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

ENA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0060%/8h= +6.6% APRnext payment +$0.07 per $10,000 · paid last 24h +0.017%
Price spread now: SoDEX against 01 Exchange−0.120%7-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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. SoDEX is 0.120% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.120% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 6.6 days of funding at the current rate (+$2 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange ENAUSD0.21760.0040pay 0.0005% / 1h1m 52s$4K$27710x
ShortSoDEX ENA-USD0.21730.0100get 0.0013% / 1h1m 52s$4K$7K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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
$12.6
Price spread: −0.120% → 0.000%
−$11.95
Slippage, 4 orders
no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$14.35
Costs to cover
0.150%
Break-even
15.0 days
Slippage unknown: 01 Exchange: no order-book sample; SoDEX: 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 SoDEX no order-book sample
01 Exchange and SoDEX: 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−0.0141%4h0.2173−0.101%$45K$26K10xas long as short
Deribit ENA_USDC-PERPETUAL0.0000%1h0.2174−0.055%$67K$1.1M50xas long as short
gTrade (Gains Network) ENA/USDL +0.0004% / S −0.0004%1h0.2174−0.063%$84K150xas long as short
Injective ENA/USDC PERP+0.0033%1h0.2123−2.399%$522$57K5.5xas long as short
01 Exchange ENAUSDlong+0.0040%1h0.2176long leg$4K$27710x
Popdex ENAUSDT+0.0096%1h0.2175−0.028%$55K$477K50xas long as short
Nado ENA-PERP+0.0100%1h0.2176−0.002%$578K$1.8M10xas long as short
Hyperliquid ENA+0.0100%1h0.2175−0.046%$118.0M$75.9M10xas long as short
Aster ENAUSDT+0.0100%4h0.2172−0.146%$1.5M$3.3M50xas long as short
Pacifica ENA+0.0100%1h0.2172−0.144%$408K$532K10xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ENAUSDT+0.0100%4h0.2171−0.215%$131.5M$426.8M75xas long as short
Bybit ENAUSDT+0.0100%4h0.2171−0.221%$87.7M$179.2M50xas long as short
OKX ENA-USDT-SWAP+0.0100%4h0.2171−0.198%$21.7M$109.6M50xas long as short
Ondo Perps ENA-USD.P+0.0100%1h0.2173−0.120%$21K$327K5xas long as short
Arcus ENA-USD+0.0100%1h0.2175−0.028%$80K$281K10xas long as short
Bulk ENA-USD+0.0100%1h0.2172−0.169%$95K$51110xas long as short
Gate ENA_USDT+0.0100%4h0.2170−0.257%$11.5M$24.9M50xas long as short
MEXC ENA_USDT+0.0100%4h0.2171−0.221%$48.4M$42.2M200xas long as short
KuCoin ENAUSDTM+0.0100%4h0.2172−0.170%$25.3M$15.7M75xas long as short
Bitget ENAUSDT+0.0100%4h0.2169−0.317%$49.3M$59.3M75xas long as short
BingX ENA-USDT+0.0100%4h0.2171−0.202%$31.4Mas long as short
Variational Omni ENA+0.0100%4h0.2182+0.279%$3.1M$10.1Mas long as short
edgeX ENAUSDC+0.0100%4h0.2179+0.139%$257K$7.0M20xas long as short
GRVT ENA_USDT_Perp+0.0100%4h0.2179+0.144%$364K$5.0M10xas long as short
ApeX Omni ENAUSDT+0.0100%1h0.2178+0.110%$20K$650K50xas long as short
Polymarket Perps ENA-USD+0.0100%1h0.2176+0.009%$193K$2.5M10xas long as short
SunX ENA-USDT+0.0100%4h0.2121−2.528%$894$893K20xas long as short
SoDEX ENA-USDshort+0.0100%1h0.2173−0.120%$4K$7K10x
HTX ENA-USDT+0.0100%4h0.2186+0.469%$274K$806K50xas long as short
Phemex ENAUSDT+0.0100%4h0.2175−0.028%$1.8M$8.9M50xas long as short
Paradex ENA-USD-PERP+0.0100%8h0.2171−0.195%$49K$11010xas long as short
Extended ENA-USD+0.0104%1h0.2170−0.252%$1.6M$4.2M50xas long as short
Aevo ENA-PERP+0.0104%1h0.2174−0.070%$76K$4K3xas long as short
Phoenix ENA+0.0153%1h0.2176+0.032%$8K$278K10xas long as short
Kraken Futures PF_ENAUSD+0.0158%1h0.2176+0.023%$2.7M$4.3M50xas long as short
dYdX ENA-USD+0.0190%1h0.2172−0.172%$143K$16K5xas long as short
Lighter ENA+0.0240%1h0.2176+0.018%$5.2M$13.4M10xas long as short
GMX ENA/USD [ETH-USDC]L +0.0310% / S −0.0753%1h0.2174−0.074%$60K100xas long as short
BloFin ENA-USDT+0.0340%4h0.2172−0.156%$5.6M$3.2M75xas long as short
Reya ENARUSDPERP+0.0412%1h0.2175−0.028%$1K$5K15xas long as short
Backpack ENA_USDC_PERP+0.0511%1h0.2174−0.055%$398K$423K5xas long as short
Coinbase International ENA-PERP-INTX+0.0704%1h0.2178+0.092%$894K$1.8M50xas long as short