ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0487%/8h= −53.4% APRnext payment −$0.61 per $10,000 · paid last 24h −0.083%

Price spread now: Polymarket Perps against Hyperliquid−0.297%7-day average −0.062% · you buy dearer than you sell

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$310.308% of the position

Long on Hyperliquid Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.468%−$47 on $10k

Price spread, last 7 days+0.348%+$35 · spread now −0.297%, 7d avg −0.062%

Together, before fees−0.120%+ Points / potential airdropHyperliquid: Season 2 · farm board−$12 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Polymarket Perps is 0.235% cheaper against Hyperliquid than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of −0.062%). Swap the legs.

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 38s	$112.2M	$78.6M	10x
Short	Polymarket Perps ENA-USD	0.2117	0.0100	get 0.0013% / 1h	0m 38s	$178K	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket 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 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 Polymarket PerpsbpOrdersPrice spread, now −0.297%Rate

Funding earned: −$102.35
Price spread: −0.297% → −0.062%: −$23.48
Slippage, 4 orders: −$13.83
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$156.66
Costs to cover: 0.308%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 3 min ago; Polymarket Perps: 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 Polymarket Perps live order book, 3 min ago	2.13 bp	6.1 bp −$6	8.7 bp −$87	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
Nado ENA-PERP	+0.0100%	1h	0.2117	−0.316%	$665K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2120	−0.143%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2120	−0.170%	$410K	$575K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2119	−0.221%	$131.0M	$455.3M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ENAUSDT	+0.0100%	4h	0.2119	−0.188%	$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	0.2117	−0.273%	$15K	$400K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2121	−0.104%	$83K	$220K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2122	−0.075%	$89K	$500	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2119	−0.203%	$10.8M	$21.6M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2119	−0.174%	$46.7M	$47.3M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2121	−0.118%	$24.1M	$16.4M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2118	−0.231%	$48.0M	$64.8M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2119	−0.174%	—	$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-USDshort	+0.0100%	1h	0.2117	−0.297%	$178K	$2.6M	10x
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
Paradex ENA-USD-PERP	+0.0100%	8h	0.2119	−0.180%	$47K	$221	10x	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	+0.0152%	1h	0.2121	−0.099%	$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	0.2120	−0.170%	$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	+0.0568%	1h	0.2123	−0.024%	$5.7M	$12.9M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0576%	1h	0.2121	−0.108%	$837K	$2.2M	50x	as long as short
Hyperliquid ENAlong	+0.0587%	1h	0.2123	long leg	$112.2M	$78.6M	10x
dYdX ENA-USD	+0.1985%	1h	0.2120	−0.149%	$140K	$15K	5x	as long as short