ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.7879%/8h= −862.7% APRnext payment −$9.85 per $10,000 · paid last 24h −0.648%

Price spread now: Pacifica against dYdX−0.080%7-day average +0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$887as in the Funding arb table

Net, price: spread back to 7d avg − costs−$801as in the Price arb table

costs, in and out, $10k−$7917.909% of the position

Long on dYdX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.958%−$96 on $10k

Price spread, last 4 days (all we have)+0.040%+$4 · spread now −0.080%, 7d avg +0.018%

Together, before fees−0.918%+ Points / potential airdropPacifica: Active · farm board−$92 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$236 a day on $10k at the current rate, and Pacifica is 0.098% cheaper against dYdX than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.018%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.958% in total (about -49.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$9.85 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ENA-USD	0.2097	0.7979	pay 0.0997% / 1h	48m 20s	$139K	$12K	5x
Short	Pacifica ENA	0.2095	0.0100	get 0.0013% / 1h	48m 20s	$402K	$587K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.080%Rate

Funding earned: −$1,654.53
Price spread: −0.080% → +0.018%: −$9.82
Slippage, 4 orders: −$772.89
Fee dYdX: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$2,455.24
Costs to cover: 7.909%
Break-even: never at this rate

Slippage from dYdX: live order book, 40 min ago; Pacifica: live order book, 40 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	34.14 bp	322.3 bp −$322	471.3 bp −$4,713	705.6 bp −$70.6K	1425.2 bp −$712.6K
Sell Pacifica live order book, 40 min ago	2.11 bp	9.2 bp −$9	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
Backpack ENA_USDC_PERP	−0.0425%	1h	0.2097	+0.020%	$361K	$487K	5x	as long as short
Orderly PERP_ENA_USDC	−0.0094%	4h	0.2094	−0.142%	$41K	$24K	10x	as long as short
01 Exchange ENAUSD	−0.0072%	1h	0.2095	−0.089%	$4K	$432	10x	as long as short
Gate ENA_USDT	−0.0034%	4h	0.2094	−0.166%	$10.4M	$21.5M	50x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2097	+0.016%	$97K	$1.9M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2095	−0.099%	$96K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+1.256%	$522	$57K	5.5x	as long as short
Phoenix ENA	+0.0076%	1h	0.2103	+0.278%	$5K	$394K	10x	as long as short
ApeX Omni ENAUSDT	+0.0086%	1h	0.2097	−0.003%	$32K	$711K	50x	as long as short
Lighter ENA	+0.0096%	1h	0.2098	+0.025%	$5.7M	$13.1M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex ENAUSDT	+0.0096%	1h	0.2094	−0.146%	$59K	$545K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2094	−0.133%	$47K	$221	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2094	−0.161%	$654K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2096	−0.069%	$1.5M	$3.3M	50x	as long as short
Pacifica ENAshort	+0.0100%	1h	0.2095	−0.080%	$402K	$587K	10x
Binance ENAUSDT	+0.0100%	4h	0.2094	−0.138%	$129.3M	$471.4M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2094	−0.161%	$87.7M	$194.7M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2094	−0.123%	$20.1M	$115.0M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2096	−0.056%	$19K	$444K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2095	−0.099%	$83K	$221K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2100	+0.140%	$89K	$2K	10x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2094	−0.123%	$45.0M	$48.5M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2095	−0.089%	$24.2M	$16.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2093	−0.199%	$47.4M	$66.9M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2094	−0.142%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2095	−0.110%	$3.6M	$10.2M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2102	+0.220%	$252K	$8.0M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2097	−0.023%	$356K	$4.6M	10x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2097	−0.018%	$182K	$3.0M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2048	−2.321%	$994	$809K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2097	−0.003%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2100	+0.164%	$272K	$1.6M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2096	−0.051%	$1.8M	$9.3M	50x	as long as short
Kraken Futures PF_ENAUSD	+0.0104%	1h	0.2099	+0.109%	$2.7M	$5.9M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2094	−0.154%	$1.6M	$4.1M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2095	−0.099%	$77K	$11K	3x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0211% / S −0.0159%	1h	0.2095	−0.098%	$50K	—	100x	as long as short
Hyperliquid ENA	+0.0214%	1h	0.2098	+0.030%	$111.5M	$80.8M	10x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2097	−0.022%	$5.6M	$8.1M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2094	−0.134%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0536%	1h	0.2101	+0.178%	$802K	$2.2M	50x	as long as short
dYdX ENA-USDlong	+0.7979%	1h	0.2097	long leg	$139K	$12K	5x