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

ENA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment $0.13 per $10,000 · paid last 24h −0.020%
Price spread now: 01 Exchange against Ondo Perps−0.124%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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and 01 Exchange is 0.124% cheaper against Ondo Perps than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps ENA-USD.P0.20960.0100pay 0.0013% / 1h35m 51s$38K$316K5x
Short01 Exchange ENAUSD0.20940get 0.0000% / 1h35m 51s$4K$27710x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
−$21
Price spread: −0.124% → 0.000%
−$12.4
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$45.4
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: Ondo Perps: no order-book sample; 01 Exchange: 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 Ondo Perps no order-book sample
Sell 01 Exchange no order-book sample
Ondo Perps and 01 Exchange: 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−0.0094%4h0.2096−0.019%$44K$17K10xas long as short
01 Exchange ENAUSDshort0.0000%1h0.2094−0.124%$4K$27710x
Deribit ENA_USDC-PERPETUAL0.0000%1h0.2097+0.029%$54K$1.1M50xas long as short
gTrade (Gains Network) ENA/USDL +0.0004% / S −0.0004%1h0.2096+0.006%$81K150xas long as short
Injective ENA/USDC PERP+0.0033%1h0.2123+1.293%$522$57K5.5xas long as short
Lighter ENA+0.0096%1h0.2099+0.105%$4.9M$13.8M10xas long as short
Popdex ENAUSDT+0.0096%1h0.2093−0.157%$51K$478K50xas long as short
Paradex ENA-USD-PERP+0.0100%8h0.2093−0.162%$47K$11010xas long as short
Nado ENA-PERP+0.0100%1h0.2093−0.165%$557K$1.8M10xas long as short
Hyperliquid ENA+0.0100%1h0.2099+0.153%$113.9M$74.9M10xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster ENAUSDT+0.0100%4h0.2097+0.036%$1.4M$3.3M50xas long as short
Pacifica ENA+0.0100%1h0.2095−0.054%$404K$563K10xas long as short
Binance ENAUSDT+0.0100%4h0.2097+0.019%$127.4M$425.6M75xas long as short
Bybit ENAUSDT+0.0100%4h0.2096−0.029%$89.6M$187.6M50xas long as short
OKX ENA-USDT-SWAP+0.0100%4h0.2097+0.014%$21.0M$106.7M50xas long as short
Ondo Perps ENA-USD.Plong+0.0100%1h0.2096long leg$38K$316K5x
Arcus ENA-USD+0.0100%1h0.2094−0.110%$77K$281K10xas long as short
Bulk ENA-USD+0.0100%1h0.2096−0.028%$91K$51110xas long as short
Gate ENA_USDT+0.0100%4h0.2097+0.019%$12.7M$27.0M50xas long as short
MEXC ENA_USDT+0.0100%4h0.2097+0.029%$39.1M$42.9M200xas long as short
KuCoin ENAUSDTM+0.0100%4h0.2098+0.072%$24.7M$15.8M75xas long as short
Bitget ENAUSDT+0.0100%4h0.2094−0.105%$47.6M$59.8M75xas long as short
BingX ENA-USDT+0.0100%4h0.2096−0.005%$31.4Mas long as short
Backpack ENA_USDC_PERP+0.0100%1h0.2098+0.076%$406K$492K5xas long as short
Variational Omni ENA+0.0100%4h0.2095−0.041%$3.0M$10.1Mas long as short
edgeX ENAUSDC+0.0100%4h0.2099+0.122%$253K$7.1M20xas long as short
GRVT ENA_USDT_Perp+0.0100%4h0.2100+0.166%$362K$4.8M10xas long as short
ApeX Omni ENAUSDT+0.0100%1h0.2109+0.606%$19K$646K50xas long as short
Polymarket Perps ENA-USD+0.0100%1h0.2095−0.043%$185K$2.6M10xas long as short
SunX ENA-USDT+0.0100%4h0.2046−2.399%$1K$905K20xas long as short
SoDEX ENA-USD+0.0100%1h0.2096−0.014%$3K$7K10xas long as short
HTX ENA-USDT+0.0100%4h0.2100+0.186%$264K$814K50xas long as short
Phemex ENAUSDT+0.0100%4h0.2097+0.033%$1.8M$8.8M50xas long as short
Extended ENA-USD+0.0104%1h0.2095−0.056%$1.6M$4.4M50xas long as short
Aevo ENA-PERP+0.0104%1h0.2098+0.093%$73K$4K3xas long as short
Kraken Futures PF_ENAUSD+0.0150%1h0.2098+0.067%$2.6M$4.4M50xas long as short
Phoenix ENA+0.0190%1h0.2108+0.577%$8K$273K10xas long as short
GMX ENA/USD [ETH-USDC]L +0.0306% / S −0.0754%1h0.2096−0.005%$58K100xas long as short
BloFin ENA-USDT+0.0340%4h0.2094−0.105%$5.6M$3.3M75xas long as short
Reya ENARUSDPERP+0.0412%1h0.2095−0.055%$1K15xas long as short
Coinbase International ENA-PERP-INTX+0.0656%1h0.2102+0.277%$869K$1.8M50xas long as short
dYdX ENA-USD+0.0840%1h0.20960.000%$138K$16K5xas long as short