ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0176%/8h= −19.3% APRnext payment −$0.22 per $10,000 · paid last 24h −0.048%

Price spread now: Deribit against Extended+0.294%7-day average +0.090% · you sell dearer than you buy

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$10as in the Price arb table

costs, in and out, $10k−$310.305% of the position

Long on Extended Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.191%−$19 on $10k

Price spread, last 3 days (all we have)−0.122%−$12 · spread now +0.294%, 7d avg +0.090%

Together, before fees−0.313%+ Points / potential airdropExtended: Active · farm board−$31 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.204% dearer against Extended than usual: you sell high and buy low (spread +0.294% now, against its 7-day average of +0.090%): +$20 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 3.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ENA-USD	0.2109	0.0176	pay 0.0022% / 1h	5m 34s	$1.6M	$4.1M	50x
Short	Deribit ENA_USDC-PERPETUAL	0.2115	0	get 0.0000% / 1h	5m 34s	$79K	$1.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Extended. 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 ExtendedbpFee DeribitbpOrdersPrice spread, now +0.294%Rate

Funding earned: −$36.96
Price spread: +0.294% → +0.090%: $20.41
Slippage, 4 orders: −$18.52
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$47.07
Costs to cover: 0.305%
Break-even: never at this rate

Slippage from Extended: live order book, 3 min ago; Deribit: 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 Extended live order book, 3 min ago	1.19 bp	6.2 bp −$6	12.3 bp −$123	doesn't fit	doesn't fit
Sell Deribit live order book, 3 min ago	4.99 bp	9.0 bp −$9	15.6 bp −$156	doesn't fit	doesn't fit

ENA on 41 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
Deribit ENA_USDC-PERPETUALshort	0.0000%	1h	0.2115	+0.294%	$79K	$1.3M	50x
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2115	+0.261%	$87K	—	150x	as long as short
dYdX ENA-USD	+0.0011%	1h	0.2114	+0.231%	$140K	$15K	5x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.678%	$522	$57K	5.5x	as long as short
Orderly PERP_ENA_USDC	+0.0035%	4h	0.2114	+0.242%	$44K	$27K	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2110	+0.043%	$54K	$507K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2110	+0.033%	$678K	$1.7M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2114	+0.212%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2111	+0.109%	$412K	$530K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2111	+0.071%	$130.1M	$433.8M	75x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ENAUSDT	+0.0100%	4h	0.2111	+0.100%	$86.5M	$180.8M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2112	+0.128%	$20.8M	$104.6M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2116	+0.322%	$19K	$382K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2111	+0.090%	$78K	$289K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2109	+0.019%	$93K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2111	+0.085%	$11.0M	$21.9M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2110	+0.057%	$44.7M	$44.5M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2112	+0.138%	$24.5M	$16.0M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2110	+0.052%	$48.0M	$59.2M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2110	+0.047%	—	$32.5M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2116	+0.332%	$382K	$370K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2114	+0.241%	$3.8M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2106	−0.150%	$246K	$7.5M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2104	−0.229%	$355K	$4.9M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2106	−0.147%	$32K	$650K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2113	+0.180%	$183K	$2.3M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2065	−2.105%	$1K	$847K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2115	+0.280%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2122	+0.635%	$276K	$812K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2115	+0.280%	$1.9M	$9.0M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2110	+0.026%	$47K	$110	10x	as long as short
01 Exchange ENAUSD	+0.0104%	1h	0.2110	+0.057%	$4K	$302	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2115	+0.267%	$74K	$4K	3x	as long as short
Extended ENA-USDlong	+0.0176%	1h	0.2109	long leg	$1.6M	$4.1M	50x
Phoenix ENA	+0.0188%	1h	0.2118	+0.403%	$7K	$351K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0251% / S −0.0206%	1h	0.2114	+0.238%	$50K	—	100x	as long as short
Kraken Futures PF_ENAUSD	+0.0252%	1h	0.2116	+0.330%	$2.7M	$4.3M	50x	as long as short
Lighter ENA	+0.0384%	1h	0.2113	+0.190%	$5.5M	$13.7M	10x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2112	+0.156%	$1K	$5K	15x	as long as short
Hyperliquid ENA	+0.0471%	1h	0.2113	+0.204%	$113.6M	$71.4M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0648%	1h	0.2115	+0.294%	$830K	$1.6M	50x	as long as short