ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h −0.105%

Price spread now: Pacifica against Lighter−0.071%7-day average −0.114% · you buy dearer than you sell

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$220.225% of the position

Long on Lighter Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.473%−$47 on $10k

Price spread, last 4 days (all we have)−0.046%−$5 · spread now −0.071%, 7d avg −0.114%

Together, before fees−0.519%+ Points / potential airdropLighter: Season 3 · Pacifica: Active · farm board−$52 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.043% dearer against Lighter than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.114%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ENA	0.2110	0.0096	pay 0.0012% / 1h	52m 37s	$5.0M	$13.6M	10x
Short	Pacifica ENA	0.2109	0.0100	get 0.0013% / 1h	52m 37s	$399K	$541K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.071%Rate

Funding earned: $0.84
Price spread: −0.071% → −0.114%: $4.26
Slippage, 4 orders: −$14.49
Fee Lighter: 0 bp × 2 orders: $0
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$17.4
Costs to cover: 0.225%
Break-even: 152.0 days

Slippage from Lighter: live order book, 6 min ago; Pacifica: live order book, 51 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, 6 min ago	0.71 bp	2.2 bp −$2	4.8 bp −$48	134.9 bp −$13.5K	doesn't fit
Sell Pacifica live order book, 51 min ago	2.33 bp	11.6 bp −$12	doesn't fit	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	−0.0099%	4h	0.2104	−0.265%	$44K	$26K	10x	as long as short
01 Exchange ENAUSD	−0.0040%	1h	0.2107	−0.152%	$4K	$277	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2105	−0.223%	$54K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2105	−0.214%	$81K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.635%	$522	$57K	5.5x	as long as short
Lighter ENAlong	+0.0096%	1h	0.2110	long leg	$5.0M	$13.6M	10x
Popdex ENAUSDT	+0.0096%	1h	0.2106	−0.190%	$55K	$480K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2107	−0.127%	$47K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2105	−0.232%	$557K	$1.8M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2110	+0.005%	$114.3M	$74.9M	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	0.2109	−0.066%	$1.4M	$3.3M	50x	as long as short
Pacifica ENAshort	+0.0100%	1h	0.2109	−0.071%	$399K	$541K	10x
Binance ENAUSDT	+0.0100%	4h	0.2109	−0.058%	$128.0M	$426.1M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2106	−0.194%	$90.3M	$186.9M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2108	−0.114%	$21.1M	$107.1M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2105	−0.256%	$33K	$312K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2108	−0.095%	$78K	$281K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2103	−0.308%	$92K	$511	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2108	−0.085%	$12.6M	$26.6M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2108	−0.104%	$38.3M	$42.3M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2109	−0.033%	$24.7M	$15.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2105	−0.223%	$47.7M	$59.5M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2107	−0.147%	—	$31.5M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2107	−0.166%	$380K	$458K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2097	−0.613%	$3.0M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2103	−0.316%	$256K	$7.1M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2105	−0.253%	$363K	$4.9M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2104	−0.284%	$19K	$648K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2106	−0.175%	$182K	$2.6M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2055	−2.597%	$1K	$903K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2105	−0.237%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2111	+0.052%	$265K	$824K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2106	−0.190%	$1.8M	$8.8M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2107	−0.152%	$1.6M	$4.3M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2105	−0.237%	$74K	$4K	3x	as long as short
Kraken Futures PF_ENAUSD	+0.0149%	1h	0.2106	−0.193%	$2.6M	$4.4M	50x	as long as short
Phoenix ENA	+0.0190%	1h	0.2108	−0.100%	$8K	$273K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0306% / S −0.0754%	1h	0.2106	−0.211%	$58K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2105	−0.242%	$5.5M	$3.3M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2104	−0.281%	$1K	—	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0656%	1h	0.2106	−0.190%	$869K	$1.8M	50x	as long as short
dYdX ENA-USD	+0.1239%	1h	0.2106	−0.202%	$139K	$16K	5x	as long as short