ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0152%/8h= −16.6% APRnext payment −$0.19 per $10,000 · paid last 24h −0.108%

Price spread now: Extended against Lighter+0.252%7-day average −0.128% · you sell dearer than you buy

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs+$16as in the Price arb table

costs, in and out, $10k−$220.221% of the position

Long on Lighter Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.410%−$41 on $10k

Price spread, last 7 days−0.290%−$29 · spread now +0.252%, 7d avg −0.128%

Together, before fees−0.700%+ Points / potential airdropLighter: Season 3 · Extended: Active · farm board−$70 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.380% dearer against Lighter than usual: you sell high and buy low (spread +0.252% now, against its 7-day average of −0.128%): +$38 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 8.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ENA	0.2142	0.0256	pay 0.0032% / 1h	21m 02s	$5.3M	$13.1M	10x
Short	Extended ENA-USD	0.2148	0.0104	get 0.0013% / 1h	21m 02s	$1.6M	$4.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.252%Rate

Funding earned: −$31.92
Price spread: +0.252% → −0.128%: $38
Slippage, 4 orders: −$17.08
Fee Lighter: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$16
Costs to cover: 0.221%
Break-even: from the start

Slippage from Lighter: live order book, 7 min ago; Extended: live order book, 3 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 Lighter live order book, 7 min ago	2.13 bp	3.8 bp −$4	19.6 bp −$196	358.2 bp −$35.8K	doesn't fit
Sell Extended live order book, 3 min ago	0.94 bp	5.7 bp −$6	11.5 bp −$115	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
Orderly PERP_ENA_USDC	−0.0139%	4h	0.2141	−0.084%	$44K	$26K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2142	−0.042%	$69K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2140	−0.111%	$83K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−0.891%	$522	$57K	5.5x	as long as short
01 Exchange ENAUSD	+0.0048%	1h	0.2147	+0.210%	$4K	$277	10x	as long as short
Gate ENA_USDT	+0.0080%	4h	0.2144	+0.051%	$11.3M	$24.1M	50x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2145	+0.117%	$59K	$467K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2144	+0.069%	$48K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2144	+0.068%	$664K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2147	+0.215%	$116.8M	$74.6M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ENAUSDT	+0.0100%	4h	0.2147	+0.205%	$1.5M	$3.2M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2145	+0.117%	$402K	$525K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2146	+0.155%	$130.1M	$420.3M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2147	+0.205%	$86.5M	$176.1M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2148	+0.261%	$21.4M	$106.4M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2141	−0.084%	$21K	$327K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2146	+0.163%	$80K	$278K	10x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2148	+0.271%	$47.0M	$41.4M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2146	+0.168%	$25.0M	$15.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2147	+0.191%	$48.8M	$58.2M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2145	+0.121%	—	$31.2M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2139	−0.141%	$3.1M	$10.0M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2121	−0.985%	$243K	$6.9M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2126	−0.770%	$356K	$5.0M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2127	−0.723%	$19K	$651K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2146	+0.145%	$190K	$2.5M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2088	−2.548%	$1K	$876K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2141	−0.070%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2147	+0.191%	$270K	$795K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2141	−0.070%	$1.8M	$8.9M	50x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2132	−0.513%	$94K	−$0	10x	as long as short
Extended ENA-USDshort	+0.0104%	1h	0.2148	+0.252%	$1.6M	$4.2M	50x
Aevo ENA-PERP	+0.0104%	1h	0.2141	−0.075%	$75K	$4K	3x	as long as short
Phoenix ENA	+0.0153%	1h	0.2103	−1.830%	$8K	$278K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0161%	1h	0.2141	−0.072%	$2.6M	$4.3M	50x	as long as short
Lighter ENAlong	+0.0256%	1h	0.2142	long leg	$5.3M	$13.1M	10x
dYdX ENA-USD	+0.0272%	1h	0.2144	+0.064%	$142K	$16K	5x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0308% / S −0.0753%	1h	0.2140	−0.111%	$59K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2141	−0.075%	$5.5M	$3.1M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2143	+0.021%	$1K	$5K	15x	as long as short
Backpack ENA_USDC_PERP	+0.0616%	1h	0.2141	−0.056%	$360K	$401K	5x	as long as short
Coinbase International ENA-PERP-INTX	+0.0704%	1h	0.2144	+0.084%	$878K	$1.7M	50x	as long as short