data as of
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Price arb /

ENA

all ENA markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$9
spread now+0.364%7d average−0.012%fees + slippage, in and out−$47spread needed0.466%
Long on PhoenixShort on Hyperliquid
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix ENA0.21560get 0.0000% / 1h15m 54s$5K$463K10x
ShortHyperliquid ENA0.21640.0100get 0.0013% / 1h15m 54s$111.1M$97.7M10x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$36.41
Funding while held
$3
Slippage, 4 orders
−$30.59
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$7.18
Spread needed to break even
0.466%
Slippage from Phoenix: live order book, 33 min ago; Hyperliquid: live order book, 9 min ago.

Cost of waiting

funding view
Funding /8h
+0.0100%
Per $10,000 a day
+$3.00
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phoenix live order book, 33 min ago1.80 bp16.6 bp −$1759.7 bp −$597doesn't fitdoesn't fit
Sell Hyperliquid live order book, 9 min ago0.23 bp7.1 bp −$7doesn't fitdoesn't fitdoesn't fit

ENA price on every exchange

against the cheapest. Click to use as the short leg.
SunX0.2110cheapestBulk0.2148+1.844%Variational Omni0.2154+2.113%edgeX0.2156+2.186%
Phoenix0.2156+2.199%
Ondo Perps0.2156+2.209%BloFin0.2158+2.275%Bitget0.2159+2.356%Bybit0.2160+2.375%Pacifica0.2160+2.394%dYdX0.2160+2.395%Nado0.2160+2.399%Reya0.2160+2.401%Extended0.2161+2.419%Paradex0.2161+2.430%Popdex0.2161+2.436%Gate0.2161+2.436%ApeX Omni0.2161+2.436%OKX0.2161+2.446%BingX0.2161+2.446%01 Exchange0.2161+2.451%KuCoin0.2161+2.451%Binance0.2162+2.474%MEXC0.2162+2.474%Aster0.2162+2.475%Kraken Futures0.2162+2.480%Arcus0.2162+2.484%SoDEX0.2162+2.484%Phemex0.2162+2.484%GMX0.2162+2.496%Backpack0.2162+2.498%Polymarket Perps0.2162+2.498%Orderly0.2162+2.503%Coinbase International0.2163+2.522%gTrade (Gains Network)0.2163+2.531%Aevo0.2163+2.531%
Hyperliquid0.2164+2.572%
Deribit0.2164+2.579%Lighter0.2164+2.583%HTX0.2167+2.740%Injective0.2174+3.072%

ENA on 41 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
SunX ENA-USDT−2.152%+0.0100%4h$1K$771K20xas long as short
Bulk ENA-USD−0.348%+0.0100%1h$90K−$010xas long as short
Variational Omni ENA−0.085%+0.0100%4h$4.6M$9.5M—as long as short
edgeX ENAUSDC−0.013%+0.0100%4h$266K$9.3M20xas long as short
Phoenix ENAlong0.000%0.0000%1h$5K$463K10x
Ondo Perps ENA-USD.P+0.009%+0.0100%1h$21K$532K5xas long as short
BloFin ENA-USDT+0.074%+0.0340%4h$5.9M$9.6M75xas long as short
Bitget ENAUSDT+0.153%−0.0088%4h$49.9M$82.1M75xas long as short
Bybit ENAUSDT+0.172%+0.0094%4h$93.1M$235.8M50xas long as short
Pacifica ENA+0.190%+0.0100%1h$430K$746K10xas long as short
Show all 41 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
dYdX ENA-USD+0.191%+0.0902%1h$133K$3K5xas long as short
Nado ENA-PERP+0.195%+0.0100%1h$642K$2.1M10xas long as short
Reya ENARUSDPERP+0.197%+0.0412%1h$1K$5K15xas long as short
Extended ENA-USD+0.215%+0.0104%1h$1.6M$4.1M50xas long as short
Paradex ENA-USD-PERP+0.226%+0.0099%8h$48K$89610xas long as short
Popdex ENAUSDT+0.232%+0.0096%1h$57K$606K50xas long as short
Gate ENA_USDT+0.232%−0.0020%4h$11.0M$30.7M50xas long as short
ApeX Omni ENAUSDT+0.232%+0.0100%1h$37K$692K50xas long as short
OKX ENA-USDT-SWAP+0.241%+0.0076%4h$21.3M$161.6M50xas long as short
BingX ENA-USDT+0.241%+0.0100%4h—$32.6M—as long as short
01 Exchange ENAUSD+0.246%−0.0144%1h$4K$3K10xas long as short
KuCoin ENAUSDTM+0.246%+0.0100%4h$23.1M$18.7M75xas long as short
Binance ENAUSDT+0.269%+0.0100%4h$136.2M$560.2M75xas long as short
MEXC ENA_USDT+0.269%+0.0100%4h$44.7M$65.0M200xas long as short
Aster ENAUSDT+0.269%+0.0100%4h$1.6M$3.1M50xas long as short
Kraken Futures PF_ENAUSD+0.275%−0.0259%1h$2.6M$10.2M50xas long as short
Arcus ENA-USD+0.278%+0.0100%1h$87K$319K10xas long as short
SoDEX ENA-USD+0.278%+0.0100%1h$4K$16K10xas long as short
Phemex ENAUSDT+0.278%+0.0100%4h$1.7M$9.3M50xas long as short
GMX ENA/USD [ETH-USDC]+0.290%L +0.0119% / S −0.0115%1h$32K—100xas long as short
Backpack ENA_USDC_PERP+0.292%−0.0494%1h$369K$736K5xas long as short
Polymarket Perps ENA-USD+0.292%+0.0100%1h$169K$4.0M10xas long as short
Orderly PERP_ENA_USDC+0.297%−0.0182%4h$43K$41K10xas long as short
Coinbase International ENA-PERP-INTX+0.315%+0.0512%1h$856K$3.5M50xas long as short
gTrade (Gains Network) ENA/USD+0.325%L +0.0003% / S −0.0003%1h$99K—150xas long as short
Aevo ENA-PERP+0.325%+0.0104%1h$79K$11K3xas long as short
Hyperliquid ENAshort+0.364%+0.0100%1h$111.1M$97.7M10x
Deribit ENA_USDC-PERPETUAL+0.371%0.0000%1h$84K$2.5M50xas long as short
Lighter ENA+0.376%+0.0272%1h$6.0M$18.3M10xas long as short
HTX ENA-USDT+0.529%+0.0100%4h$263K$2.4M50xas long as short
Injective ENA/USDC PERP+0.853%+0.0033%1h$535$2K5.5xas long as short