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−$53
spread now+0.026%7d average+0.014%fees + slippage, in and out−$54spread needed0.545%
Long on Kraken FuturesShort on Hyperliquid
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_ENAUSD0.2241−0.0408get 0.0051% / 1h37m 08s$2.7M$10.5M50x
ShortHyperliquid ENA0.22410.0752get 0.0094% / 1h37m 08s$117.2M$90.8M10x

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
$2.55
Funding while held
$34.79
Slippage, 4 orders
−$35.45
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$17.1
Spread needed to break even
0.545%
Slippage from Kraken Futures: live order book, 3 min ago; Hyperliquid: live order book, 8 min ago.

Cost of waiting

funding view
Funding /8h
+0.1160%
Per $10,000 a day
+$34.79
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 Kraken Futures live order book, 3 min ago12.01 bp21.0 bp −$2129.7 bp −$29788.8 bp −$8,885doesn't fit
Sell Hyperliquid live order book, 8 min ago0.88 bp5.7 bp −$6doesn't fitdoesn't fitdoesn't fit

ENA price on every exchange

against the cheapest. Click to use as the short leg.
Injective0.2174cheapestSunX0.2188+0.616%Bybit0.2237+2.879%Bulk0.2237+2.886%Paradex0.2237+2.892%OKX0.2238+2.907%MEXC0.2238+2.911%Ondo Perps0.2238+2.925%dYdX0.2238+2.938%Bitget0.2239+2.953%Binance0.2239+2.972%Pacifica0.2239+2.986%KuCoin0.2240+2.994%Gate0.2240+3.003%BloFin0.2240+3.012%Extended0.2240+3.016%SoDEX0.2240+3.017%Phemex0.2240+3.017%BingX0.2240+3.035%
Kraken Futures0.2241+3.060%
Arcus0.2241+3.063%Popdex0.2241+3.063%ApeX Omni0.2241+3.063%edgeX0.2241+3.076%Backpack0.2241+3.081%Orderly0.2241+3.081%
Hyperliquid0.2241+3.086%
Lighter0.2241+3.086%01 Exchange0.2242+3.118%Deribit0.2242+3.123%Aster0.2242+3.124%Aevo0.2242+3.125%Reya0.2242+3.131%Coinbase International0.2243+3.132%Nado0.2243+3.141%gTrade (Gains Network)0.2243+3.155%Polymarket Perps0.2244+3.182%GMX0.2244+3.215%Phoenix0.2245+3.242%HTX0.2247+3.330%Variational Omni0.2248+3.380%

ENA on 41 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective ENA/USDC PERP−2.969%+0.0033%1h$535$3K5.5xas long as short
SunX ENA-USDT−2.371%+0.0100%4h$1K$758K20xas long as short
Bybit ENAUSDT−0.175%+0.0100%4h$96.1M$222.3M50xas long as short
Bulk ENA-USD−0.169%+0.0100%1h$94K−$010xas long as short
Paradex ENA-USD-PERP−0.163%+0.0100%8h$50K$89610xas long as short
OKX ENA-USDT-SWAP−0.148%+0.0100%4h$22.7M$166.4M50xas long as short
MEXC ENA_USDT−0.144%+0.0100%4h$50.6M$64.3M200xas long as short
Ondo Perps ENA-USD.P−0.131%+0.0100%1h$21K$589K5xas long as short
dYdX ENA-USD−0.118%+0.0035%1h$138K$8935xas long as short
Bitget ENAUSDT−0.104%+0.0100%4h$52.2M$77.8M75xas long as short
Show all 41 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Binance ENAUSDT−0.085%+0.0100%4h$143.4M$542.6M75xas long as short
Pacifica ENA−0.071%+0.0100%1h$450K$756K10xas long as short
KuCoin ENAUSDTM−0.064%+0.0100%4h$23.7M$17.7M75xas long as short
Gate ENA_USDT−0.055%−0.0042%4h$11.2M$30.2M50xas long as short
BloFin ENA-USDT−0.046%+0.0340%4h$6.3M$14.1M75xas long as short
Extended ENA-USD−0.043%+0.0104%1h$1.6M$3.4M50xas long as short
SoDEX ENA-USD−0.041%+0.0100%1h$3K$27K10xas long as short
Phemex ENAUSDT−0.041%+0.0100%4h$1.8M$9.4M50xas long as short
BingX ENA-USDT−0.024%+0.0100%4h—$32.6M—as long as short
Kraken Futures PF_ENAUSDlong0.000%−0.0408%1h$2.7M$10.5M50x
Arcus ENA-USD+0.003%+0.0100%1h$107K$334K10xas long as short
Popdex ENAUSDT+0.003%+0.0096%1h$62K$591K50xas long as short
ApeX Omni ENAUSDT+0.003%+0.0100%1h$38K$691K50xas long as short
edgeX ENAUSDC+0.016%+0.0100%4h$277K$9.2M20xas long as short
Backpack ENA_USDC_PERP+0.021%+0.0155%1h$383K$755K5xas long as short
Orderly PERP_ENA_USDC+0.021%−0.0117%4h$46K$37K10xas long as short
Hyperliquid ENAshort+0.026%+0.0752%1h$117.2M$90.8M10x
Lighter ENA+0.026%+0.0128%1h$5.9M$16.1M10xas long as short
01 Exchange ENAUSD+0.057%+0.0064%1h$5K$3K10xas long as short
Deribit ENA_USDC-PERPETUAL+0.061%0.0000%1h$76K$2.3M50xas long as short
Aster ENAUSDT+0.063%+0.0245%4h$1.7M$2.8M50xas long as short
Aevo ENA-PERP+0.064%+0.0104%1h$82K$11K3xas long as short
Reya ENARUSDPERP+0.069%+0.0412%1h$1K$5K15xas long as short
Coinbase International ENA-PERP-INTX+0.070%+0.0656%1h$964K$3.7M50xas long as short
Nado ENA-PERP+0.079%+0.0100%1h$693K$1.9M10xas long as short
gTrade (Gains Network) ENA/USD+0.092%L +0.0003% / S −0.0003%1h$82K—150xas long as short
Polymarket Perps ENA-USD+0.119%+0.0100%1h$158K$4.3M10xas long as short
GMX ENA/USD [ETH-USDC]+0.151%L +0.0103% / S −0.0035%1h$19K—100xas long as short
Phoenix ENA+0.177%+0.0070%1h$20K$446K10xas long as short
HTX ENA-USDT+0.262%+0.0100%4h$249K$2.3M50xas long as short
Variational Omni ENA+0.311%+0.0100%4h$5.4M$8.8M—as long as short