ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.7064%/8h= +773.6% APRnext payment +$8.83 per $10,000 · paid last 24h +0.648%

Price spread now: dYdX against ApeX Omni−0.037%7-day average −0.072% · you buy dearer than you sell

Net, funding: paid 7d − costs−$713as in the Funding arb table

Net, price: spread back to 7d avg − costs−$803as in the Price arb table

costs, in and out, $10k−$8078.068% of the position

Long on ApeX Omni Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.941%+$94 on $10k

Price spread, last 3 days (all we have)+0.101%+$10 · spread now −0.037%, 7d avg −0.072%

Together, before fees+1.042%+$104 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$212 a day on $10k at the current rate, and dYdX is 0.034% dearer against ApeX Omni than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.072%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.941% in total (about 49.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$8.83 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ENAUSDT	0.2110	0.0100	pay 0.0013% / 1h	25m 16s	$33K	$711K	50x
Short	dYdX ENA-USD	0.2109	0.7164	get 0.0896% / 1h	25m 16s	$139K	$15K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against ApeX 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

Position, each leg$Hold fordaysFee ApeX OmnibpFee dYdXbpOrdersPrice spread, now −0.037%Rate

Funding earned: $1,483.54
Price spread: −0.037% → −0.072%: $3.44
Slippage, 4 orders: −$786.84
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: $680.14
Costs to cover: 8.068%
Break-even: 3.8 days

Slippage from ApeX Omni: live order book, 63 min ago; dYdX: live order book, 63 min ago.

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 ApeX Omni live order book, 63 min ago	7.04 bp	15.7 bp −$16	119.7 bp −$1,197	doesn't fit	doesn't fit
Sell dYdX live order book, 63 min ago	34.14 bp	451.0 bp −$451	841.6 bp −$8,416	1177.0 bp −$117.7K	1861.9 bp −$931.0K

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
Backpack ENA_USDC_PERP	−0.0255%	1h	0.2111	+0.043%	$363K	$484K	5x	as long as short
Orderly PERP_ENA_USDC	−0.0082%	4h	0.2108	−0.114%	$41K	$23K	10x	as long as short
01 Exchange ENAUSD	−0.0024%	1h	0.2108	−0.076%	$4K	$432	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2109	−0.062%	$93K	$1.9M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2109	−0.059%	$97K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.635%	$522	$57K	5.5x	as long as short
Gate ENA_USDT	+0.0034%	4h	0.2108	−0.090%	$10.5M	$21.6M	50x	as long as short
Phoenix ENA	+0.0076%	1h	0.2104	−0.303%	$5K	$394K	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2108	−0.095%	$60K	$540K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2108	−0.107%	$47K	$221	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado ENA-PERP	+0.0100%	1h	0.2108	−0.100%	$661K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2110	+0.023%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2109	−0.066%	$407K	$595K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2108	−0.090%	$130.0M	$467.0M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2108	−0.100%	$88.0M	$193.8M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2109	−0.071%	$20.3M	$114.6M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2113	+0.133%	$19K	$432K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2109	−0.047%	$82K	$223K	10x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2108	−0.085%	$45.8M	$49.1M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2109	−0.038%	$24.4M	$16.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2107	−0.128%	$47.7M	$66.5M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2108	−0.090%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2111	+0.058%	$3.6M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2109	−0.066%	$251K	$8.0M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2110	+0.003%	$360K	$4.6M	10x	as long as short
ApeX Omni ENAUSDTlong	+0.0100%	1h	0.2110	long leg	$33K	$711K	50x
Polymarket Perps ENA-USD	+0.0100%	1h	0.2109	−0.033%	$184K	$3.0M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2057	−2.512%	$1K	$808K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2108	−0.095%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2112	+0.095%	$274K	$1.6M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2107	−0.142%	$1.9M	$9.3M	50x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2100	−0.454%	$89K	$2K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0103%	1h	0.2109	−0.051%	$2.7M	$5.8M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2108	−0.101%	$1.6M	$4.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2108	−0.080%	$77K	$11K	3x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0214% / S −0.0162%	1h	0.2108	−0.073%	$50K	—	100x	as long as short
Lighter ENA	+0.0320%	1h	0.2111	+0.043%	$5.7M	$13.2M	10x	as long as short
Hyperliquid ENA	+0.0339%	1h	0.2111	+0.057%	$111.4M	$80.9M	10x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2108	−0.090%	$5.5M	$8.2M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2108	−0.107%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0536%	1h	0.2113	+0.142%	$807K	$2.2M	50x	as long as short
dYdX ENA-USDshort	+0.7164%	1h	0.2109	−0.037%	$139K	$15K	5x