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

ENA

all ENA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%
Price spread now: Pacifica against Popdex+0.085%7-day average +0.014% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$380.383% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.003%$0 on $10k
Price spread, last 4 days (all we have)+0.039%+$4 · spread now +0.085%, 7d avg +0.014%
Together, before fees+0.037%+ Points / potential airdropPacifica: Active · farm board+$4 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.071% dearer against Popdex than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.014%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPopdex ENAUSDT0.21160.0096pay 0.0012% / 1h36m 19s$62K$524K50x
ShortPacifica ENA0.21180.0100get 0.0013% / 1h36m 19s$410K$552K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against Popdex. 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
$0.84
Price spread: +0.085% → +0.014%
$7.11
Slippage, 4 orders
−$23.91
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$30.36
Costs to cover
0.383%
Break-even
260.0 days
Slippage from Popdex: live order book, 38 min ago; Pacifica: live order book, 37 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Popdex live order book, 38 min ago4.94 bp11.2 bp −$1158.8 bp −$588doesn't fitdoesn't fit
Sell Pacifica live order book, 37 min ago0.23 bp5.2 bp −$5doesn't fitdoesn't fitdoesn't fit

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−0.0003%1h0.2120+0.175%$377K$415K5xas long as short
Deribit ENA_USDC-PERPETUAL0.0000%1h0.2116−0.005%$82K$1.7M50xas long as short
gTrade (Gains Network) ENA/USDL +0.0003% / S −0.0003%1h0.2116−0.009%$97K150xas long as short
Orderly PERP_ENA_USDC+0.0026%4h0.2115−0.028%$41K$23K10xas long as short
dYdX ENA-USD+0.0033%1h0.2119+0.141%$140K$15K5xas long as short
Injective ENA/USDC PERP+0.0033%1h0.2123+0.350%$522$57K5.5xas long as short
Popdex ENAUSDTlong+0.0096%1h0.2116long leg$62K$524K50x
Nado ENA-PERP+0.0100%1h0.2117+0.064%$674K$1.7M10xas long as short
Aster ENAUSDT+0.0100%4h0.2118+0.088%$1.5M$3.3M50xas long as short
Pacifica ENAshort+0.0100%1h0.2118+0.085%$410K$552K10x
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ENAUSDT+0.0100%4h0.2116+0.009%$131.2M$445.2M75xas long as short
Bybit ENAUSDT+0.0100%4h0.2115−0.028%$89.0M$186.3M50xas long as short
OKX ENA-USDT-SWAP+0.0100%4h0.21160.000%$20.8M$108.9M50xas long as short
Ondo Perps ENA-USD.P+0.0100%1h0.2119+0.118%$15K$399K5xas long as short
Arcus ENA-USD+0.0100%1h0.2120+0.189%$105K$242K10xas long as short
Bulk ENA-USD+0.0100%1h0.2117+0.024%$89K−$010xas long as short
Gate ENA_USDT+0.0100%4h0.2115−0.028%$10.8M$20.8M50xas long as short
MEXC ENA_USDT+0.0100%4h0.2116+0.005%$46.2M$44.2M200xas long as short
KuCoin ENAUSDTM+0.0100%4h0.2118+0.095%$24.4M$16.6M75xas long as short
Bitget ENAUSDT+0.0100%4h0.2114−0.099%$48.0M$61.7M75xas long as short
BingX ENA-USDC+0.0100%4h0.2116−0.019%$6.5Mas long as short
Variational Omni ENA+0.0100%4h0.2115−0.060%$3.8M$10.1Mas long as short
edgeX ENAUSDC+0.0100%4h0.2117+0.069%$247K$7.5M20xas long as short
GRVT ENA_USDT_Perp+0.0100%4h0.2117+0.047%$356K$4.7M10xas long as short
ApeX Omni ENAUSDT+0.0100%1h0.2118+0.095%$34K$709K50xas long as short
Polymarket Perps ENA-USD+0.0100%1h0.2116+0.005%$179K$2.4M10xas long as short
SunX ENA-USDT+0.0100%4h0.2067−2.320%$841$828K20xas long as short
SoDEX ENA-USD+0.0100%1h0.21160.000%$4K$10K10xas long as short
HTX ENA-USDT+0.0100%4h0.2119+0.161%$275K$1.3M50xas long as short
Phemex ENAUSDT+0.0100%4h0.21160.000%$1.9M$9.4M50xas long as short
Paradex ENA-USD-PERP+0.0100%8h0.2117+0.062%$47K$22110xas long as short
Aevo ENA-PERP+0.0104%1h0.21160.000%$74K$4K3xas long as short
Phoenix ENA+0.0150%1h0.2119+0.132%$7K$347K10xas long as short
01 Exchange ENAUSD+0.0224%1h0.2118+0.085%$4K$30210xas long as short
Kraken Futures PF_ENAUSD+0.0236%1h0.2117+0.060%$2.7M$5.1M50xas long as short
GMX ENA/USD [ETH-USDC]L +0.0250% / S −0.0434%1h0.2115−0.029%$38K100xas long as short
Extended ENA-USD+0.0272%1h0.2115−0.045%$1.6M$4.3M50xas long as short
BloFin ENA-USDT+0.0340%4h0.2119+0.142%$5.6M$2.8M75xas long as short
Reya ENARUSDPERP+0.0412%1h0.2115−0.044%$1K$5K15xas long as short
Lighter ENA+0.0600%1h0.2119+0.137%$5.6M$12.6M10xas long as short
Coinbase International ENA-PERP-INTX+0.0608%1h0.2120+0.180%$837K$1.8M50xas long as short
Hyperliquid ENA+0.0699%1h0.2119+0.151%$114.3M$75.3M10xas long as short