ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0123%/8h= −13.4% APRnext payment −$0.15 per $10,000 · paid last 24h −0.661%

Price spread now: Deribit against dYdX+0.106%7-day average +0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs−$229as in the Funding arb table

Net, price: spread back to 7d avg − costs−$104as in the Price arb table

costs, in and out, $10k−$1091.095% of the position

Long on dYdX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−1.195%−$119 on $10k

Price spread, last 4 days (all we have)+0.131%+$13 · spread now +0.106%, 7d avg +0.055%

Together, before fees−1.064%−$106 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.051% dearer against dYdX than usual: you sell high and buy low (spread +0.106% now, against its 7-day average of +0.055%): +$5 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 33 hours. At the pace of the last 7 days (−1.195% 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	0.2144	0.0123	pay 0.0015% / 1h	37m 07s	$142K	$16K	5x
Short	Deribit ENA_USDC-PERPETUAL	0.2146	0	get 0.0000% / 1h	37m 07s	$68K	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.106%Rate

Funding earned: −$25.75
Price spread: +0.106% → +0.055%: $5.09
Slippage, 4 orders: −$92.49
Fee dYdX: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$130.15
Costs to cover: 1.095%
Break-even: never at this rate

Slippage from dYdX: live order book, 7 min ago; Deribit: live order book, 2 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, 7 min ago	37.85 bp	45.3 bp −$45	288.8 bp −$2,888	693.7 bp −$69.4K	1505.8 bp −$752.9K
Sell Deribit live order book, 2 min ago	5.38 bp	9.8 bp −$10	15.3 bp −$153	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	−0.0124%	4h	0.2144	+0.040%	$45K	$26K	10x	as long as short
01 Exchange ENAUSD	−0.0024%	1h	0.2143	−0.011%	$4K	$277	10x	as long as short
Deribit ENA_USDC-PERPETUALshort	0.0000%	1h	0.2146	+0.106%	$68K	$1.1M	50x
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2139	−0.212%	$82K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−0.939%	$522	$57K	5.5x	as long as short
Lighter ENA	+0.0096%	1h	0.2145	+0.054%	$5.1M	$13.4M	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2144	+0.022%	$57K	$481K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2146	+0.110%	$567K	$1.8M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2144	+0.003%	$115.5M	$75.4M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2145	+0.073%	$1.4M	$3.3M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ENA	+0.0100%	1h	0.2144	+0.012%	$405K	$539K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2144	+0.041%	$129.6M	$428.0M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2142	−0.081%	$85.7M	$181.1M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2142	−0.058%	$21.4M	$108.8M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2139	−0.221%	$20K	$322K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2143	−0.025%	$79K	$281K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2138	−0.258%	$93K	$511	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2143	−0.006%	$12.5M	$26.1M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2143	−0.016%	$48.5M	$42.3M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2145	+0.050%	$24.8M	$15.8M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2141	−0.099%	$48.7M	$59.9M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2143	−0.039%	—	$31.6M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2139	−0.213%	$3.1M	$10.2M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2139	−0.203%	$257K	$7.1M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2139	−0.192%	$365K	$5.1M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2140	−0.165%	$19K	$650K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2147	+0.143%	$188K	$2.6M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2094	−2.287%	$1K	$899K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2145	+0.068%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2147	+0.162%	$269K	$819K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2144	+0.022%	$1.8M	$8.9M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2143	−0.019%	$48K	$110	10x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2144	+0.025%	$1.6M	$4.3M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2145	+0.079%	$75K	$4K	3x	as long as short
Phoenix ENA	+0.0110%	1h	0.2142	−0.090%	$8K	$276K	10x	as long as short
dYdX ENA-USDlong	+0.0123%	1h	0.2144	long leg	$142K	$16K	5x
GMX ENA/USD [ETH-USDC]	L +0.0308% / S −0.0753%	1h	0.2145	+0.070%	$59K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2145	+0.064%	$5.6M	$3.2M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2145	+0.048%	$1K	$5K	15x	as long as short
Kraken Futures PF_ENAUSD	+0.0439%	1h	0.2146	+0.123%	$2.7M	$4.3M	50x	as long as short
Coinbase International ENA-PERP-INTX	+0.0616%	1h	0.2149	+0.269%	$887K	$1.8M	50x	as long as short
Backpack ENA_USDC_PERP	+0.0687%	1h	0.2144	+0.003%	$396K	$433K	5x	as long as short