Funding you earn now, next payment 00:00 UTC+0.0721%/8h= +78.9% APRnext payment +$0.90 per $10,000 · paid last 24h +0.089%
Price spread now: Hyperliquid against ApeX Omni+0.118%65s7-day average +0.050% · you sell dearer than you buy
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$580.580% of the position
Funding, last 7 days+0.226%+$23 on $10k
+Price spread, last 3 days (all we have)+0.017%+$2 · spread now +0.118%, 7d avg +0.050%
=Together, before fees+0.243%+ Points / potential airdropHyperliquid: Season 2 · farm board+$24 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and Hyperliquid is 0.068% dearer against ApeX Omni than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.050%. The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.226% in total (about 11.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.90 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 | 0.2125 | 0.0100 | pay 0.0013% / 1h | 34m 25s | $32K | $711K | 50x |
| Short | Hyperliquid ENA | 0.2127 | 0.0821 | get 0.0103% / 1h | 34m 25s | $114.3M | $78.7M | 10x |
ApeX Omni ENAUSDT
Hyperliquid ENAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $151.35
- Price spread: +0.118% → +0.050%
- $6.79
- Slippage, 4 orders
- −$38.99
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $100.16
- Costs to cover
- 0.580%
- Break-even
- 2.4 days
Slippage from ApeX Omni: live order book, 44 min ago; Hyperliquid: live order book, 9 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, 44 min ago | 9.55 bp | 20.1 bp −$20 | 134.2 bp −$1,342 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 9 min ago | 0.70 bp | 8.0 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
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 | −0.0019% | 4h | 0.2123 | −0.104% | $41K | $24K | 10x | as long as short |
| Deribit ENA_USDC-PERPETUAL | 0.0000% | 1h | 0.2124 | −0.056% | $92K | $1.7M | 50x | as long as short |
| gTrade (Gains Network) ENA/USD | L +0.0003% / S −0.0003% | 1h | 0.2124 | −0.052% | $106K | — | 150x | as long as short |
| Injective ENA/USDC PERP | +0.0033% | 1h | 0.2123 | −0.075% | $522 | $57K | 5.5x | as long as short |
| Backpack ENA_USDC_PERP | +0.0059% | 1h | 0.2124 | −0.061% | $375K | $448K | 5x | as long as short |
| Popdex ENAUSDT | +0.0096% | 1h | 0.2123 | −0.094% | $63K | $523K | 50x | as long as short |
| Nado ENA-PERP | +0.0100% | 1h | 0.2125 | −0.012% | $681K | $1.8M | 10x | as long as short |
| Aster ENAUSDT | +0.0100% | 4h | 0.2125 | −0.001% | $1.5M | $3.3M | 50x | as long as short |
| Pacifica ENA | +0.0100% | 1h | 0.2125 | −0.001% | $411K | $564K | 10x | as long as short |
| Binance ENAUSDT | +0.0100% | 4h | 0.2124 | −0.070% | $131.4M | $453.3M | 75x | as long as short |
Orderly PERP_ENA_USDC
Deribit ENA_USDC-PERPETUAL
gTrade (Gains Network) ENA/USD
Injective ENA/USDC PERP
Backpack ENA_USDC_PERP
Popdex ENAUSDT
Nado ENA-PERP
Aster ENAUSDT
Pacifica ENA
Binance ENAUSDTShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ENAUSDT | +0.0100% | 4h | 0.2123 | −0.099% | $89.2M | $189.8M | 50x | as long as short |
| OKX ENA-USDT-SWAP | +0.0100% | 4h | 0.2124 | −0.061% | $20.6M | $111.5M | 50x | as long as short |
| Ondo Perps ENA-USD.P | +0.0100% | 1h | 0.2125 | −0.014% | $15K | $395K | 5x | as long as short |
| Arcus ENA-USD | +0.0100% | 1h | 0.2126 | +0.047% | $84K | $221K | 10x | as long as short |
| Bulk ENA-USD | +0.0100% | 1h | 0.2129 | +0.188% | $90K | $500 | 10x | as long as short |
| Gate ENA_USDT | +0.0100% | 4h | 0.2124 | −0.056% | $10.9M | $21.4M | 50x | as long as short |
| MEXC ENA_USDT | +0.0100% | 4h | 0.2124 | −0.042% | $46.9M | $45.5M | 200x | as long as short |
| KuCoin ENAUSDTM | +0.0100% | 4h | 0.2125 | +0.009% | $24.6M | $16.4M | 75x | as long as short |
| Bitget ENAUSDT | +0.0100% | 4h | 0.2122 | −0.146% | $48.1M | $64.1M | 75x | as long as short |
| BingX ENA-USDT | +0.0100% | 4h | 0.2124 | −0.052% | — | $32.7M | — | as long as short |
| Variational Omni ENA | +0.0100% | 4h | 0.2126 | +0.033% | $3.9M | $10.3M | — | as long as short |
| edgeX ENAUSDC | +0.0100% | 4h | 0.2125 | +0.019% | $253K | $7.6M | 20x | as long as short |
| GRVT ENA_USDT_Perp | +0.0100% | 4h | 0.2125 | 0.000% | $361K | $4.6M | 10x | as long as short |
| ApeX Omni ENAUSDTlong | +0.0100% | 1h | 0.2125 | long leg | $32K | $711K | 50x | |
| Polymarket Perps ENA-USD | +0.0100% | 1h | 0.2124 | −0.042% | $179K | $2.4M | 10x | as long as short |
| SunX ENA-USDT | +0.0100% | 4h | 0.2072 | −2.475% | $1K | $824K | 20x | as long as short |
| SoDEX ENA-USD | +0.0100% | 1h | 0.2122 | −0.141% | $4K | $14K | 10x | as long as short |
| HTX ENA-USDT | +0.0100% | 4h | 0.2130 | +0.235% | $277K | $1.4M | 50x | as long as short |
| Phemex ENAUSDT | +0.0100% | 4h | 0.2122 | −0.141% | $2.0M | $9.2M | 50x | as long as short |
| Paradex ENA-USD-PERP | +0.0100% | 8h | 0.2124 | −0.048% | $48K | $221 | 10x | as long as short |
| Aevo ENA-PERP | +0.0104% | 1h | 0.2124 | −0.056% | $78K | $11K | 3x | as long as short |
| Phoenix ENA | +0.0189% | 1h | 0.2128 | +0.160% | $7K | $347K | 10x | as long as short |
| 01 Exchange ENAUSD | +0.0192% | 1h | 0.2125 | +0.024% | $4K | $302 | 10x | as long as short |
| Kraken Futures PF_ENAUSD | +0.0241% | 1h | 0.2124 | −0.063% | $2.7M | $5.5M | 50x | as long as short |
| GMX ENA/USD [ETH-USDC] | L +0.0250% / S −0.0434% | 1h | 0.2123 | −0.075% | $38K | — | 100x | as long as short |
| Extended ENA-USD | +0.0272% | 1h | 0.2124 | −0.055% | $1.6M | $4.2M | 50x | as long as short |
| BloFin ENA-USDT | +0.0340% | 4h | 0.2122 | −0.141% | $5.6M | $7.0M | 75x | as long as short |
| Reya ENARUSDPERP | +0.0412% | 1h | 0.2123 | −0.077% | $1K | $5K | 15x | as long as short |
| Lighter ENA | +0.0552% | 1h | 0.2127 | +0.089% | $5.6M | $12.9M | 10x | as long as short |
| Coinbase International ENA-PERP-INTX | +0.0552% | 1h | 0.2132 | +0.315% | $842K | $2.1M | 50x | as long as short |
| Hyperliquid ENAshort | +0.0821% | 1h | 0.2127 | +0.118% | $114.3M | $78.7M | 10x | |
| dYdX ENA-USD | +0.1719% | 1h | 0.2124 | −0.041% | $140K | $15K | 5x | as long as short |
Bybit ENAUSDT
OKX ENA-USDT-SWAP
Ondo Perps ENA-USD.P
Arcus ENA-USD
Bulk ENA-USD
Gate ENA_USDT
MEXC ENA_USDT
KuCoin ENAUSDTM
Bitget ENAUSDT
BingX ENA-USDT
Variational Omni ENA
edgeX ENAUSDC
GRVT ENA_USDT_Perp
Polymarket Perps ENA-USD
SunX ENA-USDT
SoDEX ENA-USD
HTX ENA-USDT
Phemex ENAUSDT
Paradex ENA-USD-PERP
Aevo ENA-PERP
Phoenix ENA
01 Exchange ENAUSD
Kraken Futures PF_ENAUSD
GMX ENA/USD [ETH-USDC]
Extended ENA-USD
BloFin ENA-USDT
Reya ENARUSDPERP
Lighter ENA
Coinbase International ENA-PERP-INTX
dYdX ENA-USD