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

ENA

all ENA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0252%/8h= +27.6% APRnext payment +$0.32 per $10,000 · paid last 24h +0.001%
Price spread now: Extended against Nado+0.066%7-day average −0.067% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$11as in the Price arb table
costs, in and out, $10k−$240.243% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.008%+$1 on $10k
Price spread, last 3 days (all we have)−0.450%−$45 · spread now +0.066%, 7d avg −0.067%
Together, before fees−0.442%+ Points / potential airdropNado: Active · Extended: Active · farm board−$44 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Extended is 0.133% dearer against Nado than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.067%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.008% in total (about 0.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.32 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado ENA-PERP0.21060.0100pay 0.0012% / 1h8m 11s$662K$1.8M10x
ShortExtended ENA-USD0.21070.0352get 0.0044% / 1h8m 11s$1.6M$4.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Nado. 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
$52.92
Price spread: +0.066% → −0.067%
$13.3
Slippage, 4 orders
−$12.3
Fee Nado: 3.5 bp × 2 orders
−$7
Fee Extended: 2.5 bp × 2 orders
−$5
Net
$41.91
Costs to cover
0.243%
Break-even
1.5 days
Slippage from Nado: live order book, 1 min ago; Extended: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Nado live order book, 1 min ago0.71 bp6.9 bp −$717.1 bp −$171doesn't fitdoesn't fit
Sell Extended live order book, 6 min ago0.24 bp4.8 bp −$511.0 bp −$110doesn't fitdoesn't fit

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−0.0040%4h0.2107+0.052%$41K$24K10xas long as short
Backpack ENA_USDC_PERP−0.0013%1h0.2108+0.114%$372K$447K5xas long as short
Deribit ENA_USDC-PERPETUAL0.0000%1h0.2108+0.100%$92K$1.8M50xas long as short
gTrade (Gains Network) ENA/USDL +0.0003% / S −0.0003%1h0.2107+0.033%$101K150xas long as short
Injective ENA/USDC PERP+0.0033%1h0.2123+0.831%$522$57K5.5xas long as short
Kraken Futures PF_ENAUSD+0.0066%1h0.2109+0.145%$2.7M$5.5M50xas long as short
Popdex ENAUSDT+0.0096%1h0.2106+0.005%$62K$531K50xas long as short
Paradex ENA-USD-PERP+0.0100%8h0.2108+0.111%$47K$22110xas long as short
Nado ENA-PERPlong+0.0100%1h0.2106long leg$662K$1.8M10x
Aster ENAUSDT+0.0100%4h0.2107+0.071%$1.5M$3.3M50xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica ENA+0.0100%1h0.2108+0.100%$408K$575K10xas long as short
Binance ENAUSDT+0.0100%4h0.2107+0.076%$130.1M$454.9M75xas long as short
Bybit ENAUSDT+0.0100%4h0.2107+0.071%$87.9M$190.5M50xas long as short
OKX ENA-USDT-SWAP+0.0100%4h0.2107+0.071%$20.4M$111.6M50xas long as short
Ondo Perps ENA-USD.P+0.0100%1h0.2099−0.347%$15K$397K5xas long as short
Arcus ENA-USD+0.0100%1h0.2108+0.100%$82K$220K10xas long as short
Bulk ENA-USD+0.0100%1h0.2099−0.315%$89K$50010xas long as short
Gate ENA_USDT+0.0100%4h0.2107+0.052%$10.5M$21.4M50xas long as short
MEXC ENA_USDT+0.0100%4h0.2107+0.076%$46.7M$47.1M200xas long as short
KuCoin ENAUSDTM+0.0100%4h0.2108+0.114%$24.0M$16.4M75xas long as short
Bitget ENAUSDT+0.0100%4h0.21060.000%$47.6M$64.6M75xas long as short
BingX ENA-USDC+0.0100%4h0.2107+0.076%$6.5Mas long as short
Variational Omni ENA+0.0100%4h0.2097−0.415%$3.8M$10.3Mas long as short
edgeX ENAUSDC+0.0100%4h0.2098−0.381%$249K$7.7M20xas long as short
GRVT ENA_USDT_Perp+0.0100%4h0.2096−0.484%$350K$4.6M10xas long as short
ApeX Omni ENAUSDT+0.0100%1h0.2096−0.470%$32K$711K50xas long as short
Polymarket Perps ENA-USD+0.0100%1h0.2106+0.019%$177K$2.6M10xas long as short
SunX ENA-USDT+0.0100%4h0.2055−2.436%$1K$816K20xas long as short
SoDEX ENA-USD+0.0100%1h0.2108+0.100%$4K$14K10xas long as short
HTX ENA-USDT+0.0100%4h0.2109+0.152%$273K$1.5M50xas long as short
Phemex ENAUSDT+0.0100%4h0.2107+0.052%$2.0M$9.1M50xas long as short
Aevo ENA-PERP+0.0104%1h0.2108+0.078%$77K$11K3xas long as short
Phoenix ENA+0.0115%1h0.2098−0.356%$5K$356K10xas long as short
01 Exchange ENAUSD+0.0144%1h0.2107+0.071%$4K$31210xas long as short
GMX ENA/USD [ETH-USDC]L +0.0246% / S −0.0426%1h0.2106+0.016%$38K100xas long as short
BloFin ENA-USDT+0.0340%4h0.2103−0.142%$5.5M$8.0M75xas long as short
Extended ENA-USDshort+0.0352%1h0.2107+0.066%$1.6M$4.1M50x
Reya ENARUSDPERP+0.0412%1h0.2105−0.040%$1K$5K15xas long as short
Lighter ENA+0.0552%1h0.2110+0.209%$5.6M$12.9M10xas long as short
Coinbase International ENA-PERP-INTX+0.0576%1h0.2100−0.275%$827K$2.1M50xas long as short
Hyperliquid ENA+0.0587%1h0.2110+0.209%$111.4M$78.5M10xas long as short
dYdX ENA-USD+0.1988%1h0.2107+0.038%$139K$15K5xas long as short