Funding you earn now, next payment 22:00 UTC−0.0416%/8h= −45.6% APRpaid last 24h −0.037%
Price spread now: Backpack against Variational Omni+0.350%7-day average +0.023% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.087%+$9 on $10k
+Price spread, last 4 days (all we have)−1.058%−$106 · spread now +0.350%, 7d avg +0.023%
=Together, before fees−0.971%+ Points / potential airdropVariational Omni: Active · farm board−$97 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Backpack is 0.327% dearer against Variational Omni than usual: you sell high and buy low (spread +0.350% now, against its 7-day average of +0.023%): +$33 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 2.6 days. Mind the row above: over the last 3 days funding on this pair paid +0.087%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.087% in total (about 9.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni ENA | 0.2092 | 0.0100 | pay 0.0050% / 4h | 2h 32m | $3.6M | $10.1M | — |
| Short | Backpack ENA_USDC_PERP | 0.2099 | −0.0316 | pay 0.0040% / 1h | 32m 40s | $361K | $485K | 5x |
Variational Omni ENA
Backpack ENA_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Variational Omni. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$87.46
- Price spread: +0.350% → +0.023%
- $32.72
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$64.74
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Backpack: live order book, 56 min ago. Net counts fees only.
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 Variational Omni RFQ quote, 2 min ago | 4.78 bp | doesn't fit | 14.3 bp −$143 | 57.3 bp −$5,731 | doesn't fit |
| Sell Backpack live order book, 56 min ago | 1.64 bp | 8.6 bp −$9 | 41.9 bp −$419 | doesn't fit | doesn't fit |
ENA on 42 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Backpack ENA_USDC_PERPshort | −0.0316% | 1h | 0.2099 | +0.350% | $361K | $485K | 5x | |
| Orderly PERP_ENA_USDC | −0.0082% | 4h | 0.2097 | +0.254% | $41K | $23K | 10x | as long as short |
| 01 Exchange ENAUSD | −0.0032% | 1h | 0.2099 | +0.326% | $4K | $432 | 10x | as long as short |
| Deribit ENA_USDC-PERPETUAL | 0.0000% | 1h | 0.2099 | +0.331% | $97K | $1.9M | 50x | as long as short |
| gTrade (Gains Network) ENA/USD | L +0.0003% / S −0.0003% | 1h | 0.2098 | +0.300% | $96K | — | 150x | as long as short |
| Gate ENA_USDT | +0.0016% | 4h | 0.2098 | +0.288% | $10.4M | $21.5M | 50x | as long as short |
| Injective ENA/USDC PERP | +0.0033% | 1h | 0.2123 | +1.502% | $522 | $57K | 5.5x | as long as short |
| Phoenix ENA | +0.0076% | 1h | 0.2095 | +0.168% | $5K | $394K | 10x | as long as short |
| Popdex ENAUSDT | +0.0096% | 1h | 0.2098 | +0.288% | $59K | $541K | 50x | as long as short |
| Paradex ENA-USD-PERP | +0.0100% | 8h | 0.2098 | +0.291% | $47K | $221 | 10x | as long as short |
Orderly PERP_ENA_USDC
01 Exchange ENAUSD
Deribit ENA_USDC-PERPETUAL
gTrade (Gains Network) ENA/USD
Gate ENA_USDT
Injective ENA/USDC PERP
Phoenix ENA
Popdex ENAUSDT
Paradex ENA-USD-PERPShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado ENA-PERP | +0.0100% | 1h | 0.2097 | +0.234% | $658K | $1.8M | 10x | as long as short |
| Aster ENAUSDT | +0.0100% | 4h | 0.2099 | +0.335% | $1.5M | $3.3M | 50x | as long as short |
| Pacifica ENA | +0.0100% | 1h | 0.2099 | +0.343% | $403K | $585K | 10x | as long as short |
| Binance ENAUSDT | +0.0100% | 4h | 0.2099 | +0.336% | $129.4M | $467.1M | 75x | as long as short |
| Bybit ENAUSDT | +0.0100% | 4h | 0.2099 | +0.321% | $87.8M | $193.3M | 50x | as long as short |
| OKX ENA-USDT-SWAP | +0.0100% | 4h | 0.2099 | +0.321% | $20.3M | $114.2M | 50x | as long as short |
| Ondo Perps ENA-USD.P | +0.0100% | 1h | 0.2091 | −0.071% | $19K | $433K | 5x | as long as short |
| Arcus ENA-USD | +0.0100% | 1h | 0.2099 | +0.336% | $82K | $223K | 10x | as long as short |
| Bulk ENA-USD | +0.0100% | 1h | 0.2094 | +0.097% | $88K | $2K | 10x | as long as short |
| MEXC ENA_USDT | +0.0100% | 4h | 0.2099 | +0.326% | $44.7M | $48.8M | 200x | as long as short |
| KuCoin ENAUSDTM | +0.0100% | 4h | 0.2100 | +0.374% | $24.3M | $16.6M | 75x | as long as short |
| Bitget ENAUSDT | +0.0100% | 4h | 0.2097 | +0.254% | $47.5M | $66.5M | 75x | as long as short |
| BingX ENA-USDC | +0.0100% | 4h | 0.2098 | +0.302% | — | $6.5M | — | as long as short |
| Variational Omni ENAlong | +0.0100% | 4h | 0.2092 | long leg | $3.6M | $10.1M | — | |
| edgeX ENAUSDC | +0.0100% | 4h | 0.2093 | +0.060% | $249K | $8.0M | 20x | as long as short |
| GRVT ENA_USDT_Perp | +0.0100% | 4h | 0.2094 | +0.076% | $359K | $4.6M | 10x | as long as short |
| ApeX Omni ENAUSDT | +0.0100% | 1h | 0.2093 | +0.049% | $32K | $713K | 50x | as long as short |
| Polymarket Perps ENA-USD | +0.0100% | 1h | 0.2099 | +0.331% | $181K | $3.0M | 10x | as long as short |
| SunX ENA-USDT | +0.0100% | 4h | 0.2047 | −2.126% | $1K | $807K | 20x | as long as short |
| SoDEX ENA-USD | +0.0100% | 1h | 0.2098 | +0.288% | $4K | $14K | 10x | as long as short |
| HTX ENA-USDT | +0.0100% | 4h | 0.2100 | +0.384% | $272K | $1.6M | 50x | as long as short |
| Phemex ENAUSDT | +0.0100% | 4h | 0.2098 | +0.288% | $1.9M | $9.3M | 50x | as long as short |
| Kraken Futures PF_ENAUSD | +0.0104% | 1h | 0.2099 | +0.355% | $2.7M | $5.8M | 50x | as long as short |
| Extended ENA-USD | +0.0104% | 1h | 0.2098 | +0.290% | $1.6M | $4.2M | 50x | as long as short |
| Aevo ENA-PERP | +0.0104% | 1h | 0.2098 | +0.284% | $77K | $11K | 3x | as long as short |
| GMX ENA/USD [ETH-USDC] | L +0.0213% / S −0.0161% | 1h | 0.2098 | +0.297% | $50K | — | 100x | as long as short |
| Lighter ENA | +0.0288% | 1h | 0.2101 | +0.441% | $5.7M | $13.1M | 10x | as long as short |
| Hyperliquid ENA | +0.0302% | 1h | 0.2101 | +0.444% | $110.9M | $80.8M | 10x | as long as short |
| BloFin ENA-USDT | +0.0340% | 4h | 0.2098 | +0.302% | $5.5M | $8.1M | 75x | as long as short |
| Reya ENARUSDPERP | +0.0412% | 1h | 0.2097 | +0.250% | $1K | $5K | 15x | as long as short |
| Coinbase International ENA-PERP-INTX | +0.0536% | 1h | 0.2101 | +0.422% | $802K | $2.2M | 50x | as long as short |
| dYdX ENA-USD | +0.8600% | 1h | 0.2098 | +0.284% | $139K | $15K | 5x | as long as short |
Nado ENA-PERP
Aster ENAUSDT
Pacifica ENA
Binance ENAUSDT
Bybit ENAUSDT
OKX ENA-USDT-SWAP
Ondo Perps ENA-USD.P
Arcus ENA-USD
Bulk ENA-USD
MEXC ENA_USDT
KuCoin ENAUSDTM
Bitget ENAUSDT
BingX ENA-USDC
edgeX ENAUSDC
GRVT ENA_USDT_Perp
ApeX Omni ENAUSDT
Polymarket Perps ENA-USD
SunX ENA-USDT
SoDEX ENA-USD
HTX ENA-USDT
Phemex ENAUSDT
Kraken Futures PF_ENAUSD
Extended ENA-USD
Aevo ENA-PERP
GMX ENA/USD [ETH-USDC]
Lighter ENA
Hyperliquid ENA
BloFin ENA-USDT
Reya ENARUSDPERP
Coinbase International ENA-PERP-INTX
dYdX ENA-USD