ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0124%/8h= +13.6% APRnext payment +$0.15 per $10,000 · paid last 24h +0.124%

Price spread now: Lighter against Ondo Perps−1.276%7-day average +0.086% · you buy dearer than you sell

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

Long on Ondo Perps Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.460%+$46 on $10k

Price spread, last 4 days (all we have)+1.550%+$155 · spread now −1.276%, 7d avg +0.086%

Together, before fees+2.011%+ Points / potential airdropOndo Perps: Active · Lighter: Season 3 · farm board+$201 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 1.361% cheaper against Ondo Perps than usual: you would sell low and buy high (spread −1.276% now, against its 7-day average of +0.086%). If the spread goes back, that is −$136 on $10k: about 37 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps ENA-USD.P	0.2125	0.0100	pay 0.0013% / 1h	56m 37s	$22K	$324K	5x
Short	Lighter ENA	0.2097	0.0224	get 0.0028% / 1h	56m 37s	$5.2M	$12.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Ondo Perps. 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 Ondo PerpsbpFee LighterbpOrdersPrice spread, now −1.276%Rate

Funding earned: $26.04
Price spread: −1.276% → +0.086%: −$136.11
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Lighter: 0 bp × 2 orders: $0
Net: −$115.07
Costs to cover: 0.050%
Break-even: 37.9 days

Slippage unknown: Ondo Perps: no order-book sample; Lighter: live order book, 7 min ago. 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Lighter live order book, 7 min ago	0.48 bp	1.4 bp −$1	5.2 bp −$52	272.2 bp −$27.2K	doesn't fit

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 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	−0.0132%	4h	0.2108	−0.786%	$44K	$25K	10x	as long as short
01 Exchange ENAUSD	0.0000%	1h	0.2103	−1.021%	$4K	$277	10x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2107	−0.805%	$82K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−0.056%	$522	$57K	5.5x	as long as short
Deribit ENA_USDC-PERPETUAL	+0.0035%	1h	0.2109	−0.753%	$73K	$1.1M	50x	as long as short
Gate ENA_USDT	+0.0062%	4h	0.2098	−1.252%	$10.9M	$23.1M	50x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2103	−1.017%	$57K	$465K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2094	−1.421%	$47K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2104	−0.972%	$653K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2096	−1.365%	$113.4M	$74.2M	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	0.2097	−1.299%	$1.4M	$3.2M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2096	−1.347%	$398K	$512K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2096	−1.341%	$126.9M	$413.4M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2095	−1.412%	$84.9M	$174.7M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2095	−1.384%	$20.9M	$102.9M	50x	as long as short
Ondo Perps ENA-USD.Plong	+0.0100%	1h	0.2125	long leg	$22K	$324K	5x
Arcus ENA-USD	+0.0100%	1h	0.2095	−1.393%	$78K	$276K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2094	−1.419%	$92K	−$0	10x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2095	−1.370%	$45.3M	$40.5M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2097	−1.276%	$24.8M	$15.4M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2093	−1.473%	$47.7M	$57.6M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2094	−1.421%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2089	−1.653%	$3.0M	$10.0M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2090	−1.608%	$240K	$6.8M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2091	−1.577%	$346K	$5.0M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2095	−1.393%	$20K	$648K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2105	−0.918%	$188K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2050	−3.511%	$1K	$857K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2109	−0.734%	$3K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2111	−0.654%	$273K	$776K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2108	−0.781%	$1.7M	$8.9M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2100	−1.177%	$1.6M	$4.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2108	−0.797%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0113%	1h	0.2098	−1.271%	$8K	$278K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0163%	1h	0.2109	−0.712%	$2.6M	$4.3M	50x	as long as short
Lighter ENAshort	+0.0224%	1h	0.2097	−1.276%	$5.2M	$12.9M	10x
GMX ENA/USD [ETH-USDC]	L +0.0306% / S −0.0358%	1h	0.2107	−0.819%	$70K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2110	−0.673%	$5.6M	$3.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2105	−0.913%	$1K	$5K	15x	as long as short
Backpack ENA_USDC_PERP	+0.0638%	1h	0.2112	−0.607%	$360K	$400K	5x	as long as short
Coinbase International ENA-PERP-INTX	+0.0704%	1h	0.2098	−1.247%	$860K	$1.7M	50x	as long as short
dYdX ENA-USD	+0.1564%	1h	0.2097	−1.280%	$139K	$15K	5x	as long as short