ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.1034%/8h= +113.2% APRnext payment +$1.29 per $10,000 · paid last 24h +0.649%

Price spread now: dYdX against Arcus−0.044%7-day average −0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$136as in the Price arb table

costs, in and out, $10k−$1361.357% of the position

Long on Arcus Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.961%+$96 on $10k

Price spread, last 4 days (all we have)+0.207%+$21 · spread now −0.044%, 7d avg −0.041%

Together, before fees+1.168%+$117 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.041%, so right now this pair is about funding alone: +$31 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus ENA-USD	0.2098	0.0100	pay 0.0013% / 1h	7m 56s	$78K	$276K	10x
Short	dYdX ENA-USD	0.2097	0.1134	get 0.0142% / 1h	7m 56s	$139K	$15K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Arcus. 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 ArcusbpFee dYdXbpOrdersPrice spread, now −0.044%Rate

Funding earned: $217.04
Price spread: −0.044% → −0.041%: −$0.3
Slippage, 4 orders: −$121.21
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee dYdX: 5 bp × 2 orders: −$10
Net: $81.03
Costs to cover: 1.357%
Break-even: 4.4 days

Slippage from Arcus: live order book, 45 min ago; dYdX: live order book, 46 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 Arcus live order book, 45 min ago	4.72 bp	16.7 bp −$17	28.4 bp −$284	doesn't fit	doesn't fit
Sell dYdX live order book, 46 min ago	50.64 bp	55.6 bp −$56	373.4 bp −$3,734	712.2 bp −$71.2K	1724.6 bp −$862.3K

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	−0.0129%	4h	0.2099	+0.052%	$44K	$25K	10x	as long as short
Backpack ENA_USDC_PERP	−0.0053%	1h	0.2101	+0.133%	$358K	$400K	5x	as long as short
01 Exchange ENAUSD	0.0000%	1h	0.2098	+0.014%	$4K	$277	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2100	+0.091%	$73K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2099	+0.071%	$81K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+1.211%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2098	0.000%	$56K	$466K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2098	+0.002%	$47K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2098	−0.005%	$649K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2102	+0.200%	$114.1M	$73.8M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ENAUSDT	+0.0100%	4h	0.2101	+0.132%	$1.4M	$3.2M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2098	+0.012%	$399K	$513K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2101	+0.162%	$127.3M	$411.9M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2101	+0.148%	$84.8M	$173.9M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2102	+0.210%	$20.9M	$102.9M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2097	−0.024%	$22K	$321K	5x	as long as short
Arcus ENA-USDlong	+0.0100%	1h	0.2098	long leg	$78K	$276K	10x
Gate ENA_USDT	+0.0100%	4h	0.2099	+0.029%	$11.2M	$22.5M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2102	+0.181%	$45.5M	$41.1M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2101	+0.153%	$24.8M	$15.5M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2100	+0.091%	$47.7M	$57.4M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2099	+0.067%	—	$31.7M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2098	+0.022%	$3.0M	$10.0M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2103	+0.217%	$242K	$6.8M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2103	+0.238%	$348K	$5.0M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2103	+0.238%	$20K	$650K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2100	+0.086%	$189K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2047	−2.407%	$1K	$855K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2100	+0.095%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2102	+0.200%	$272K	$771K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2100	+0.095%	$1.7M	$8.9M	50x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2102	+0.195%	$92K	−$0	10x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2101	+0.126%	$1.6M	$4.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2100	+0.078%	$73K	$4K	3x	as long as short
Phoenix ENA	+0.0113%	1h	0.2102	+0.191%	$8K	$274K	10x	as long as short
Lighter ENA	+0.0168%	1h	0.2102	+0.176%	$5.2M	$13.3M	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0174%	1h	0.2100	+0.111%	$2.6M	$4.3M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0306% / S −0.0358%	1h	0.2100	+0.086%	$70K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2097	−0.071%	$5.5M	$3.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2099	+0.049%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0656%	1h	0.2109	+0.520%	$863K	$1.7M	50x	as long as short
dYdX ENA-USDshort	+0.1134%	1h	0.2097	−0.044%	$139K	$15K	5x