ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0412%/8h= +45.1% APRnext payment +$0.52 per $10,000 · paid last 24h +0.168%

Price spread now: Lighter against Arcus+0.076%7-day average +0.088% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$290.286% of the position

Long on Arcus Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.428%+$43 on $10k

Price spread, last 4 days (all we have)+0.154%+$15 · spread now +0.076%, 7d avg +0.088%

Together, before fees+0.581%+ Points / potential airdropLighter: Season 3 · farm board+$58 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.088%, so right now this pair is about funding alone: +$12 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	0.2094	0.0100	pay 0.0013% / 1h	22m 20s	$82K	$222K	10x
Short	Lighter ENA	0.2096	0.0512	get 0.0064% / 1h	22m 20s	$5.6M	$12.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.076%Rate

Funding earned: $86.52
Price spread: +0.076% → +0.088%: −$1.15
Slippage, 4 orders: −$24.08
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Lighter: 0 bp × 2 orders: $0
Net: $56.8
Costs to cover: 0.286%
Break-even: 2.4 days

Slippage from Arcus: live order book, 61 min ago; Lighter: live order book, 6 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, 61 min ago	9.48 bp	12.5 bp −$12	23.8 bp −$238	doesn't fit	doesn't fit
Sell Lighter live order book, 6 min ago	0.48 bp	1.3 bp −$1	4.8 bp −$48	203.0 bp −$20.3K	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
Backpack ENA_USDC_PERP	−0.0072%	1h	0.2092	−0.086%	$361K	$447K	5x	as long as short
Orderly PERP_ENA_USDC	−0.0053%	4h	0.2096	+0.110%	$41K	$24K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2092	−0.105%	$92K	$1.8M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2096	+0.096%	$101K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+1.404%	$522	$57K	5.5x	as long as short
Kraken Futures PF_ENAUSD	+0.0066%	1h	0.2093	−0.044%	$2.6M	$5.5M	50x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2094	0.000%	$61K	$531K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2093	−0.044%	$47K	$221	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2093	−0.045%	$659K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2094	−0.001%	$1.5M	$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	0.2093	−0.033%	$405K	$578K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2097	+0.129%	$129.3M	$456.4M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2096	+0.086%	$87.2M	$191.0M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2096	+0.096%	$20.2M	$111.5M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2093	−0.062%	$15K	$401K	5x	as long as short
Arcus ENA-USDlong	+0.0100%	1h	0.2094	long leg	$82K	$222K	10x
Bulk ENA-USD	+0.0100%	1h	0.2088	−0.263%	$88K	$500	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2095	+0.033%	$10.5M	$21.3M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2095	+0.029%	$45.8M	$46.9M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2095	+0.072%	$23.9M	$16.5M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2093	−0.029%	$47.3M	$64.9M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2096	+0.110%	—	$32.8M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2089	−0.225%	$3.8M	$10.3M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2093	−0.068%	$248K	$7.8M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2094	0.000%	$354K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2094	0.000%	$32K	$711K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2095	+0.067%	$181K	$2.7M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2042	−2.498%	$835	$815K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2092	−0.096%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2095	+0.053%	$272K	$1.5M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2091	−0.143%	$1.9M	$9.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2091	−0.120%	$77K	$11K	3x	as long as short
Phoenix ENA	+0.0115%	1h	0.2091	−0.124%	$5K	$356K	10x	as long as short
01 Exchange ENAUSD	+0.0128%	1h	0.2095	+0.053%	$4K	$432	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0237% / S −0.0404%	1h	0.2095	+0.059%	$38K	—	100x	as long as short
Extended ENA-USD	+0.0320%	1h	0.2093	−0.059%	$1.6M	$4.2M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2092	−0.119%	$5.5M	$8.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2094	+0.013%	$1K	$5K	15x	as long as short
Lighter ENAshort	+0.0512%	1h	0.2096	+0.076%	$5.6M	$12.9M	10x
Coinbase International ENA-PERP-INTX	+0.0576%	1h	0.2097	+0.167%	$806K	$2.1M	50x	as long as short
Hyperliquid ENA	+0.0582%	1h	0.2098	+0.191%	$110.8M	$78.9M	10x	as long as short
dYdX ENA-USD	+0.1963%	1h	0.2091	−0.138%	$138K	$15K	5x	as long as short