ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0168%/8h= −18.4% APRnext payment −$0.21 per $10,000 · paid last 24h −0.541%

Price spread now: Hyperliquid against dYdX+0.070%7-day average +0.112% · you sell dearer than you buy

Net, funding: paid 7d − costs−$189as in the Funding arb table

Net, price: spread back to 7d avg − costs−$111as in the Price arb table

costs, in and out, $10k−$1071.071% of the position

Long on dYdX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.816%−$82 on $10k

Price spread, last 4 days (all we have)+0.053%+$5 · spread now +0.070%, 7d avg +0.112%

Together, before fees−0.763%+ Points / potential airdropHyperliquid: Season 2 · farm board−$76 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Hyperliquid is 0.042% cheaper against dYdX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.112%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ENA-USD	0.2105	0.0268	pay 0.0034% / 1h	3m 49s	$139K	$16K	5x
Short	Hyperliquid ENA	0.2107	0.0100	get 0.0013% / 1h	3m 49s	$113.8M	$75.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.070%Rate

Funding earned: −$35.32
Price spread: +0.070% → +0.112%: −$4.2
Slippage, 4 orders: −$88.05
Fee dYdX: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$146.58
Costs to cover: 1.071%
Break-even: never at this rate

Slippage from dYdX: live order book, 40 min ago; Hyperliquid: live order book, 10 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, 40 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 Hyperliquid live order book, 10 min ago	0.23 bp	6.0 bp −$6	doesn't fit	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	−0.0100%	4h	0.2102	−0.163%	$44K	$26K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2102	−0.120%	$54K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2100	−0.221%	$81K	—	150x	as long as short
01 Exchange ENAUSD	+0.0008%	1h	0.2100	−0.234%	$4K	$277	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.872%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2099	−0.287%	$54K	$481K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2104	−0.058%	$47K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2098	−0.328%	$556K	$1.8M	10x	as long as short
Hyperliquid ENAshort	+0.0100%	1h	0.2107	+0.070%	$113.8M	$75.5M	10x
Aster ENAUSDT	+0.0100%	4h	0.2105	−0.013%	$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	0.2105	−0.021%	$399K	$542K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2105	+0.004%	$127.5M	$426.8M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2103	−0.082%	$90.3M	$187.1M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2105	+0.008%	$21.1M	$107.1M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2111	+0.269%	$33K	$318K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2100	−0.239%	$78K	$281K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2122	+0.802%	$93K	$511	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2105	−0.011%	$12.5M	$26.8M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2105	−0.011%	$38.0M	$43.5M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2106	+0.041%	$24.6M	$15.7M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2103	−0.092%	$47.7M	$59.7M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2105	−0.016%	—	$31.6M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2113	+0.373%	$3.1M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2113	+0.367%	$257K	$7.1M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2111	+0.283%	$351K	$4.9M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2113	+0.378%	$19K	$647K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2100	−0.220%	$182K	$2.6M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2050	−2.610%	$931	$902K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2102	−0.144%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2110	+0.236%	$265K	$823K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2103	−0.097%	$1.8M	$8.8M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2103	−0.078%	$1.6M	$4.3M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2102	−0.144%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0110%	1h	0.2112	+0.336%	$8K	$276K	10x	as long as short
Lighter ENA	+0.0136%	1h	0.2107	+0.089%	$5.0M	$13.8M	10x	as long as short
Backpack ENA_USDC_PERP	+0.0200%	1h	0.2103	−0.087%	$390K	$437K	5x	as long as short
dYdX ENA-USDlong	+0.0268%	1h	0.2105	long leg	$139K	$16K	5x
GMX ENA/USD [ETH-USDC]	L +0.0305% / S −0.0753%	1h	0.2101	−0.204%	$58K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2106	+0.032%	$5.6M	$3.3M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2099	−0.309%	$1K	—	15x	as long as short
Kraken Futures PF_ENAUSD	+0.0449%	1h	0.2103	−0.110%	$2.6M	$4.4M	50x	as long as short
Coinbase International ENA-PERP-INTX	+0.0616%	1h	0.2105	+0.008%	$868K	$1.8M	50x	as long as short