ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0053%/8h= −5.8% APRnext payment −$0.07 per $10,000 · paid last 24h −0.001%

Price spread now: Ondo Perps against Phoenix−0.313%48s7-day average −0.072% · you buy dearer than you sell

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

Long on Phoenix Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.109%−$11 on $10k

Price spread, last 4 days (all we have)+0.056%+$6 · spread now −0.313%, 7d avg −0.072%

Together, before fees−0.053%+ Points / potential airdropOndo Perps: Active · farm board−$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Ondo Perps is 0.241% cheaper against Phoenix than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of −0.072%). Swap the legs. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix ENA	0.2111	0.0153	pay 0.0019% / 1h	38m 03s	$8K	$278K	10x
Short	Ondo Perps ENA-USD.P	0.2104	0.0100	get 0.0013% / 1h	38m 03s	$20K	$321K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Phoenix. 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 PhoenixbpFee Ondo PerpsbpOrdersPrice spread, now −0.313%Rate

Funding earned: −$11.03
Price spread: −0.313% → −0.072%: −$24.08
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$47.11
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Phoenix: live order book, 8 min ago; Ondo Perps: no order-book sample. 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 Phoenix live order book, 8 min ago	1.89 bp	16.8 bp −$17	59.4 bp −$594	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

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	−0.0142%	4h	0.2110	−0.028%	$44K	$25K	10x	as long as short
01 Exchange ENAUSD	−0.0008%	1h	0.2109	−0.104%	$4K	$277	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2111	+0.014%	$73K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2111	−0.009%	$82K	—	150x	as long as short
Gate ENA_USDT	+0.0004%	4h	0.2112	+0.057%	$11.1M	$23.5M	50x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.602%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2107	−0.175%	$57K	$467K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2106	−0.218%	$47K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2110	−0.043%	$654K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2115	+0.185%	$114.6M	$74.1M	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	0.2113	+0.098%	$1.4M	$3.2M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2108	−0.136%	$395K	$525K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2113	+0.098%	$127.9M	$417.0M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2114	+0.133%	$85.5M	$175.2M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2115	+0.185%	$21.2M	$104.2M	50x	as long as short
Ondo Perps ENA-USD.Pshort	+0.0100%	1h	0.2104	−0.313%	$20K	$321K	5x
Arcus ENA-USD	+0.0100%	1h	0.2107	−0.175%	$78K	$276K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2112	+0.062%	$93K	−$0	10x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2113	+0.104%	$45.5M	$40.7M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2112	+0.081%	$24.9M	$15.5M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2112	+0.047%	$48.0M	$58.0M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2112	+0.085%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2100	−0.497%	$3.0M	$10.0M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2109	−0.093%	$242K	$6.8M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2103	−0.347%	$354K	$4.9M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2107	−0.175%	$20K	$648K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2111	+0.024%	$189K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2061	−2.359%	$922	$869K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2111	+0.014%	$3K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2117	+0.280%	$267K	$798K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2111	+0.014%	$1.8M	$8.9M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2110	−0.012%	$1.6M	$4.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2111	0.000%	$74K	$4K	3x	as long as short
Phoenix ENAlong	+0.0153%	1h	0.2111	long leg	$8K	$278K	10x
Kraken Futures PF_ENAUSD	+0.0163%	1h	0.2112	+0.083%	$2.6M	$4.3M	50x	as long as short
Lighter ENA	+0.0192%	1h	0.2113	+0.118%	$5.2M	$13.0M	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0307% / S −0.0358%	1h	0.2110	−0.025%	$70K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2102	−0.431%	$5.5M	$3.0M	75x	as long as short
dYdX ENA-USD	+0.0376%	1h	0.2108	−0.136%	$139K	$15K	5x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2110	−0.022%	$1K	$5K	15x	as long as short
Backpack ENA_USDC_PERP	+0.0566%	1h	0.2114	+0.152%	$358K	$400K	5x	as long as short
Coinbase International ENA-PERP-INTX	+0.0704%	1h	0.2111	+0.033%	$864K	$1.7M	50x	as long as short