ENA

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	PhoenixENA	0.2105	+0.0117	pay 0.0015% / 1h	17m 31s	$17K	$115K	10x	Long Phoenix
SHORT	RISExENA/USDC	0.2107	−0.4464	pay 0.0558% / 1h	17m 31s	$178K	$338K	10x	Short RISExInvite

Price gap+0.100%

Funding gap−0.4581% /8h

The gap pays +$23 on $10k if it goes back to its 7d average, but funding costs $137 a day and eats that in about 4 hours. At the last 7 days' pace that is about 27 days.

If you open now and hold

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

Funding−$6−0.4581% /8h now · paid −0.059% over the last 7D

Price+$23spread +0.100% now, avg −0.132% → +0.231% if it goes back

Costs−$440.443% of $10k · taker + slippage, in and out

Result−$27−0.27%no pointsWhat the last 7D really paid, hour by hour → backtest

The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.059% in total, about −0.0028%/8h on average.

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+0.100%

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

3 ok · 2 to watch

Watch: Thin at this size17.0 / 5.2 bp
At $10k entering Phoenix costs 17.0 bp, fee and slippage, 3.3× RISEx’s.
Note: Margin at max leverage$1,000 + $1,000
Phoenix 10x, RISEx 10x. 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: −$137.44Long Phoenix: 24 payments, −$3.51; short RISEx: 24 payments, −$133.93.
OK: Entry gap works for you+0.100% vs −0.132%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Long leg is thinner$17K vs $178K OI
Phoenix 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 · RISEx 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−0.0028%/8h × 21 periods−$5.90

Price spread+0.100% → −0.132% (7d avg)+$23.14

Slippage, 4 orderslive order books−$31.31

Fee Phoenix bp × 2 orders−$7.00

Fee RISEx bp × 2 orders−$6.00

Net · 7 days · $10k−$27.08

Costs to cover0.443%Break-evennever at this rate

Slippage: Phoenix: live order book, 8 min ago; RISEx: live order book, 12 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGPhoenix2.3817.0 bp−$1759.9 bp−$599doesn’t fitdoesn’t fit

SELL · SHORTRISEx1.925.2 bp−$530.0 bp−$300doesn’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