ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.086%

Price spread now: BloFin against GRVT+0.181%7-day average +0.105% · you sell dearer than you buy

Net, funding: paid 7d − costs−$5as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$510.506% of the position

Long on GRVT Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.452%+$45 on $10k

Price spread, last 3 days (all we have)+0.419%+$42 · spread now +0.181%, 7d avg +0.105%

Together, before fees+0.871%+ Points / potential airdropGRVT: Active · farm board+$87 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.076% dearer against GRVT than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.105%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT ENA_USDT_Perp	0.2098	0.0100	pay 0.0050% / 4h	1h 38m	$354K	$4.6M	10x
Short	BloFin ENA-USDT	0.2101	0.0340	get 0.0170% / 4h	1h 38m	$5.5M	$8.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against GRVT. 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 GRVTbpFee BloFinbpOrdersPrice spread, now +0.181%Rate

Funding earned: $50.4
Price spread: +0.181% → +0.105%: $7.61
Slippage, 4 orders: −$29.64
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee BloFin: 6 bp × 2 orders: −$12
Net: $7.37
Costs to cover: 0.506%
Break-even: 6.0 days

Slippage from GRVT: live order book, 5 min ago; BloFin: live order book, 5 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 GRVT live order book, 5 min ago	4.77 bp	12.0 bp −$12	56.6 bp −$566	doesn't fit	doesn't fit
Sell BloFin live order book, 5 min ago	0.48 bp	11.0 bp −$11	21.7 bp −$217	76.3 bp −$7,626	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	−0.0066%	4h	0.2100	+0.105%	$41K	$24K	10x	as long as short
Backpack ENA_USDC_PERP	−0.0048%	1h	0.2100	+0.139%	$362K	$481K	5x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2100	+0.139%	$93K	$1.8M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2101	+0.143%	$96K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+1.230%	$522	$57K	5.5x	as long as short
Kraken Futures PF_ENAUSD	+0.0066%	1h	0.2100	+0.127%	$2.6M	$5.6M	50x	as long as short
01 Exchange ENAUSD	+0.0096%	1h	0.2098	+0.034%	$4K	$432	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2097	−0.028%	$59K	$537K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2097	−0.023%	$47K	$221	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2097	−0.016%	$659K	$1.8M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ENAUSDT	+0.0100%	4h	0.2099	+0.043%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2098	0.000%	$406K	$581K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2098	+0.008%	$129.3M	$460.3M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2098	+0.005%	$87.2M	$191.9M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2099	+0.058%	$20.3M	$112.5M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2098	+0.024%	$21K	$415K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2098	+0.019%	$82K	$222K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2098	+0.012%	$88K	$1K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2097	−0.014%	$10.5M	$21.2M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2097	−0.014%	$45.0M	$46.7M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2098	+0.024%	$24.0M	$16.5M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2096	−0.076%	$47.5M	$65.2M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2097	−0.024%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2096	−0.066%	$3.8M	$10.4M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2098	0.000%	$249K	$7.8M	20x	as long as short
GRVT ENA_USDT_Perplong	+0.0100%	4h	0.2098	long leg	$354K	$4.6M	10x
ApeX Omni ENAUSDT	+0.0100%	1h	0.2098	+0.019%	$32K	$711K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2101	+0.153%	$188K	$2.8M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2047	−2.393%	$1K	$814K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2100	+0.115%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2102	+0.220%	$274K	$1.5M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2099	+0.067%	$1.9M	$9.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2100	+0.106%	$77K	$11K	3x	as long as short
Phoenix ENA	+0.0115%	1h	0.2099	+0.067%	$5K	$356K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0227% / S −0.0378%	1h	0.2100	+0.124%	$38K	—	100x	as long as short
Extended ENA-USD	+0.0288%	1h	0.2097	−0.050%	$1.6M	$4.2M	50x	as long as short
BloFin ENA-USDTshort	+0.0340%	4h	0.2101	+0.181%	$5.5M	$8.1M	75x
Reya ENARUSDPERP	+0.0412%	1h	0.2100	+0.123%	$1K	$5K	15x	as long as short
Lighter ENA	+0.0520%	1h	0.2100	+0.124%	$5.6M	$12.9M	10x	as long as short
Hyperliquid ENA	+0.0564%	1h	0.2101	+0.162%	$110.9M	$79.5M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0576%	1h	0.2102	+0.196%	$803K	$2.1M	50x	as long as short
dYdX ENA-USD	+0.1906%	1h	0.2097	−0.044%	$139K	$15K	5x	as long as short