Funding you earn now, next payment 02:00 UTC−0.0204%/8h= −22.3% APRpaid last 24h −0.018%
Price spread now: Phemex against Extended−0.049%7-day average +0.087% · you buy dearer than you sell
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$80as in the Price arb table
costs, in and out, $10k−$660.662% of the position
Funding, last 7 days−0.054%−$5 on $10k
+Price spread, last 3 days (all we have)+0.318%+$32 · spread now −0.049%, 7d avg +0.087%
=Together, before fees+0.264%+ Points / potential airdropExtended: Active · farm board+$26 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Phemex is 0.135% cheaper against Extended than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.087%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.054% in total (about -2.8% a year). A funding rate is set anew for every payment. 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 | Extended ENA-USD | 0.2133 | 0.0304 | pay 0.0038% / 1h | 49m 39s | $1.6M | $4.2M | 50x |
| Short | Phemex ENAUSDT | 0.2132 | 0.0100 | get 0.0050% / 4h | 2h 49m | $1.9M | $9.4M | 50x |
Extended ENA-USD
Phemex ENAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Extended. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$42.84
- Price spread: −0.049% → +0.087%
- −$13.52
- Slippage, 4 orders
- −$49.24
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$122.6
- Costs to cover
- 0.662%
- Break-even
- never at this rate
Slippage from Extended: live order book, 4 min ago; Phemex: live order book, 4 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, 4 min ago | 0.24 bp | 5.1 bp −$5 | 12.8 bp −$128 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 4 min ago | 7.08 bp | 31.7 bp −$32 | 77.9 bp −$779 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ENA_USDC-PERPETUAL | 0.0000% | 1h | 0.2131 | −0.081% | $79K | $1.6M | 50x | as long as short |
| gTrade (Gains Network) ENA/USD | L +0.0004% / S −0.0004% | 1h | 0.2129 | −0.180% | $91K | — | 150x | as long as short |
| 01 Exchange ENAUSD | +0.0016% | 1h | 0.2133 | −0.002% | $4K | $302 | 10x | as long as short |
| Injective ENA/USDC PERP | +0.0033% | 1h | 0.2123 | −0.452% | $522 | $57K | 5.5x | as long as short |
| dYdX ENA-USD | +0.0036% | 1h | 0.2134 | +0.022% | $141K | $15K | 5x | as long as short |
| Orderly PERP_ENA_USDC | +0.0037% | 4h | 0.2130 | −0.142% | $41K | $23K | 10x | as long as short |
| Popdex ENAUSDT | +0.0096% | 1h | 0.2132 | −0.049% | $53K | $526K | 50x | as long as short |
| Nado ENA-PERP | +0.0100% | 1h | 0.2129 | −0.178% | $702K | $1.8M | 10x | as long as short |
| Aster ENAUSDT | +0.0100% | 4h | 0.2136 | +0.139% | $1.5M | $3.3M | 50x | as long as short |
| Pacifica ENA | +0.0100% | 1h | 0.2135 | +0.070% | $418K | $548K | 10x | as long as short |
Deribit ENA_USDC-PERPETUAL
gTrade (Gains Network) ENA/USD
01 Exchange ENAUSD
Injective ENA/USDC PERP
dYdX ENA-USD
Orderly PERP_ENA_USDC
Popdex ENAUSDT
Nado ENA-PERP
Aster ENAUSDT
Pacifica ENAShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ENAUSDT | +0.0100% | 4h | 0.2133 | +0.003% | $132.7M | $444.5M | 75x | as long as short |
| Bybit ENAUSDT | +0.0100% | 4h | 0.2132 | −0.049% | $87.3M | $186.7M | 50x | as long as short |
| OKX ENA-USDT-SWAP | +0.0100% | 4h | 0.2133 | −0.021% | $21.2M | $109.5M | 50x | as long as short |
| Ondo Perps ENA-USD.P | +0.0100% | 1h | 0.2124 | −0.400% | $17K | $408K | 5x | as long as short |
| Arcus ENA-USD | +0.0100% | 1h | 0.2135 | +0.092% | $116K | $253K | 10x | as long as short |
| Bulk ENA-USD | +0.0100% | 1h | 0.2127 | −0.267% | $93K | $4K | 10x | as long as short |
| Gate ENA_USDT | +0.0100% | 4h | 0.2134 | +0.036% | $10.8M | $20.7M | 50x | as long as short |
| MEXC ENA_USDT | +0.0100% | 4h | 0.2135 | +0.078% | $45.1M | $43.5M | 200x | as long as short |
| KuCoin ENAUSDTM | +0.0100% | 4h | 0.2137 | +0.167% | $24.6M | $16.4M | 75x | as long as short |
| Bitget ENAUSDT | +0.0100% | 4h | 0.2133 | −0.021% | $48.3M | $61.0M | 75x | as long as short |
| BingX ENA-USDC | +0.0100% | 4h | 0.2134 | +0.059% | — | $6.5M | — | as long as short |
| Backpack ENA_USDC_PERP | +0.0100% | 1h | 0.2135 | +0.073% | $369K | $383K | 5x | as long as short |
| Variational Omni ENA | +0.0100% | 4h | 0.2125 | −0.366% | $3.8M | $10.1M | — | as long as short |
| edgeX ENAUSDC | +0.0100% | 4h | 0.2121 | −0.563% | $244K | $7.5M | 20x | as long as short |
| GRVT ENA_USDT_Perp | +0.0100% | 4h | 0.2124 | −0.418% | $356K | $4.8M | 10x | as long as short |
| ApeX Omni ENAUSDT | +0.0100% | 1h | 0.2126 | −0.330% | $32K | $690K | 50x | as long as short |
| Polymarket Perps ENA-USD | +0.0100% | 1h | 0.2130 | −0.156% | $179K | $2.4M | 10x | as long as short |
| SunX ENA-USDT | +0.0100% | 4h | 0.2079 | −2.543% | $1K | $844K | 20x | as long as short |
| SoDEX ENA-USD | +0.0100% | 1h | 0.2131 | −0.096% | $4K | $10K | 10x | as long as short |
| HTX ENA-USDT | +0.0100% | 4h | 0.2136 | +0.125% | $275K | $1.0M | 50x | as long as short |
| Phemex ENAUSDTshort | +0.0100% | 4h | 0.2132 | −0.049% | $1.9M | $9.4M | 50x | |
| Paradex ENA-USD-PERP | +0.0100% | 8h | 0.2133 | +0.001% | $48K | $110 | 10x | as long as short |
| Aevo ENA-PERP | +0.0104% | 1h | 0.2131 | −0.110% | $75K | $4K | 3x | as long as short |
| Lighter ENA | +0.0128% | 1h | 0.2135 | +0.083% | $5.6M | $13.6M | 10x | as long as short |
| Phoenix ENA | +0.0188% | 1h | 0.2116 | −0.789% | $7K | $351K | 10x | as long as short |
| Kraken Futures PF_ENAUSD | +0.0250% | 1h | 0.2132 | −0.033% | $2.7M | $5.0M | 50x | as long as short |
| GMX ENA/USD [ETH-USDC] | L +0.0251% / S −0.0206% | 1h | 0.2129 | −0.193% | $51K | — | 100x | as long as short |
| Extended ENA-USDlong | +0.0304% | 1h | 0.2133 | long leg | $1.6M | $4.2M | 50x | |
| BloFin ENA-USDT | +0.0340% | 4h | 0.2127 | −0.292% | $5.7M | $2.0M | 75x | as long as short |
| Reya ENARUSDPERP | +0.0412% | 1h | 0.2128 | −0.214% | $1K | $5K | 15x | as long as short |
| Hyperliquid ENA | +0.0528% | 1h | 0.2138 | +0.228% | $115.2M | $74.3M | 10x | as long as short |
| Coinbase International ENA-PERP-INTX | +0.0648% | 1h | 0.2131 | −0.077% | $837K | $1.8M | 50x | as long as short |
Binance ENAUSDT
Bybit ENAUSDT
OKX ENA-USDT-SWAP
Ondo Perps ENA-USD.P
Arcus ENA-USD
Bulk ENA-USD
Gate ENA_USDT
MEXC ENA_USDT
KuCoin ENAUSDTM
Bitget ENAUSDT
BingX ENA-USDC
Backpack ENA_USDC_PERP
Variational Omni ENA
edgeX ENAUSDC
GRVT ENA_USDT_Perp
ApeX Omni ENAUSDT
Polymarket Perps ENA-USD
SunX ENA-USDT
SoDEX ENA-USD
HTX ENA-USDT
Paradex ENA-USD-PERP
Aevo ENA-PERP
Lighter ENA
Phoenix ENA
Kraken Futures PF_ENAUSD
GMX ENA/USD [ETH-USDC]
BloFin ENA-USDT
Reya ENARUSDPERP
Hyperliquid ENA
Coinbase International ENA-PERP-INTX