Funding you earn now, next payment 23:00 UTC−0.0185%/8h= −20.2% APRnext payment −$0.23 per $10,000 · paid last 24h −0.040%
Price spread now: Backpack against Ondo Perps−0.043%7-day average −0.003% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.027%+$3 on $10k
+Price spread, last 4 days (all we have)+0.121%+$12 · spread now −0.043%, 7d avg −0.003%
=Together, before fees+0.148%+ Points / potential airdropOndo Perps: Active · farm board+$15 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Backpack is 0.040% cheaper against Ondo Perps than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.003%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.027% in total (about 1.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.23 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps ENA-USD.P | 0.2091 | 0.0100 | pay 0.0013% / 1h | 28m 01s | $15K | $405K | 5x |
| Short | Backpack ENA_USDC_PERP | 0.2090 | −0.0085 | pay 0.0011% / 1h | 28m 01s | $361K | $454K | 5x |
Ondo Perps ENA-USD.P
Backpack ENA_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Ondo Perps. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$38.79
- Price spread: −0.043% → −0.003%
- −$4.04
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$57.84
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Backpack: live order book, 56 min ago. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 56 min ago | 0.24 bp | 8.2 bp −$8 | 40.9 bp −$409 | doesn't fit | doesn't fit |
Ondo Perps: 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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Backpack ENA_USDC_PERPshort | −0.0085% | 1h | 0.2090 | −0.043% | $361K | $454K | 5x | |
| Orderly PERP_ENA_USDC | −0.0059% | 4h | 0.2090 | −0.062% | $40K | $24K | 10x | as long as short |
| Deribit ENA_USDC-PERPETUAL | 0.0000% | 1h | 0.2090 | −0.033% | $92K | $1.8M | 50x | as long as short |
| gTrade (Gains Network) ENA/USD | L +0.0003% / S −0.0003% | 1h | 0.2091 | +0.006% | $96K | — | 150x | as long as short |
| Injective ENA/USDC PERP | +0.0033% | 1h | 0.2123 | +1.554% | $522 | $57K | 5.5x | as long as short |
| Kraken Futures PF_ENAUSD | +0.0066% | 1h | 0.2091 | +0.004% | $2.6M | $5.6M | 50x | as long as short |
| Popdex ENAUSDT | +0.0096% | 1h | 0.2093 | +0.100% | $61K | $537K | 50x | as long as short |
| Paradex ENA-USD-PERP | +0.0100% | 8h | 0.2093 | +0.120% | $47K | $221 | 10x | as long as short |
| Nado ENA-PERP | +0.0100% | 1h | 0.2093 | +0.086% | $658K | $1.8M | 10x | as long as short |
| Aster ENAUSDT | +0.0100% | 4h | 0.2090 | −0.043% | $1.5M | $3.3M | 50x | as long as short |
Orderly PERP_ENA_USDC
Deribit ENA_USDC-PERPETUAL
gTrade (Gains Network) ENA/USD
Injective ENA/USDC PERP
Kraken Futures PF_ENAUSD
Popdex ENAUSDT
Paradex ENA-USD-PERP
Nado ENA-PERP
Aster ENAUSDTShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica ENA | +0.0100% | 1h | 0.2094 | +0.160% | $405K | $578K | 10x | as long as short |
| Binance ENAUSDT | +0.0100% | 4h | 0.2088 | −0.131% | $128.7M | $457.5M | 75x | as long as short |
| Bybit ENAUSDT | +0.0100% | 4h | 0.2087 | −0.177% | $86.8M | $191.2M | 50x | as long as short |
| OKX ENA-USDT-SWAP | +0.0100% | 4h | 0.2088 | −0.120% | $20.1M | $111.7M | 50x | as long as short |
| Ondo Perps ENA-USD.Plong | +0.0100% | 1h | 0.2091 | long leg | $15K | $405K | 5x | |
| Arcus ENA-USD | +0.0100% | 1h | 0.2094 | +0.148% | $82K | $222K | 10x | as long as short |
| Bulk ENA-USD | +0.0100% | 1h | 0.2088 | −0.115% | $88K | $500 | 10x | as long as short |
| Gate ENA_USDT | +0.0100% | 4h | 0.2089 | −0.067% | $10.4M | $21.3M | 50x | as long as short |
| MEXC ENA_USDT | +0.0100% | 4h | 0.2089 | −0.077% | $45.2M | $46.8M | 200x | as long as short |
| KuCoin ENAUSDTM | +0.0100% | 4h | 0.2091 | −0.005% | $23.7M | $16.5M | 75x | as long as short |
| Bitget ENAUSDT | +0.0100% | 4h | 0.2087 | −0.210% | $47.2M | $65.2M | 75x | as long as short |
| BingX ENA-USDC | +0.0100% | 4h | 0.2088 | −0.134% | — | $6.5M | — | as long as short |
| Variational Omni ENA | +0.0100% | 4h | 0.2090 | −0.058% | $3.8M | $10.3M | — | as long as short |
| edgeX ENAUSDC | +0.0100% | 4h | 0.2095 | +0.199% | $249K | $7.8M | 20x | as long as short |
| GRVT ENA_USDT_Perp | +0.0100% | 4h | 0.2090 | −0.043% | $347K | $4.6M | 10x | as long as short |
| ApeX Omni ENAUSDT | +0.0100% | 1h | 0.2095 | +0.196% | $32K | $712K | 50x | as long as short |
| Polymarket Perps ENA-USD | +0.0100% | 1h | 0.2092 | +0.077% | $183K | $2.7M | 10x | as long as short |
| SunX ENA-USDT | +0.0100% | 4h | 0.2044 | −2.262% | $1K | $815K | 20x | as long as short |
| SoDEX ENA-USD | +0.0100% | 1h | 0.2089 | −0.091% | $4K | $14K | 10x | as long as short |
| HTX ENA-USDT | +0.0100% | 4h | 0.2093 | +0.115% | $271K | $1.5M | 50x | as long as short |
| Phemex ENAUSDT | +0.0100% | 4h | 0.2089 | −0.091% | $1.9M | $9.2M | 50x | as long as short |
| Aevo ENA-PERP | +0.0104% | 1h | 0.2090 | −0.057% | $77K | $11K | 3x | as long as short |
| 01 Exchange ENAUSD | +0.0112% | 1h | 0.2095 | +0.177% | $4K | $432 | 10x | as long as short |
| Phoenix ENA | +0.0115% | 1h | 0.2091 | −0.014% | $5K | $356K | 10x | as long as short |
| GMX ENA/USD [ETH-USDC] | L +0.0233% / S −0.0395% | 1h | 0.2091 | −0.019% | $38K | — | 100x | as long as short |
| Extended ENA-USD | +0.0304% | 1h | 0.2089 | −0.081% | $1.6M | $4.2M | 50x | as long as short |
| BloFin ENA-USDT | +0.0340% | 4h | 0.2093 | +0.105% | $5.5M | $8.0M | 75x | as long as short |
| Reya ENARUSDPERP | +0.0412% | 1h | 0.2091 | +0.023% | $1K | $5K | 15x | as long as short |
| Lighter ENA | +0.0528% | 1h | 0.2092 | +0.053% | $5.6M | $12.9M | 10x | as long as short |
| Hyperliquid ENA | +0.0572% | 1h | 0.2091 | +0.024% | $110.4M | $79.6M | 10x | as long as short |
| Coinbase International ENA-PERP-INTX | +0.0576% | 1h | 0.2092 | +0.053% | $804K | $2.1M | 50x | as long as short |
| dYdX ENA-USD | +0.1924% | 1h | 0.2092 | +0.068% | $138K | $15K | 5x | as long as short |
Pacifica ENA
Binance ENAUSDT
Bybit ENAUSDT
OKX ENA-USDT-SWAP
Arcus ENA-USD
Bulk ENA-USD
Gate ENA_USDT
MEXC ENA_USDT
KuCoin ENAUSDTM
Bitget ENAUSDT
BingX ENA-USDC
Variational Omni ENA
edgeX ENAUSDC
GRVT ENA_USDT_Perp
ApeX Omni ENAUSDT
Polymarket Perps ENA-USD
SunX ENA-USDT
SoDEX ENA-USD
HTX ENA-USDT
Phemex ENAUSDT
Aevo ENA-PERP
01 Exchange ENAUSD
Phoenix ENA
GMX ENA/USD [ETH-USDC]
Extended ENA-USD
BloFin ENA-USDT
Reya ENARUSDPERP
Lighter ENA
Hyperliquid ENA
Coinbase International ENA-PERP-INTX
dYdX ENA-USD