ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0743%/8h= +81.4% APRnext payment +$0.93 per $10,000 · paid last 24h +0.089%

Price spread now: Hyperliquid against Bulk−0.052%7-day average — · you buy dearer than you sell

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

Long on Bulk Short on Hyperliquid

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 airdropHyperliquid: Season 2 · farm boardneeds both histories

Funding pays, the price is against you. Hyperliquid is 0.052% cheaper against Bulk than usual: you would sell low and buy high (spread −0.052% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 6 hours of funding at the current rate (+$22 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk ENA-USD	0.2129	0.0100	pay 0.0013% / 1h	37m 14s	$90K	$500	10x
Short	Hyperliquid ENA	0.2128	0.0843	get 0.0105% / 1h	37m 14s	$114.4M	$78.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Bulk. 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 BulkbpFee HyperliquidbpOrdersPrice spread, now −0.052%Rate

Funding earned: $156.1
Price spread: −0.052% → 0.000%: −$5.17
Slippage, 4 orders: no order book: not counted
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $134.93
Costs to cover: 0.160%
Break-even: 0.9 days

Slippage unknown: Bulk: no order-book sample; Hyperliquid: live order book, 7 min ago. 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 Bulk no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 7 min ago	0.70 bp	8.0 bp −$8	doesn't fit	doesn't fit	doesn't fit

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	−0.0020%	4h	0.2124	−0.216%	$41K	$24K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2125	−0.207%	$92K	$1.7M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2125	−0.191%	$106K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−0.263%	$522	$57K	5.5x	as long as short
Backpack ENA_USDC_PERP	+0.0072%	1h	0.2130	+0.042%	$376K	$448K	5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2124	−0.235%	$63K	$523K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2124	−0.228%	$683K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2126	−0.122%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2127	−0.102%	$412K	$564K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2125	−0.208%	$131.4M	$454.3M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ENAUSDT	+0.0100%	4h	0.2124	−0.249%	$89.2M	$190.4M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2124	−0.216%	$20.6M	$111.8M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2125	−0.202%	$15K	$395K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2127	−0.094%	$84K	$221K	10x	as long as short
Bulk ENA-USDlong	+0.0100%	1h	0.2129	long leg	$90K	$500	10x
Gate ENA_USDT	+0.0100%	4h	0.2125	−0.188%	$10.9M	$21.4M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2125	−0.193%	$46.9M	$45.4M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2125	−0.174%	$24.6M	$16.4M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2123	−0.263%	$48.1M	$64.5M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2124	−0.221%	—	$32.7M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2129	+0.004%	$3.9M	$10.3M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2125	−0.197%	$253K	$7.6M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2129	+0.001%	$358K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2125	−0.188%	$32K	$710K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2125	−0.207%	$179K	$2.6M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2073	−2.626%	$1K	$824K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2124	−0.235%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2130	+0.047%	$277K	$1.5M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2124	−0.235%	$2.0M	$9.2M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2125	−0.178%	$48K	$221	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2125	−0.198%	$78K	$11K	3x	as long as short
Phoenix ENA	+0.0189%	1h	0.2128	−0.028%	$7K	$347K	10x	as long as short
01 Exchange ENAUSD	+0.0200%	1h	0.2126	−0.141%	$4K	$302	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0240%	1h	0.2126	−0.158%	$2.7M	$5.5M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0250% / S −0.0434%	1h	0.2124	−0.220%	$38K	—	100x	as long as short
Extended ENA-USD	+0.0288%	1h	0.2124	−0.245%	$1.6M	$4.2M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2124	−0.244%	$5.6M	$7.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2124	−0.240%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0552%	1h	0.2132	+0.127%	$842K	$2.1M	50x	as long as short
Lighter ENA	+0.0568%	1h	0.2127	−0.094%	$5.6M	$12.9M	10x	as long as short
Hyperliquid ENAshort	+0.0843%	1h	0.2128	−0.052%	$114.4M	$78.7M	10x
dYdX ENA-USD	+0.1750%	1h	0.2128	−0.040%	$141K	$15K	5x	as long as short