Funding you earn now, next payment 22:00 UTC−0.0011%/8h= −1.2% APRnext payment −$0.01 per $10,000 · paid last 24h +0.050%
Price spread now: Coinbase International against Hyperliquid−0.108%7-day average +0.062% · you buy dearer than you sell
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
costs, in and out, $10k−$590.590% of the position
Funding, last 7 days+0.217%+$22 on $10k
+Price spread, last 3 days (all we have)+0.195%+$20 · spread now −0.108%, 7d avg +0.062%
=Together, before fees+0.412%+ Points / potential airdropHyperliquid: Season 2 · farm board+$41 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Coinbase International is 0.170% cheaper against Hyperliquid than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of +0.062%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.217%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ENA | 0.2123 | 0.0587 | pay 0.0073% / 1h | 0m 51s | $112.2M | $78.6M | 10x |
| Short | Coinbase International ENA-PERP-INTX | 0.2121 | 0.0576 | get 0.0072% / 1h | 0m 51s | $837K | $2.2M | 50x |
Hyperliquid ENA
Coinbase International ENA-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$2.39
- Price spread: −0.108% → +0.062%
- −$16.99
- Slippage, 4 orders
- −$39.96
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$78.34
- Costs to cover
- 0.590%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 3 min ago; Coinbase International: 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 Hyperliquid live order book, 3 min ago | 1.65 bp | 7.4 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 3 min ago | 9.69 bp | 23.2 bp −$23 | 24.3 bp −$243 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ENA_USDC | −0.0036% | 4h | 0.2118 | −0.245% | $41K | $24K | 10x | as long as short |
| gTrade (Gains Network) ENA/USD | L +0.0003% / S −0.0003% | 1h | 0.2117 | −0.295% | $102K | — | 150x | as long as short |
| Backpack ENA_USDC_PERP | +0.0005% | 1h | 0.2125 | +0.066% | $375K | $447K | 5x | as long as short |
| Injective ENA/USDC PERP | +0.0033% | 1h | 0.2123 | +0.009% | $522 | $57K | 5.5x | as long as short |
| Kraken Futures PF_ENAUSD | +0.0065% | 1h | 0.2123 | −0.026% | $2.7M | $5.5M | 50x | as long as short |
| Popdex ENAUSDT | +0.0096% | 1h | 0.2115 | −0.386% | $62K | $530K | 50x | as long as short |
| Paradex ENA-USD-PERP | +0.0100% | 8h | 0.2114 | −0.422% | $47K | $221 | 10x | as long as short |
| Nado ENA-PERP | +0.0100% | 1h | 0.2117 | −0.316% | $665K | $1.8M | 10x | as long as short |
| Aster ENAUSDT | +0.0100% | 4h | 0.2122 | −0.042% | $1.5M | $3.3M | 50x | as long as short |
| Pacifica ENA | +0.0100% | 1h | 0.2115 | −0.387% | $409K | $575K | 10x | as long as short |
Orderly PERP_ENA_USDC
gTrade (Gains Network) ENA/USD
Backpack ENA_USDC_PERP
Injective ENA/USDC PERP
Kraken Futures PF_ENAUSD
Popdex ENAUSDT
Paradex ENA-USD-PERP
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 | 0.2121 | −0.110% | $131.2M | $455.4M | 75x | as long as short |
| Bybit ENAUSDT | +0.0100% | 4h | 0.2120 | −0.155% | $89.0M | $191.1M | 50x | as long as short |
| OKX ENA-USDT-SWAP | +0.0100% | 4h | 0.2120 | −0.146% | $20.5M | $112.3M | 50x | as long as short |
| Ondo Perps ENA-USD.P | +0.0100% | 1h | 0.2105 | −0.838% | $15K | $398K | 5x | as long as short |
| Arcus ENA-USD | +0.0100% | 1h | 0.2116 | −0.339% | $83K | $220K | 10x | as long as short |
| Bulk ENA-USD | +0.0100% | 1h | 0.2099 | −1.127% | $89K | $500 | 10x | as long as short |
| Gate ENA_USDT | +0.0100% | 4h | 0.2122 | −0.080% | $10.8M | $21.6M | 50x | as long as short |
| MEXC ENA_USDT | +0.0100% | 4h | 0.2121 | −0.089% | $46.7M | $47.3M | 200x | as long as short |
| KuCoin ENAUSDTM | +0.0100% | 4h | 0.2122 | −0.042% | $24.1M | $16.3M | 75x | as long as short |
| Bitget ENAUSDT | +0.0100% | 4h | 0.2119 | −0.198% | $48.0M | $64.8M | 75x | as long as short |
| BingX ENA-USDT | +0.0100% | 4h | 0.2121 | −0.104% | — | $32.7M | — | as long as short |
| Variational Omni ENA | +0.0100% | 4h | 0.2109 | −0.652% | $3.8M | $10.3M | — | as long as short |
| edgeX ENAUSDC | +0.0100% | 4h | 0.2112 | −0.535% | $251K | $7.7M | 20x | as long as short |
| GRVT ENA_USDT_Perp | +0.0100% | 4h | 0.2107 | −0.763% | $349K | $4.6M | 10x | as long as short |
| ApeX Omni ENAUSDT | +0.0100% | 1h | 0.2111 | −0.575% | $32K | $710K | 50x | as long as short |
| Polymarket Perps ENA-USD | +0.0100% | 1h | 0.2117 | −0.297% | $178K | $2.6M | 10x | as long as short |
| SunX ENA-USDT | +0.0100% | 4h | 0.2063 | −2.817% | $1K | $819K | 20x | as long as short |
| SoDEX ENA-USD | +0.0100% | 1h | 0.2122 | −0.057% | $4K | $14K | 10x | as long as short |
| HTX ENA-USDT | +0.0100% | 4h | 0.2129 | +0.250% | $275K | $1.5M | 50x | as long as short |
| Phemex ENAUSDT | +0.0100% | 4h | 0.2119 | −0.198% | $2.0M | $9.2M | 50x | as long as short |
| Aevo ENA-PERP | +0.0104% | 1h | 0.2119 | −0.179% | $78K | $11K | 3x | as long as short |
| Phoenix ENA | +0.0115% | 1h | 0.2109 | −0.645% | $5K | $356K | 10x | as long as short |
| Deribit ENA_USDC-PERPETUAL | +0.0127% | 1h | 0.2120 | −0.127% | $92K | $1.8M | 50x | as long as short |
| 01 Exchange ENAUSD | +0.0144% | 1h | 0.2116 | −0.330% | $4K | $312 | 10x | as long as short |
| GMX ENA/USD [ETH-USDC] | L +0.0250% / S −0.0434% | 1h | 0.2117 | −0.306% | $38K | — | 100x | as long as short |
| BloFin ENA-USDT | +0.0340% | 4h | 0.2117 | −0.297% | $5.6M | $8.1M | 75x | as long as short |
| Extended ENA-USD | +0.0352% | 1h | 0.2121 | −0.102% | $1.6M | $4.2M | 50x | as long as short |
| Reya ENARUSDPERP | +0.0412% | 1h | 0.2116 | −0.322% | $1K | $5K | 15x | as long as short |
| Lighter ENA | +0.0560% | 1h | 0.2124 | +0.047% | $5.7M | $12.9M | 10x | as long as short |
| Coinbase International ENA-PERP-INTXshort | +0.0576% | 1h | 0.2121 | −0.108% | $837K | $2.2M | 50x | |
| Hyperliquid ENAlong | +0.0587% | 1h | 0.2123 | long leg | $112.2M | $78.6M | 10x | |
| dYdX ENA-USD | +0.1978% | 1h | 0.2113 | −0.504% | $140K | $15K | 5x | 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-USDT
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
Phemex ENAUSDT
Aevo ENA-PERP
Phoenix ENA
Deribit ENA_USDC-PERPETUAL
01 Exchange ENAUSD
GMX ENA/USD [ETH-USDC]
BloFin ENA-USDT
Extended ENA-USD
Reya ENARUSDPERP
Lighter ENA
dYdX ENA-USD