ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.032%

Price spread now: Arcus against Deribit−0.091%7-day average −0.004% · 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−$48as in the Price arb table

costs, in and out, $10k−$390.388% of the position

Long on Deribit Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.045%−$4 on $10k

Price spread, last 3 days (all we have)−0.422%−$42 · spread now −0.091%, 7d avg −0.004%

Together, before fees−0.466%−$47 on $10k · with fees, hour by hour

Funding pays, the price is against you. Arcus is 0.087% cheaper against Deribit than usual: you would sell low and buy high (spread −0.091% now, against its 7-day average of −0.004%). If the spread goes back, that is −$9 on $10k: about 2.9 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit ENA_USDC-PERPETUAL	0.2093	0	get 0.0000% / 1h	53m 40s	$93K	$1.8M	50x
Short	Arcus ENA-USD	0.2091	0.0100	get 0.0013% / 1h	53m 40s	$82K	$223K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Deribit. 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 DeribitbpFee ArcusbpOrdersPrice spread, now −0.091%Rate

Funding earned: $21
Price spread: −0.091% → −0.004%: −$8.67
Slippage, 4 orders: −$27.33
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$26.5
Costs to cover: 0.388%
Break-even: 15.8 days

Slippage from Deribit: live order book, just now; Arcus: live order book, 30 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 Deribit live order book, just now	1.91 bp	5.4 bp −$5	12.8 bp −$128	doesn't fit	doesn't fit
Sell Arcus live order book, 30 min ago	9.48 bp	12.7 bp −$13	26.6 bp −$266	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
Orderly PERP_ENA_USDC	−0.0079%	4h	0.2092	−0.038%	$40K	$24K	10x	as long as short
Deribit ENA_USDC-PERPETUALlong	0.0000%	1h	0.2093	long leg	$93K	$1.8M	50x
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2093	−0.016%	$96K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+1.457%	$522	$57K	5.5x	as long as short
01 Exchange ENAUSD	+0.0064%	1h	0.2099	+0.301%	$4K	$432	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0066%	1h	0.2093	−0.001%	$2.6M	$5.6M	50x	as long as short
Backpack ENA_USDC_PERP	+0.0071%	1h	0.2091	−0.086%	$361K	$485K	5x	as long as short
Phoenix ENA	+0.0076%	1h	0.2089	−0.191%	$5K	$356K	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2097	+0.196%	$60K	$538K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2091	−0.096%	$47K	$221	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado ENA-PERP	+0.0100%	1h	0.2095	+0.079%	$657K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2094	+0.053%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2092	−0.042%	$405K	$587K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2092	−0.044%	$128.7M	$464.3M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2091	−0.110%	$86.9M	$193.4M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2091	−0.086%	$20.2M	$113.0M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2098	+0.258%	$20K	$414K	5x	as long as short
Arcus ENA-USDshort	+0.0100%	1h	0.2091	−0.091%	$82K	$223K	10x
Gate ENA_USDT	+0.0100%	4h	0.2091	−0.086%	$10.4M	$21.1M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2092	−0.043%	$45.0M	$46.6M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2092	−0.019%	$23.9M	$16.7M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2090	−0.153%	$47.3M	$65.5M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2091	−0.096%	—	$32.9M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2093	+0.008%	$3.8M	$10.4M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2084	−0.411%	$248K	$7.8M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2088	−0.234%	$353K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2089	−0.186%	$32K	$711K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2097	+0.196%	$190K	$2.8M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2042	−2.437%	$1K	$814K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2093	+0.005%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2099	+0.287%	$272K	$1.5M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2090	−0.139%	$1.9M	$9.2M	50x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2083	−0.450%	$88K	$2K	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2093	+0.012%	$77K	$11K	3x	as long as short
Extended ENA-USD	+0.0208%	1h	0.2091	−0.095%	$1.6M	$4.2M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0217% / S −0.0355%	1h	0.2092	−0.042%	$38K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2096	+0.162%	$5.5M	$8.1M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2094	+0.048%	$1K	$5K	15x	as long as short
Lighter ENA	+0.0520%	1h	0.2094	+0.057%	$5.6M	$12.9M	10x	as long as short
Hyperliquid ENA	+0.0542%	1h	0.2095	+0.081%	$110.3M	$79.7M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0576%	1h	0.2094	+0.067%	$801K	$2.1M	50x	as long as short
dYdX ENA-USD	+0.1807%	1h	0.2091	−0.077%	$138K	$15K	5x	as long as short