ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0096%/8h= +10.6% APRnext payment +$0.12 per $10,000 · paid last 24h +0.029%

Price spread now: Arcus against gTrade (Gains Network)+0.050%7-day average — · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$345as in the Price arb table

costs, in and out, $10k−$3503.504% of the position

Long on gTrade (Gains Network)Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Arcus is 0.050% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) ENA/USD	0.2106	L +0.0004% / S −0.0004%	pay 0.0000% / 1h	39m 20s	$82K	—	150x
Short	Arcus ENA-USD	0.2107	0.0100	get 0.0013% / 1h	39m 20s	$78K	$288K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee ArcusbpOrdersPrice spread, now +0.050%Rate

Funding earned: $20.23
Price spread: +0.050% → 0.000%: $4.99
Slippage, 4 orders: −$335.88
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$325.16
Costs to cover: 3.504%
Break-even: 119.5 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 60 min ago; Arcus: live order book, 24 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 gTrade (Gains Network) virtual book (oracle venue), 60 min ago	130.03 bp	186.1 bp −$186	1556.6 bp −$15.6K	15424.9 bp −$1.54M	doesn't fit
Sell Arcus live order book, 24 min ago	7.05 bp	10.2 bp −$10	23.0 bp −$230	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	0.2106	−0.007%	$79K	$1.3M	50x	as long as short
Orderly PERP_ENA_USDC	+0.0004%	4h	0.2105	−0.036%	$44K	$27K	10x	as long as short
gTrade (Gains Network) ENA/USDlong	L +0.0004% / S −0.0004%	1h	0.2106	long leg	$82K	—	150x
01 Exchange ENAUSD	+0.0016%	1h	0.2106	−0.002%	$4K	$302	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.829%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2105	−0.045%	$54K	$498K	50x	as long as short
dYdX ENA-USD	+0.0097%	1h	0.2108	+0.087%	$139K	$15K	5x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2106	+0.019%	$680K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2108	+0.116%	$113.3M	$71.2M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2108	+0.089%	$1.5M	$3.0M	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	0.2108	+0.101%	$412K	$511K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2105	−0.059%	$129.2M	$423.2M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2104	−0.069%	$86.3M	$176.1M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2106	+0.002%	$20.7M	$102.5M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2112	+0.306%	$19K	$371K	5x	as long as short
Arcus ENA-USDshort	+0.0100%	1h	0.2107	+0.050%	$78K	$288K	10x
Bulk ENA-USD	+0.0100%	1h	0.2113	+0.335%	$93K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2106	+0.012%	$11.0M	$21.2M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2106	+0.002%	$45.4M	$41.8M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2107	+0.059%	$24.5M	$15.7M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2103	−0.140%	$47.9M	$57.9M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2106	+0.002%	—	$32.2M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2109	+0.126%	$373K	$364K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2112	+0.284%	$3.4M	$10.3M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2113	+0.353%	$244K	$7.3M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2115	+0.427%	$362K	$4.8M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2116	+0.477%	$32K	$648K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2107	+0.036%	$183K	$2.3M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2056	−2.353%	$1K	$841K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2104	−0.093%	$3K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2111	+0.245%	$276K	$780K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2105	−0.045%	$1.8M	$8.9M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2107	+0.062%	$47K	$110	10x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2105	−0.058%	$1.6M	$4.1M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2106	−0.011%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0150%	1h	0.2118	+0.563%	$8K	$298K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0251% / S −0.0206%	1h	0.2105	−0.021%	$50K	—	100x	as long as short
Kraken Futures PF_ENAUSD	+0.0286%	1h	0.2106	−0.012%	$2.6M	$4.3M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2103	−0.131%	$5.6M	$3.1M	75x	as long as short
Lighter ENA	+0.0376%	1h	0.2107	+0.045%	$5.5M	$13.6M	10x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2106	+0.002%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0664%	1h	0.2117	+0.539%	$833K	$1.5M	50x	as long as short