ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0168%/8h= +18.4% APRnext payment +$0.84 per $10,000 · paid last 24h +0.043%

Price spread now: Bybit against Orderly+1.064%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Bybit is 1.064% dearer against Orderly than usual: you sell high and buy low: +$106 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_ENA_USDC	0.2114	−0.0068	get 0.0034% / 4h	30m 08s	$44K	$25K	10x
Short	Bybit ENAUSDT	0.2137	0.0100	get 0.0050% / 4h	30m 08s	$86.4M	$176.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Orderly. 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 OrderlybpFee BybitbpOrdersPrice spread, now +1.064%Rate

Funding earned: $35.2
Price spread: +1.064% → 0.000%: $106.43
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $124.63
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; Bybit: live order book, 4 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 Orderly no order-book sample	—	—	—	—	—
Sell Bybit live order book, 4 min ago	0.24 bp	10.2 bp −$10	22.7 bp −$227	72.4 bp −$7,239	doesn't fit

Orderly: 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
Backpack ENA_USDC_PERP	−0.0206%	1h	0.2138	+1.116%	$369K	$390K	5x	as long as short
01 Exchange ENAUSD	−0.0104%	1h	0.2115	+0.066%	$4K	$302	10x	as long as short
Orderly PERP_ENA_USDClong	−0.0068%	4h	0.2114	long leg	$44K	$25K	10x
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2115	+0.028%	$79K	$1.2M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2115	+0.035%	$82K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.440%	$522	$57K	5.5x	as long as short
Phoenix ENA	+0.0076%	1h	0.2097	−0.785%	$8K	$266K	10x	as long as short
Lighter ENA	+0.0096%	1h	0.2116	+0.104%	$5.2M	$13.4M	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2115	+0.043%	$56K	$495K	50x	as long as short
dYdX ENA-USD	+0.0099%	1h	0.2117	+0.157%	$140K	$15K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex ENA-USD-PERP	+0.0100%	8h	0.2117	+0.121%	$47K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2115	+0.035%	$653K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2140	+1.216%	$116.7M	$74.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2119	+0.225%	$1.5M	$2.9M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2117	+0.134%	$412K	$499K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2128	+0.639%	$129.7M	$416.3M	75x	as long as short
Bybit ENAUSDTshort	+0.0100%	4h	0.2137	+1.064%	$86.4M	$176.4M	50x
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2138	+1.135%	$21.0M	$104.5M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2112	−0.099%	$20K	$314K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2117	+0.137%	$79K	$275K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2093	−0.998%	$92K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2137	+1.064%	$11.2M	$21.9M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2136	+1.050%	$46.4M	$41.4M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2131	+0.790%	$24.9M	$15.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2137	+1.064%	$48.5M	$57.6M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2137	+1.097%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2112	−0.096%	$3.0M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2095	−0.886%	$241K	$6.9M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2096	−0.856%	$347K	$5.0M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2104	−0.478%	$20K	$647K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2117	+0.132%	$183K	$2.3M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2064	−2.384%	$1K	$845K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2114	−0.005%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2134	+0.960%	$276K	$794K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2127	+0.610%	$1.8M	$8.8M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2113	−0.031%	$1.6M	$4.1M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2114	+0.019%	$74K	$4K	3x	as long as short
Kraken Futures PF_ENAUSD	+0.0242%	1h	0.2116	+0.100%	$2.6M	$4.3M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0253% / S −0.0213%	1h	0.2115	+0.051%	$51K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2112	−0.085%	$5.6M	$3.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2115	+0.050%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0632%	1h	0.2129	+0.691%	$869K	$1.5M	50x	as long as short