ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.037%

Price spread now: Ondo Perps against Deribit−0.099%7-day average +0.004% · you buy dearer than you sell

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

Long on Deribit Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.141%+$14 on $10k

Price spread, last 3 days (all we have)−0.174%−$17 · spread now −0.099%, 7d avg +0.004%

Together, before fees−0.033%+ Points / potential airdropOndo Perps: Active · farm board−$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. Ondo Perps is 0.102% cheaper against Deribit than usual: you would sell low and buy high (spread −0.099% now, against its 7-day average of +0.004%). If the spread goes back, that is −$10 on $10k: about 3.4 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	0.2127	0	get 0.0000% / 1h	50m 37s	$79K	$1.6M	50x
Short	Ondo Perps ENA-USD.P	0.2124	0.0100	get 0.0013% / 1h	50m 37s	$17K	$408K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Deribit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Ondo PerpsbpOrdersPrice spread, now −0.099%Rate

Funding earned: $21
Price spread: −0.099% → +0.004%: −$10.24
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$1.24
Costs to cover: 0.120%
Break-even: 7.4 days

Slippage unknown: Deribit: live order book, 3 min ago; Ondo Perps: 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 Deribit live order book, 3 min ago	3.31 bp	10.1 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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 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	0.2127	long leg	$79K	$1.6M	50x
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2126	−0.050%	$91K	—	150x	as long as short
01 Exchange ENAUSD	+0.0016%	1h	0.2125	−0.066%	$4K	$302	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−0.150%	$522	$57K	5.5x	as long as short
Orderly PERP_ENA_USDC	+0.0037%	4h	0.2126	−0.042%	$41K	$23K	10x	as long as short
dYdX ENA-USD	+0.0040%	1h	0.2126	−0.009%	$140K	$15K	5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2125	−0.075%	$53K	$526K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2125	−0.098%	$700K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2129	+0.102%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2127	+0.042%	$418K	$548K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ENAUSDT	+0.0100%	4h	0.2128	+0.043%	$132.4M	$444.2M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2127	+0.033%	$87.2M	$186.7M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2128	+0.061%	$21.1M	$109.3M	50x	as long as short
Ondo Perps ENA-USD.Pshort	+0.0100%	1h	0.2124	−0.099%	$17K	$408K	5x
Arcus ENA-USD	+0.0100%	1h	0.2129	+0.113%	$116K	$253K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2127	+0.035%	$93K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2126	−0.038%	$10.8M	$20.7M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2128	+0.052%	$44.9M	$43.5M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2128	+0.066%	$24.5M	$16.4M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2126	−0.014%	$48.2M	$61.3M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2127	+0.038%	—	$32.7M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2127	+0.028%	$368K	$383K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2125	−0.065%	$3.8M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2121	−0.262%	$244K	$7.5M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2124	−0.116%	$356K	$4.8M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2126	−0.028%	$32K	$689K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2126	−0.019%	$179K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2074	−2.497%	$1K	$843K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2126	−0.028%	$4K	$10K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2129	+0.113%	$275K	$1.0M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2127	+0.019%	$1.9M	$9.4M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2128	+0.057%	$48K	$110	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2126	−0.043%	$74K	$4K	3x	as long as short
Lighter ENA	+0.0176%	1h	0.2129	+0.122%	$5.5M	$13.6M	10x	as long as short
Phoenix ENA	+0.0188%	1h	0.2116	−0.489%	$7K	$351K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0251%	1h	0.2127	+0.038%	$2.7M	$5.0M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0251% / S −0.0206%	1h	0.2126	−0.035%	$51K	—	100x	as long as short
Extended ENA-USD	+0.0312%	1h	0.2126	−0.027%	$1.6M	$4.1M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2127	+0.009%	$5.7M	$2.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2125	−0.084%	$1K	$5K	15x	as long as short
Hyperliquid ENA	+0.0520%	1h	0.2130	+0.155%	$114.7M	$74.3M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0648%	1h	0.2123	−0.174%	$834K	$1.7M	50x	as long as short