ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0556%/8h= −60.9% APRnext payment −$0.70 per $10,000 · paid last 24h −0.095%

Price spread now: Nado against Hyperliquid−0.106%7-day average −0.076% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$310.305% of the position

Long on Hyperliquid Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.204%−$20 on $10k

Price spread, last 3 days (all we have)+0.230%+$23 · spread now −0.106%, 7d avg −0.076%

Together, before fees+0.025%+ Points / potential airdropHyperliquid: Season 2 · Nado: Active · farm board+$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Nado is 0.030% cheaper against Hyperliquid than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.076%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ENA	0.2122	0.0656	pay 0.0082% / 1h	43m 32s	$114.4M	$76.4M	10x
Short	Nado ENA-PERP	0.2120	0.0100	get 0.0012% / 1h	43m 32s	$670K	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Hyperliquid. 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 HyperliquidbpFee NadobpOrdersPrice spread, now −0.106%Rate

Funding earned: −$116.76
Price spread: −0.106% → −0.076%: −$3.02
Slippage, 4 orders: −$14.51
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$150.3
Costs to cover: 0.305%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 10 min ago; Nado: 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 Hyperliquid live order book, 10 min ago	1.88 bp	7.7 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 5 min ago	0.95 bp	6.5 bp −$6	18.4 bp −$184	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	−0.0052%	1h	0.2115	−0.353%	$376K	$417K	5x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2112	−0.466%	$91K	$1.7M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2113	−0.456%	$96K	—	150x	as long as short
Orderly PERP_ENA_USDC	+0.0020%	4h	0.2112	−0.476%	$41K	$23K	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.052%	$522	$57K	5.5x	as long as short
dYdX ENA-USD	+0.0048%	1h	0.2118	−0.182%	$140K	$15K	5x	as long as short
Gate ENA_USDT	+0.0094%	4h	0.2119	−0.165%	$10.8M	$20.7M	50x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2120	−0.108%	$63K	$524K	50x	as long as short
Nado ENA-PERPshort	+0.0100%	1h	0.2120	−0.106%	$670K	$1.8M	10x
Aster ENAUSDT	+0.0100%	4h	0.2120	−0.124%	$1.5M	$3.3M	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	0.2119	−0.136%	$411K	$555K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2121	−0.060%	$131.6M	$446.7M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2121	−0.075%	$89.2M	$187.2M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2121	−0.061%	$20.7M	$109.5M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2117	−0.254%	$15K	$399K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2120	−0.108%	$84K	$222K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2113	−0.438%	$89K	−$0	10x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2119	−0.141%	$46.3M	$44.2M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2120	−0.085%	$24.4M	$16.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2119	−0.170%	$48.1M	$62.1M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2120	−0.118%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2114	−0.371%	$3.8M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2115	−0.328%	$246K	$7.6M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2116	−0.282%	$355K	$4.7M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2117	−0.250%	$34K	$710K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2112	−0.476%	$179K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2064	−2.766%	$1K	$829K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2113	−0.438%	$4K	$10K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2117	−0.250%	$275K	$1.4M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2114	−0.391%	$1.9M	$9.3M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2119	−0.142%	$47K	$221	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2111	−0.515%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0150%	1h	0.2117	−0.250%	$7K	$347K	10x	as long as short
01 Exchange ENAUSD	+0.0208%	1h	0.2122	−0.005%	$4K	$302	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0236%	1h	0.2115	−0.347%	$2.7M	$5.1M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0250% / S −0.0434%	1h	0.2112	−0.469%	$38K	—	100x	as long as short
Extended ENA-USD	+0.0256%	1h	0.2118	−0.202%	$1.6M	$4.3M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2116	−0.287%	$5.6M	$3.8M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2112	−0.487%	$1K	$5K	15x	as long as short
Lighter ENA	+0.0584%	1h	0.2122	−0.014%	$5.6M	$12.5M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0608%	1h	0.2121	−0.061%	$837K	$1.9M	50x	as long as short
Hyperliquid ENAlong	+0.0656%	1h	0.2122	long leg	$114.4M	$76.4M	10x