ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0258%/8h= +28.2% APRnext payment +$1.29 per $10,000 · paid last 24h +0.007%

Price spread now: HTX against Phemex+0.525%7-day average +0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$115as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$1161.159% of the position

Long on Phemex Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.012%+$1 on $10k

Price spread, last 4 days (all we have)−0.572%−$57 · spread now +0.525%, 7d avg +0.051%

Together, before fees−0.559%−$56 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and HTX is 0.474% dearer against Phemex than usual: you sell high and buy low: +$47 more if the spread goes back to its 7-day average of +0.051%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.012% in total (about 0.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.29 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	Phemex ENAUSDT	0.2135	−0.0158	get 0.0079% / 4h	3h 01m	$1.9M	$9.0M	50x
Short	HTX ENA-USDT	0.2146	0.0100	get 0.0050% / 4h	3h 01m	$265K	$813K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Phemex. 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 PhemexbpFee HTXbpOrdersPrice spread, now +0.525%Rate

Funding earned: $54.16
Price spread: +0.525% → +0.051%: $47.38
Slippage, 4 orders: −$91.91
Fee Phemex: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$14.38
Costs to cover: 1.159%
Break-even: 8.9 days

Slippage from Phemex: live order book, 3 min ago; HTX: live order book, 58 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 Phemex live order book, 3 min ago	9.35 bp	19.9 bp −$20	70.0 bp −$700	doesn't fit	doesn't fit
Sell HTX live order book, 58 min ago	13.84 bp	32.0 bp −$32	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
Phemex ENAUSDTlong	−0.0158%	4h	0.2135	long leg	$1.9M	$9.0M	50x
Orderly PERP_ENA_USDC	−0.0108%	4h	0.2134	−0.033%	$44K	$15K	10x	as long as short
01 Exchange ENAUSD	−0.0104%	1h	0.2139	+0.173%	$4K	$169	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2135	+0.023%	$91K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2144	+0.403%	$82K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2122	−0.614%	$734	$57K	5.5x	as long as short
Bitget ENAUSDT	+0.0040%	4h	0.2133	−0.094%	$48.1M	$59.9M	75x	as long as short
Lighter ENA	+0.0096%	1h	0.2136	+0.066%	$5.0M	$13.2M	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2138	+0.141%	$55K	$486K	50x	as long as short
dYdX ENA-USD	+0.0097%	1h	0.2144	+0.430%	$142K	$16K	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	0.2142	+0.309%	$48K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2137	+0.098%	$566K	$1.8M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2137	+0.103%	$116.9M	$76.0M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2136	+0.036%	$1.4M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2141	+0.303%	$409K	$549K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2135	−0.009%	$129.0M	$422.2M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2135	−0.023%	$87.4M	$191.3M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2135	−0.005%	$21.1M	$106.4M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2142	+0.351%	$39K	$330K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2139	+0.187%	$80K	$247K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2135	−0.005%	$13.5M	$28.5M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2135	−0.023%	$42.1M	$44.3M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2136	+0.052%	$25.1M	$15.9M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2135	−0.014%	—	$30.7M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2135	+0.019%	$413K	$476K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2135	0.000%	$3.1M	$8.8M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2136	+0.069%	$252K	$7.1M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2135	+0.016%	$358K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2137	+0.094%	$19K	$645K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2138	+0.159%	$176K	$2.6M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2085	−2.337%	$1K	$921K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2135	0.000%	$4K	$6K	10x	as long as short
HTX ENA-USDTshort	+0.0100%	4h	0.2146	+0.525%	$265K	$813K	50x
Bulk ENA-USD	+0.0100%	1h	0.2133	−0.070%	$104K	$12K	10x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2134	−0.068%	$1.6M	$4.8M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2135	−0.008%	$75K	$4K	3x	as long as short
Phoenix ENA	+0.0150%	1h	0.2143	+0.393%	$14K	$267K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0195%	1h	0.2136	+0.036%	$2.6M	$4.4M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0307% / S −0.0756%	1h	0.2136	+0.033%	$59K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2135	+0.019%	$5.6M	$3.5M	75x	as long as short
Reya ENARUSDPERP	+0.0411%	1h	0.2134	−0.028%	$1K	—	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0544%	1h	0.2145	+0.492%	$792K	$2.0M	50x	as long as short