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−$97
spread now−0.193%7d average−0.031%fees + slippage, in and out−$81spread needed0.807%
Long on Kraken FuturesShort on Phemex
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_ENAUSD0.2110−0.0412get 0.0051% / 1h0m 42s$2.6M$6.6M50x
ShortPhemex ENAUSDT0.2106−0.0023pay 0.0011% / 4h1h 00m$1.8M$9.5M50x

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
−$19.27
Funding while held
$11.67
Slippage, 4 orders
−$58.74
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$88.34
Spread needed to break even
0.807%
Slippage from Kraken Futures: live order book, 5 min ago; Phemex: live order book, 5 min ago.

Cost of waiting

funding view
Funding /8h
+0.0389%
Per $10,000 a day
+$11.67
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, 5 min ago8.73 bp15.6 bp −$1620.0 bp −$20084.1 bp −$8,414doesn't fit
Sell Phemex live order book, 5 min ago4.73 bp23.4 bp −$2381.5 bp −$815doesn't fitdoesn't fit

ENA price on every exchange

against the cheapest. Click to use as the short leg.
SunX0.2060cheapest
Phemex0.2106+2.223%
Bitget0.2107+2.291%Nado0.2108+2.313%SoDEX0.2108+2.320%Bybit0.2108+2.325%Paradex0.2108+2.341%Gate0.2109+2.349%Orderly0.2109+2.354%BingX0.2109+2.359%Extended0.2109+2.360%Arcus0.2109+2.369%MEXC0.2109+2.383%Pacifica0.2109+2.391%OKX0.2109+2.393%Aevo0.2110+2.398%Binance0.2110+2.399%KuCoin0.2110+2.403%Backpack0.2110+2.403%Deribit0.2110+2.408%Popdex0.2110+2.417%
Kraken Futures0.2110+2.420%
dYdX0.2110+2.428%Aster0.2110+2.434%Reya0.2111+2.446%BloFin0.2111+2.466%Polymarket Perps0.2111+2.475%01 Exchange0.2111+2.480%Lighter0.2112+2.490%Hyperliquid0.2112+2.509%gTrade (Gains Network)0.2112+2.519%GMX0.2112+2.539%Bulk0.2113+2.553%HTX0.2114+2.597%Ondo Perps0.2114+2.611%ApeX Omni0.2114+2.611%Coinbase International0.2116+2.704%Phoenix0.2118+2.825%edgeX0.2118+2.829%Variational Omni0.2120+2.918%Injective0.2123+3.068%

ENA on 41 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
SunX ENA-USDT−2.363%+0.0100%4h$1K$779K20xas long as short
Phemex ENAUSDTshort−0.193%−0.0023%4h$1.8M$9.5M50x
Bitget ENAUSDT−0.126%+0.0062%4h$48.0M$67.1M75xas long as short
Nado ENA-PERP−0.105%+0.0100%1h$646K$1.8M10xas long as short
SoDEX ENA-USD−0.098%+0.0100%1h$4K$15K10xas long as short
Bybit ENAUSDT−0.093%+0.0100%4h$88.8M$202.8M50xas long as short
Paradex ENA-USD-PERP−0.077%+0.0100%8h$47K$22110xas long as short
Gate ENA_USDT−0.070%+0.0100%4h$10.6M$24.9M50xas long as short
Orderly PERP_ENA_USDC−0.065%−0.0160%4h$42K$23K10xas long as short
BingX ENA-USDT−0.060%+0.0100%4h—$34.0M—as long as short
Show all 41 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Extended ENA-USD−0.059%+0.0104%1h$1.6M$4.1M50xas long as short
Arcus ENA-USD−0.051%+0.0100%1h$84K$262K10xas long as short
MEXC ENA_USDT−0.036%+0.0100%4h$45.1M$58.1M200xas long as short
Pacifica ENA−0.029%+0.0100%1h$400K$632K10xas long as short
OKX ENA-USDT-SWAP−0.027%+0.0100%4h$20.2M$122.7M50xas long as short
Aevo ENA-PERP−0.022%+0.0104%1h$78K$11K3xas long as short
Binance ENAUSDT−0.021%+0.0100%4h$130.3M$485.1M75xas long as short
KuCoin ENAUSDTM−0.017%+0.0100%4h$23.3M$17.3M75xas long as short
Backpack ENA_USDC_PERP−0.017%+0.0100%1h$364K$502K5xas long as short
Deribit ENA_USDC-PERPETUAL−0.013%0.0000%1h$94K$2.1M50xas long as short
Popdex ENAUSDT−0.003%+0.0096%1h$57K$573K50xas long as short
Kraken Futures PF_ENAUSDlong0.000%−0.0412%1h$2.6M$6.6M50x
dYdX ENA-USD+0.007%+0.6150%1h$139K$12K5xas long as short
Aster ENAUSDT+0.013%+0.0100%4h$1.6M$3.1M50xas long as short
Reya ENARUSDPERP+0.025%+0.0412%1h$1K$5K15xas long as short
BloFin ENA-USDT+0.044%+0.0340%4h$5.7M$8.4M75xas long as short
Polymarket Perps ENA-USD+0.054%+0.0100%1h$190K$3.4M10xas long as short
01 Exchange ENAUSD+0.058%+0.0080%1h$4K$43210xas long as short
Lighter ENA+0.068%+0.0392%1h$5.9M$14.0M10xas long as short
Hyperliquid ENA+0.087%+0.0172%1h$110.7M$83.3M10xas long as short
gTrade (Gains Network) ENA/USD+0.096%L +0.0003% / S −0.0003%1h$87K—150xas long as short
GMX ENA/USD [ETH-USDC]+0.115%L +0.0140% / S −0.0161%1h$38K—100xas long as short
Bulk ENA-USD+0.129%+0.0100%1h$89K$1K10xas long as short
HTX ENA-USDT+0.172%+0.0100%4h$273K$1.8M50xas long as short
Ondo Perps ENA-USD.P+0.186%+0.0100%1h$20K$476K5xas long as short
ApeX Omni ENAUSDT+0.186%+0.0100%1h$21K$707K50xas long as short
Coinbase International ENA-PERP-INTX+0.276%+0.0544%1h$807K$2.2M50xas long as short
Phoenix ENA+0.395%+0.0038%1h$5K$418K10xas long as short
edgeX ENAUSDC+0.398%+0.0100%4h$254K$8.5M20xas long as short
Variational Omni ENA+0.486%+0.0100%4h$3.7M$10.0M—as long as short
Injective ENA/USDC PERP+0.632%+0.0033%1h$522$57K5.5xas long as short