ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0184%/8h= +20.1% APRnext payment +$0.23 per $10,000 · paid last 24h +0.048%

Price spread now: Extended against Deribit−0.151%7-day average −0.090% · you buy dearer than you sell

Net, funding: paid 7d − costs−$11as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$310.305% of the position

Long on Deribit Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.191%+$19 on $10k

Price spread, last 3 days (all we have)−0.021%−$2 · spread now −0.151%, 7d avg −0.090%

Together, before fees+0.171%+ Points / potential airdropExtended: Active · farm board+$17 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.061% cheaper against Deribit than usual: you would sell low and buy high (spread −0.151% now, against its 7-day average of −0.090%). If the spread goes back, that is −$6 on $10k: about 27 hours of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.191% in total) that is about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit ENA_USDC-PERPETUAL	0.2115	0	get 0.0000% / 1h	5m 42s	$79K	$1.3M	50x
Short	Extended ENA-USD	0.2112	0.0184	get 0.0023% / 1h	5m 42s	$1.6M	$4.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.151%Rate

Funding earned: $38.64
Price spread: −0.151% → −0.090%: −$6.14
Slippage, 4 orders: −$18.52
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $1.98
Costs to cover: 0.305%
Break-even: 6.6 days

Slippage from Deribit: live order book, 3 min ago; Extended: 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	4.99 bp	8.5 bp −$8	15.9 bp −$159	doesn't fit	doesn't fit
Sell Extended live order book, 3 min ago	1.19 bp	6.9 bp −$7	12.8 bp −$128	doesn't fit	doesn't fit

ENA on 41 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-PERPETUALlong	0.0000%	1h	0.2115	long leg	$79K	$1.3M	50x
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2115	−0.033%	$87K	—	150x	as long as short
dYdX ENA-USD	+0.0011%	1h	0.2114	−0.063%	$140K	$15K	5x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.383%	$522	$57K	5.5x	as long as short
Orderly PERP_ENA_USDC	+0.0035%	4h	0.2114	−0.052%	$44K	$27K	10x	as long as short
01 Exchange ENAUSD	+0.0096%	1h	0.2115	−0.019%	$4K	$302	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2114	−0.061%	$54K	$507K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2115	−0.012%	$680K	$1.7M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2113	−0.114%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2111	−0.184%	$412K	$530K	10x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ENAUSDT	+0.0100%	4h	0.2111	−0.223%	$130.1M	$433.8M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2110	−0.227%	$86.4M	$180.8M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2111	−0.208%	$20.8M	$104.5M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2116	+0.028%	$19K	$382K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2111	−0.203%	$78K	$289K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2126	+0.508%	$93K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2113	−0.118%	$11.0M	$21.9M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2110	−0.236%	$44.7M	$44.5M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2112	−0.156%	$24.5M	$16.0M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2109	−0.321%	$48.0M	$59.2M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2110	−0.246%	—	$32.5M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2116	+0.038%	$382K	$370K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2114	−0.053%	$3.8M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2105	−0.476%	$246K	$7.5M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2104	−0.522%	$355K	$4.9M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2105	−0.487%	$32K	$654K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2114	−0.047%	$183K	$2.3M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2065	−2.392%	$1K	$847K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2115	−0.014%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2122	+0.340%	$276K	$812K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2115	−0.014%	$1.9M	$9.0M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2110	−0.267%	$47K	$110	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2115	−0.026%	$74K	$4K	3x	as long as short
Extended ENA-USDshort	+0.0184%	1h	0.2112	−0.151%	$1.6M	$4.1M	50x
Phoenix ENA	+0.0188%	1h	0.2118	+0.109%	$7K	$351K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0251% / S −0.0206%	1h	0.2114	−0.056%	$50K	—	100x	as long as short
Kraken Futures PF_ENAUSD	+0.0252%	1h	0.2116	+0.036%	$2.7M	$4.3M	50x	as long as short
Lighter ENA	+0.0384%	1h	0.2113	−0.104%	$5.5M	$13.7M	10x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2114	−0.062%	$1K	$5K	15x	as long as short
Hyperliquid ENA	+0.0472%	1h	0.2115	+0.009%	$113.7M	$71.4M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0648%	1h	0.2115	0.000%	$830K	$1.6M	50x	as long as short