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

ENA

all ENA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0064%/8h= +7.0% APRnext payment +$0.32 per $10,000 · paid last 24h +0.047%
Price spread now: HTX against Orderly+0.277%7-day average · 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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and HTX is 0.277% dearer against Orderly than usual: you sell high and buy low: +$28 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_ENA_USDC0.21290.0036pay 0.0018% / 4h2h 17m$44K$28K10x
ShortHTX ENA-USDT0.21340.0100get 0.0050% / 4h2h 17m$275K$864K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Orderly. 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
$13.38
Price spread: +0.277% → 0.000%
$27.72
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee HTX: 6 bp × 2 orders
−$12
Net
$23.1
Costs to cover
0.180%
Break-even
from the start
Slippage unknown: Orderly: no order-book sample; HTX: live order book, 11 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 Orderly no order-book sample
Sell HTX live order book, 11 min ago18.62 bp26.9 bp −$27doesn't fitdoesn't fitdoesn't fit
Orderly: 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 41 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%1h0.2129+0.009%$79K$1.5M50xas long as short
gTrade (Gains Network) ENA/USDL +0.0004% / S −0.0004%1h0.2131+0.129%$92K150xas long as short
dYdX ENA-USD+0.0015%1h0.2132+0.144%$141K$15K5xas long as short
Injective ENA/USDC PERP+0.0033%1h0.2123−0.240%$522$57K5.5xas long as short
Orderly PERP_ENA_USDClong+0.0036%4h0.2129long leg$44K$28K10x
01 Exchange ENAUSD+0.0096%1h0.2127−0.052%$4K$30210xas long as short
Popdex ENAUSDT+0.0096%1h0.2127−0.070%$54K$514K50xas long as short
Nado ENA-PERP+0.0100%1h0.2126−0.099%$684K$1.8M10xas long as short
Aster ENAUSDT+0.0100%4h0.2127−0.079%$1.5M$3.3M50xas long as short
Pacifica ENA+0.0100%1h0.2133+0.210%$417K$543K10xas long as short
Show all 41 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ENAUSDT+0.0100%4h0.2125−0.174%$131.6M$442.9M75xas long as short
Bybit ENAUSDT+0.0100%4h0.2126−0.103%$87.2M$186.2M50xas long as short
OKX ENA-USDT-SWAP+0.0100%4h0.2128−0.028%$20.9M$107.6M50xas long as short
Ondo Perps ENA-USD.P+0.0100%1h0.2129+0.009%$19K$401K5xas long as short
Arcus ENA-USD+0.0100%1h0.2129+0.023%$79K$289K10xas long as short
Bulk ENA-USD+0.0100%1h0.2135+0.282%$94K$4K10xas long as short
Gate ENA_USDT+0.0100%4h0.2124−0.202%$11.0M$21.6M50xas long as short
MEXC ENA_USDT+0.0100%4h0.2124−0.193%$45.2M$44.4M200xas long as short
KuCoin ENAUSDTM+0.0100%4h0.2125−0.141%$24.6M$16.3M75xas long as short
Bitget ENAUSDT+0.0100%4h0.2126−0.113%$48.4M$60.9M75xas long as short
BingX ENA-USDC+0.0100%4h0.2125−0.141%$6.5Mas long as short
Backpack ENA_USDC_PERP+0.0100%1h0.2127−0.056%$380K$385K5xas long as short
Variational Omni ENA+0.0100%4h0.2130+0.092%$3.8M$10.2Mas long as short
edgeX ENAUSDC+0.0100%4h0.2130+0.072%$248K$7.5M20xas long as short
GRVT ENA_USDT_Perp+0.0100%4h0.2129+0.023%$352K$4.8M10xas long as short
ApeX Omni ENAUSDT+0.0100%1h0.2131+0.117%$32K$656K50xas long as short
Polymarket Perps ENA-USD+0.0100%1h0.2128−0.033%$183K$2.4M10xas long as short
SunX ENA-USDT+0.0100%4h0.2078−2.387%$1K$854K20xas long as short
SoDEX ENA-USD+0.0100%1h0.2129+0.023%$4K$10K10xas long as short
HTX ENA-USDTshort+0.0100%4h0.2134+0.277%$275K$864K50x
Phemex ENAUSDT+0.0100%4h0.2127−0.070%$1.9M$9.2M50xas long as short
Paradex ENA-USD-PERP+0.0100%8h0.2131+0.127%$48K$11010xas long as short
Aevo ENA-PERP+0.0104%1h0.2129+0.006%$74K$4K3xas long as short
Phoenix ENA+0.0188%1h0.2129+0.028%$7K$351K10xas long as short
Extended ENA-USD+0.0216%1h0.2124−0.224%$1.6M$4.1M50xas long as short
Kraken Futures PF_ENAUSD+0.0250%1h0.2130+0.076%$2.7M$4.5M50xas long as short
GMX ENA/USD [ETH-USDC]L +0.0251% / S −0.0206%1h0.2131+0.106%$51K100xas long as short
Lighter ENA+0.0408%1h0.2132+0.155%$5.5M$13.7M10xas long as short
Reya ENARUSDPERP+0.0412%1h0.2127−0.052%$1K$5K15xas long as short
Hyperliquid ENA+0.0492%1h0.2131+0.113%$115.1M$72.5M10xas long as short
Coinbase International ENA-PERP-INTX+0.0648%1h0.2136+0.348%$837K$1.7M50xas long as short