ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0422%/8h= +46.2% APRnext payment +$0.53 per $10,000 · paid last 24h +0.038%

Price spread now: Extended against Backpack−0.078%7-day average −0.080% · you buy dearer than you sell

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

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

Long on Backpack Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.017%+$2 on $10k

Price spread, last 4 days (all we have)+0.137%+$14 · spread now −0.078%, 7d avg −0.080%

Together, before fees+0.154%+ Points / potential airdropExtended: Active · farm board+$15 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.080%, so right now this pair is about funding alone: +$13 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.017% in total (about 0.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.53 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	Backpack ENA_USDC_PERP	0.2101	−0.0278	get 0.0035% / 1h	17m 03s	$362K	$484K	5x
Short	Extended ENA-USD	0.2099	0.0144	get 0.0018% / 1h	17m 03s	$1.6M	$4.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.078%Rate

Funding earned: $88.64
Price spread: −0.078% → −0.080%: $0.17
Slippage, 4 orders: −$13.56
Fee Backpack: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $60.25
Costs to cover: 0.286%
Break-even: 2.2 days

Slippage from Backpack: live order book, 7 min ago; Extended: live order book, 2 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 Backpack live order book, 7 min ago	0.24 bp	10.1 bp −$10	47.0 bp −$470	doesn't fit	doesn't fit
Sell Extended live order book, 2 min ago	0.24 bp	5.2 bp −$5	11.2 bp −$112	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
Backpack ENA_USDC_PERPlong	−0.0278%	1h	0.2101	long leg	$362K	$484K	5x
Orderly PERP_ENA_USDC	−0.0082%	4h	0.2100	−0.067%	$41K	$23K	10x	as long as short
01 Exchange ENAUSD	−0.0008%	1h	0.2100	−0.043%	$4K	$432	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2101	−0.019%	$93K	$1.8M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2100	−0.029%	$96K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+1.066%	$522	$57K	5.5x	as long as short
Gate ENA_USDT	+0.0054%	4h	0.2100	−0.067%	$10.5M	$21.7M	50x	as long as short
Phoenix ENA	+0.0076%	1h	0.2107	+0.276%	$5K	$394K	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2099	−0.095%	$60K	$539K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2100	−0.046%	$47K	$221	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado ENA-PERP	+0.0100%	1h	0.2100	−0.043%	$658K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2101	−0.011%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2101	−0.005%	$406K	$593K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2100	−0.047%	$129.5M	$466.0M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2098	−0.129%	$87.7M	$193.5M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2099	−0.081%	$20.3M	$113.9M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2100	−0.029%	$19K	$430K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2101	0.000%	$82K	$223K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2107	+0.286%	$89K	$2K	10x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2100	−0.043%	$46.0M	$49.3M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2101	−0.005%	$24.3M	$16.5M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2099	−0.109%	$47.5M	$66.3M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2100	−0.057%	—	$32.1M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2104	+0.144%	$3.8M	$10.4M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2103	+0.076%	$250K	$8.0M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2103	+0.095%	$351K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2103	+0.095%	$32K	$711K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2100	−0.067%	$183K	$3.0M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2049	−2.499%	$856	$809K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2100	−0.048%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2102	+0.071%	$273K	$1.6M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2099	−0.095%	$1.9M	$9.3M	50x	as long as short
Kraken Futures PF_ENAUSD	+0.0104%	1h	0.2101	−0.006%	$2.6M	$5.8M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2100	−0.039%	$77K	$11K	3x	as long as short
Extended ENA-USDshort	+0.0144%	1h	0.2099	−0.078%	$1.6M	$4.2M	50x
GMX ENA/USD [ETH-USDC]	L +0.0214% / S −0.0163%	1h	0.2100	−0.038%	$50K	—	100x	as long as short
Lighter ENA	+0.0328%	1h	0.2103	+0.086%	$5.7M	$13.2M	10x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2100	−0.029%	$5.5M	$8.1M	75x	as long as short
Hyperliquid ENA	+0.0351%	1h	0.2103	+0.092%	$110.9M	$80.7M	10x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2098	−0.126%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0536%	1h	0.2104	+0.124%	$803K	$2.2M	50x	as long as short
dYdX ENA-USD	+0.6068%	1h	0.2102	+0.056%	$139K	$15K	5x	as long as short