ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.031%

Price spread now: Polymarket Perps against Deribit+0.171%7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$12as in the Price arb table

costs, in and out, $10k−$300.303% of the position

Long on Deribit Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.099%−$10 on $10k

Price spread, last 4 days (all we have)−0.683%−$68 · spread now +0.171%, 7d avg −0.011%

Together, before fees−0.782%−$78 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Polymarket Perps is 0.182% dearer against Deribit than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of −0.011%. Mind the row above: over the last 7 days funding on this pair cost −0.099%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit ENA_USDC-PERPETUAL	0.2111	0	get 0.0000% / 1h	28m 15s	$79K	$1.2M	50x
Short	Polymarket Perps ENA-USD	0.2115	0.0100	get 0.0013% / 1h	28m 15s	$182K	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.171%Rate

Funding earned: $21
Price spread: +0.171% → −0.011%: $18.19
Slippage, 4 orders: −$15.28
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $8.91
Costs to cover: 0.303%
Break-even: 4.0 days

Slippage from Deribit: live order book, 1 min ago; Polymarket Perps: live order book, 6 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, 1 min ago	1.42 bp	5.4 bp −$5	12.3 bp −$123	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 6 min ago	3.10 bp	7.1 bp −$7	7.7 bp −$77	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
Backpack ENA_USDC_PERP	−0.0201%	1h	0.2115	+0.152%	$365K	$396K	5x	as long as short
01 Exchange ENAUSD	−0.0088%	1h	0.2114	+0.109%	$4K	$302	10x	as long as short
Orderly PERP_ENA_USDC	−0.0068%	4h	0.2111	−0.014%	$44K	$25K	10x	as long as short
Deribit ENA_USDC-PERPETUALlong	0.0000%	1h	0.2111	long leg	$79K	$1.2M	50x
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2112	+0.052%	$82K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.568%	$522	$57K	5.5x	as long as short
Phoenix ENA	+0.0076%	1h	0.2114	+0.137%	$8K	$266K	10x	as long as short
Lighter ENA	+0.0096%	1h	0.2117	+0.275%	$5.2M	$13.5M	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2113	+0.076%	$56K	$481K	50x	as long as short
dYdX ENA-USD	+0.0097%	1h	0.2118	+0.308%	$140K	$15K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex ENA-USD-PERP	+0.0100%	8h	0.2114	+0.133%	$47K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2114	+0.123%	$652K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2117	+0.275%	$115.3M	$75.1M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2117	+0.242%	$1.5M	$2.9M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2117	+0.256%	$405K	$516K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2114	+0.147%	$128.8M	$417.0M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2115	+0.175%	$85.4M	$175.6M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2115	+0.156%	$20.8M	$103.5M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2118	+0.313%	$20K	$317K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2116	+0.218%	$79K	$276K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2093	−0.871%	$92K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2115	+0.180%	$11.1M	$22.1M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2114	+0.147%	$46.1M	$41.5M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2116	+0.199%	$24.7M	$15.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2113	+0.066%	$48.0M	$57.6M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2115	+0.171%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2112	+0.032%	$3.0M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2111	−0.001%	$243K	$7.0M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2113	+0.053%	$349K	$5.0M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2104	−0.350%	$20K	$647K	50x	as long as short
Polymarket Perps ENA-USDshort	+0.0100%	1h	0.2115	+0.171%	$182K	$2.3M	10x
SunX ENA-USDT	+0.0100%	4h	0.2062	−2.335%	$1K	$848K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2112	+0.028%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2117	+0.265%	$274K	$791K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2115	+0.171%	$1.8M	$8.8M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2115	+0.169%	$1.6M	$4.1M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2112	+0.014%	$74K	$4K	3x	as long as short
Kraken Futures PF_ENAUSD	+0.0243%	1h	0.2116	+0.197%	$2.6M	$4.3M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0253% / S −0.0213%	1h	0.2112	+0.018%	$51K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2120	+0.422%	$5.5M	$3.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2115	+0.149%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0632%	1h	0.2118	+0.308%	$866K	$1.6M	50x	as long as short