ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0400%/8h= −43.8% APRnext payment −$0.50 per $10,000 · paid last 24h −0.097%

Price spread now: Popdex against Hyperliquid−0.236%7-day average −0.113% · 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−$58as in the Price arb table

costs, in and out, $10k−$460.458% of the position

Long on Hyperliquid Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.232%−$23 on $10k

Price spread, last 4 days (all we have)−0.058%−$6 · spread now −0.236%, 7d avg −0.113%

Together, before fees−0.290%+ Points / potential airdropHyperliquid: Season 2 · farm board−$29 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Popdex is 0.123% cheaper against Hyperliquid than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.113%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ENA	0.2119	0.0496	pay 0.0062% / 1h	54m 49s	$114.1M	$74.8M	10x
Short	Popdex ENAUSDT	0.2114	0.0096	get 0.0012% / 1h	54m 49s	$52K	$526K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now −0.236%Rate

Funding earned: −$84.03
Price spread: −0.236% → −0.113%: −$12.29
Slippage, 4 orders: −$30.39
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$142.11
Costs to cover: 0.458%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 9 min ago; Popdex: live order book, 14 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 Popdex live order book, 14 min ago	2.54 bp	16.2 bp −$16	95.2 bp −$952	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
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2114	−0.217%	$79K	$1.6M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2115	−0.197%	$91K	—	150x	as long as short
01 Exchange ENAUSD	+0.0008%	1h	0.2112	−0.345%	$4K	$302	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.208%	$522	$57K	5.5x	as long as short
Orderly PERP_ENA_USDC	+0.0034%	4h	0.2114	−0.260%	$41K	$23K	10x	as long as short
Backpack ENA_USDC_PERP	+0.0035%	1h	0.2117	−0.104%	$366K	$383K	5x	as long as short
dYdX ENA-USD	+0.0089%	1h	0.2116	−0.145%	$140K	$15K	5x	as long as short
Popdex ENAUSDTshort	+0.0096%	1h	0.2114	−0.236%	$52K	$526K	50x
Aster ENAUSDT	+0.0100%	4h	0.2115	−0.167%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2115	−0.172%	$416K	$548K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ENAUSDT	+0.0100%	4h	0.2116	−0.122%	$131.5M	$443.8M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2115	−0.184%	$86.9M	$186.2M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2116	−0.123%	$21.0M	$108.8M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2129	+0.462%	$17K	$409K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2115	−0.189%	$115K	$253K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2127	+0.394%	$93K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2116	−0.146%	$10.7M	$20.6M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2117	−0.099%	$44.7M	$43.4M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2118	−0.066%	$24.4M	$16.4M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2115	−0.170%	$47.9M	$61.2M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2116	−0.151%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2113	−0.306%	$3.8M	$10.0M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2124	+0.255%	$246K	$7.5M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2122	+0.142%	$359K	$4.8M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2121	+0.094%	$33K	$689K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2115	−0.179%	$178K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2063	−2.647%	$1K	$841K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2115	−0.189%	$4K	$10K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2122	+0.165%	$274K	$1.0M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2117	−0.094%	$1.9M	$9.4M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2114	−0.225%	$47K	$110	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2114	−0.250%	$74K	$4K	3x	as long as short
Nado ENA-PERP	+0.0107%	1h	0.2114	−0.215%	$697K	$1.8M	10x	as long as short
Phoenix ENA	+0.0150%	1h	0.2128	+0.406%	$7K	$351K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0251% / S −0.0206%	1h	0.2115	−0.185%	$50K	—	100x	as long as short
Kraken Futures PF_ENAUSD	+0.0252%	1h	0.2117	−0.104%	$2.7M	$5.0M	50x	as long as short
Lighter ENA	+0.0264%	1h	0.2117	−0.071%	$5.5M	$13.5M	10x	as long as short
Extended ENA-USD	+0.0328%	1h	0.2116	−0.142%	$1.6M	$4.1M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2111	−0.368%	$5.7M	$2.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2115	−0.209%	$1K	$5K	15x	as long as short
Hyperliquid ENAlong	+0.0496%	1h	0.2119	long leg	$114.1M	$74.8M	10x
Coinbase International ENA-PERP-INTX	+0.0648%	1h	0.2115	−0.175%	$831K	$1.7M	50x	as long as short