ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0568%/8h= −62.2% APRnext payment −$0.71 per $10,000 · paid last 24h −0.140%

Price spread now: Popdex against Coinbase International−0.250%7-day average −0.165% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$600.602% of the position

Long on Coinbase International Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.385%−$38 on $10k

Price spread, last 4 days (all we have)−0.185%−$18 · spread now −0.250%, 7d avg −0.165%

Together, before fees−0.570%−$57 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Popdex is 0.085% cheaper against Coinbase International than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.165%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ENA-PERP-INTX	0.2117	0.0664	pay 0.0083% / 1h	41m 00s	$833K	$1.5M	50x
Short	Popdex ENAUSDT	0.2112	0.0096	get 0.0012% / 1h	41m 00s	$55K	$499K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 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 Coinbase InternationalbpFee PopdexbpOrdersPrice spread, now −0.250%Rate

Funding earned: −$119.28
Price spread: −0.250% → −0.165%: −$8.54
Slippage, 4 orders: −$43.82
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$188.05
Costs to cover: 0.602%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; Popdex: live order book, 23 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, 3 min ago	8.26 bp	21.2 bp −$21	27.9 bp −$279	doesn't fit	doesn't fit
Sell Popdex live order book, 23 min ago	2.35 bp	9.5 bp −$10	105.8 bp −$1,058	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
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2111	−0.302%	$79K	$1.3M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2113	−0.182%	$82K	—	150x	as long as short
Orderly PERP_ENA_USDC	+0.0007%	4h	0.2111	−0.316%	$44K	$27K	10x	as long as short
01 Exchange ENAUSD	+0.0024%	1h	0.2113	−0.222%	$4K	$302	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.288%	$522	$57K	5.5x	as long as short
Popdex ENAUSDTshort	+0.0096%	1h	0.2112	−0.250%	$55K	$499K	50x
Nado ENA-PERP	+0.0100%	1h	0.2112	−0.243%	$682K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2113	−0.203%	$113.6M	$71.4M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2113	−0.204%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2113	−0.181%	$413K	$516K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ENAUSDT	+0.0100%	4h	0.2111	−0.283%	$129.6M	$424.2M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2111	−0.302%	$86.6M	$176.6M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2112	−0.274%	$20.8M	$103.0M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2112	−0.231%	$19K	$376K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2114	−0.156%	$78K	$288K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2113	−0.203%	$93K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2111	−0.293%	$11.0M	$21.2M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2112	−0.274%	$45.5M	$41.8M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2112	−0.255%	$24.6M	$15.7M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2110	−0.359%	$48.1M	$58.1M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2111	−0.288%	—	$32.2M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2112	−0.250%	$374K	$363K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2112	−0.253%	$3.4M	$10.3M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2113	−0.221%	$243K	$7.3M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2115	−0.112%	$362K	$4.8M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2116	−0.061%	$32K	$648K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2114	−0.151%	$184K	$2.3M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2063	−2.555%	$1K	$842K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2111	−0.298%	$3K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2117	−0.014%	$277K	$781K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2112	−0.250%	$1.9M	$8.9M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2113	−0.184%	$47K	$110	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2111	−0.307%	$74K	$4K	3x	as long as short
dYdX ENA-USD	+0.0107%	1h	0.2115	−0.118%	$140K	$15K	5x	as long as short
Extended ENA-USD	+0.0120%	1h	0.2110	−0.359%	$1.6M	$4.1M	50x	as long as short
Phoenix ENA	+0.0150%	1h	0.2118	+0.024%	$8K	$298K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0251% / S −0.0206%	1h	0.2113	−0.203%	$50K	—	100x	as long as short
Kraken Futures PF_ENAUSD	+0.0285%	1h	0.2113	−0.208%	$2.6M	$4.3M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2110	−0.326%	$5.6M	$3.1M	75x	as long as short
Lighter ENA	+0.0384%	1h	0.2114	−0.179%	$5.5M	$13.6M	10x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2113	−0.188%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTXlong	+0.0664%	1h	0.2117	long leg	$833K	$1.5M	50x