ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0374%/8h= −41.0% APRnext payment −$1.87 per $10,000 · paid last 24h −0.072%

Price spread now: Gate against BloFin−0.143%48s7-day average −0.115% · you buy dearer than you sell

Net, funding: paid 7d − costs−$107as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$600.598% of the position

Long on BloFin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.477%−$48 on $10k

Price spread, last 3 days (all we have)−0.474%−$47 · spread now −0.143%, 7d avg −0.115%

Together, before fees−0.951%−$95 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Gate is 0.028% cheaper against BloFin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.115%). Swap the legs. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ENA-USDT	0.2097	0.0340	pay 0.0170% / 4h	2h 48m	$5.6M	$8.1M	75x
Short	Gate ENA_USDT	0.2094	−0.0034	pay 0.0017% / 4h	2h 48m	$10.4M	$21.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against BloFin. 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 BloFinbpFee GatebpOrdersPrice spread, now −0.143%Rate

Funding earned: −$78.54
Price spread: −0.143% → −0.115%: −$2.85
Slippage, 4 orders: −$32.76
Fee BloFin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$141.15
Costs to cover: 0.598%
Break-even: never at this rate

Slippage from BloFin: live order book, 6 min ago; Gate: 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 BloFin live order book, 6 min ago	3.09 bp	11.0 bp −$11	16.9 bp −$169	62.9 bp −$6,295	doesn't fit
Sell Gate live order book, 6 min ago	2.14 bp	21.0 bp −$21	36.1 bp −$361	57.2 bp −$5,720	95.5 bp −$47.8K

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	−0.0425%	1h	0.2097	+0.043%	$361K	$487K	5x	as long as short
Orderly PERP_ENA_USDC	−0.0094%	4h	0.2094	−0.119%	$41K	$24K	10x	as long as short
01 Exchange ENAUSD	−0.0072%	1h	0.2095	−0.067%	$4K	$432	10x	as long as short
Gate ENA_USDTshort	−0.0034%	4h	0.2094	−0.143%	$10.4M	$21.5M	50x
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2095	−0.062%	$97K	$1.9M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2095	−0.076%	$96K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+1.278%	$522	$57K	5.5x	as long as short
Phoenix ENA	+0.0076%	1h	0.2103	+0.300%	$5K	$394K	10x	as long as short
ApeX Omni ENAUSDT	+0.0086%	1h	0.2097	+0.019%	$32K	$711K	50x	as long as short
Lighter ENA	+0.0096%	1h	0.2097	+0.029%	$5.7M	$13.1M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex ENAUSDT	+0.0096%	1h	0.2094	−0.124%	$59K	$545K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2094	−0.110%	$47K	$221	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2094	−0.138%	$654K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2095	−0.065%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2095	−0.058%	$402K	$587K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2095	−0.086%	$129.3M	$471.4M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2094	−0.114%	$87.7M	$194.4M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2095	−0.076%	$20.1M	$115.0M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2096	−0.033%	$19K	$444K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2095	−0.076%	$83K	$221K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2100	+0.162%	$89K	$2K	10x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2095	−0.081%	$45.0M	$48.5M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2096	−0.048%	$24.2M	$16.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2093	−0.167%	$47.4M	$66.9M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2094	−0.119%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2095	−0.088%	$3.6M	$10.2M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2102	+0.243%	$252K	$8.0M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2097	−0.001%	$356K	$4.6M	10x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2097	+0.005%	$182K	$3.0M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2045	−2.466%	$838	$808K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2094	−0.124%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2099	+0.129%	$272K	$1.6M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2095	−0.076%	$1.8M	$9.3M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2094	−0.132%	$1.6M	$4.1M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2095	−0.076%	$77K	$11K	3x	as long as short
Kraken Futures PF_ENAUSD	+0.0104%	1h	0.2097	+0.016%	$2.7M	$5.8M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0211% / S −0.0159%	1h	0.2095	−0.075%	$50K	—	100x	as long as short
Hyperliquid ENA	+0.0214%	1h	0.2098	+0.052%	$111.5M	$80.8M	10x	as long as short
BloFin ENA-USDTlong	+0.0340%	4h	0.2097	long leg	$5.6M	$8.1M	75x
Reya ENARUSDPERP	+0.0412%	1h	0.2094	−0.112%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0536%	1h	0.2101	+0.200%	$802K	$2.2M	50x	as long as short
dYdX ENA-USD	+0.7979%	1h	0.2097	+0.022%	$139K	$12K	5x	as long as short