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

ENA

all ENA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.1672%/8h= +183.1% APRnext payment +$2.09 per $10,000 · paid last 24h +0.692%
Price spread now: dYdX against Ondo Perps+0.107%7-day average −0.052% · you sell dearer than you buy
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+1.033%+$103 on $10k
Price spread, last 4 days (all we have)+0.066%+$7 · spread now +0.107%, 7d avg −0.052%
Together, before fees+1.099%+ Points / potential airdropOndo Perps: Active · farm board+$110 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$50 a day on $10k at the current rate, and dYdX is 0.159% dearer against Ondo Perps than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.052%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 1.033% in total (about 53.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.09 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
LongOndo Perps ENA-USD.P0.21240.0100pay 0.0013% / 1h45m 12s$15K$400K5x
ShortdYdX ENA-USD0.21260.1772get 0.0222% / 1h45m 12s$140K$15K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$351.18
Price spread: +0.107% → −0.052%
$15.89
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee dYdX: 5 bp × 2 orders
−$10
Net
$352.07
Costs to cover
0.150%
Break-even
from the start
Slippage unknown: Ondo Perps: no order-book sample; dYdX: live order book, 34 min ago. 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 Ondo Perps no order-book sample
Sell dYdX live order book, 34 min ago76.39 bp107.8 bp −$108705.2 bp −$7,0521435.1 bp −$143.5K1910.6 bp −$955.3K
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_ENA_USDC−0.0026%4h0.2125+0.042%$41K$24K10xas long as short
Deribit ENA_USDC-PERPETUAL0.0000%1h0.2126+0.089%$93K$1.8M50xas long as short
gTrade (Gains Network) ENA/USDL +0.0003% / S −0.0003%1h0.2126+0.072%$106K150xas long as short
Injective ENA/USDC PERP+0.0033%1h0.2123−0.038%$522$57K5.5xas long as short
Popdex ENAUSDT+0.0096%1h0.2124−0.009%$63K$522K50xas long as short
Backpack ENA_USDC_PERP+0.0098%1h0.2126+0.075%$375K$447K5xas long as short
Nado ENA-PERP+0.0100%1h0.2125+0.056%$687K$1.8M10xas long as short
Aster ENAUSDT+0.0100%4h0.2127+0.113%$1.5M$3.3M50xas long as short
Pacifica ENA+0.0100%1h0.2126+0.090%$412K$567K10xas long as short
Binance ENAUSDT+0.0100%4h0.2126+0.062%$131.3M$454.8M75xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ENAUSDT+0.0100%4h0.2124+0.009%$89.1M$190.8M50xas long as short
OKX ENA-USDT-SWAP+0.0100%4h0.2125+0.038%$20.6M$112.1M50xas long as short
Ondo Perps ENA-USD.Plong+0.0100%1h0.2124long leg$15K$400K5x
Arcus ENA-USD+0.0100%1h0.2126+0.085%$84K$221K10xas long as short
Bulk ENA-USD+0.0100%1h0.2125+0.060%$90K$50010xas long as short
Gate ENA_USDT+0.0100%4h0.2125+0.042%$10.9M$21.3M50xas long as short
MEXC ENA_USDT+0.0100%4h0.2126+0.080%$47.0M$45.4M200xas long as short
KuCoin ENAUSDTM+0.0100%4h0.2127+0.108%$24.5M$16.3M75xas long as short
Bitget ENAUSDT+0.0100%4h0.2124−0.009%$48.1M$64.7M75xas long as short
BingX ENA-USDT+0.0100%4h0.2125+0.033%$32.7Mas long as short
Variational Omni ENA+0.0100%4h0.2126+0.065%$3.9M$10.3Mas long as short
edgeX ENAUSDC+0.0100%4h0.2128+0.196%$253K$7.7M20xas long as short
GRVT ENA_USDT_Perp+0.0100%4h0.2129+0.246%$355K$4.6M10xas long as short
ApeX Omni ENAUSDT+0.0100%1h0.2128+0.179%$32K$712K50xas long as short
Polymarket Perps ENA-USD+0.0100%1h0.2125+0.028%$179K$2.6M10xas long as short
SunX ENA-USDT+0.0100%4h0.2074−2.387%$1K$824K20xas long as short
SoDEX ENA-USD+0.0100%1h0.2126+0.085%$4K$14K10xas long as short
HTX ENA-USDT+0.0100%4h0.2130+0.273%$277K$1.5M50xas long as short
Phemex ENAUSDT+0.0100%4h0.2125+0.038%$2.0M$9.2M50xas long as short
Paradex ENA-USD-PERP+0.0100%8h0.2125+0.036%$48K$22110xas long as short
Aevo ENA-PERP+0.0104%1h0.2126+0.072%$78K$11K3xas long as short
Phoenix ENA+0.0189%1h0.2129+0.231%$7K$347K10xas long as short
01 Exchange ENAUSD+0.0192%1h0.2127+0.113%$4K$30210xas long as short
Kraken Futures PF_ENAUSD+0.0240%1h0.2127+0.116%$2.7M$5.5M50xas long as short
GMX ENA/USD [ETH-USDC]L +0.0250% / S −0.0434%1h0.2125+0.050%$38K100xas long as short
BloFin ENA-USDT+0.0340%4h0.2125+0.056%$5.6M$7.0M75xas long as short
Extended ENA-USD+0.0352%1h0.2125+0.046%$1.6M$4.2M50xas long as short
Reya ENARUSDPERP+0.0412%1h0.2124−0.001%$1K$5K15xas long as short
Coinbase International ENA-PERP-INTX+0.0552%1h0.2135+0.485%$843K$2.1M50xas long as short
Lighter ENA+0.0632%1h0.2128+0.174%$5.7M$12.8M10xas long as short
Hyperliquid ENA+0.0858%1h0.2129+0.243%$114.4M$78.9M10xas long as short
dYdX ENA-USDshort+0.1772%1h0.2126+0.107%$140K$15K5x