ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0576%/8h= +63.1% APRnext payment +$0.72 per $10,000 · paid last 24h +0.165%

Price spread now: Coinbase International against Deribit+0.062%7-day average +0.110% · you sell dearer than you buy

Net, funding: paid 7d − costs+$8as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$520.519% of the position

Long on Deribit Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.597%+$60 on $10k

Price spread, last 3 days (all we have)−0.238%−$24 · spread now +0.062%, 7d avg +0.110%

Together, before fees+0.359%+$36 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.048% cheaper against Deribit than usual: you would sell low and buy high (spread +0.062% now, against its 7-day average of +0.110%). If the spread goes back, that is −$5 on $10k: about 7 hours of funding at the current rate (+$17 a day). At the pace of the last 7 days (+0.597% in total) that is about 14 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit ENA_USDC-PERPETUAL	0.2099	0	get 0.0000% / 1h	10m 57s	$91K	$1.8M	50x
Short	Coinbase International ENA-PERP-INTX	0.2100	0.0576	get 0.0072% / 1h	10m 57s	$827K	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.062%Rate

Funding earned: $120.96
Price spread: +0.062% → +0.110%: −$4.83
Slippage, 4 orders: −$34.9
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $64.23
Costs to cover: 0.519%
Break-even: 3.3 days

Slippage from Deribit: live order book, 3 min ago; Coinbase International: live order book, 3 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, 3 min ago	1.91 bp	5.4 bp −$5	13.3 bp −$133	doesn't fit	doesn't fit
Sell Coinbase International live order book, 3 min ago	8.81 bp	21.6 bp −$22	27.0 bp −$270	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	−0.0043%	4h	0.2098	−0.038%	$41K	$24K	10x	as long as short
Backpack ENA_USDC_PERP	−0.0026%	1h	0.2101	+0.119%	$371K	$447K	5x	as long as short
Deribit ENA_USDC-PERPETUALlong	0.0000%	1h	0.2099	long leg	$91K	$1.8M	50x
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2099	−0.010%	$101K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+1.172%	$522	$57K	5.5x	as long as short
Kraken Futures PF_ENAUSD	+0.0066%	1h	0.2100	+0.044%	$2.6M	$5.5M	50x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2098	−0.038%	$61K	$530K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2097	−0.090%	$47K	$221	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2097	−0.100%	$660K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2100	+0.076%	$1.5M	$3.3M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ENA	+0.0100%	1h	0.2098	−0.055%	$406K	$576K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2099	+0.016%	$129.5M	$454.6M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2098	−0.038%	$87.2M	$190.5M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2099	+0.029%	$20.3M	$111.3M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2095	−0.167%	$15K	$396K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2099	+0.010%	$82K	$220K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2095	−0.196%	$88K	$500	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2099	+0.033%	$10.5M	$21.3M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2099	+0.024%	$46.6M	$47.0M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2100	+0.048%	$23.9M	$16.3M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2098	−0.057%	$47.4M	$64.7M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2100	+0.067%	—	$32.8M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2091	−0.367%	$3.8M	$10.3M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2096	−0.153%	$249K	$7.6M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2096	−0.147%	$350K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2096	−0.133%	$32K	$711K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2099	0.000%	$176K	$2.6M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2047	−2.459%	$1K	$816K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2099	+0.010%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2100	+0.048%	$272K	$1.5M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2098	−0.038%	$1.9M	$9.1M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2099	−0.008%	$77K	$11K	3x	as long as short
Phoenix ENA	+0.0115%	1h	0.2098	−0.043%	$5K	$356K	10x	as long as short
01 Exchange ENAUSD	+0.0144%	1h	0.2099	+0.014%	$4K	$432	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0244% / S −0.0421%	1h	0.2098	−0.024%	$38K	—	100x	as long as short
Extended ENA-USD	+0.0336%	1h	0.2098	−0.035%	$1.6M	$4.1M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2099	−0.010%	$5.5M	$8.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2098	−0.045%	$1K	$5K	15x	as long as short
Lighter ENA	+0.0528%	1h	0.2102	+0.138%	$5.6M	$12.9M	10x	as long as short
Coinbase International ENA-PERP-INTXshort	+0.0576%	1h	0.2100	+0.062%	$827K	$2.1M	50x
Hyperliquid ENA	+0.0587%	1h	0.2103	+0.195%	$111.0M	$78.9M	10x	as long as short
dYdX ENA-USD	+0.1980%	1h	0.2096	−0.131%	$138K	$15K	5x	as long as short