ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0137%/8h= +15.0% APRnext payment +$0.17 per $10,000 · paid last 24h +0.040%

Price spread now: Bulk against Backpack−0.397%7-day average — · you buy dearer than you sell

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

Long on Backpack Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

Funding pays, the price is against you. Bulk is 0.397% cheaper against Backpack than usual: you would sell low and buy high (spread −0.397% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$40 on $10k: about 9.6 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack ENA_USDC_PERP	0.2098	−0.0037	get 0.0005% / 1h	41m 48s	$362K	$481K	5x
Short	Bulk ENA-USD	0.2090	0.0100	get 0.0013% / 1h	41m 48s	$88K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against Backpack. 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 BackpackbpFee BulkbpOrdersPrice spread, now −0.397%Rate

Funding earned: $28.8
Price spread: −0.397% → 0.000%: −$39.66
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$27.86
Costs to cover: 0.170%
Break-even: 13.8 days

Slippage unknown: Backpack: live order book, 42 min ago; Bulk: 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 Backpack live order book, 42 min ago	0.24 bp	10.1 bp −$10	47.0 bp −$470	doesn't fit	doesn't fit
Sell Bulk no order-book sample	—	—	—	—	—

Bulk: 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
Orderly PERP_ENA_USDC	−0.0069%	4h	0.2098	−0.014%	$41K	$24K	10x	as long as short
Backpack ENA_USDC_PERPlong	−0.0037%	1h	0.2098	long leg	$362K	$481K	5x
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2099	+0.029%	$93K	$1.8M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2100	+0.060%	$96K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+1.191%	$522	$57K	5.5x	as long as short
Kraken Futures PF_ENAUSD	+0.0066%	1h	0.2099	+0.013%	$2.6M	$5.6M	50x	as long as short
01 Exchange ENAUSD	+0.0088%	1h	0.2101	+0.114%	$4K	$432	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2099	+0.029%	$59K	$538K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2099	+0.034%	$47K	$221	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2099	+0.041%	$660K	$1.8M	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	0.2100	+0.077%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2099	+0.048%	$406K	$582K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2097	−0.046%	$129.2M	$460.9M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2096	−0.105%	$87.2M	$192.0M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2098	−0.024%	$20.3M	$112.5M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2089	−0.462%	$21K	$413K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2100	+0.076%	$82K	$223K	10x	as long as short
Bulk ENA-USDshort	+0.0100%	1h	0.2090	−0.397%	$88K	$1K	10x
Gate ENA_USDT	+0.0100%	4h	0.2097	−0.052%	$10.5M	$21.2M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2098	−0.024%	$45.0M	$46.7M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2099	+0.019%	$24.0M	$16.5M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2096	−0.129%	$47.5M	$65.3M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2098	−0.024%	—	$32.9M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2089	−0.450%	$3.8M	$10.4M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2094	−0.224%	$249K	$7.8M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2095	−0.156%	$354K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2096	−0.114%	$32K	$711K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2100	+0.076%	$188K	$2.8M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2048	−2.383%	$895	$814K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2097	−0.067%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2101	+0.129%	$274K	$1.5M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2096	−0.114%	$1.9M	$9.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2098	−0.011%	$77K	$11K	3x	as long as short
Phoenix ENA	+0.0115%	1h	0.2097	−0.048%	$5K	$356K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0225% / S −0.0374%	1h	0.2099	+0.042%	$38K	—	100x	as long as short
Extended ENA-USD	+0.0280%	1h	0.2097	−0.087%	$1.6M	$4.2M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2099	+0.014%	$5.5M	$8.1M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2099	+0.021%	$1K	$5K	15x	as long as short
Lighter ENA	+0.0488%	1h	0.2100	+0.076%	$5.6M	$12.9M	10x	as long as short
Hyperliquid ENA	+0.0564%	1h	0.2101	+0.114%	$110.9M	$79.9M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0576%	1h	0.2102	+0.157%	$803K	$2.1M	50x	as long as short
dYdX ENA-USD	+0.1898%	1h	0.2098	−0.042%	$139K	$15K	5x	as long as short