ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.1577%/8h= −172.6% APRnext payment −$1.97 per $10,000 · paid last 24h −0.692%

Price spread now: Nado against dYdX−0.066%49s7-day average +0.039% · 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—prices read too far apart to compare

costs, in and out, $10k−$4224.217% of the position

Long on dYdX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.919%−$92 on $10k

Price spread, last 3 days (all we have)+0.301%+$30 · spread now −0.066%, 7d avg +0.039%

Together, before fees−0.618%+ Points / potential airdropNado: Active · farm board−$62 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$47 a day on $10k at the current rate, and Nado is 0.105% cheaper against dYdX than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.039%). Swap the legs. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ENA-USD	0.2125	0.1677	pay 0.0210% / 1h	50m 40s	$140K	$15K	5x
Short	Nado ENA-PERP	0.2124	0.0100	get 0.0012% / 1h	50m 40s	$682K	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.066%Rate

Funding earned: −$331.1
Price spread: −0.066% → +0.039%: −$10.51
Slippage, 4 orders: −$404.73
Fee dYdX: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$763.34
Costs to cover: 4.217%
Break-even: never at this rate

Slippage from dYdX: live order book, 28 min ago; Nado: live order book, 3 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, 28 min ago	76.39 bp	295.2 bp −$295	838.6 bp −$8,386	1395.7 bp −$139.6K	1715.3 bp −$857.6K
Sell Nado live order book, 3 min ago	2.12 bp	9.1 bp −$9	23.5 bp −$235	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	−0.0031%	4h	0.2124	−0.047%	$41K	$24K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2125	−0.024%	$92K	$1.8M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2125	−0.033%	$106K	—	150x	as long as short
Backpack ENA_USDC_PERP	+0.0031%	1h	0.2126	+0.023%	$375K	$447K	5x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−0.090%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2124	−0.061%	$63K	$529K	50x	as long as short
Nado ENA-PERPshort	+0.0100%	1h	0.2124	−0.066%	$682K	$1.8M	10x
Aster ENAUSDT	+0.0100%	4h	0.2125	−0.003%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2125	−0.033%	$411K	$573K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2125	−0.022%	$131.3M	$455.6M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ENAUSDT	+0.0100%	4h	0.2125	0.000%	$89.2M	$191.2M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2126	+0.023%	$20.6M	$112.1M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2128	+0.141%	$15K	$403K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2126	+0.033%	$84K	$221K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2125	+0.008%	$90K	$500	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2125	−0.005%	$10.9M	$21.2M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2126	+0.019%	$47.0M	$45.3M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2126	+0.028%	$24.5M	$16.4M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2125	−0.024%	$48.2M	$64.7M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2125	0.000%	—	$32.7M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2119	−0.317%	$3.9M	$10.3M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2116	−0.438%	$251K	$7.6M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2116	−0.438%	$351K	$4.6M	10x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2125	−0.019%	$179K	$2.6M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2073	−2.461%	$1K	$823K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2125	−0.014%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2129	+0.174%	$276K	$1.5M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2124	−0.061%	$2.0M	$9.2M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2125	−0.011%	$48K	$221	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2125	−0.026%	$78K	$11K	3x	as long as short
ApeX Omni ENAUSDT	+0.0131%	1h	0.2128	+0.127%	$32K	$712K	50x	as long as short
01 Exchange ENAUSD	+0.0152%	1h	0.2126	+0.023%	$4K	$312	10x	as long as short
Phoenix ENA	+0.0189%	1h	0.2115	−0.466%	$6K	$347K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0240%	1h	0.2126	+0.013%	$2.7M	$5.5M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0250% / S −0.0434%	1h	0.2124	−0.041%	$38K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2124	−0.052%	$5.6M	$8.1M	75x	as long as short
Extended ENA-USD	+0.0344%	1h	0.2125	−0.010%	$1.6M	$4.2M	50x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2124	−0.070%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0552%	1h	0.2135	+0.433%	$843K	$2.1M	50x	as long as short
Lighter ENA	+0.0592%	1h	0.2127	+0.085%	$5.7M	$12.8M	10x	as long as short
Hyperliquid ENA	+0.0738%	1h	0.2130	+0.198%	$114.4M	$78.8M	10x	as long as short
dYdX ENA-USDlong	+0.1677%	1h	0.2125	long leg	$140K	$15K	5x