ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0773%/8h= +84.6% APRnext payment +$0.97 per $10,000 · paid last 24h +0.652%

Price spread now: dYdX against Deribit−0.117%7-day average −0.053% · you buy dearer than you sell

Net, funding: paid 7d − costs+$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$113as in the Price arb table

costs, in and out, $10k−$1071.068% of the position

Long on Deribit Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+1.196%+$120 on $10k

Price spread, last 4 days (all we have)−0.041%−$4 · spread now −0.117%, 7d avg −0.053%

Together, before fees+1.156%+$116 on $10k · with fees, hour by hour

Funding pays, the price is against you. dYdX is 0.064% cheaper against Deribit than usual: you would sell low and buy high (spread −0.117% now, against its 7-day average of −0.053%). If the spread goes back, that is −$6 on $10k: about 7 hours of funding at the current rate (+$23 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit ENA_USDC-PERPETUAL	0.2110	0	get 0.0000% / 1h	40m 57s	$54K	$1.1M	50x
Short	dYdX ENA-USD	0.2107	0.0773	get 0.0097% / 1h	40m 57s	$139K	$16K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.117%Rate

Funding earned: $162.24
Price spread: −0.117% → −0.053%: −$6.4
Slippage, 4 orders: −$89.8
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee dYdX: 5 bp × 2 orders: −$10
Net: $49.04
Costs to cover: 1.068%
Break-even: 4.9 days

Slippage from Deribit: live order book, 3 min ago; dYdX: live order book, 63 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	4.48 bp	8.0 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell dYdX live order book, 63 min ago	37.85 bp	45.6 bp −$46	347.9 bp −$3,479	705.1 bp −$70.5K	1574.9 bp −$787.4K

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	−0.0097%	4h	0.2109	−0.047%	$44K	$17K	10x	as long as short
01 Exchange ENAUSD	−0.0016%	1h	0.2108	−0.104%	$4K	$277	10x	as long as short
Deribit ENA_USDC-PERPETUALlong	0.0000%	1h	0.2110	long leg	$54K	$1.1M	50x
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2110	−0.001%	$81K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.645%	$522	$57K	5.5x	as long as short
Lighter ENA	+0.0096%	1h	0.2112	+0.081%	$5.0M	$13.8M	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2107	−0.133%	$55K	$478K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2108	−0.099%	$47K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2107	−0.116%	$561K	$1.8M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2112	+0.095%	$114.4M	$75.1M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ENAUSDT	+0.0100%	4h	0.2109	−0.057%	$1.4M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2107	−0.109%	$404K	$560K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2108	−0.073%	$128.1M	$425.9M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2106	−0.185%	$90.4M	$187.1M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2107	−0.137%	$21.2M	$107.2M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2107	−0.109%	$38K	$318K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2107	−0.133%	$78K	$281K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2113	+0.146%	$92K	$511	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2109	−0.062%	$12.7M	$26.9M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2108	−0.076%	$39.1M	$42.8M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2110	−0.009%	$24.9M	$15.7M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2105	−0.228%	$47.8M	$59.8M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2107	−0.109%	—	$31.4M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2110	+0.033%	$412K	$490K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2106	−0.169%	$3.0M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2117	+0.326%	$254K	$7.1M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2115	+0.252%	$365K	$4.9M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2117	+0.341%	$19K	$647K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2108	−0.090%	$188K	$2.6M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2057	−2.507%	$1K	$905K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2110	+0.009%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2109	−0.033%	$265K	$817K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2109	−0.038%	$1.8M	$8.8M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2107	−0.112%	$1.6M	$4.4M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2108	−0.071%	$74K	$4K	3x	as long as short
Kraken Futures PF_ENAUSD	+0.0149%	1h	0.2110	+0.023%	$2.6M	$4.4M	50x	as long as short
Phoenix ENA	+0.0190%	1h	0.2108	−0.066%	$8K	$273K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0306% / S −0.0754%	1h	0.2110	−0.006%	$58K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2108	−0.066%	$5.6M	$3.4M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2108	−0.062%	$1K	—	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0656%	1h	0.2116	+0.289%	$874K	$1.8M	50x	as long as short
dYdX ENA-USDshort	+0.0773%	1h	0.2107	−0.117%	$139K	$16K	5x