ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0108%/8h= −11.9% APRnext payment −$0.14 per $10,000 · paid last 24h −0.080%

Price spread now: SoDEX against Hyperliquid−0.171%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 SoDEX

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 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and SoDEX is 0.171% cheaper against Hyperliquid than usual: you would sell low and buy high (−$17 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ENA	0.2102	0.0208	pay 0.0026% / 1h	49m 47s	$111.7M	$80.8M	10x
Short	SoDEX ENA-USD	0.2098	0.0100	get 0.0013% / 1h	49m 47s	$4K	$14K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.171%Rate

Funding earned: −$22.77
Price spread: −0.171% → 0.000%: −$17.13
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$56.9
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 4 min ago; SoDEX: 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, 4 min ago	1.19 bp	9.1 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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	−0.0446%	1h	0.2100	−0.081%	$361K	$487K	5x	as long as short
Orderly PERP_ENA_USDC	−0.0095%	4h	0.2098	−0.181%	$41K	$24K	10x	as long as short
01 Exchange ENAUSD	−0.0072%	1h	0.2099	−0.105%	$4K	$432	10x	as long as short
Gate ENA_USDT	−0.0012%	4h	0.2099	−0.133%	$10.4M	$21.5M	50x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2099	−0.138%	$97K	$1.9M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2100	−0.093%	$96K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+1.037%	$522	$57K	5.5x	as long as short
Phoenix ENA	+0.0076%	1h	0.2103	+0.062%	$5K	$394K	10x	as long as short
Lighter ENA	+0.0096%	1h	0.2101	−0.019%	$5.7M	$13.1M	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2098	−0.171%	$59K	$545K	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex ENA-USD-PERP	+0.0100%	8h	0.2099	−0.142%	$47K	$221	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2099	−0.131%	$654K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2100	−0.097%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2099	−0.115%	$403K	$604K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2099	−0.124%	$130.1M	$472.9M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2098	−0.152%	$87.9M	$195.1M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2099	−0.105%	$20.2M	$115.7M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2103	+0.081%	$19K	$446K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2099	−0.124%	$84K	$222K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2100	−0.076%	$89K	$2K	10x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2099	−0.138%	$45.2M	$48.5M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2100	−0.095%	$24.3M	$16.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2098	−0.186%	$47.5M	$67.1M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2099	−0.138%	—	$32.1M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2095	−0.325%	$3.6M	$10.2M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2102	+0.004%	$252K	$8.0M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2105	+0.143%	$356K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2101	−0.029%	$32K	$713K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2101	−0.048%	$183K	$3.0M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2049	−2.479%	$1K	$809K	20x	as long as short
SoDEX ENA-USDshort	+0.0100%	1h	0.2098	−0.171%	$4K	$14K	10x
HTX ENA-USDT	+0.0100%	4h	0.2101	−0.038%	$272K	$1.6M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2099	−0.124%	$1.8M	$9.3M	50x	as long as short
Kraken Futures PF_ENAUSD	+0.0104%	1h	0.2101	−0.008%	$2.7M	$5.9M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2098	−0.160%	$1.6M	$4.1M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2098	−0.159%	$77K	$11K	3x	as long as short
Hyperliquid ENAlong	+0.0208%	1h	0.2102	long leg	$111.7M	$80.8M	10x
GMX ENA/USD [ETH-USDC]	L +0.0211% / S −0.0159%	1h	0.2099	−0.109%	$50K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2096	−0.257%	$5.6M	$8.2M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2099	−0.112%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0536%	1h	0.2101	−0.038%	$802K	$2.2M	50x	as long as short
dYdX ENA-USD	+0.7578%	1h	0.2099	−0.114%	$139K	$12K	5x	as long as short