ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0483%/8h= +52.9% APRnext payment +$0.60 per $10,000 · paid last 24h +0.083%

Price spread now: Hyperliquid against Pacifica+0.108%7-day average +0.095% · you sell dearer than you buy

Net, funding: paid 7d − costs−$6as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$300.302% of the position

Long on Pacifica Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.237%+$24 on $10k

Price spread, last 4 days (all we have)+0.049%+$5 · spread now +0.108%, 7d avg +0.095%

Together, before fees+0.286%+ Points / potential airdropPacifica: Active · Hyperliquid: Season 2 · farm board+$29 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.095%, so right now this pair is about funding alone: +$14 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.237% in total (about 12.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.60 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica ENA	0.2112	0.0100	pay 0.0013% / 1h	2m 21s	$409K	$575K	10x
Short	Hyperliquid ENA	0.2114	0.0583	get 0.0073% / 1h	2m 21s	$111.7M	$78.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Pacifica. 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 PacificabpFee HyperliquidbpOrdersPrice spread, now +0.108%Rate

Funding earned: $101.38
Price spread: +0.108% → +0.095%: $1.33
Slippage, 4 orders: −$13.19
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $72.52
Costs to cover: 0.302%
Break-even: 2.0 days

Slippage from Pacifica: live order book, 16 min ago; Hyperliquid: live order book, 12 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 Pacifica live order book, 16 min ago	1.43 bp	8.7 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 12 min ago	0.24 bp	8.2 bp −$8	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	−0.0037%	4h	0.2110	−0.090%	$41K	$24K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2111	−0.048%	$92K	$1.8M	50x	as long as short
Backpack ENA_USDC_PERP	+0.0001%	1h	0.2112	−0.005%	$373K	$447K	5x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2112	−0.014%	$101K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.535%	$522	$57K	5.5x	as long as short
Kraken Futures PF_ENAUSD	+0.0066%	1h	0.2113	+0.025%	$2.7M	$5.5M	50x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2111	−0.053%	$62K	$530K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2111	−0.052%	$47K	$221	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2111	−0.057%	$664K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2112	−0.005%	$1.5M	$3.3M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ENAlong	+0.0100%	1h	0.2112	long leg	$409K	$575K	10x
Binance ENAUSDT	+0.0100%	4h	0.2112	−0.007%	$130.6M	$455.0M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2112	+0.004%	$88.2M	$190.7M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2112	+0.014%	$20.4M	$111.8M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2105	−0.318%	$15K	$398K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2112	−0.005%	$83K	$220K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2099	−0.608%	$89K	$500	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2111	−0.043%	$10.7M	$21.6M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2112	−0.010%	$46.5M	$47.2M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2112	−0.005%	$24.0M	$16.3M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2110	−0.114%	$47.8M	$64.8M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2112	−0.024%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2109	−0.130%	$3.8M	$10.3M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2107	−0.239%	$250K	$7.7M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2107	−0.242%	$349K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2109	−0.147%	$32K	$711K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2111	−0.034%	$177K	$2.6M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2061	−2.439%	$1K	$819K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2111	−0.053%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2114	+0.089%	$274K	$1.5M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2111	−0.053%	$2.0M	$9.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2111	−0.066%	$78K	$11K	3x	as long as short
Phoenix ENA	+0.0115%	1h	0.2109	−0.124%	$5K	$356K	10x	as long as short
01 Exchange ENAUSD	+0.0144%	1h	0.2112	−0.015%	$4K	$312	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0250% / S −0.0434%	1h	0.2111	−0.035%	$38K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2112	−0.029%	$5.5M	$8.1M	75x	as long as short
Extended ENA-USD	+0.0344%	1h	0.2110	−0.108%	$1.6M	$4.2M	50x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2111	−0.064%	$1K	$5K	15x	as long as short
Lighter ENA	+0.0560%	1h	0.2115	+0.137%	$5.7M	$12.9M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0576%	1h	0.2112	−0.010%	$833K	$2.1M	50x	as long as short
Hyperliquid ENAshort	+0.0583%	1h	0.2114	+0.108%	$111.7M	$78.5M	10x
dYdX ENA-USD	+0.1977%	1h	0.2113	+0.019%	$140K	$15K	5x	as long as short