ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0444%/8h= −48.6% APRnext payment −$0.55 per $10,000 · paid last 24h −0.161%

Price spread now: Bulk against Lighter−0.634%7-day average — · you buy dearer than you sell

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

Long on Lighter Short on Bulk

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 airdropLighter: Season 3 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Bulk is 0.634% cheaper against Lighter than usual: you would sell low and buy high (−$63 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	Lighter ENA	0.2130	0.0544	pay 0.0068% / 1h	28m 12s	$5.6M	$12.9M	10x
Short	Bulk ENA-USD	0.2117	0.0100	get 0.0013% / 1h	28m 12s	$89K	$500	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against Lighter. 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 LighterbpFee BulkbpOrdersPrice spread, now −0.634%Rate

Funding earned: −$93.24
Price spread: −0.634% → 0.000%: −$63.38
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$163.62
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 5 min ago; Bulk: 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 Lighter live order book, 5 min ago	0.71 bp	1.8 bp −$2	5.1 bp −$51	152.5 bp −$15.3K	doesn't fit
Sell Bulk no order-book sample	—	—	—	—	—

Bulk: 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
Orderly PERP_ENA_USDC	−0.0012%	4h	0.2129	−0.070%	$41K	$24K	10x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0004%	1h	0.2125	−0.220%	$106K	—	150x	as long as short
Backpack ENA_USDC_PERP	+0.0027%	1h	0.2122	−0.366%	$375K	$445K	5x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−0.310%	$522	$57K	5.5x	as long as short
Deribit ENA_USDC-PERPETUAL	+0.0079%	1h	0.2130	−0.005%	$93K	$1.7M	50x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2125	−0.235%	$63K	$521K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2123	−0.312%	$681K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2126	−0.174%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2125	−0.250%	$411K	$562K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2128	−0.109%	$131.6M	$452.9M	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	0.2127	−0.127%	$89.4M	$189.8M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2127	−0.127%	$20.6M	$111.4M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2116	−0.671%	$15K	$398K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2125	−0.235%	$84K	$222K	10x	as long as short
Bulk ENA-USDshort	+0.0100%	1h	0.2117	−0.634%	$89K	$500	10x
Gate ENA_USDT	+0.0100%	4h	0.2124	−0.268%	$10.9M	$21.4M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2125	−0.235%	$46.7M	$45.5M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2126	−0.192%	$24.6M	$16.4M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2127	−0.122%	$48.2M	$64.0M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2125	−0.239%	—	$32.6M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2119	−0.511%	$3.9M	$10.3M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2123	−0.346%	$252K	$7.6M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2120	−0.470%	$361K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2124	−0.282%	$32K	$711K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2125	−0.225%	$179K	$2.5M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2074	−2.634%	$956	$825K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2129	−0.047%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2134	+0.207%	$278K	$1.4M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2127	−0.141%	$2.0M	$9.2M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2124	−0.271%	$48K	$221	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2129	−0.059%	$78K	$11K	3x	as long as short
Phoenix ENA	+0.0189%	1h	0.2118	−0.563%	$7K	$347K	10x	as long as short
01 Exchange ENAUSD	+0.0192%	1h	0.2127	−0.160%	$4K	$302	10x	as long as short
Extended ENA-USD	+0.0224%	1h	0.2128	−0.089%	$1.6M	$4.2M	50x	as long as short
Kraken Futures PF_ENAUSD	+0.0240%	1h	0.2130	+0.021%	$2.7M	$5.4M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0250% / S −0.0434%	1h	0.2125	−0.234%	$38K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2118	−0.577%	$5.6M	$6.5M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2124	−0.291%	$1K	$5K	15x	as long as short
Lighter ENAlong	+0.0544%	1h	0.2130	long leg	$5.6M	$12.9M	10x
Coinbase International ENA-PERP-INTX	+0.0552%	1h	0.2132	+0.080%	$842K	$2.1M	50x	as long as short
Hyperliquid ENA	+0.0780%	1h	0.2128	−0.080%	$114.3M	$78.8M	10x	as long as short
dYdX ENA-USD	+0.1727%	1h	0.2125	−0.224%	$140K	$15K	5x	as long as short