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

ENA

all ENA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0033%/8h= +3.6% APRnext payment +$0.04 per $10,000 · paid last 24h +0.036%
Price spread now: Injective against 01 Exchange+1.681%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 feesneeds both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Injective is 1.681% dearer against 01 Exchange than usual: you sell high and buy low: +$168 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange ENAUSD0.20880get 0.0000% / 1h8m 27s$4K$43210x
ShortInjective ENA/USDC PERP0.21230.0033get 0.0004% / 1h8m 27s$522$57K5.5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective 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
$7
Price spread: +1.681% → 0.000%
$168.08
Slippage, 4 orders
no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
$168.06
Costs to cover
0.070%
Break-even
from the start
Slippage unknown: 01 Exchange: no order-book sample; Injective: 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 01 Exchange no order-book sample
Sell Injective no order-book sample
01 Exchange and Injective: 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
Backpack ENA_USDC_PERP−0.0283%1h0.2091+0.134%$361K$483K5xas long as short
Orderly PERP_ENA_USDC−0.0080%4h0.2087−0.072%$41K$23K10xas long as short
01 Exchange ENAUSDlong0.0000%1h0.2088long leg$4K$43210x
Deribit ENA_USDC-PERPETUAL0.0000%1h0.2092+0.172%$93K$1.8M50xas long as short
gTrade (Gains Network) ENA/USDL +0.0003% / S −0.0003%1h0.2088−0.011%$96K150xas long as short
Injective ENA/USDC PERPshort+0.0033%1h0.2123+1.681%$522$57K5.5x
Phoenix ENA+0.0076%1h0.2094+0.297%$5K$394K10xas long as short
Gate ENA_USDT+0.0078%4h0.2087−0.038%$10.4M$21.8M50xas long as short
Popdex ENAUSDT+0.0096%1h0.2087−0.062%$59K$538K50xas long as short
Paradex ENA-USD-PERP+0.0100%8h0.2089+0.028%$47K$22110xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado ENA-PERP+0.0100%1h0.2089+0.041%$655K$1.8M10xas long as short
Aster ENAUSDT+0.0100%4h0.2090+0.072%$1.5M$3.3M50xas long as short
Pacifica ENA+0.0100%1h0.2090+0.065%$404K$592K10xas long as short
Binance ENAUSDT+0.0100%4h0.2087−0.048%$128.5M$465.3M75xas long as short
Bybit ENAUSDT+0.0100%4h0.2087−0.062%$86.9M$193.4M50xas long as short
OKX ENA-USDT-SWAP+0.0100%4h0.2088−0.024%$20.1M$113.1M50xas long as short
Ondo Perps ENA-USD.P+0.0100%1h0.2088−0.019%$19K$417K5xas long as short
Arcus ENA-USD+0.0100%1h0.2091+0.129%$82K$223K10xas long as short
Bulk ENA-USD+0.0100%1h0.2087−0.069%$88K$2K10xas long as short
MEXC ENA_USDT+0.0100%4h0.2087−0.043%$45.4M$49.4M200xas long as short
KuCoin ENAUSDTM+0.0100%4h0.2089+0.029%$23.9M$16.7M75xas long as short
Bitget ENAUSDT+0.0100%4h0.2088−0.019%$47.2M$65.8M75xas long as short
BingX ENA-USDT+0.0100%4h0.2088−0.034%$32.1Mas long as short
Variational Omni ENA+0.0100%4h0.2085−0.134%$3.8M$10.4Mas long as short
edgeX ENAUSDC+0.0100%4h0.2087−0.073%$248K$7.9M20xas long as short
GRVT ENA_USDT_Perp+0.0100%4h0.2087−0.083%$349K$4.6M10xas long as short
ApeX Omni ENAUSDT+0.0100%1h0.2088−0.014%$32K$711K50xas long as short
Polymarket Perps ENA-USD+0.0100%1h0.20880.000%$182K$2.9M10xas long as short
SunX ENA-USDT+0.0100%4h0.2040−2.308%$906$811K20xas long as short
SoDEX ENA-USD+0.0100%1h0.2091+0.129%$4K$14K10xas long as short
HTX ENA-USDT+0.0100%4h0.2099+0.508%$272K$1.5M50xas long as short
Phemex ENAUSDT+0.0100%4h0.2090+0.081%$1.9M$9.3M50xas long as short
Aevo ENA-PERP+0.0104%1h0.2091+0.128%$77K$11K3xas long as short
Kraken Futures PF_ENAUSD+0.0104%1h0.2092+0.174%$2.6M$5.8M50xas long as short
Extended ENA-USD+0.0184%1h0.2089+0.013%$1.6M$4.2M50xas long as short
GMX ENA/USD [ETH-USDC]L +0.0215% / S −0.0164%1h0.2087−0.041%$50K100xas long as short
Lighter ENA+0.0296%1h0.2092+0.192%$5.6M$13.2M10xas long as short
BloFin ENA-USDT+0.0340%4h0.2091+0.105%$5.5M$8.1M75xas long as short
Hyperliquid ENA+0.0348%1h0.2090+0.091%$110.2M$80.1M10xas long as short
Reya ENARUSDPERP+0.0412%1h0.2087−0.056%$1K$5K15xas long as short
Coinbase International ENA-PERP-INTX+0.0536%1h0.2090+0.062%$800K$2.1M50xas long as short
dYdX ENA-USD+0.5218%1h0.2091+0.107%$138K$15K5xas long as short