Funding you earn now, next payment 21:00 UTC+0.8064%/8h= +883.0% APRnext payment +$10.08 per $10,000 · paid last 24h +0.516%
Price spread now: dYdX against Coinbase International−0.137%7-day average −0.177% · you buy dearer than you sell
Net, funding: paid 7d − costs−$761as in the Funding arb table
Net, price: spread back to 7d avg − costs−$808as in the Price arb table
costs, in and out, $10k−$8128.122% of the position
Funding, last 7 days+0.511%+$51 on $10k
+Price spread, last 3 days (all we have)−0.081%−$8 · spread now −0.137%, 7d avg −0.177%
=Both sides work for this trade now. Funding pays +$242 a day on $10k at the current rate, and dYdX is 0.040% dearer against Coinbase International than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.177%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.511% in total (about 26.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$10.08 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 | Coinbase International ENA-PERP-INTX | 0.2101 | 0.0536 | pay 0.0067% / 1h | 31m 53s | $802K | $2.2M | 50x |
| Short | dYdX ENA-USD | 0.2098 | 0.8600 | get 0.1075% / 1h | 31m 53s | $139K | $15K | 5x |
Coinbase International ENA-PERP-INTX
dYdX ENA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX against Coinbase International. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $1,693.4
- Price spread: −0.137% → −0.177%
- $4.01
- Slippage, 4 orders
- −$792.22
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- $885.19
- Costs to cover
- 8.122%
- Break-even
- 3.3 days
Slippage from Coinbase International: live order book, 2 min ago; dYdX: live order book, 57 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 Coinbase International live order book, 2 min ago | 9.52 bp | 18.1 bp −$18 | 27.7 bp −$277 | doesn't fit | doesn't fit |
| Sell dYdX live order book, 57 min ago | 34.14 bp | 451.0 bp −$451 | 841.6 bp −$8,416 | 1177.0 bp −$117.7K | 1861.9 bp −$931.0K |
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 | −0.0308% | 1h | 0.2101 | +0.019% | $362K | $485K | 5x | as long as short |
| Orderly PERP_ENA_USDC | −0.0082% | 4h | 0.2099 | −0.095% | $41K | $23K | 10x | as long as short |
| 01 Exchange ENAUSD | −0.0032% | 1h | 0.2099 | −0.095% | $4K | $432 | 10x | as long as short |
| Deribit ENA_USDC-PERPETUAL | 0.0000% | 1h | 0.2100 | −0.052% | $97K | $1.9M | 50x | as long as short |
| gTrade (Gains Network) ENA/USD | L +0.0003% / S −0.0003% | 1h | 0.2100 | −0.038% | $96K | — | 150x | as long as short |
| Gate ENA_USDT | +0.0016% | 4h | 0.2100 | −0.052% | $10.4M | $21.5M | 50x | as long as short |
| Injective ENA/USDC PERP | +0.0033% | 1h | 0.2123 | +1.076% | $522 | $57K | 5.5x | as long as short |
| Phoenix ENA | +0.0076% | 1h | 0.2095 | −0.252% | $5K | $394K | 10x | as long as short |
| Popdex ENAUSDT | +0.0096% | 1h | 0.2098 | −0.133% | $59K | $541K | 50x | as long as short |
| Paradex ENA-USD-PERP | +0.0100% | 8h | 0.2098 | −0.130% | $47K | $221 | 10x | as long as short |
Backpack ENA_USDC_PERP
Orderly PERP_ENA_USDC
01 Exchange ENAUSD
Deribit ENA_USDC-PERPETUAL
gTrade (Gains Network) ENA/USD
Gate ENA_USDT
Injective ENA/USDC PERP
Phoenix ENA
Popdex ENAUSDT
Paradex ENA-USD-PERPShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado ENA-PERP | +0.0100% | 1h | 0.2098 | −0.124% | $658K | $1.8M | 10x | as long as short |
| Aster ENAUSDT | +0.0100% | 4h | 0.2102 | +0.048% | $1.5M | $3.3M | 50x | as long as short |
| Pacifica ENA | +0.0100% | 1h | 0.2099 | −0.078% | $403K | $585K | 10x | as long as short |
| Binance ENAUSDT | +0.0100% | 4h | 0.2100 | −0.017% | $129.5M | $467.5M | 75x | as long as short |
| Bybit ENAUSDT | +0.0100% | 4h | 0.2100 | −0.052% | $87.7M | $194.0M | 50x | as long as short |
| OKX ENA-USDT-SWAP | +0.0100% | 4h | 0.2101 | −0.010% | $20.3M | $114.4M | 50x | as long as short |
| Ondo Perps ENA-USD.P | +0.0100% | 1h | 0.2091 | −0.490% | $19K | $433K | 5x | as long as short |
| Arcus ENA-USD | +0.0100% | 1h | 0.2099 | −0.086% | $82K | $223K | 10x | as long as short |
| Bulk ENA-USD | +0.0100% | 1h | 0.2094 | −0.324% | $88K | $2K | 10x | as long as short |
| MEXC ENA_USDT | +0.0100% | 4h | 0.2101 | 0.000% | $44.6M | $48.8M | 200x | as long as short |
| KuCoin ENAUSDTM | +0.0100% | 4h | 0.2101 | +0.029% | $24.3M | $16.6M | 75x | as long as short |
| Bitget ENAUSDT | +0.0100% | 4h | 0.2098 | −0.133% | $47.5M | $66.7M | 75x | as long as short |
| BingX ENA-USDC | +0.0100% | 4h | 0.2100 | −0.029% | — | $6.5M | — | as long as short |
| Variational Omni ENA | +0.0100% | 4h | 0.2092 | −0.420% | $3.6M | $10.1M | — | as long as short |
| edgeX ENAUSDC | +0.0100% | 4h | 0.2093 | −0.360% | $249K | $8.0M | 20x | as long as short |
| GRVT ENA_USDT_Perp | +0.0100% | 4h | 0.2094 | −0.344% | $359K | $4.6M | 10x | as long as short |
| ApeX Omni ENAUSDT | +0.0100% | 1h | 0.2093 | −0.371% | $32K | $713K | 50x | as long as short |
| Polymarket Perps ENA-USD | +0.0100% | 1h | 0.2101 | −0.005% | $182K | $3.0M | 10x | as long as short |
| SunX ENA-USDT | +0.0100% | 4h | 0.2049 | −2.480% | $1K | $806K | 20x | as long as short |
| SoDEX ENA-USD | +0.0100% | 1h | 0.2099 | −0.086% | $4K | $14K | 10x | as long as short |
| HTX ENA-USDT | +0.0100% | 4h | 0.2101 | +0.010% | $272K | $1.6M | 50x | as long as short |
| Phemex ENAUSDT | +0.0100% | 4h | 0.2100 | −0.038% | $1.9M | $9.3M | 50x | as long as short |
| Kraken Futures PF_ENAUSD | +0.0104% | 1h | 0.2100 | −0.037% | $2.7M | $5.8M | 50x | as long as short |
| Extended ENA-USD | +0.0104% | 1h | 0.2101 | −0.009% | $1.6M | $4.2M | 50x | as long as short |
| Aevo ENA-PERP | +0.0104% | 1h | 0.2099 | −0.090% | $77K | $11K | 3x | as long as short |
| GMX ENA/USD [ETH-USDC] | L +0.0213% / S −0.0161% | 1h | 0.2100 | −0.060% | $50K | — | 100x | as long as short |
| Lighter ENA | +0.0288% | 1h | 0.2102 | +0.057% | $5.7M | $13.1M | 10x | as long as short |
| Hyperliquid ENA | +0.0305% | 1h | 0.2103 | +0.105% | $111.0M | $80.9M | 10x | as long as short |
| BloFin ENA-USDT | +0.0340% | 4h | 0.2098 | −0.119% | $5.5M | $8.1M | 75x | as long as short |
| Reya ENARUSDPERP | +0.0412% | 1h | 0.2099 | −0.071% | $1K | $5K | 15x | as long as short |
| Coinbase International ENA-PERP-INTXlong | +0.0536% | 1h | 0.2101 | long leg | $802K | $2.2M | 50x | |
| dYdX ENA-USDshort | +0.8600% | 1h | 0.2098 | −0.137% | $139K | $15K | 5x |
Nado ENA-PERP
Aster ENAUSDT
Pacifica ENA
Binance ENAUSDT
Bybit ENAUSDT
OKX ENA-USDT-SWAP
Ondo Perps ENA-USD.P
Arcus ENA-USD
Bulk ENA-USD
MEXC ENA_USDT
KuCoin ENAUSDTM
Bitget ENAUSDT
BingX ENA-USDC
Variational Omni ENA
edgeX ENAUSDC
GRVT ENA_USDT_Perp
ApeX Omni ENAUSDT
Polymarket Perps ENA-USD
SunX ENA-USDT
SoDEX ENA-USD
HTX ENA-USDT
Phemex ENAUSDT
Kraken Futures PF_ENAUSD
Extended ENA-USD
Aevo ENA-PERP
GMX ENA/USD [ETH-USDC]
Lighter ENA
Hyperliquid ENA
BloFin ENA-USDT
Reya ENARUSDPERP