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

ENA

all ENA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0379%/8h= +41.4% APRnext payment +$0.47 per $10,000 · paid last 24h +0.119%
Price spread now: Reya against Injective+1.042%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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropReya: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Reya is 1.042% dearer against Injective than usual: you sell high and buy low: +$104 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective ENA/USDC PERP0.21230.0033pay 0.0004% / 1h27m 12s$522$57K5.5x
ShortReya ENARUSDPERP0.21460.0412get 0.0051% / 1h27m 12s$1K$5K15x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Reya 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
$79.49
Price spread: +1.042% → 0.000%
$104.17
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Reya: 3 bp × 2 orders
−$6
Net
$177.63
Costs to cover
0.060%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; Reya: 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 Injective no order-book sample
Sell Reya no order-book sample
Injective and Reya: 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
Deribit ENA_USDC-PERPETUAL0.0000%1h0.2144+0.984%$80K$1.7M50xas long as short
gTrade (Gains Network) ENA/USDL +0.0003% / S −0.0003%1h0.2145+1.017%$98K150xas long as short
dYdX ENA-USD+0.0024%1h0.2139+0.754%$141K$15K5xas long as short
Orderly PERP_ENA_USDC+0.0033%4h0.2144+0.980%$41K$23K10xas long as short
Injective ENA/USDC PERPlong+0.0033%1h0.2123long leg$522$57K5.5x
Backpack ENA_USDC_PERP+0.0058%1h0.2140+0.782%$380K$416K5xas long as short
Popdex ENAUSDT+0.0096%1h0.2145+1.017%$63K$520K50xas long as short
Nado ENA-PERP+0.0100%1h0.2146+1.048%$712K$1.8M10xas long as short
Aster ENAUSDT+0.0100%4h0.2145+0.999%$1.6M$3.3M50xas long as short
Pacifica ENA+0.0100%1h0.2141+0.842%$421K$549K10xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ENAUSDT+0.0100%4h0.2145+1.040%$133.2M$444.1M75xas long as short
Bybit ENAUSDT+0.0100%4h0.2145+1.013%$88.6M$187.6M50xas long as short
OKX ENA-USDT-SWAP+0.0100%4h0.2144+0.956%$21.0M$110.4M50xas long as short
Ondo Perps ENA-USD.P+0.0100%1h0.2141+0.810%$15K$409K5xas long as short
Arcus ENA-USD+0.0100%1h0.2145+1.017%$106K$242K10xas long as short
Bulk ENA-USD+0.0100%1h0.2143+0.923%$90K−$010xas long as short
Gate ENA_USDT+0.0100%4h0.2145+1.036%$10.9M$21.0M50xas long as short
MEXC ENA_USDT+0.0100%4h0.2146+1.074%$46.1M$44.5M200xas long as short
KuCoin ENAUSDTM+0.0100%4h0.2147+1.126%$24.7M$16.5M75xas long as short
Bitget ENAUSDT+0.0100%4h0.2144+0.989%$48.6M$61.6M75xas long as short
BingX ENA-USDC+0.0100%4h0.2145+1.013%$6.5Mas long as short
Variational Omni ENA+0.0100%4h0.2123−0.004%$3.8M$10.1Mas long as short
edgeX ENAUSDC+0.0100%4h0.2136+0.581%$250K$7.5M20xas long as short
GRVT ENA_USDT_Perp+0.0100%4h0.2124+0.012%$357K$4.7M10xas long as short
ApeX Omni ENAUSDT+0.0100%1h0.2140+0.782%$33K$688K50xas long as short
Polymarket Perps ENA-USD+0.0100%1h0.2146+1.078%$180K$2.4M10xas long as short
SunX ENA-USDT+0.0100%4h0.2095−1.323%$1K$829K20xas long as short
SoDEX ENA-USD+0.0100%1h0.2146+1.064%$4K$10K10xas long as short
HTX ENA-USDT+0.0100%4h0.2152+1.352%$279K$1.2M50xas long as short
Phemex ENAUSDT+0.0100%4h0.2145+1.017%$2.0M$9.4M50xas long as short
Paradex ENA-USD-PERP+0.0100%8h0.2140+0.788%$48K$22110xas long as short
Aevo ENA-PERP+0.0104%1h0.2144+0.981%$75K$4K3xas long as short
Phoenix ENA+0.0150%1h0.2144+0.947%$7K$347K10xas long as short
01 Exchange ENAUSD+0.0216%1h0.2147+1.088%$4K$30210xas long as short
Kraken Futures PF_ENAUSD+0.0233%1h0.2147+1.115%$2.7M$5.1M50xas long as short
Extended ENA-USD+0.0272%1h0.2145+1.017%$1.6M$4.3M50xas long as short
GMX ENA/USD [ETH-USDC]L +0.0332% / S −0.0430%1h0.2144+0.986%$81K100xas long as short
BloFin ENA-USDT+0.0340%4h0.2146+1.078%$5.6M$2.0M75xas long as short
Reya ENARUSDPERPshort+0.0412%1h0.2146+1.042%$1K$5K15x
Coinbase International ENA-PERP-INTX+0.0608%1h0.2143+0.942%$848K$1.8M50xas long as short
Lighter ENA+0.0736%1h0.2149+1.196%$5.7M$12.6M10xas long as short
Hyperliquid ENA+0.0745%1h0.2149+1.210%$115.9M$75.4M10xas long as short