ENA

Alert

Spread before costs (cost unknown: a leg has no order-book sample)−0.956%

7d average−0.106%if it closes, per $10,000$96funding while held, a day+$0.73

Long on Phoenix Short on Variational Omni

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix ENA	0.2114	0.0076	pay 0.0009% / 1h	54m 30s	$5K	$389K	10x
Short	Variational Omni ENA	0.2094	0.0100	get 0.0050% / 4h	54m 30s	$3.6M	$9.9M	—

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 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee PhoenixbpFee Variational OmnibpOrdersClose when spread is

Spread captured: −$95.64
Funding while held: $0.73
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$101.92
Spread needed to break even: 0.070%

Slippage unknown: Phoenix: live order book, 39 min ago; Variational Omni: RFQ quote, 1 min ago. Net counts fees only.

Cost of waiting

funding view

Funding /8h: +0.0024%
Per $10,000 a day: +$0.73
Average in range /8h: —

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Phoenix live order book, 39 min ago	1.90 bp	16.8 bp −$17	59.5 bp −$595	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	4.77 bp	doesn't fit	14.3 bp −$143	doesn't fit	doesn't fit

ENA price on every exchange

against the cheapest. Click to use as the short leg.

SunX0.2050cheapest

Variational Omni0.2094+2.131%

Extended0.2098+2.355%Paradex0.2099+2.366%Popdex0.2099+2.385%Gate0.2099+2.390%Bitget0.2099+2.390%01 Exchange0.2099+2.400%Aster0.2099+2.403%Pacifica0.2100+2.414%Arcus0.2100+2.434%Ondo Perps0.2100+2.454%SoDEX0.2101+2.483%Phemex0.2101+2.483%BloFin0.2101+2.483%Hyperliquid0.2101+2.488%Polymarket Perps0.2101+2.488%Reya0.2101+2.490%Nado0.2101+2.493%OKX0.2101+2.493%dYdX0.2101+2.496%Bybit0.2101+2.497%MEXC0.2101+2.502%Binance0.2101+2.507%BingX0.2102+2.507%Aevo0.2102+2.513%KuCoin0.2102+2.527%Lighter0.2102+2.536%Kraken Futures0.2102+2.546%Deribit0.2102+2.546%Orderly0.2103+2.561%GMX0.2103+2.563%Backpack0.2103+2.571%gTrade (Gains Network)0.2103+2.575%Coinbase International0.2103+2.600%HTX0.2104+2.639%ApeX Omni0.2106+2.727%edgeX0.2109+2.857%Bulk0.2113+3.058%

Phoenix0.2114+3.117%

Injective0.2123+3.575%

ENA on 41 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
SunX ENA-USDT	−3.023%	+0.0100%	4h	$1K	$781K	20x	as long as short
Variational Omni ENAshort	−0.956%	+0.0100%	4h	$3.6M	$9.9M	—
Extended ENA-USD	−0.739%	+0.0104%	1h	$1.7M	$4.2M	50x	as long as short
Paradex ENA-USD-PERP	−0.728%	+0.0100%	8h	$47K	$221	10x	as long as short
Popdex ENAUSDT	−0.710%	+0.0096%	1h	$56K	$572K	50x	as long as short
Gate ENA_USDT	−0.705%	+0.0100%	4h	$10.5M	$23.4M	50x	as long as short
Bitget ENAUSDT	−0.705%	+0.0062%	4h	$47.8M	$67.1M	75x	as long as short
01 Exchange ENAUSD	−0.695%	−0.0064%	1h	$4K	$432	10x	as long as short
Aster ENAUSDT	−0.692%	+0.0100%	4h	$1.6M	$3.1M	50x	as long as short
Pacifica ENA	−0.682%	+0.0100%	1h	$403K	$643K	10x	as long as short

Show all 41 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Arcus ENA-USD	−0.662%	+0.0100%	1h	$84K	$219K	10x	as long as short
Ondo Perps ENA-USD.P	−0.643%	+0.0100%	1h	$20K	$473K	5x	as long as short
SoDEX ENA-USD	−0.615%	+0.0100%	1h	$4K	$15K	10x	as long as short
Phemex ENAUSDT	−0.615%	+0.0098%	4h	$1.8M	$9.5M	50x	as long as short
BloFin ENA-USDT	−0.615%	+0.0340%	4h	$5.7M	$8.3M	75x	as long as short
Hyperliquid ENA	−0.610%	+0.0100%	1h	$109.0M	$82.7M	10x	as long as short
Polymarket Perps ENA-USD	−0.610%	+0.0100%	1h	$182K	$3.4M	10x	as long as short
Reya ENARUSDPERP	−0.608%	+0.0412%	1h	$1K	$5K	15x	as long as short
Nado ENA-PERP	−0.605%	+0.0100%	1h	$644K	$1.8M	10x	as long as short
OKX ENA-USDT-SWAP	−0.605%	+0.0100%	4h	$20.2M	$121.6M	50x	as long as short
dYdX ENA-USD	−0.602%	+1.2105%	1h	$139K	$12K	5x	as long as short
Bybit ENAUSDT	−0.601%	+0.0100%	4h	$88.6M	$202.3M	50x	as long as short
MEXC ENA_USDT	−0.596%	+0.0100%	4h	$44.7M	$52.7M	200x	as long as short
Binance ENAUSDT	−0.592%	+0.0100%	4h	$129.9M	$483.9M	75x	as long as short
BingX ENA-USDT	−0.591%	+0.0100%	4h	—	$34.0M	—	as long as short
Aevo ENA-PERP	−0.586%	+0.0104%	1h	$77K	$11K	3x	as long as short
KuCoin ENAUSDTM	−0.572%	+0.0100%	4h	$23.2M	$17.2M	75x	as long as short
Lighter ENA	−0.563%	+0.0480%	1h	$5.8M	$13.7M	10x	as long as short
Kraken Futures PF_ENAUSD	−0.554%	−0.0226%	1h	$2.6M	$6.5M	50x	as long as short
Deribit ENA_USDC-PERPETUAL	−0.553%	0.0000%	1h	$93K	$2.1M	50x	as long as short
Orderly PERP_ENA_USDC	−0.539%	−0.0157%	4h	$42K	$22K	10x	as long as short
GMX ENA/USD [ETH-USDC]	−0.537%	L +0.0144% / S −0.0172%	1h	$38K	—	100x	as long as short
Backpack ENA_USDC_PERP	−0.530%	−0.0635%	1h	$363K	$502K	5x	as long as short
gTrade (Gains Network) ENA/USD	−0.525%	L +0.0003% / S −0.0003%	1h	$86K	—	150x	as long as short
Coinbase International ENA-PERP-INTX	−0.501%	+0.0536%	1h	$802K	$2.2M	50x	as long as short
HTX ENA-USDT	−0.464%	+0.0100%	4h	$272K	$1.8M	50x	as long as short
ApeX Omni ENAUSDT	−0.378%	+0.0100%	1h	$21K	$707K	50x	as long as short
edgeX ENAUSDC	−0.252%	+0.0100%	4h	$253K	$8.3M	20x	as long as short
Bulk ENA-USD	−0.057%	+0.0100%	1h	$89K	$1K	10x	as long as short
Phoenix ENAlong	0.000%	+0.0076%	1h	$5K	$389K	10x
Injective ENA/USDC PERP	+0.445%	−0.0223%	1h	$522	$57K	5.5x	as long as short