Funding you earn now, next payment 22:00 UTC−0.0250%/8h= −27.4% APRnext payment −$0.31 per $10,000 · paid last 24h −0.080%
Price spread now: Ondo Perps against Hyperliquid+0.330%7-day average −0.059% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.223%−$22 on $10k
+Price spread, last 4 days (all we have)−0.916%−$92 · spread now +0.330%, 7d avg −0.059%
=Together, before fees−1.139%+ Points / potential airdropHyperliquid: Season 2 · Ondo Perps: Active · farm board−$114 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Ondo Perps is 0.389% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.330% now, against its 7-day average of −0.059%): +$39 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 5.2 days. At the pace of the last 7 days (−0.223% in total) that is about 12 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ENA | 0.2094 | 0.0350 | pay 0.0044% / 1h | 13m 27s | $110.4M | $80.8M | 10x |
| Short | Ondo Perps ENA-USD.P | 0.2100 | 0.0100 | get 0.0013% / 1h | 13m 27s | $19K | $424K | 5x |
Hyperliquid ENA
Ondo Perps ENA-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps 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
- −$52.5
- Price spread: +0.330% → −0.059%
- $38.88
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$27.62
- Costs to cover
- 0.140%
- Break-even
- from the start
Slippage unknown: Hyperliquid: live order book, 10 min ago; Ondo Perps: no order-book sample. Net counts fees only.
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 | 0.24 bp | 7.6 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0280% | 1h | 0.2094 | +0.043% | $360K | $484K | 5x | as long as short |
| Orderly PERP_ENA_USDC | −0.0082% | 4h | 0.2095 | +0.081% | $41K | $23K | 10x | as long as short |
| 01 Exchange ENAUSD | −0.0008% | 1h | 0.2091 | −0.115% | $4K | $432 | 10x | as long as short |
| Deribit ENA_USDC-PERPETUAL | 0.0000% | 1h | 0.2096 | +0.119% | $93K | $1.8M | 50x | as long as short |
| gTrade (Gains Network) ENA/USD | L +0.0003% / S −0.0003% | 1h | 0.2096 | +0.112% | $96K | — | 150x | as long as short |
| Injective ENA/USDC PERP | +0.0033% | 1h | 0.2123 | +1.428% | $522 | $57K | 5.5x | as long as short |
| Gate ENA_USDT | +0.0058% | 4h | 0.2091 | −0.134% | $10.4M | $21.7M | 50x | as long as short |
| Phoenix ENA | +0.0076% | 1h | 0.2094 | +0.048% | $5K | $394K | 10x | as long as short |
| Popdex ENAUSDT | +0.0096% | 1h | 0.2090 | −0.167% | $59K | $538K | 50x | as long as short |
| Paradex ENA-USD-PERP | +0.0100% | 8h | 0.2091 | −0.138% | $47K | $221 | 10x | as long as short |
Backpack ENA_USDC_PERP
Orderly PERP_ENA_USDC
01 Exchange ENAUSD
Deribit ENA_USDC-PERPETUAL
gTrade (Gains Network) ENA/USD
Injective ENA/USDC PERP
Gate ENA_USDT
Phoenix ENA
Popdex ENAUSDT
Paradex ENA-USD-PERPShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado ENA-PERP | +0.0100% | 1h | 0.2091 | −0.105% | $656K | $1.8M | 10x | as long as short |
| Aster ENAUSDT | +0.0100% | 4h | 0.2094 | +0.004% | $1.5M | $3.3M | 50x | as long as short |
| Pacifica ENA | +0.0100% | 1h | 0.2092 | −0.069% | $405K | $593K | 10x | as long as short |
| Binance ENAUSDT | +0.0100% | 4h | 0.2091 | −0.104% | $128.9M | $465.5M | 75x | as long as short |
| Bybit ENAUSDT | +0.0100% | 4h | 0.2090 | −0.148% | $87.2M | $193.4M | 50x | as long as short |
| OKX ENA-USDT-SWAP | +0.0100% | 4h | 0.2091 | −0.124% | $20.2M | $113.4M | 50x | as long as short |
| Ondo Perps ENA-USD.Pshort | +0.0100% | 1h | 0.2100 | +0.330% | $19K | $424K | 5x | |
| Arcus ENA-USD | +0.0100% | 1h | 0.2092 | −0.072% | $82K | $223K | 10x | as long as short |
| Bulk ENA-USD | +0.0100% | 1h | 0.2107 | +0.645% | $89K | $2K | 10x | as long as short |
| MEXC ENA_USDT | +0.0100% | 4h | 0.2092 | −0.076% | $45.8M | $49.3M | 200x | as long as short |
| KuCoin ENAUSDTM | +0.0100% | 4h | 0.2093 | −0.038% | $24.2M | $16.5M | 75x | as long as short |
| Bitget ENAUSDT | +0.0100% | 4h | 0.2090 | −0.153% | $47.3M | $66.1M | 75x | as long as short |
| BingX ENA-USDC | +0.0100% | 4h | 0.2091 | −0.100% | — | $6.5M | — | as long as short |
| Variational Omni ENA | +0.0100% | 4h | 0.2096 | +0.141% | $3.8M | $10.4M | — | as long as short |
| edgeX ENAUSDC | +0.0100% | 4h | 0.2098 | +0.196% | $249K | $8.0M | 20x | as long as short |
| GRVT ENA_USDT_Perp | +0.0100% | 4h | 0.2100 | +0.293% | $351K | $4.6M | 10x | as long as short |
| ApeX Omni ENAUSDT | +0.0100% | 1h | 0.2098 | +0.215% | $32K | $711K | 50x | as long as short |
| Polymarket Perps ENA-USD | +0.0100% | 1h | 0.2091 | −0.100% | $182K | $3.0M | 10x | as long as short |
| SunX ENA-USDT | +0.0100% | 4h | 0.2045 | −2.326% | $1K | $809K | 20x | as long as short |
| SoDEX ENA-USD | +0.0100% | 1h | 0.2096 | +0.119% | $4K | $14K | 10x | as long as short |
| HTX ENA-USDT | +0.0100% | 4h | 0.2099 | +0.282% | $272K | $1.6M | 50x | as long as short |
| Phemex ENAUSDT | +0.0100% | 4h | 0.2095 | +0.072% | $1.9M | $9.3M | 50x | as long as short |
| Aevo ENA-PERP | +0.0104% | 1h | 0.2096 | +0.125% | $77K | $11K | 3x | as long as short |
| Kraken Futures PF_ENAUSD | +0.0104% | 1h | 0.2096 | +0.141% | $2.6M | $5.8M | 50x | as long as short |
| Extended ENA-USD | +0.0168% | 1h | 0.2090 | −0.154% | $1.6M | $4.2M | 50x | as long as short |
| GMX ENA/USD [ETH-USDC] | L +0.0214% / S −0.0163% | 1h | 0.2096 | +0.096% | $50K | — | 100x | as long as short |
| Lighter ENA | +0.0312% | 1h | 0.2094 | +0.024% | $5.6M | $13.2M | 10x | as long as short |
| BloFin ENA-USDT | +0.0340% | 4h | 0.2097 | +0.158% | $5.5M | $8.1M | 75x | as long as short |
| Hyperliquid ENAlong | +0.0350% | 1h | 0.2094 | long leg | $110.4M | $80.8M | 10x | |
| Reya ENARUSDPERP | +0.0412% | 1h | 0.2090 | −0.167% | $1K | $5K | 15x | as long as short |
| Coinbase International ENA-PERP-INTX | +0.0536% | 1h | 0.2103 | +0.454% | $805K | $2.2M | 50x | as long as short |
| dYdX ENA-USD | +0.5658% | 1h | 0.2094 | +0.044% | $138K | $15K | 5x | as long as short |
Nado ENA-PERP
Aster ENAUSDT
Pacifica ENA
Binance ENAUSDT
Bybit ENAUSDT
OKX ENA-USDT-SWAP
Arcus ENA-USD
Bulk ENA-USD
MEXC ENA_USDT
KuCoin ENAUSDTM
Bitget ENAUSDT
BingX ENA-USDC
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
Kraken Futures PF_ENAUSD
Extended ENA-USD
GMX ENA/USD [ETH-USDC]
Lighter ENA
BloFin ENA-USDT
Reya ENARUSDPERP
Coinbase International ENA-PERP-INTX
dYdX ENA-USD