ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0436%/8h= −47.7% APRnext payment −$0.54 per $10,000 · paid last 24h −0.143%

Price spread now: SoDEX against Coinbase International−0.175%7-day average — · you buy dearer than you sell

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

Long on Coinbase International Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and SoDEX is 0.175% cheaper against Coinbase International than usual: you would sell low and buy high (−$17 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	Coinbase International ENA-PERP-INTX	0.2115	0.0536	pay 0.0067% / 1h	25m 57s	$771K	$1.7M	50x
Short	SoDEX ENA-USD	0.2111	0.0100	get 0.0013% / 1h	25m 57s	$6K	$5K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.175%Rate

Funding earned: −$91.56
Price spread: −0.175% → 0.000%: −$17.5
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$127.06
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 1 min ago; SoDEX: 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 Coinbase International live order book, 1 min ago	10.17 bp	21.1 bp −$21	24.9 bp −$249	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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 exchanges

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
Phemex ENAUSDT	−0.0164%	4h	0.2110	−0.222%	$1.8M	$9.2M	50x	as long as short
Orderly PERP_ENA_USDC	−0.0115%	4h	0.2111	−0.194%	$44K	$16K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2112	−0.147%	$51K	$965K	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2111	−0.197%	$86K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2122	+0.340%	$734	$57K	5.5x	as long as short
Backpack ENA_USDC_PERP	+0.0056%	1h	0.2110	−0.236%	$407K	$424K	5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2110	−0.222%	$54K	$392K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2109	−0.281%	$47K	—	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2111	−0.184%	$552K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2110	−0.213%	$112.7M	$72.8M	10x	as long as short

Show all 42 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ENAUSDT	+0.0100%	4h	0.2109	−0.254%	$1.2M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2109	−0.268%	$379K	$455K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2108	−0.295%	$124.8M	$386.9M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2107	−0.340%	$84.7M	$175.1M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2107	−0.364%	$20.4M	$94.1M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2093	−1.012%	$43K	$285K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2110	−0.222%	$78K	$210K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2093	−1.003%	$102K	$11K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2110	−0.222%	$14.8M	$26.5M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2108	−0.312%	$43.4M	$39.0M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2109	−0.265%	$25.0M	$14.0M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2106	−0.397%	$47.7M	$52.2M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2109	−0.284%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2092	−1.059%	$2.8M	$7.2M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2092	−1.069%	$241K	$6.3M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2092	−1.055%	$348K	$4.0M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2100	−0.695%	$19K	$651K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2111	−0.175%	$134K	$2.7M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2060	−2.606%	$1K	$930K	20x	as long as short
SoDEX ENA-USDshort	+0.0100%	1h	0.2111	−0.175%	$6K	$5K	10x
HTX ENA-USDT	+0.0100%	4h	0.2112	−0.123%	$268K	$736K	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2107	−0.383%	$1.6M	$4.5M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2112	−0.149%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0153%	1h	0.2105	−0.454%	$13K	$271K	10x	as long as short
01 Exchange ENAUSD	+0.0176%	1h	0.2112	−0.147%	$4K	—	10x	as long as short
Lighter ENA	+0.0184%	1h	0.2112	−0.151%	$5.0M	$11.1M	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0193%	1h	0.2112	−0.150%	$2.6M	$2.9M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2109	−0.270%	$5.4M	$3.2M	75x	as long as short
Reya ENARUSDPERP	+0.0411%	1h	0.2111	−0.189%	$1K	—	15x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0523% / S −0.0754%	1h	0.2110	−0.209%	$58K	—	100x	as long as short
Coinbase International ENA-PERP-INTXlong	+0.0536%	1h	0.2115	long leg	$771K	$1.7M	50x
dYdX ENA-USD	+0.0542%	1h	0.2109	−0.256%	$139K	$17K	5x	as long as short