ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0348%/8h= −38.2% APRnext payment −$0.44 per $10,000 · paid last 24h −0.170%

Price spread now: gTrade (Gains Network) against Lighter−0.107%7-day average — · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$337as in the Price arb table

costs, in and out, $10k−$3263.259% of the position

Long on Lighter Short on gTrade (Gains Network)

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 −$10 a day on $10k at the current rate, and gTrade (Gains Network) is 0.107% cheaper against Lighter than usual: you would sell low and buy high (−$11 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	0.2113	0.0352	pay 0.0044% / 1h	37m 00s	$5.5M	$13.6M	10x
Short	gTrade (Gains Network) ENA/USD	0.2110	L +0.0004% / S −0.0004%	get 0.0000% / 1h	37m 00s	$82K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.107%Rate

Funding earned: −$73.17
Price spread: −0.107% → 0.000%: −$10.74
Slippage, 4 orders: −$315.92
Fee Lighter: 0 bp × 2 orders: $0
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$409.83
Costs to cover: 3.259%
Break-even: never at this rate

Slippage from Lighter: live order book, 11 min ago; gTrade (Gains Network): virtual book (oracle venue), 62 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, 11 min ago	1.42 bp	2.1 bp −$2	4.8 bp −$48	206.2 bp −$20.6K	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 62 min ago	130.03 bp	135.0 bp −$135	748.2 bp −$7,482	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
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2111	−0.099%	$79K	$1.3M	50x	as long as short
Orderly PERP_ENA_USDC	0.0000%	4h	0.2109	−0.161%	$44K	$27K	10x	as long as short
gTrade (Gains Network) ENA/USDshort	L +0.0004% / S −0.0004%	1h	0.2110	−0.107%	$82K	—	150x
01 Exchange ENAUSD	+0.0008%	1h	0.2108	−0.213%	$4K	$302	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.506%	$522	$57K	5.5x	as long as short
dYdX ENA-USD	+0.0088%	1h	0.2104	−0.412%	$139K	$15K	5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2108	−0.222%	$55K	$498K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2108	−0.208%	$681K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2112	−0.009%	$113.6M	$71.3M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2110	−0.144%	$1.5M	$3.0M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ENA	+0.0100%	1h	0.2104	−0.404%	$411K	$511K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2110	−0.129%	$129.5M	$422.2M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2109	−0.185%	$86.5M	$175.9M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2109	−0.175%	$20.8M	$102.5M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2106	−0.327%	$19K	$364K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2105	−0.364%	$78K	$288K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2113	+0.014%	$93K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2110	−0.118%	$11.0M	$21.2M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2110	−0.147%	$45.4M	$41.8M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2111	−0.085%	$24.6M	$15.7M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2107	−0.246%	$48.0M	$57.9M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2110	−0.114%	—	$32.2M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2111	−0.062%	$374K	$364K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2112	−0.036%	$3.4M	$10.3M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2113	+0.032%	$244K	$7.3M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2106	−0.317%	$360K	$4.8M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2105	−0.364%	$32K	$648K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2110	−0.128%	$183K	$2.3M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2058	−2.594%	$1K	$841K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2110	−0.128%	$3K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2117	+0.185%	$277K	$779K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2112	−0.033%	$1.9M	$8.9M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2104	−0.394%	$47K	$110	10x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2109	−0.195%	$1.6M	$4.1M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2110	−0.150%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0150%	1h	0.2107	−0.265%	$8K	$298K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0251% / S −0.0206%	1h	0.2111	−0.098%	$50K	—	100x	as long as short
Kraken Futures PF_ENAUSD	+0.0285%	1h	0.2111	−0.081%	$2.6M	$4.3M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2109	−0.151%	$5.6M	$3.1M	75x	as long as short
Lighter ENAlong	+0.0352%	1h	0.2113	long leg	$5.5M	$13.6M	10x
Reya ENARUSDPERP	+0.0412%	1h	0.2110	−0.150%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0664%	1h	0.2114	+0.047%	$831K	$1.5M	50x	as long as short