Funding you earn now, next payment 02:00 UTC−0.0391%/8h= −42.8% APRnext payment −$0.49 per $10,000 · paid last 24h −0.096%
Price spread now: ApeX Omni against Hyperliquid+0.194%7-day average −0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs−$84as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$610.611% of the position
Funding, last 7 days−0.234%−$23 on $10k
+Price spread, last 3 days (all we have)−0.289%−$29 · spread now +0.194%, 7d avg −0.051%
=Together, before fees−0.523%+ Points / potential airdropHyperliquid: Season 2 · farm board−$52 on $10k · with fees, hour by hour
The price spread pays, funding is against you. ApeX Omni is 0.245% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.194% now, against its 7-day average of −0.051%): +$24 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 2.1 days. At the pace of the last 7 days (−0.234% in total) that is about 7.3 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.234% in total (about -12.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.49 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 | Hyperliquid ENA | 0.2117 | 0.0491 | pay 0.0061% / 1h | 55m 13s | $114.0M | $74.8M | 10x |
| Short | ApeX Omni ENAUSDT | 0.2121 | 0.0100 | get 0.0013% / 1h | 55m 13s | $33K | $689K | 50x |
Hyperliquid ENA
ApeX Omni ENAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Hyperliquid. 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
- −$82.12
- Price spread: +0.194% → −0.051%
- $24.48
- Slippage, 4 orders
- −$42.06
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$118.7
- Costs to cover
- 0.611%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 9 min ago; ApeX Omni: live order book, 13 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 Hyperliquid live order book, 9 min ago | 0.23 bp | 9.4 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 13 min ago | 11.52 bp | 20.5 bp −$21 | 146.8 bp −$1,468 | 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 | −0.0009% | 1h | 0.2112 | −0.217% | $365K | $383K | 5x | as long as short |
| Deribit ENA_USDC-PERPETUAL | 0.0000% | 1h | 0.2114 | −0.118% | $79K | $1.6M | 50x | as long as short |
| gTrade (Gains Network) ENA/USD | L +0.0004% / S −0.0004% | 1h | 0.2115 | −0.098% | $91K | — | 150x | as long as short |
| 01 Exchange ENAUSD | +0.0008% | 1h | 0.2112 | −0.246% | $4K | $302 | 10x | as long as short |
| Injective ENA/USDC PERP | +0.0033% | 1h | 0.2123 | +0.307% | $522 | $57K | 5.5x | as long as short |
| Orderly PERP_ENA_USDC | +0.0034% | 4h | 0.2114 | −0.161% | $41K | $23K | 10x | as long as short |
| dYdX ENA-USD | +0.0089% | 1h | 0.2116 | −0.046% | $140K | $15K | 5x | as long as short |
| Popdex ENAUSDT | +0.0096% | 1h | 0.2114 | −0.137% | $52K | $526K | 50x | as long as short |
| Aster ENAUSDT | +0.0100% | 4h | 0.2115 | −0.068% | $1.5M | $3.3M | 50x | as long as short |
| Pacifica ENA | +0.0100% | 1h | 0.2115 | −0.073% | $416K | $548K | 10x | as long as short |
Backpack ENA_USDC_PERP
Deribit ENA_USDC-PERPETUAL
gTrade (Gains Network) ENA/USD
01 Exchange ENAUSD
Injective ENA/USDC PERP
Orderly PERP_ENA_USDC
dYdX ENA-USD
Popdex ENAUSDT
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 | 0.2116 | −0.023% | $131.5M | $443.8M | 75x | as long as short |
| Bybit ENAUSDT | +0.0100% | 4h | 0.2114 | −0.118% | $86.8M | $186.6M | 50x | as long as short |
| OKX ENA-USDT-SWAP | +0.0100% | 4h | 0.2115 | −0.066% | $21.0M | $108.7M | 50x | as long as short |
| Ondo Perps ENA-USD.P | +0.0100% | 1h | 0.2129 | +0.562% | $17K | $409K | 5x | as long as short |
| Arcus ENA-USD | +0.0100% | 1h | 0.2115 | −0.090% | $115K | $253K | 10x | as long as short |
| Bulk ENA-USD | +0.0100% | 1h | 0.2127 | +0.493% | $93K | $4K | 10x | as long as short |
| Gate ENA_USDT | +0.0100% | 4h | 0.2114 | −0.137% | $10.7M | $20.6M | 50x | as long as short |
| MEXC ENA_USDT | +0.0100% | 4h | 0.2117 | 0.000% | $44.7M | $43.4M | 200x | as long as short |
| KuCoin ENAUSDTM | +0.0100% | 4h | 0.2115 | −0.099% | $24.4M | $16.4M | 75x | as long as short |
| Bitget ENAUSDT | +0.0100% | 4h | 0.2114 | −0.137% | $47.9M | $61.2M | 75x | as long as short |
| BingX ENA-USDC | +0.0100% | 4h | 0.2115 | −0.090% | — | $6.5M | — | as long as short |
| Variational Omni ENA | +0.0100% | 4h | 0.2113 | −0.207% | $3.8M | $10.0M | — | as long as short |
| edgeX ENAUSDC | +0.0100% | 4h | 0.2124 | +0.355% | $246K | $7.5M | 20x | as long as short |
| GRVT ENA_USDT_Perp | +0.0100% | 4h | 0.2122 | +0.241% | $359K | $4.8M | 10x | as long as short |
| ApeX Omni ENAUSDTshort | +0.0100% | 1h | 0.2121 | +0.194% | $33K | $689K | 50x | |
| Polymarket Perps ENA-USD | +0.0100% | 1h | 0.2115 | −0.080% | $178K | $2.4M | 10x | as long as short |
| SunX ENA-USDT | +0.0100% | 4h | 0.2063 | −2.551% | $1K | $841K | 20x | as long as short |
| SoDEX ENA-USD | +0.0100% | 1h | 0.2115 | −0.090% | $4K | $10K | 10x | as long as short |
| HTX ENA-USDT | +0.0100% | 4h | 0.2122 | +0.265% | $274K | $1.0M | 50x | as long as short |
| Phemex ENAUSDT | +0.0100% | 4h | 0.2117 | +0.005% | $1.9M | $9.4M | 50x | as long as short |
| Paradex ENA-USD-PERP | +0.0100% | 8h | 0.2114 | −0.126% | $47K | $110 | 10x | as long as short |
| Aevo ENA-PERP | +0.0104% | 1h | 0.2114 | −0.151% | $74K | $4K | 3x | as long as short |
| Nado ENA-PERP | +0.0107% | 1h | 0.2114 | −0.116% | $697K | $1.8M | 10x | as long as short |
| Phoenix ENA | +0.0150% | 1h | 0.2128 | +0.505% | $7K | $351K | 10x | as long as short |
| GMX ENA/USD [ETH-USDC] | L +0.0251% / S −0.0206% | 1h | 0.2115 | −0.086% | $50K | — | 100x | as long as short |
| Kraken Futures PF_ENAUSD | +0.0252% | 1h | 0.2117 | −0.005% | $2.7M | $5.0M | 50x | as long as short |
| Lighter ENA | +0.0264% | 1h | 0.2117 | +0.028% | $5.5M | $13.5M | 10x | as long as short |
| Extended ENA-USD | +0.0328% | 1h | 0.2113 | −0.168% | $1.6M | $4.1M | 50x | as long as short |
| BloFin ENA-USDT | +0.0340% | 4h | 0.2111 | −0.269% | $5.7M | $2.0M | 75x | as long as short |
| Reya ENARUSDPERP | +0.0412% | 1h | 0.2115 | −0.110% | $1K | $5K | 15x | as long as short |
| Hyperliquid ENAlong | +0.0491% | 1h | 0.2117 | long leg | $114.0M | $74.8M | 10x | |
| Coinbase International ENA-PERP-INTX | +0.0648% | 1h | 0.2115 | −0.076% | $831K | $1.7M | 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
Variational Omni ENA
edgeX ENAUSDC
GRVT ENA_USDT_Perp
Polymarket Perps ENA-USD
SunX ENA-USDT
SoDEX ENA-USD
HTX ENA-USDT
Phemex ENAUSDT
Paradex ENA-USD-PERP
Aevo ENA-PERP
Nado ENA-PERP
Phoenix ENA
GMX ENA/USD [ETH-USDC]
Kraken Futures PF_ENAUSD
Lighter ENA
Extended ENA-USD
BloFin ENA-USDT
Reya ENARUSDPERP
Coinbase International ENA-PERP-INTX