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

ENA

all ENA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0583%/8h= +63.8% APRnext payment +$0.73 per $10,000 · paid last 24h +0.167%
Price spread now: Coinbase International against Injective+3.085%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+0.329%+$33 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Coinbase International is 3.085% dearer against Injective than usual: you sell high and buy low: +$308 more if the spread goes back to zero (this spread has no 7-day history yet).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.329% in total (about 17.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.73 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
LongInjective ENA/USDC PERP0.21230.0033pay 0.0004% / 1h56m 34s$522$57K5.5x
ShortCoinbase International ENA-PERP-INTX0.21890.0616get 0.0077% / 1h56m 34s$900K$1.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Injective. 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
$122.36
Price spread: +3.085% → 0.000%
$308.47
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$420.81
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; Coinbase International: live order book, 2 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 Injective no order-book sample
Sell Coinbase International live order book, 2 min ago12.35 bp30.0 bp −$3035.5 bp −$355doesn't fitdoesn't fit
Injective: 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
Orderly PERP_ENA_USDC−0.0142%4h0.2175+2.449%$45K$26K10xas long as short
Deribit ENA_USDC-PERPETUAL−0.0118%1h0.2176+2.472%$68K$1.1M50xas long as short
dYdX ENA-USD0.0000%1h0.2174+2.362%$144K$16K5xas long as short
gTrade (Gains Network) ENA/USDL +0.0004% / S −0.0004%1h0.2177+2.540%$84K150xas long as short
01 Exchange ENAUSD+0.0024%1h0.2173+2.326%$4K$27710xas long as short
Injective ENA/USDC PERPlong+0.0033%1h0.2123long leg$522$57K5.5x
Popdex ENAUSDT+0.0096%1h0.2172+2.289%$57K$484K50xas long as short
Nado ENA-PERP+0.0100%1h0.2172+2.282%$575K$1.8M10xas long as short
Hyperliquid ENA+0.0100%1h0.2172+2.293%$117.8M$76.1M10xas long as short
Aster ENAUSDT+0.0100%4h0.2174+2.382%$1.5M$3.3M50xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica ENA+0.0100%1h0.2173+2.346%$408K$532K10xas long as short
Binance ENAUSDT+0.0100%4h0.2171+2.260%$131.4M$427.8M75xas long as short
Bybit ENAUSDT+0.0100%4h0.2170+2.185%$87.0M$180.3M50xas long as short
OKX ENA-USDT-SWAP+0.0100%4h0.2171+2.256%$21.8M$110.0M50xas long as short
Ondo Perps ENA-USD.P+0.0100%1h0.2183+2.816%$21K$326K5xas long as short
Arcus ENA-USD+0.0100%1h0.2173+2.336%$80K$281K10xas long as short
Bulk ENA-USD+0.0100%1h0.2172+2.286%$95K$51110xas long as short
Gate ENA_USDT+0.0100%4h0.2173+2.322%$12.4M$25.6M50xas long as short
MEXC ENA_USDT+0.0100%4h0.2171+2.232%$48.5M$41.7M200xas long as short
KuCoin ENAUSDTM+0.0100%4h0.2173+2.317%$25.3M$15.8M75xas long as short
Bitget ENAUSDT+0.0100%4h0.2169+2.143%$49.3M$59.4M75xas long as short
BingX ENA-USDC+0.0100%4h0.2173+2.350%$6.5Mas long as short
Variational Omni ENA+0.0100%4h0.2168+2.122%$3.1M$10.1Mas long as short
edgeX ENAUSDC+0.0100%4h0.2172+2.268%$256K$7.0M20xas long as short
GRVT ENA_USDT_Perp+0.0100%4h0.2170+2.180%$363K$5.0M10xas long as short
ApeX Omni ENAUSDT+0.0100%1h0.2170+2.195%$20K$651K50xas long as short
Polymarket Perps ENA-USD+0.0100%1h0.2172+2.298%$208K$2.6M10xas long as short
SunX ENA-USDT+0.0100%4h0.2121−0.094%$1K$894K20xas long as short
SoDEX ENA-USD+0.0100%1h0.2174+2.383%$4K$7K10xas long as short
HTX ENA-USDT+0.0100%4h0.2182+2.746%$273K$806K50xas long as short
Phemex ENAUSDT+0.0100%4h0.2173+2.336%$1.8M$8.9M50xas long as short
Paradex ENA-USD-PERP+0.0100%8h0.2173+2.320%$49K$11010xas long as short
Extended ENA-USD+0.0104%1h0.2172+2.312%$1.6M$4.2M50xas long as short
Aevo ENA-PERP+0.0104%1h0.2176+2.476%$76K$4K3xas long as short
Phoenix ENA+0.0153%1h0.2175+2.439%$8K$259K10xas long as short
Lighter ENA+0.0160%1h0.2175+2.444%$5.2M$13.2M10xas long as short
GMX ENA/USD [ETH-USDC]L +0.0310% / S −0.0753%1h0.2177+2.530%$60K100xas long as short
BloFin ENA-USDT+0.0340%4h0.2176+2.477%$5.7M$3.3M75xas long as short
Reya ENARUSDPERP+0.0412%1h0.2171+2.230%$1K$5K15xas long as short
Kraken Futures PF_ENAUSD+0.0434%1h0.2174+2.387%$2.7M$4.3M50xas long as short
Coinbase International ENA-PERP-INTXshort+0.0616%1h0.2189+3.085%$900K$1.8M50x
Backpack ENA_USDC_PERP+0.0834%1h0.2174+2.402%$398K$424K5xas long as short