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

ENA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0609%/8h= +66.6% APRnext payment +$0.76 per $10,000 · paid last 24h +0.146%
Price spread now: Hyperliquid against 01 Exchange+0.125%7-day average · you sell dearer than you buy
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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Hyperliquid is 0.125% dearer against 01 Exchange than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange ENAUSD0.21610.0176pay 0.0022% / 1h11m 30s$4K$30210x
ShortHyperliquid ENA0.21630.0785get 0.0098% / 1h11m 30s$117.7M$74.8M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against 01 Exchange. 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
$127.8
Price spread: +0.125% → 0.000%
$12.5
Slippage, 4 orders
no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$124.29
Costs to cover
0.160%
Break-even
0.2 days
Slippage unknown: 01 Exchange: no order-book sample; Hyperliquid: live order book, 12 min ago. 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 01 Exchange no order-book sample
Sell Hyperliquid live order book, 12 min ago0.23 bp4.8 bp −$5doesn't fitdoesn't fitdoesn't fit
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
Deribit ENA_USDC-PERPETUAL0.0000%1h0.2161+0.009%$81K$1.6M50xas long as short
gTrade (Gains Network) ENA/USDL +0.0003% / S −0.0004%1h0.2159−0.059%$104K150xas long as short
Orderly PERP_ENA_USDC+0.0032%4h0.2159−0.088%$42K$23K10xas long as short
Injective ENA/USDC PERP+0.0033%1h0.2123−1.722%$522$57K5.5xas long as short
Popdex ENAUSDT+0.0096%1h0.2159−0.074%$53K$526K50xas long as short
Nado ENA-PERP+0.0100%1h0.2158−0.111%$713K$1.8M10xas long as short
Aster ENAUSDT+0.0100%4h0.2160−0.023%$1.6M$3.3M50xas long as short
Pacifica ENA+0.0100%1h0.2160−0.047%$425K$553K10xas long as short
Binance ENAUSDT+0.0100%4h0.2160−0.039%$134.8M$442.2M75xas long as short
Bybit ENAUSDT+0.0100%4h0.2158−0.111%$88.8M$186.8M50xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ENA-USDT-SWAP+0.0100%4h0.2158−0.116%$21.2M$110.4M50xas long as short
Ondo Perps ENA-USD.P+0.0100%1h0.2159−0.083%$16K$413K5xas long as short
Arcus ENA-USD+0.0100%1h0.2161+0.019%$107K$242K10xas long as short
Bulk ENA-USD+0.0100%1h0.2150−0.487%$94K$4K10xas long as short
Gate ENA_USDT+0.0100%4h0.2159−0.069%$11.0M$21.6M50xas long as short
MEXC ENA_USDT+0.0100%4h0.2159−0.065%$45.8M$44.8M200xas long as short
KuCoin ENAUSDTM+0.0100%4h0.2160−0.009%$24.8M$16.5M75xas long as short
Bitget ENAUSDT+0.0100%4h0.2158−0.102%$48.9M$61.2M75xas long as short
BingX ENA-USDT+0.0100%4h0.2159−0.083%$32.6Mas long as short
Backpack ENA_USDC_PERP+0.0100%1h0.2161+0.005%$384K$395K5xas long as short
Variational Omni ENA+0.0100%4h0.2157−0.157%$3.9M$10.1Mas long as short
edgeX ENAUSDC+0.0100%4h0.2159−0.086%$250K$7.6M20xas long as short
GRVT ENA_USDT_Perp+0.0100%4h0.2161+0.019%$366K$4.6M10xas long as short
ApeX Omni ENAUSDT+0.0100%1h0.2159−0.074%$33K$686K50xas long as short
Polymarket Perps ENA-USD+0.0100%1h0.2159−0.069%$180K$2.4M10xas long as short
SunX ENA-USDT+0.0100%4h0.2107−2.481%$1K$834K20xas long as short
SoDEX ENA-USD+0.0100%1h0.2160−0.028%$4K$10K10xas long as short
HTX ENA-USDT+0.0100%4h0.2160−0.023%$280K$1.1M50xas long as short
Phemex ENAUSDT+0.0100%4h0.2159−0.074%$1.9M$9.4M50xas long as short
Paradex ENA-USD-PERP+0.0100%8h0.2157−0.154%$48K$11010xas long as short
Aevo ENA-PERP+0.0104%1h0.2159−0.089%$76K$4K3xas long as short
dYdX ENA-USD+0.0128%1h0.2160−0.036%$143K$15K5xas long as short
Phoenix ENA+0.0150%1h0.2162+0.060%$8K$347K10xas long as short
01 Exchange ENAUSDlong+0.0176%1h0.2161long leg$4K$30210x
Kraken Futures PF_ENAUSD+0.0231%1h0.2162+0.066%$2.7M$5.1M50xas long as short
Extended ENA-USD+0.0328%1h0.2158−0.115%$1.6M$4.2M50xas long as short
GMX ENA/USD [ETH-USDC]L +0.0334% / S −0.0430%1h0.2159−0.082%$81K100xas long as short
BloFin ENA-USDT+0.0340%4h0.2160−0.005%$5.7M$2.0M75xas long as short
Reya ENARUSDPERP+0.0412%1h0.2158−0.129%$1K$5K15xas long as short
Coinbase International ENA-PERP-INTX+0.0608%1h0.2165+0.194%$857K$1.8M50xas long as short
Lighter ENA+0.0752%1h0.2162+0.065%$5.9M$13.1M10xas long as short
Hyperliquid ENAshort+0.0785%1h0.2163+0.125%$117.7M$74.8M10x