0.0100%4h$252K$8.7M20xas long as short
Ondo Perps ENA-USD.P−0.678%+0.0100%1h$19K$491K5xas long as short
HTX ENA-USDT−0.668%+0.0100%4h$263K$1.9M50xas long as short
Aster ENAUSDT−0.606%+0.0100%4h$1.6M$3.1M50xas long as short
dYdX ENA-USD−0.593%+0.1118%1h$138K$12K5xas long as short
Pacifica ENA−0.565%+0.0100%1h$395K$673K10xas long as short
Phoenix ENAshort−0.549%+0.0038%1h$5K$414K10x
Lighter ENA−0.444%+0.0512%1h$5.8M$13.9M10xas long as short
Paradex ENA-USD-PERP−0.353%+0.0100%8h$47K$22110xas long as short
Gate ENA_USDT−0.344%+0.0058%4h$10.5M$24.5M50xas long as short
KuCoin ENAUSDTM−0.263%+0.0100%4h$22.2M$17.7M75xas long as short
Extended ENA-USD−0.196%+0.0104%1h$1.6M$4.0M50xas long as short
Bybit ENAUSDT−0.153%+0.0100%4h$88.6M$210.8M50xas long as short
Popdex ENAUSDT−0.148%+0.0096%1h$54K$596K50xas long as short
BingX ENA-USDT−0.143%+0.0100%4h—$33.2M—as long as short
MEXC ENA_USDT−0.138%+0.0100%4h$45.0M$57.0M200xas long as short
Bitget ENAUSDT−0.138%−0.0012%4h$47.3M$70.9M75xas long as short
OKX ENA-USDT-SWAP−0.134%+0.0100%4h$20.1M$130.6M50xas long as short
Binance ENAUSDT−0.132%+0.0100%4h$128.6M$507.8M75xas long as short
Polymarket Perps ENA-USD−0.086%+0.0100%1h$231K$3.5M10xas long as short
Arcus ENA-USD−0.053%+0.0100%1h$83K$304K10xas long as short
01 Exchange ENAUSD−0.053%+0.0184%1h$4K$57110xas long as short
Reya ENARUSDPERP−0.050%+0.0412%1h$1K$5K15xas long as short
Hyperliquid ENAlong0.000%+0.0100%1h$107.2M$87.3M10x
Injective ENA/USDC PERP+3.785%+0.0033%1h$535$1625.5xas long as short