ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0312%/8h= +34.1% APRnext payment +$0.39 per $10,000 · paid last 24h +0.094%

Price spread now: Reya against Arcus−0.108%7-day average — · you buy dearer than you sell

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

Long on Arcus Short on Reya

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.108% cheaper against Arcus than usual: you would sell low and buy high (spread −0.108% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 28 hours of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus ENA-USD	0.2127	0.0100	pay 0.0013% / 1h	58m 22s	$79K	$281K	10x
Short	Reya ENARUSDPERP	0.2125	0.0412	get 0.0051% / 1h	58m 22s	$1K	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.108%Rate

Funding earned: $65.42
Price spread: −0.108% → 0.000%: −$10.82
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Reya: 3 bp × 2 orders: −$6
Net: $44.1
Costs to cover: 0.105%
Break-even: 2.3 days

Slippage unknown: Arcus: live order book, 40 min ago; Reya: no order-book sample. 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 Arcus live order book, 40 min ago	9.53 bp	12.5 bp −$13	23.9 bp −$239	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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
Bybit ENAUSDT	−0.0506%	4h	0.2132	+0.259%	$89.8M	$191.7M	50x	as long as short
Orderly PERP_ENA_USDC	−0.0082%	4h	0.2132	+0.259%	$44K	$17K	10x	as long as short
01 Exchange ENAUSD	−0.0048%	1h	0.2127	−0.019%	$4K	$277	10x	as long as short
dYdX ENA-USD	0.0000%	1h	0.2126	−0.049%	$140K	$16K	5x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2124	−0.127%	$60K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2132	+0.258%	$82K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−0.169%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2126	−0.047%	$54K	$486K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2127	−0.015%	$571K	$1.8M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2127	−0.024%	$115.4M	$75.0M	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	0.2127	+0.006%	$1.4M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2126	−0.030%	$410K	$564K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2131	+0.198%	$129.7M	$426.6M	75x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2134	+0.310%	$21.3M	$108.7M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2127	+0.024%	$33K	$313K	5x	as long as short
Arcus ENA-USDlong	+0.0100%	1h	0.2127	long leg	$79K	$281K	10x
Bulk ENA-USD	+0.0100%	1h	0.2127	−0.023%	$93K	$511	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2125	−0.094%	$13.3M	$26.6M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2125	−0.094%	$39.4M	$42.4M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2127	+0.024%	$25.0M	$15.9M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2130	+0.146%	$48.3M	$60.3M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2130	+0.160%	—	$6.5M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2125	−0.103%	$411K	$483K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2127	+0.003%	$3.1M	$9.9M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2114	−0.598%	$255K	$7.0M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2128	+0.053%	$360K	$4.7M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2115	−0.564%	$19K	$645K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2127	0.000%	$175K	$2.7M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2072	−2.572%	$1K	$912K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2124	−0.141%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2123	−0.169%	$268K	$810K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2123	−0.188%	$1.9M	$9.0M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2126	−0.027%	$48K	$110	10x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2126	−0.056%	$1.6M	$4.4M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2132	+0.222%	$75K	$4K	3x	as long as short
Lighter ENA	+0.0136%	1h	0.2128	+0.061%	$5.0M	$12.5M	10x	as long as short
Phoenix ENA	+0.0190%	1h	0.2129	+0.113%	$13K	$260K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0196%	1h	0.2125	−0.115%	$2.6M	$4.4M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0307% / S −0.0754%	1h	0.2132	+0.249%	$58K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2123	−0.169%	$5.6M	$3.4M	75x	as long as short
Reya ENARUSDPERPshort	+0.0412%	1h	0.2125	−0.108%	$1K	—	15x
Coinbase International ENA-PERP-INTX	+0.0544%	1h	0.2134	+0.334%	$802K	$2.0M	50x	as long as short