ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0096%/8h= +10.5% APRnext payment +$0.12 per $10,000 · paid last 24h +0.031%

Price spread now: Popdex against Deribit−0.053%7-day average −0.047% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$370.369% of the position

Long on Deribit Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.048%−$5 on $10k

Price spread, last 3 days (all we have)−0.324%−$32 · spread now −0.053%, 7d avg −0.047%

Together, before fees−0.372%−$37 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.047%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit ENA_USDC-PERPETUAL	0.2093	0	get 0.0000% / 1h	34m 38s	$93K	$1.8M	50x
Short	Popdex ENAUSDT	0.2092	0.0096	get 0.0012% / 1h	34m 38s	$59K	$537K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now −0.053%Rate

Funding earned: $20.16
Price spread: −0.053% → −0.047%: −$0.55
Slippage, 4 orders: −$23.47
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$17.25
Costs to cover: 0.369%
Break-even: 13.0 days

Slippage from Deribit: live order book, 4 min ago; Popdex: live order book, 49 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, 4 min ago	0.95 bp	4.5 bp −$4	doesn't fit	doesn't fit	doesn't fit
Sell Popdex live order book, 49 min ago	0.71 bp	9.5 bp −$10	75.2 bp −$752	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	−0.0078%	1h	0.2093	+0.014%	$361K	$480K	5x	as long as short
Orderly PERP_ENA_USDC	−0.0064%	4h	0.2092	−0.053%	$40K	$24K	10x	as long as short
Deribit ENA_USDC-PERPETUALlong	0.0000%	1h	0.2093	long leg	$93K	$1.8M	50x
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2093	−0.002%	$96K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+1.448%	$522	$57K	5.5x	as long as short
Kraken Futures PF_ENAUSD	+0.0066%	1h	0.2093	+0.003%	$2.6M	$5.6M	50x	as long as short
01 Exchange ENAUSD	+0.0096%	1h	0.2093	−0.010%	$4K	$432	10x	as long as short
Popdex ENAUSDTshort	+0.0096%	1h	0.2092	−0.053%	$59K	$537K	50x
Paradex ENA-USD-PERP	+0.0100%	8h	0.2090	−0.160%	$47K	$221	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2092	−0.060%	$658K	$1.8M	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	0.2091	−0.102%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2091	−0.115%	$404K	$581K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2090	−0.129%	$128.8M	$459.6M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2090	−0.134%	$86.9M	$191.2M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2091	−0.091%	$20.1M	$112.0M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2094	+0.053%	$15K	$416K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2091	−0.100%	$82K	$222K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2098	+0.227%	$88K	$1K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2091	−0.119%	$10.4M	$21.2M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2090	−0.134%	$44.9M	$46.7M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2091	−0.096%	$23.9M	$16.5M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2089	−0.205%	$47.3M	$65.1M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2091	−0.100%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2091	−0.109%	$3.8M	$10.4M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2095	+0.104%	$249K	$7.8M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2095	+0.091%	$354K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2100	+0.330%	$32K	$711K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2094	+0.038%	$187K	$2.7M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2042	−2.446%	$1K	$815K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2093	−0.005%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2096	+0.134%	$273K	$1.5M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2093	−0.005%	$1.9M	$9.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2093	−0.014%	$77K	$11K	3x	as long as short
Phoenix ENA	+0.0115%	1h	0.2095	+0.072%	$5K	$356K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0229% / S −0.0384%	1h	0.2092	−0.029%	$38K	—	100x	as long as short
Extended ENA-USD	+0.0288%	1h	0.2089	−0.180%	$1.6M	$4.2M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2093	−0.019%	$5.5M	$8.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2093	−0.004%	$1K	$5K	15x	as long as short
Lighter ENA	+0.0504%	1h	0.2093	+0.010%	$5.6M	$12.9M	10x	as long as short
Hyperliquid ENA	+0.0554%	1h	0.2093	0.000%	$110.5M	$79.5M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0576%	1h	0.2097	+0.177%	$805K	$2.1M	50x	as long as short
dYdX ENA-USD	+0.1905%	1h	0.2090	−0.125%	$138K	$15K	5x	as long as short