ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0230%/8h= −25.2% APRnext payment −$0.29 per $10,000 · paid last 24h +0.130%

Price spread now: Reya against Backpack−0.022%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 Reya

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—+ Points / potential airdropReya: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Reya is 0.022% cheaper against Backpack than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack ENA_USDC_PERP	0.2143	0.0642	pay 0.0080% / 1h	42m 58s	$395K	$434K	5x
Short	Reya ENARUSDPERP	0.2143	0.0412	get 0.0051% / 1h	42m 58s	$1K	$5K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.022%Rate

Funding earned: −$48.38
Price spread: −0.022% → 0.000%: −$2.18
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: −$66.56
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 66 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 Backpack live order book, 66 min ago	0.71 bp	7.1 bp −$7	42.1 bp −$421	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
Orderly PERP_ENA_USDC	−0.0132%	4h	0.2143	−0.005%	$45K	$26K	10x	as long as short
01 Exchange ENAUSD	−0.0016%	1h	0.2144	+0.042%	$4K	$277	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2143	+0.019%	$67K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2144	+0.027%	$83K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−0.915%	$522	$57K	5.5x	as long as short
dYdX ENA-USD	+0.0092%	1h	0.2143	−0.006%	$142K	$16K	5x	as long as short
Lighter ENA	+0.0096%	1h	0.2145	+0.079%	$5.1M	$13.4M	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2143	0.000%	$57K	$481K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2142	−0.051%	$567K	$1.8M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2144	+0.028%	$115.5M	$76.6M	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	0.2142	−0.068%	$1.4M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2144	+0.057%	$405K	$540K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2140	−0.133%	$129.1M	$428.7M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2139	−0.177%	$85.6M	$181.6M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2139	−0.182%	$21.3M	$109.3M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2143	−0.005%	$20K	$322K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2144	+0.047%	$79K	$281K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2148	+0.246%	$94K	$511	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2140	−0.140%	$12.4M	$26.1M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2141	−0.079%	$48.4M	$42.2M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2141	−0.089%	$24.8M	$15.8M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2140	−0.140%	$48.6M	$60.2M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2140	−0.159%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2139	−0.188%	$3.1M	$10.2M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2143	−0.005%	$256K	$7.1M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2141	−0.083%	$358K	$5.1M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2146	+0.140%	$19K	$649K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2143	+0.009%	$188K	$2.6M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2094	−2.268%	$937	$899K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2142	−0.047%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2147	+0.182%	$269K	$824K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2143	0.000%	$1.8M	$8.9M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2144	+0.028%	$48K	$110	10x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2140	−0.139%	$1.6M	$4.3M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2144	+0.031%	$75K	$4K	3x	as long as short
Phoenix ENA	+0.0110%	1h	0.2142	−0.037%	$8K	$276K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0308% / S −0.0753%	1h	0.2144	+0.044%	$59K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2143	−0.005%	$5.7M	$3.2M	75x	as long as short
Reya ENARUSDPERPshort	+0.0412%	1h	0.2143	−0.022%	$1K	$5K	15x
Kraken Futures PF_ENAUSD	+0.0440%	1h	0.2144	+0.068%	$2.7M	$4.3M	50x	as long as short
Coinbase International ENA-PERP-INTX	+0.0616%	1h	0.2149	+0.294%	$887K	$1.8M	50x	as long as short
Backpack ENA_USDC_PERPlong	+0.0642%	1h	0.2143	long leg	$395K	$434K	5x