ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0182%/8h= −19.9% APRnext payment −$0.23 per $10,000 · paid last 24h −0.644%

Price spread now: Arcus against dYdX+0.114%7-day average +0.040% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$523as in the Price arb table

costs, in and out, $10k−$5315.305% of the position

Long on dYdX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.975%−$98 on $10k

Price spread, last 4 days (all we have)−0.251%−$25 · spread now +0.114%, 7d avg +0.040%

Together, before fees−1.226%−$123 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Arcus is 0.074% dearer against dYdX than usual: you sell high and buy low (spread +0.114% now, against its 7-day average of +0.040%): +$7 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 33 hours. At the pace of the last 4 days (−0.975% in total) that is about 7 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ENA-USD	0.2119	0.0282	pay 0.0035% / 1h	23m 39s	$140K	$16K	5x
Short	Arcus ENA-USD	0.2121	0.0100	get 0.0013% / 1h	23m 39s	$79K	$278K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against dYdX. 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 dYdXbpFee ArcusbpOrdersPrice spread, now +0.114%Rate

Funding earned: −$38.2
Price spread: +0.114% → +0.040%: $7.43
Slippage, 4 orders: −$516.03
Fee dYdX: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$561.3
Costs to cover: 5.305%
Break-even: never at this rate

Slippage from dYdX: live order book, 25 min ago; Arcus: live order book, 25 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 dYdX live order book, 25 min ago	145.57 bp	183.1 bp −$183	501.1 bp −$5,011	1057.7 bp −$105.8K	1840.9 bp −$920.4K
Sell Arcus live order book, 25 min ago	7.12 bp	10.1 bp −$10	22.2 bp −$222	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
Orderly PERP_ENA_USDC	−0.0140%	4h	0.2120	+0.053%	$44K	$25K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2121	+0.110%	$73K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2119	+0.040%	$82K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.228%	$522	$57K	5.5x	as long as short
01 Exchange ENAUSD	+0.0040%	1h	0.2124	+0.242%	$4K	$277	10x	as long as short
Gate ENA_USDT	+0.0058%	4h	0.2122	+0.138%	$11.2M	$23.8M	50x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2121	+0.114%	$58K	$467K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2120	+0.083%	$47K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2120	+0.070%	$657K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2121	+0.104%	$115.4M	$74.5M	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	0.2121	+0.124%	$1.4M	$3.2M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2122	+0.150%	$398K	$525K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2121	+0.124%	$128.6M	$418.6M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2121	+0.096%	$85.8M	$175.4M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2120	+0.086%	$21.2M	$104.6M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2113	−0.268%	$20K	$322K	5x	as long as short
Arcus ENA-USDshort	+0.0100%	1h	0.2121	+0.114%	$79K	$278K	10x
MEXC ENA_USDT	+0.0100%	4h	0.2122	+0.138%	$46.4M	$41.3M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2122	+0.147%	$24.7M	$15.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2121	+0.114%	$48.2M	$57.8M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2121	+0.110%	—	$31.1M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2102	−0.782%	$3.0M	$10.0M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2106	−0.582%	$243K	$6.9M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2117	−0.068%	$351K	$5.0M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2106	−0.594%	$19K	$651K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2120	+0.062%	$190K	$2.5M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2068	−2.392%	$869	$873K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2121	+0.114%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2122	+0.162%	$268K	$796K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2118	−0.027%	$1.8M	$8.9M	50x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2118	−0.027%	$93K	−$0	10x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2121	+0.099%	$1.6M	$4.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2120	+0.057%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0153%	1h	0.2103	−0.721%	$8K	$278K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0162%	1h	0.2122	+0.140%	$2.6M	$4.3M	50x	as long as short
Lighter ENA	+0.0232%	1h	0.2123	+0.195%	$5.2M	$13.1M	10x	as long as short
dYdX ENA-USDlong	+0.0282%	1h	0.2119	long leg	$140K	$16K	5x
GMX ENA/USD [ETH-USDC]	L +0.0307% / S −0.0753%	1h	0.2119	+0.020%	$58K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2110	−0.400%	$5.5M	$3.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2119	+0.004%	$1K	$5K	15x	as long as short
Backpack ENA_USDC_PERP	+0.0587%	1h	0.2122	+0.157%	$359K	$400K	5x	as long as short
Coinbase International ENA-PERP-INTX	+0.0704%	1h	0.2118	−0.018%	$867K	$1.7M	50x	as long as short