Settings8H · net · $10k
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Funding arb · Price arb / Crypto

ENA

All ENA markets →
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Hyperliquid SpotUENA/USDC · Unit Ethena
0.1637spotno funding——$260K1xBuy Hyperliquid Spot4% off
SHORT
HyperliquidENA
0.1639+0.0100get 0.0013% / 1h46m 54s$71.1M$27.8M10xShort Hyperliquid4% off
Price gap+0.122%
Funding gap+0.0100% /8h

Both sides work: funding pays +$3 a day on $10k, and the gap is 0.042% above its 7d average: +$4 more if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$23+0.0100% /8h now · paid +0.231% over the last 7D
Price+$4spread +0.122% now, avg +0.080% → +0.042% if it goes back
Costs−$880.880% of $10k · taker + slippage, in and out
Result−$61−0.61%+ Points / potential airdropHyperliquid: Season 2 · farm board

Price and funding

1h · history
PRICE SPREAD · 7D
Now+0.122%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

ENA on 43 exchanges

lowest funding first

Before you open

4 ok · 1 to watch
  • Watch: Thin at this size31.7 / 8.8 bp
    At $10k entering Hyperliquid Spot costs 31.7 bp, fee and slippage, 3.6× Hyperliquid’s.
  • Note: Spot in full, margin on the short$10,000 + $1,000
    The spot leg is bought with the whole $10k; Hyperliquid runs at up to 10x. Only the short can be liquidated, when the price rises, while the spot leg's gain is not yet realised: keep about 2× the margin on Hyperliquid.
  • OK: Only the short pays funding— / 1h
    The spot leg pays no funding; Hyperliquid settles every 1h.
    Next 24h at the current rates, on $10k a leg: +$3.00Long Hyperliquid Spot: 0 payments, $0.00; short Hyperliquid: 24 payments, +$3.00.
  • OK: Entry gap works for you+0.122% vs +0.080%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Note: Spot has no open interest$71.1M OI
    Only Hyperliquid reports one; the spot book's depth is in the cost check above.
  • OK: Points on a legHyperliquid Season 2
    Volume here counts toward the points program.
  • OK: No KYC on either legHyperliquid Spot No · Hyperliquid No
    Both exchanges let you trade without ID.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0110%/8h × 21 periods+$23.13
Price spread+0.122% → +0.080% (7d avg)+$4.24
Slippage, 4 orderslive order books−$64.96
Fee Hyperliquid Spot bp × 2 orders−$14.00
Fee Hyperliquid bp × 2 orders−$9.00
Net · 7 days · $10k−$60.59
Costs to cover0.880%Break-even25.3 days
Slippage: Hyperliquid Spot: live order book, 11 min ago; Hyperliquid: live order book, 10 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGHyperliquid Spot16.9231.7 bp−$32doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTHyperliquid2.458.8 bp−$917.2 bp−$17263.3 bp−$6,326221.7 bp−$110.9K

Closing costs about the same again.

Alert

ENA news

posts that mention ENA, from every exchange
11-03 07:08BinanceOtherLatest Withdrawal Update Withdrawals have now been re-enabled for the following networks and assets: New: ✅ ETH: ENA, USDE, PENDLE, WLD, QNT, SHIB, ZRO, FET, NIL, ONDO, ALT, SKY, LINK, ETHFI, REZ, JASMY, PUNDIX, BTC, BAT, STRK, POL, ANIME, LSK, RE, BREV, RLC, AMP, PLUME, BLUR, WBETH, ZBT, ENSO, AVA, TUSD ✅ SOL: USD1, PUMP, FDUSD, BMT, RENDER, RAY, TRUMP, MET, PENGU, JUP, PYTH, BONK, KMNO, BNSOL, ORCA, WIF, W, HUMA, JTO, IO, 2Z, BOME Already Enabled: ✅ ETH: RLUSD, USD1, TUSD, FDUSD, XUSD We will continue to restore additional assets and networks in phases as security checks are completed. Further updates will be shared through official Binance channels. @binance on X ↗
10-29 18:30OKXOtherA fresh X Drops Club just landed in Europe: @CetusProtocol Trade CETUS, HYPE, ENA, LIT, GRASS, GRVT, FET, HUMA or LINK for a share of 4.5M $CETUS, with CETUS trades counting 5×. This one moves fast. Get in before Nov 1. @okx on X ↗
10-23 09:05ReyaListingnew market ENARUSDPERP ($ENA) seen by our collector
10-21 12:23OKXOtherZEC (@Zcash) takes the spotlight in X Drops in Europe. Hold ZEC, TAO, LTC, ONDO, LINK, ZRO, LIT, ENA, DOGE or ARB for a share of 200 $ZEC, with 2× on all ZEC trades. Ends Oct 26, 14:00 CEST. @okx on X ↗
10-20 09:08BulletListingBy popular demand, $ENA perps are now live on Bullet. 24/7. Up to 20x leverage. On @solana - at the speed of light. @Bulletxyz on X ↗
10-20 08:16BulletListingnew market ENA-USD ($ENA) seen by our collector