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−0.0568%/8h= −62.2% APRnext payment $0.71 per $10,000 · paid last 24h −0.154%
Price spread now: Aevo against Lighter−0.137%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 7 days−0.433%−$43 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Aevo is 0.137% cheaper against Lighter than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter ENA0.21270.0672pay 0.0084% / 1h31m 17s$5.6M$12.6M10x
ShortAevo ENA-PERP0.21240.0104get 0.0013% / 1h31m 17s$74K$4K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Lighter. 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
−$119.28
Price spread: −0.137% → 0.000%
−$13.68
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$148.96
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: Lighter: live order book, 7 min ago; Aevo: 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 Lighter live order book, 7 min ago0.71 bp2.1 bp −$25.1 bp −$51105.8 bp −$10.6Kdoesn't fit
Sell Aevo no order-book sample
Aevo: 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%1h0.2124−0.132%$81K$1.7M50xas long as short
Backpack ENA_USDC_PERP+0.0002%1h0.2122−0.235%$378K$415K5xas long as short
gTrade (Gains Network) ENA/USDL +0.0003% / S −0.0003%1h0.2124−0.127%$97K150xas long as short
dYdX ENA-USD+0.0027%1h0.2121−0.281%$140K$15K5xas long as short
Orderly PERP_ENA_USDC+0.0029%4h0.2123−0.150%$41K$23K10xas long as short
Injective ENA/USDC PERP+0.0033%1h0.2123−0.150%$522$57K5.5xas long as short
Popdex ENAUSDT+0.0096%1h0.2123−0.169%$63K$520K50xas long as short
Nado ENA-PERP+0.0100%1h0.2123−0.167%$675K$1.7M10xas long as short
Aster ENAUSDT+0.0100%4h0.2124−0.108%$1.5M$3.3M50xas long as short
Pacifica ENA+0.0100%1h0.2123−0.155%$411K$552K10xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ENAUSDT+0.0100%4h0.2124−0.108%$131.8M$443.4M75xas long as short
Bybit ENAUSDT+0.0100%4h0.2124−0.132%$89.4M$185.4M50xas long as short
OKX ENA-USDT-SWAP+0.0100%4h0.2125−0.080%$20.8M$109.1M50xas long as short
Ondo Perps ENA-USD.P+0.0100%1h0.2116−0.517%$15K$399K5xas long as short
Arcus ENA-USD+0.0100%1h0.2125−0.075%$105K$242K10xas long as short
Bulk ENA-USD+0.0100%1h0.2117−0.475%$89K−$010xas long as short
Gate ENA_USDT+0.0100%4h0.2124−0.127%$10.8M$20.8M50xas long as short
MEXC ENA_USDT+0.0100%4h0.2124−0.118%$46.0M$44.3M200xas long as short
KuCoin ENAUSDTM+0.0100%4h0.2126−0.042%$24.5M$16.5M75xas long as short
Bitget ENAUSDT+0.0100%4h0.2123−0.179%$48.2M$61.4M75xas long as short
BingX ENA-USDT+0.0100%4h0.2124−0.118%$32.6Mas long as short
Variational Omni ENA+0.0100%4h0.2123−0.154%$3.8M$10.1Mas long as short
edgeX ENAUSDC+0.0100%4h0.2113−0.622%$246K$7.5M20xas long as short
GRVT ENA_USDT_Perp+0.0100%4h0.2113−0.651%$356K$4.7M10xas long as short
ApeX Omni ENAUSDT+0.0100%1h0.2116−0.498%$34K$687K50xas long as short
Polymarket Perps ENA-USD+0.0100%1h0.2124−0.099%$178K$2.4M10xas long as short
SunX ENA-USDT+0.0100%4h0.2074−2.483%$938$828K20xas long as short
SoDEX ENA-USD+0.0100%1h0.2124−0.122%$4K$10K10xas long as short
HTX ENA-USDT+0.0100%4h0.2125−0.071%$276K$1.2M50xas long as short
Phemex ENAUSDT+0.0100%4h0.2124−0.122%$1.9M$9.4M50xas long as short
Paradex ENA-USD-PERP+0.0100%8h0.2123−0.159%$48K$22110xas long as short
Aevo ENA-PERPshort+0.0104%1h0.2124−0.137%$74K$4K3x
Phoenix ENA+0.0150%1h0.2116−0.508%$7K$347K10xas long as short
01 Exchange ENAUSD+0.0224%1h0.2126−0.038%$4K$30210xas long as short
Kraken Futures PF_ENAUSD+0.0235%1h0.2125−0.084%$2.7M$5.1M50xas long as short
GMX ENA/USD [ETH-USDC]L +0.0250% / S −0.0434%1h0.2124−0.139%$38K100xas long as short
Extended ENA-USD+0.0280%1h0.2123−0.186%$1.6M$4.3M50xas long as short
BloFin ENA-USDT+0.0340%4h0.2123−0.169%$5.6M$2.0M75xas long as short
Reya ENARUSDPERP+0.0412%1h0.2124−0.121%$1K$5K15xas long as short
Coinbase International ENA-PERP-INTX+0.0608%1h0.2125−0.080%$839K$1.8M50xas long as short
Lighter ENAlong+0.0672%1h0.2127long leg$5.6M$12.6M10x
Hyperliquid ENA+0.0721%1h0.2127+0.042%$114.7M$75.4M10xas long as short