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−0.0017%/8h= −1.9% APRnext payment $0.02 per $10,000 · paid last 24h +0.006%
Price spread now: 01 Exchange against Injective−0.278%7-day average · you buy dearer than you sell
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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and 01 Exchange is 0.278% cheaper against Injective than usual: you would sell low and buy high (−$28 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective ENA/USDC PERP0.21230.0033pay 0.0004% / 1h30m 35s$522$57K5.5x
Short01 Exchange ENAUSD0.21170.0016get 0.0002% / 1h30m 35s$4K$27710x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
−$3.64
Price spread: −0.278% → 0.000%
−$27.79
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$38.45
Costs to cover
0.070%
Break-even
never at this rate
Slippage unknown: Injective: no order-book sample; 01 Exchange: 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 01 Exchange no order-book sample
Injective and 01 Exchange: 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−0.0144%4h0.2112−0.560%$44K$25K10xas long as short
Deribit ENA_USDC-PERPETUAL0.0000%1h0.2112−0.523%$73K$1.1M50xas long as short
gTrade (Gains Network) ENA/USDL +0.0004% / S −0.0004%1h0.2112−0.546%$82K150xas long as short
01 Exchange ENAUSDshort+0.0016%1h0.2117−0.278%$4K$27710x
Gate ENA_USDT+0.0022%4h0.2115−0.405%$11.1M$23.7M50xas long as short
Injective ENA/USDC PERPlong+0.0033%1h0.2123long leg$522$57K5.5x
Popdex ENAUSDT+0.0096%1h0.2116−0.348%$58K$467K50xas long as short
Paradex ENA-USD-PERP+0.0100%8h0.2115−0.397%$47K$11010xas long as short
Nado ENA-PERP+0.0100%1h0.2113−0.490%$655K$1.7M10xas long as short
Hyperliquid ENA+0.0100%1h0.2117−0.306%$115.0M$74.3M10xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster ENAUSDT+0.0100%4h0.2115−0.394%$1.4M$3.2M50xas long as short
Pacifica ENA+0.0100%1h0.2115−0.386%$397K$525K10xas long as short
Binance ENAUSDT+0.0100%4h0.2117−0.292%$128.3M$417.7M75xas long as short
Bybit ENAUSDT+0.0100%4h0.2114−0.419%$85.5M$175.2M50xas long as short
OKX ENA-USDT-SWAP+0.0100%4h0.2115−0.391%$21.2M$104.2M50xas long as short
Ondo Perps ENA-USD.P+0.0100%1h0.2118−0.268%$20K$323K5xas long as short
Arcus ENA-USD+0.0100%1h0.2116−0.348%$79K$276K10xas long as short
MEXC ENA_USDT+0.0100%4h0.2115−0.391%$46.8M$41.1M200xas long as short
KuCoin ENAUSDTM+0.0100%4h0.2116−0.348%$24.7M$15.6M75xas long as short
Bitget ENAUSDT+0.0100%4h0.2114−0.443%$48.0M$57.9M75xas long as short
BingX ENA-USDT+0.0100%4h0.2115−0.396%$31.2Mas long as short
Variational Omni ENA+0.0100%4h0.2111−0.583%$3.0M$10.0Mas long as short
edgeX ENAUSDC+0.0100%4h0.2113−0.483%$242K$6.9M20xas long as short
GRVT ENA_USDT_Perp+0.0100%4h0.2114−0.464%$351K$5.0M10xas long as short
ApeX Omni ENAUSDT+0.0100%1h0.2114−0.443%$20K$650K50xas long as short
Polymarket Perps ENA-USD+0.0100%1h0.2112−0.518%$188K$2.4M10xas long as short
SunX ENA-USDT+0.0100%4h0.2062−2.910%$1K$871K20xas long as short
SoDEX ENA-USD+0.0100%1h0.2112−0.537%$4K$7K10xas long as short
HTX ENA-USDT+0.0100%4h0.2123−0.038%$268K$797K50xas long as short
Phemex ENAUSDT+0.0100%4h0.2114−0.443%$1.8M$8.9M50xas long as short
Bulk ENA-USD+0.0100%1h0.2118−0.254%$93K−$010xas long as short
Extended ENA-USD+0.0104%1h0.2115−0.413%$1.6M$4.2M50xas long as short
Aevo ENA-PERP+0.0104%1h0.2112−0.552%$74K$4K3xas long as short
Phoenix ENA+0.0153%1h0.2115−0.386%$8K$278K10xas long as short
Kraken Futures PF_ENAUSD+0.0163%1h0.2113−0.487%$2.6M$4.3M50xas long as short
Lighter ENA+0.0208%1h0.2117−0.292%$5.2M$13.0M10xas long as short
dYdX ENA-USD+0.0301%1h0.2115−0.411%$140K$16K5xas long as short
GMX ENA/USD [ETH-USDC]L +0.0307% / S −0.0358%1h0.2111−0.575%$70K100xas long as short
BloFin ENA-USDT+0.0340%4h0.2110−0.608%$5.5M$3.0M75xas long as short
Reya ENARUSDPERP+0.0412%1h0.2112−0.548%$1K$5K15xas long as short
Backpack ENA_USDC_PERP+0.0590%1h0.2114−0.443%$358K$400K5xas long as short
Coinbase International ENA-PERP-INTX+0.0704%1h0.2131+0.348%$872K$1.7M50xas long as short