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

ENA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0028%/8h= +3.1% APRnext payment +$0.04 per $10,000 · paid last 24h −0.061%
Price spread now: 01 Exchange against Pacifica+0.059%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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropPacifica: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and 01 Exchange is 0.059% dearer against Pacifica than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica ENA0.20950.0100pay 0.0013% / 1h19m 16s$405K$576K10x
Short01 Exchange ENAUSD0.20960.0128get 0.0016% / 1h19m 16s$4K$43210x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange against Pacifica. 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
$5.88
Price spread: +0.059% → 0.000%
$5.87
Slippage, 4 orders
no order book: not counted
Fee Pacifica: 4 bp × 2 orders
−$8
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$3.25
Costs to cover
0.150%
Break-even
10.9 days
Slippage unknown: Pacifica: live order book, 64 min ago; 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 Pacifica live order book, 64 min ago1.42 bp8.3 bp −$8doesn't fitdoesn't fitdoesn't fit
Sell 01 Exchange no order-book sample
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
Backpack ENA_USDC_PERP−0.0052%1h0.2095+0.035%$370K$451K5xas long as short
Orderly PERP_ENA_USDC−0.0051%4h0.2094−0.022%$40K$24K10xas long as short
Deribit ENA_USDC-PERPETUAL0.0000%1h0.2095+0.016%$92K$1.8M50xas long as short
gTrade (Gains Network) ENA/USDL +0.0003% / S −0.0003%1h0.2095+0.011%$101K150xas long as short
Injective ENA/USDC PERP+0.0033%1h0.2123+1.367%$522$57K5.5xas long as short
Kraken Futures PF_ENAUSD+0.0066%1h0.2096+0.055%$2.6M$5.5M50xas long as short
Popdex ENAUSDT+0.0096%1h0.2095+0.011%$61K$531K50xas long as short
Paradex ENA-USD-PERP+0.0100%8h0.2094−0.042%$47K$22110xas long as short
Nado ENA-PERP+0.0100%1h0.2093−0.073%$659K$1.8M10xas long as short
Aster ENAUSDT+0.0100%4h0.2095+0.017%$1.5M$3.3M50xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica ENAlong+0.0100%1h0.2095long leg$405K$576K10x
Binance ENAUSDT+0.0100%4h0.2095+0.001%$129.2M$455.8M75xas long as short
Bybit ENAUSDT+0.0100%4h0.2094−0.051%$87.1M$190.8M50xas long as short
OKX ENA-USDT-SWAP+0.0100%4h0.2094−0.013%$20.2M$111.2M50xas long as short
Ondo Perps ENA-USD.P+0.0100%1h0.2093−0.099%$15K$401K5xas long as short
Arcus ENA-USD+0.0100%1h0.2095+0.011%$82K$220K10xas long as short
Bulk ENA-USD+0.0100%1h0.2095−0.004%$88K$50010xas long as short
Gate ENA_USDT+0.0100%4h0.2094−0.018%$10.5M$21.3M50xas long as short
MEXC ENA_USDT+0.0100%4h0.2095+0.006%$46.3M$47.0M200xas long as short
KuCoin ENAUSDTM+0.0100%4h0.2096+0.054%$23.9M$16.5M75xas long as short
Bitget ENAUSDT+0.0100%4h0.2093−0.080%$47.3M$64.8M75xas long as short
BingX ENA-USDC+0.0100%4h0.2094−0.013%$6.5Mas long as short
Variational Omni ENA+0.0100%4h0.2094−0.037%$3.8M$10.3Mas long as short
edgeX ENAUSDC+0.0100%4h0.2096+0.040%$249K$7.8M20xas long as short
GRVT ENA_USDT_Perp+0.0100%4h0.2095+0.035%$353K$4.6M10xas long as short
ApeX Omni ENAUSDT+0.0100%1h0.2095+0.011%$32K$710K50xas long as short
Polymarket Perps ENA-USD+0.0100%1h0.2095+0.025%$177K$2.7M10xas long as short
SunX ENA-USDT+0.0100%4h0.2044−2.405%$1K$816K20xas long as short
SoDEX ENA-USD+0.0100%1h0.2095+0.011%$4K$14K10xas long as short
HTX ENA-USDT+0.0100%4h0.2096+0.054%$272K$1.5M50xas long as short
Phemex ENAUSDT+0.0100%4h0.2093−0.084%$1.9M$9.2M50xas long as short
Aevo ENA-PERP+0.0104%1h0.2095+0.011%$77K$11K3xas long as short
Phoenix ENA+0.0115%1h0.2095−0.008%$5K$356K10xas long as short
01 Exchange ENAUSDshort+0.0128%1h0.2096+0.059%$4K$43210x
GMX ENA/USD [ETH-USDC]L +0.0239% / S −0.0409%1h0.2095+0.016%$38K100xas long as short
Extended ENA-USD+0.0328%1h0.2094−0.059%$1.6M$4.1M50xas long as short
BloFin ENA-USDT+0.0340%4h0.2096+0.054%$5.5M$8.0M75xas long as short
Reya ENARUSDPERP+0.0412%1h0.2095−0.009%$1K$5K15xas long as short
Lighter ENA+0.0496%1h0.2097+0.121%$5.6M$12.9M10xas long as short
Coinbase International ENA-PERP-INTX+0.0576%1h0.2098+0.149%$826K$2.1M50xas long as short
Hyperliquid ENA+0.0579%1h0.2097+0.130%$110.7M$78.9M10xas long as short
dYdX ENA-USD+0.1958%1h0.2093−0.086%$138K$15K5xas long as short