ENA

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	PhoenixENA	0.2040	+0.0038	pay 0.0005% / 1h	54m 25s	$22K	$169K	10x	Long Phoenix
SHORT	BulletENA-USD	0.2038	−0.0066	pay 0.0008% / 1h	54m 25s	$5K	$139K	20x	Short Bullet

Price gap−0.094%60s

Funding gap−0.0104% /8h

Both sides work against this direction now: funding costs $3 a day on $10k and the gap is 0.030% under its 7d average. Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$25−0.0104% /8h now · paid −0.251% over the last 6 days (all we have)

Price—spread −0.094%60s now · prices read too far apart to compare

Costs−$370.368% of $10k · taker + slippage, in and out

Result—no pointsneeds both prices read together

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−0.094%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

ENA on 45 exchanges

lowest funding first

Before you open

2 ok · 3 to watch

Watch: Thin at this size17.2 / 1.2 bp
At $10k entering Phoenix costs 17.2 bp, fee and slippage, 14.1× Bullet’s.
Note: Margin at max leverage$1,000 + $500
Phoenix 10x, Bullet 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval1h / 1h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: −$3.12Long Phoenix: 24 payments, −$1.15; short Bullet: 24 payments, −$1.97.
Watch: Prices read 60 s apart−0.094% vs −0.063%
Part of this gap may be the market moving.
Watch: Short leg is thinner$5K vs $22K OI
Bullet sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
OK: No KYC on either legPhoenix No · Bullet No
Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0134%/8h × 21 periods−$28.12

Price spreadprices read too far apart to compare—

Slippage, 4 orderslive order books−$29.82

Fee Phoenix bp × 2 orders−$7.00

Fee Bullet bp × 2 orders$0.00

Net · 7 days · $10k−$64.94

price spread not counted: prices read too far apart

Costs to cover0.368%Break-evennever at this rate

Slippage: Phoenix: live order book, 51 min ago; Bullet: live order book, 29 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGPhoenix2.4117.2 bp−$1760.0 bp−$600doesn’t fitdoesn’t fit

SELL · SHORTBullet1.221.2 bp−$16.3 bp−$63doesn’t fitdoesn’t fit

Closing costs about the same again.

ENA news

posts that mention ENA, from every exchangeSearch all news →

10-23 09:05	Reya	Listing	new market ENARUSDPERP ($ENA) seen by our collector
10-21 12:23	OKX	Other	ZEC (@Zcash) takes the spotlight in X Drops in Europe. Hold ZEC, TAO, LTC, ONDO, LINK, ZRO, LIT, ENA, DOGE or ARB for a share of 200 $ZEC, with 2× on all ZEC trades. Ends Oct 26, 14:00 CEST. @okx on X ↗
10-20 09:08	Bullet	Listing	By popular demand, $ENA perps are now live on Bullet. 24/7. Up to 20x leverage. On @solana - at the speed of light. @Bulletxyz on X ↗
10-20 08:16	Bullet	Listing	new market ENA-USD ($ENA) seen by our collector
10-16 07:56	Pacifica	Listing	$ENA Print is now live on Pacifica. Place Print $ENA orders with up to 10x leverage! Start printing: @pacifica_fi on X ↗
10-13 15:13	OKX	Other	Europe, your next X Drops club is here. near:native, $ZEC, $XRP, $ONDO, $ENA, $SUI, $TAO, $HYPE, $PUMP, $LIT and $ZRO are in, with 38,000 near:native up for grabs. Join the drop. @okx on X ↗

ENA