ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0178%/8h= +19.5% APRnext payment +$0.22 per $10,000 · paid last 24h −0.037%

Price spread now: Backpack against Aevo−0.029%46s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aevo Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.076%+$8 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Backpack is 0.029% cheaper against Aevo than usual: you would sell low and buy high (spread −0.029% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 13 hours of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.076% in total) that is about 2.7 days. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo ENA-PERP	0.2113	0.0104	pay 0.0013% / 1h	8m 24s	$74K	$4K	3x
Short	Backpack ENA_USDC_PERP	0.2112	0.0282	get 0.0035% / 1h	8m 24s	$392K	$437K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Aevo. 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

Position, each leg$Hold fordaysFee AevobpFee BackpackbpOrdersPrice spread, now −0.029%Rate

Funding earned: $37.36
Price spread: −0.029% → 0.000%: −$2.89
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Backpack: 5 bp × 2 orders: −$10
Net: $8.48
Costs to cover: 0.260%
Break-even: 5.4 days

Slippage unknown: Aevo: no order-book sample; Backpack: live order book, 35 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 Aevo no order-book sample	—	—	—	—	—
Sell Backpack live order book, 35 min ago	1.17 bp	9.5 bp −$10	42.0 bp −$420	doesn't fit	doesn't fit

Aevo: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ENA_USDC	−0.0101%	4h	0.2112	−0.043%	$44K	$26K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2113	+0.014%	$54K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2112	−0.013%	$81K	—	150x	as long as short
01 Exchange ENAUSD	+0.0008%	1h	0.2112	−0.005%	$4K	$277	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.511%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2112	−0.029%	$55K	$481K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2112	−0.019%	$47K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2113	+0.002%	$559K	$1.8M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2114	+0.066%	$114.4M	$75.3M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2113	+0.005%	$1.4M	$3.3M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ENA	+0.0100%	1h	0.2112	−0.010%	$400K	$542K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2113	0.000%	$128.0M	$426.3M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2111	−0.071%	$90.5M	$186.9M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2113	+0.014%	$21.1M	$107.4M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2111	−0.090%	$33K	$323K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2113	+0.018%	$78K	$281K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2122	+0.441%	$93K	$511	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2112	−0.024%	$12.5M	$26.7M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2112	−0.005%	$38.3M	$43.3M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2113	+0.023%	$24.7M	$15.7M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2111	−0.086%	$47.8M	$59.7M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2112	−0.034%	—	$31.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2119	+0.300%	$3.1M	$10.2M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2122	+0.451%	$257K	$7.1M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2122	+0.439%	$354K	$5.0M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2122	+0.444%	$19K	$647K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2113	0.000%	$184K	$2.6M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2062	−2.386%	$1K	$901K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2112	−0.029%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2117	+0.217%	$266K	$816K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2112	−0.029%	$1.8M	$8.8M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2111	−0.073%	$1.6M	$4.3M	50x	as long as short
Aevo ENA-PERPlong	+0.0104%	1h	0.2113	long leg	$74K	$4K	3x
Phoenix ENA	+0.0110%	1h	0.2120	+0.340%	$8K	$276K	10x	as long as short
Lighter ENA	+0.0160%	1h	0.2114	+0.061%	$5.0M	$13.7M	10x	as long as short
dYdX ENA-USD	+0.0244%	1h	0.2112	−0.042%	$139K	$16K	5x	as long as short
Backpack ENA_USDC_PERPshort	+0.0282%	1h	0.2112	−0.029%	$392K	$437K	5x
GMX ENA/USD [ETH-USDC]	L +0.0306% / S −0.0753%	1h	0.2113	+0.003%	$58K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2111	−0.081%	$5.6M	$3.2M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2112	−0.027%	$1K	—	15x	as long as short
Kraken Futures PF_ENAUSD	+0.0446%	1h	0.2114	+0.061%	$2.6M	$4.4M	50x	as long as short
Coinbase International ENA-PERP-INTX	+0.0616%	1h	0.2135	+1.083%	$881K	$1.8M	50x	as long as short