ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0188%/8h= +20.6% APRnext payment +$0.24 per $10,000 · paid last 24h +0.017%

Price spread now: Reya against Hyperliquid−0.124%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · Reya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.124% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.124% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 2.2 days of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ENA	0.2104	0.0224	pay 0.0028% / 1h	56m 05s	$111.7M	$81.4M	10x
Short	Reya ENARUSDPERP	0.2101	0.0412	get 0.0051% / 1h	56m 05s	$1K	$5K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.124%Rate

Funding earned: $39.58
Price spread: −0.124% → 0.000%: −$12.44
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Reya: 3 bp × 2 orders: −$6
Net: $12.14
Costs to cover: 0.150%
Break-even: 4.9 days

Slippage unknown: Hyperliquid: live order book, 8 min ago; Reya: 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, 8 min ago	0.47 bp	9.1 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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	−0.0531%	1h	0.2101	−0.119%	$362K	$487K	5x	as long as short
Orderly PERP_ENA_USDC	−0.0096%	4h	0.2100	−0.190%	$42K	$22K	10x	as long as short
01 Exchange ENAUSD	−0.0040%	1h	0.2103	−0.033%	$4K	$432	10x	as long as short
Gate ENA_USDT	−0.0030%	4h	0.2100	−0.181%	$10.4M	$21.4M	50x	as long as short
Phoenix ENA	0.0000%	1h	0.2107	+0.143%	$5K	$394K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2100	−0.166%	$93K	$1.9M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2101	−0.149%	$96K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.927%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2102	−0.090%	$59K	$547K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2103	−0.040%	$47K	$221	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado ENA-PERP	+0.0100%	1h	0.2103	−0.055%	$655K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2102	−0.089%	$1.5M	$3.5M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2107	+0.141%	$404K	$604K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2100	−0.196%	$130.4M	$473.4M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2099	−0.209%	$88.3M	$195.7M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2101	−0.152%	$20.2M	$116.0M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2106	+0.090%	$19K	$446K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2104	+0.005%	$84K	$222K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2108	+0.175%	$89K	$2K	10x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2101	−0.157%	$45.3M	$48.2M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2102	−0.090%	$24.3M	$16.7M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2100	−0.190%	$47.6M	$67.3M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2101	−0.157%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2112	+0.408%	$3.6M	$10.2M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2108	+0.179%	$253K	$8.0M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2107	+0.146%	$362K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2107	+0.147%	$32K	$713K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2103	−0.029%	$183K	$3.0M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2053	−2.424%	$1K	$808K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2101	−0.138%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2111	+0.323%	$274K	$1.6M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2101	−0.138%	$1.8M	$9.3M	50x	as long as short
Kraken Futures PF_ENAUSD	+0.0104%	1h	0.2103	−0.051%	$2.7M	$5.9M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2101	−0.142%	$1.6M	$4.1M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2101	−0.138%	$77K	$11K	3x	as long as short
Lighter ENA	+0.0136%	1h	0.2104	−0.014%	$5.7M	$13.1M	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0210% / S −0.0158%	1h	0.2101	−0.157%	$50K	—	100x	as long as short
Hyperliquid ENAlong	+0.0224%	1h	0.2104	long leg	$111.7M	$81.4M	10x
BloFin ENA-USDT	+0.0340%	4h	0.2106	+0.109%	$5.6M	$8.2M	75x	as long as short
Reya ENARUSDPERPshort	+0.0412%	1h	0.2101	−0.124%	$1K	$5K	15x
Coinbase International ENA-PERP-INTX	+0.0536%	1h	0.2108	+0.185%	$806K	$2.2M	50x	as long as short
dYdX ENA-USD	+0.5731%	1h	0.2108	+0.213%	$139K	$12K	5x	as long as short