ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0496%/8h= −54.3% APRnext payment −$0.62 per $10,000 · paid last 24h −0.162%

Price spread now: Popdex against Lighter−0.146%50s7-day average −0.131% · 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—prices read too far apart to compare

costs, in and out, $10k−$190.189% of the position

Long on Lighter Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.438%−$44 on $10k

Price spread, last 4 days (all we have)−0.083%−$8 · spread now −0.146%, 7d avg −0.131%

Together, before fees−0.521%+ Points / potential airdropLighter: Season 3 · farm board−$52 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.131%, so right now this pair is about funding alone: −$15 a day on $10k at the current rate. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ENA	0.2127	0.0592	pay 0.0074% / 1h	50m 45s	$5.7M	$12.8M	10x
Short	Popdex ENAUSDT	0.2124	0.0096	get 0.0012% / 1h	50m 45s	$63K	$529K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now −0.146%Rate

Funding earned: −$104.16
Price spread: −0.146% → −0.131%: −$1.52
Slippage, 4 orders: −$12.52
Fee Lighter: 0 bp × 2 orders: $0
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$124.6
Costs to cover: 0.189%
Break-even: never at this rate

Slippage from Lighter: live order book, 13 min ago; Popdex: live order book, 28 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, 13 min ago	0.71 bp	2.3 bp −$2	5.9 bp −$59	150.4 bp −$15.0K	doesn't fit
Sell Popdex live order book, 28 min ago	1.19 bp	7.3 bp −$7	57.3 bp −$573	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	−0.0031%	4h	0.2124	−0.132%	$41K	$24K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2125	−0.108%	$92K	$1.8M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2125	−0.117%	$106K	—	150x	as long as short
Backpack ENA_USDC_PERP	+0.0031%	1h	0.2126	−0.061%	$375K	$447K	5x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−0.174%	$522	$57K	5.5x	as long as short
Popdex ENAUSDTshort	+0.0096%	1h	0.2124	−0.146%	$63K	$529K	50x
Nado ENA-PERP	+0.0100%	1h	0.2124	−0.150%	$682K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2125	−0.088%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2125	−0.118%	$411K	$573K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2125	−0.107%	$131.3M	$455.6M	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	0.2125	−0.085%	$89.2M	$191.2M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2126	−0.061%	$20.6M	$112.1M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2128	+0.056%	$15K	$403K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2126	−0.052%	$84K	$221K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2125	−0.076%	$90K	$500	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2125	−0.089%	$10.9M	$21.2M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2126	−0.066%	$47.0M	$45.3M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2126	−0.056%	$24.5M	$16.4M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2125	−0.108%	$48.2M	$64.7M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2125	−0.085%	—	$32.7M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2119	−0.401%	$3.9M	$10.3M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2116	−0.522%	$251K	$7.6M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2116	−0.522%	$351K	$4.6M	10x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2125	−0.103%	$179K	$2.6M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2073	−2.543%	$1K	$823K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2125	−0.099%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2129	+0.089%	$276K	$1.5M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2124	−0.146%	$2.0M	$9.2M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2125	−0.095%	$48K	$221	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2125	−0.111%	$78K	$11K	3x	as long as short
ApeX Omni ENAUSDT	+0.0131%	1h	0.2128	+0.042%	$32K	$712K	50x	as long as short
01 Exchange ENAUSD	+0.0152%	1h	0.2126	−0.061%	$4K	$312	10x	as long as short
Phoenix ENA	+0.0189%	1h	0.2115	−0.550%	$6K	$347K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0240%	1h	0.2126	−0.072%	$2.7M	$5.5M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0250% / S −0.0434%	1h	0.2124	−0.125%	$38K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2124	−0.136%	$5.6M	$8.1M	75x	as long as short
Extended ENA-USD	+0.0344%	1h	0.2125	−0.094%	$1.6M	$4.2M	50x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2124	−0.154%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0552%	1h	0.2135	+0.348%	$843K	$2.1M	50x	as long as short
Lighter ENAlong	+0.0592%	1h	0.2127	long leg	$5.7M	$12.8M	10x
Hyperliquid ENA	+0.0738%	1h	0.2130	+0.113%	$114.4M	$78.8M	10x	as long as short
dYdX ENA-USD	+0.1677%	1h	0.2125	−0.085%	$140K	$15K	5x	as long as short