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

ENA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0092%/8h= −10.1% APRpaid last 24h −0.019%
Price spread now: 01 Exchange against Variational Omni−0.179%48s7-day average · you buy dearer than you sell
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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and 01 Exchange is 0.179% cheaper against Variational Omni than usual: you would sell low and buy high (−$18 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni ENA0.21130.0100pay 0.0050% / 4h1h 04m$3.1M$10.1M
Short01 Exchange ENAUSD0.21090.0008get 0.0001% / 1h4m 45s$4K$27710x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$19.32
Price spread: −0.179% → 0.000%
−$17.89
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$44.21
Costs to cover
0.070%
Break-even
never at this rate
Slippage unknown: Variational Omni: RFQ quote, 4 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 Variational Omni RFQ quote, 4 min ago7.10 bpdoesn't fit11.8 bp −$11849.7 bp −$4,968doesn'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
Orderly PERP_ENA_USDC−0.0099%4h0.2107−0.302%$44K$26K10xas long as short
Deribit ENA_USDC-PERPETUAL0.0000%1h0.2107−0.278%$54K$1.1M50xas long as short
gTrade (Gains Network) ENA/USDL +0.0004% / S −0.0004%1h0.2107−0.259%$81K150xas long as short
01 Exchange ENAUSDshort+0.0008%1h0.2109−0.179%$4K$27710x
Injective ENA/USDC PERP+0.0033%1h0.2123+0.498%$522$57K5.5xas long as short
Popdex ENAUSDT+0.0096%1h0.2108−0.231%$55K$481K50xas long as short
Paradex ENA-USD-PERP+0.0100%8h0.2108−0.208%$47K$11010xas long as short
Nado ENA-PERP+0.0100%1h0.2108−0.250%$558K$1.8M10xas long as short
Hyperliquid ENA+0.0100%1h0.2103−0.449%$113.8M$75.3M10xas long as short
Aster ENAUSDT+0.0100%4h0.2103−0.473%$1.4M$3.3M50xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica ENA+0.0100%1h0.2109−0.172%$399K$542K10xas long as short
Binance ENAUSDT+0.0100%4h0.2102−0.515%$127.3M$426.4M75xas long as short
Bybit ENAUSDT+0.0100%4h0.2100−0.600%$90.2M$187.0M50xas long as short
OKX ENA-USDT-SWAP+0.0100%4h0.2102−0.510%$21.0M$106.9M50xas long as short
Ondo Perps ENA-USD.P+0.0100%1h0.2111−0.103%$33K$318K5xas long as short
Arcus ENA-USD+0.0100%1h0.2108−0.231%$78K$281K10xas long as short
Bulk ENA-USD+0.0100%1h0.2122+0.428%$93K$51110xas long as short
Gate ENA_USDT+0.0100%4h0.2102−0.515%$12.5M$26.8M50xas long as short
MEXC ENA_USDT+0.0100%4h0.2102−0.534%$38.1M$43.4M200xas long as short
KuCoin ENAUSDTM+0.0100%4h0.2103−0.487%$24.6M$15.7M75xas long as short
Bitget ENAUSDT+0.0100%4h0.2100−0.619%$47.6M$59.7M75xas long as short
BingX ENA-USDT+0.0100%4h0.2101−0.548%$31.6Mas long as short
Variational Omni ENAlong+0.0100%4h0.2113long leg$3.1M$10.1M
edgeX ENAUSDC+0.0100%4h0.2113−0.005%$257K$7.1M20xas long as short
GRVT ENA_USDT_Perp+0.0100%4h0.2111−0.089%$351K$4.9M10xas long as short
ApeX Omni ENAUSDT+0.0100%1h0.2113+0.006%$19K$647K50xas long as short
Polymarket Perps ENA-USD+0.0100%1h0.2108−0.240%$182K$2.6M10xas long as short
SunX ENA-USDT+0.0100%4h0.2057−2.635%$1K$902K20xas long as short
SoDEX ENA-USD+0.0100%1h0.2105−0.373%$4K$7K10xas long as short
HTX ENA-USDT+0.0100%4h0.2113+0.006%$265K$818K50xas long as short
Phemex ENAUSDT+0.0100%4h0.2106−0.326%$1.8M$8.8M50xas long as short
Extended ENA-USD+0.0104%1h0.2100−0.605%$1.6M$4.3M50xas long as short
Aevo ENA-PERP+0.0104%1h0.2107−0.279%$74K$4K3xas long as short
Phoenix ENA+0.0110%1h0.2112−0.037%$8K$276K10xas long as short
Lighter ENA+0.0144%1h0.2104−0.420%$5.0M$13.7M10xas long as short
Backpack ENA_USDC_PERP+0.0222%1h0.2104−0.397%$390K$437K5xas long as short
dYdX ENA-USD+0.0245%1h0.2112−0.059%$139K$16K5xas long as short
GMX ENA/USD [ETH-USDC]L +0.0306% / S −0.0753%1h0.2108−0.249%$58K100xas long as short
BloFin ENA-USDT+0.0340%4h0.2106−0.340%$5.6M$3.3M75xas long as short
Reya ENARUSDPERP+0.0412%1h0.2106−0.307%$1K15xas long as short
Kraken Futures PF_ENAUSD+0.0448%1h0.2107−0.283%$2.6M$4.4M50xas long as short
Coinbase International ENA-PERP-INTX+0.0616%1h0.2135+1.071%$881K$1.8M50xas long as short