ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0292%/8h= −32.0% APRnext payment −$0.36 per $10,000 · paid last 24h −0.150%

Price spread now: Ondo Perps against Lighter+0.089%7-day average −0.079% · you sell dearer than you buy

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

Long on Lighter Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.453%−$45 on $10k

Price spread, last 4 days (all we have)−0.313%−$31 · spread now +0.089%, 7d avg −0.079%

Together, before fees−0.766%+ Points / potential airdropLighter: Season 3 · Ondo Perps: Active · farm board−$77 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Ondo Perps is 0.168% dearer against Lighter than usual: you sell high and buy low (spread +0.089% now, against its 7-day average of −0.079%): +$17 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 46 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ENA	0.2136	0.0392	pay 0.0049% / 1h	24m 36s	$5.5M	$13.7M	10x
Short	Ondo Perps ENA-USD.P	0.2138	0.0100	get 0.0013% / 1h	24m 36s	$19K	$413K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now +0.089%Rate

Funding earned: −$61.32
Price spread: +0.089% → −0.079%: $16.78
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$49.54
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Lighter: live order book, 4 min ago; Ondo Perps: 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, 4 min ago	0.70 bp	2.0 bp −$2	9.1 bp −$91	325.5 bp −$32.6K	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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 41 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	0.2136	+0.028%	$80K	$1.6M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2132	−0.170%	$92K	—	150x	as long as short
dYdX ENA-USD	+0.0014%	1h	0.2134	−0.069%	$141K	$15K	5x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−0.581%	$522	$57K	5.5x	as long as short
Orderly PERP_ENA_USDC	+0.0038%	4h	0.2131	−0.215%	$44K	$28K	10x	as long as short
01 Exchange ENAUSD	+0.0088%	1h	0.2132	−0.159%	$4K	$302	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2131	−0.225%	$55K	$521K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2131	−0.215%	$687K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2136	0.000%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2134	−0.083%	$418K	$544K	10x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ENAUSDT	+0.0100%	4h	0.2132	−0.193%	$131.9M	$444.9M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2131	−0.215%	$87.5M	$187.3M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2131	−0.215%	$20.9M	$108.7M	50x	as long as short
Ondo Perps ENA-USD.Pshort	+0.0100%	1h	0.2138	+0.089%	$19K	$413K	5x
Arcus ENA-USD	+0.0100%	1h	0.2133	−0.131%	$116K	$288K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2135	−0.061%	$94K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2131	−0.206%	$11.0M	$21.5M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2131	−0.211%	$45.4M	$44.4M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2136	+0.009%	$24.8M	$16.4M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2129	−0.309%	$48.5M	$61.0M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2131	−0.215%	—	$32.7M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2138	+0.108%	$382K	$393K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2134	−0.103%	$3.8M	$10.2M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2145	+0.409%	$247K	$7.5M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2147	+0.518%	$356K	$4.8M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2144	+0.384%	$32K	$656K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2131	−0.206%	$184K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2082	−2.538%	$1K	$854K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2135	−0.037%	$4K	$10K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2135	−0.047%	$275K	$875K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2134	−0.084%	$1.9M	$9.2M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2131	−0.225%	$48K	$110	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2132	−0.194%	$75K	$4K	3x	as long as short
Phoenix ENA	+0.0188%	1h	0.2147	+0.538%	$8K	$351K	10x	as long as short
Extended ENA-USD	+0.0240%	1h	0.2131	−0.228%	$1.6M	$4.2M	50x	as long as short
Kraken Futures PF_ENAUSD	+0.0250%	1h	0.2137	+0.041%	$2.7M	$4.5M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0251% / S −0.0206%	1h	0.2132	−0.166%	$51K	—	100x	as long as short
Lighter ENAlong	+0.0392%	1h	0.2136	long leg	$5.5M	$13.7M	10x
Reya ENARUSDPERP	+0.0412%	1h	0.2131	−0.215%	$1K	$5K	15x	as long as short
Hyperliquid ENA	+0.0516%	1h	0.2138	+0.098%	$115.7M	$72.4M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0648%	1h	0.2142	+0.272%	$839K	$1.8M	50x	as long as short