Funding you earn now, next payment 23:00 UTC+0.1809%/8h= +198.1% APRnext payment +$2.26 per $10,000 · paid last 24h +0.689%
Price spread now: dYdX against Polymarket Perps−0.054%7-day average −0.079% · you buy dearer than you sell
Net, funding: paid 7d − costs−$640as in the Funding arb table
Net, price: spread back to 7d avg − costs−$762as in the Price arb table
costs, in and out, $10k−$7657.650% of the position
Funding, last 7 days+1.250%+$125 on $10k
+Price spread, last 4 days (all we have)+0.001%$0 · spread now −0.054%, 7d avg −0.079%
=Both sides work for this trade now. Funding pays +$54 a day on $10k at the current rate, and dYdX is 0.025% dearer against Polymarket Perps than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.079%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 1.250% in total (about 65.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.26 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 | Polymarket Perps ENA-USD | 0.2094 | 0.0100 | pay 0.0013% / 1h | 35m 23s | $187K | $2.7M | 10x |
| Short | dYdX ENA-USD | 0.2093 | 0.1909 | get 0.0239% / 1h | 35m 23s | $138K | $15K | 5x |
Polymarket Perps ENA-USD
dYdX ENA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX against Polymarket Perps. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $379.88
- Price spread: −0.054% → −0.079%
- $2.51
- Slippage, 4 orders
- −$746.96
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$382.57
- Costs to cover
- 7.650%
- Break-even
- 14.0 days
Slippage from Polymarket Perps: live order book, 4 min ago; dYdX: live order book, 49 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 Polymarket Perps live order book, 4 min ago | 2.86 bp | 7.8 bp −$8 | 11.3 bp −$113 | 16525.3 bp −$1.65M | doesn't fit |
| Sell dYdX live order book, 49 min ago | 74.05 bp | 500.5 bp −$500 | 727.7 bp −$7,277 | 808.8 bp −$80.9K | 1641.0 bp −$820.5K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack ENA_USDC_PERP | −0.0068% | 1h | 0.2090 | −0.196% | $361K | $481K | 5x | as long as short |
| Orderly PERP_ENA_USDC | −0.0064% | 4h | 0.2092 | −0.091% | $40K | $24K | 10x | as long as short |
| Deribit ENA_USDC-PERPETUAL | 0.0000% | 1h | 0.2091 | −0.124% | $92K | $1.8M | 50x | as long as short |
| gTrade (Gains Network) ENA/USD | L +0.0003% / S −0.0003% | 1h | 0.2093 | −0.040% | $96K | — | 150x | as long as short |
| Injective ENA/USDC PERP | +0.0033% | 1h | 0.2123 | +1.409% | $522 | $57K | 5.5x | as long as short |
| Kraken Futures PF_ENAUSD | +0.0066% | 1h | 0.2090 | −0.186% | $2.6M | $5.6M | 50x | as long as short |
| 01 Exchange ENAUSD | +0.0096% | 1h | 0.2093 | −0.048% | $4K | $432 | 10x | as long as short |
| Popdex ENAUSDT | +0.0096% | 1h | 0.2092 | −0.091% | $59K | $537K | 50x | as long as short |
| Paradex ENA-USD-PERP | +0.0100% | 8h | 0.2091 | −0.155% | $47K | $221 | 10x | as long as short |
| Nado ENA-PERP | +0.0100% | 1h | 0.2092 | −0.098% | $658K | $1.8M | 10x | as long as short |
Backpack ENA_USDC_PERP
Orderly PERP_ENA_USDC
Deribit ENA_USDC-PERPETUAL
gTrade (Gains Network) ENA/USD
Injective ENA/USDC PERP
Kraken Futures PF_ENAUSD
01 Exchange ENAUSD
Popdex ENAUSDT
Paradex ENA-USD-PERP
Nado ENA-PERPShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster ENAUSDT | +0.0100% | 4h | 0.2093 | −0.049% | $1.5M | $3.3M | 50x | as long as short |
| Pacifica ENA | +0.0100% | 1h | 0.2092 | −0.086% | $405K | $581K | 10x | as long as short |
| Binance ENAUSDT | +0.0100% | 4h | 0.2093 | −0.036% | $129.0M | $459.6M | 75x | as long as short |
| Bybit ENAUSDT | +0.0100% | 4h | 0.2092 | −0.081% | $87.0M | $191.3M | 50x | as long as short |
| OKX ENA-USDT-SWAP | +0.0100% | 4h | 0.2093 | −0.048% | $20.2M | $112.1M | 50x | as long as short |
| Ondo Perps ENA-USD.P | +0.0100% | 1h | 0.2094 | +0.014% | $15K | $416K | 5x | as long as short |
| Arcus ENA-USD | +0.0100% | 1h | 0.2093 | −0.043% | $82K | $222K | 10x | as long as short |
| Bulk ENA-USD | +0.0100% | 1h | 0.2098 | +0.188% | $88K | $1K | 10x | as long as short |
| Gate ENA_USDT | +0.0100% | 4h | 0.2093 | −0.048% | $10.4M | $21.2M | 50x | as long as short |
| MEXC ENA_USDT | +0.0100% | 4h | 0.2093 | −0.029% | $44.9M | $46.7M | 200x | as long as short |
| KuCoin ENAUSDTM | +0.0100% | 4h | 0.2093 | −0.057% | $23.9M | $16.5M | 75x | as long as short |
| Bitget ENAUSDT | +0.0100% | 4h | 0.2092 | −0.110% | $47.4M | $65.0M | 75x | as long as short |
| BingX ENA-USDC | +0.0100% | 4h | 0.2093 | −0.053% | — | $6.5M | — | as long as short |
| Variational Omni ENA | +0.0100% | 4h | 0.2091 | −0.148% | $3.8M | $10.4M | — | as long as short |
| edgeX ENAUSDC | +0.0100% | 4h | 0.2095 | +0.066% | $249K | $7.8M | 20x | as long as short |
| GRVT ENA_USDT_Perp | +0.0100% | 4h | 0.2095 | +0.053% | $354K | $4.6M | 10x | as long as short |
| ApeX Omni ENAUSDT | +0.0100% | 1h | 0.2100 | +0.291% | $32K | $711K | 50x | as long as short |
| Polymarket Perps ENA-USDlong | +0.0100% | 1h | 0.2094 | long leg | $187K | $2.7M | 10x | |
| SunX ENA-USDT | +0.0100% | 4h | 0.2041 | −2.503% | $1K | $815K | 20x | as long as short |
| SoDEX ENA-USD | +0.0100% | 1h | 0.2090 | −0.186% | $4K | $14K | 10x | as long as short |
| HTX ENA-USDT | +0.0100% | 4h | 0.2099 | +0.239% | $274K | $1.5M | 50x | as long as short |
| Phemex ENAUSDT | +0.0100% | 4h | 0.2088 | −0.282% | $1.9M | $9.2M | 50x | as long as short |
| Aevo ENA-PERP | +0.0104% | 1h | 0.2093 | −0.052% | $77K | $11K | 3x | as long as short |
| Phoenix ENA | +0.0115% | 1h | 0.2095 | +0.033% | $5K | $356K | 10x | as long as short |
| GMX ENA/USD [ETH-USDC] | L +0.0229% / S −0.0384% | 1h | 0.2092 | −0.067% | $38K | — | 100x | as long as short |
| Extended ENA-USD | +0.0288% | 1h | 0.2091 | −0.124% | $1.6M | $4.2M | 50x | as long as short |
| BloFin ENA-USDT | +0.0340% | 4h | 0.2095 | +0.048% | $5.5M | $8.0M | 75x | as long as short |
| Reya ENARUSDPERP | +0.0412% | 1h | 0.2093 | −0.042% | $1K | $5K | 15x | as long as short |
| Lighter ENA | +0.0504% | 1h | 0.2095 | +0.033% | $5.6M | $12.9M | 10x | as long as short |
| Hyperliquid ENA | +0.0556% | 1h | 0.2096 | +0.115% | $110.7M | $79.5M | 10x | as long as short |
| Coinbase International ENA-PERP-INTX | +0.0576% | 1h | 0.2097 | +0.138% | $805K | $2.1M | 50x | as long as short |
| dYdX ENA-USDshort | +0.1909% | 1h | 0.2093 | −0.054% | $138K | $15K | 5x |
Aster ENAUSDT
Pacifica ENA
Binance ENAUSDT
Bybit ENAUSDT
OKX ENA-USDT-SWAP
Ondo Perps ENA-USD.P
Arcus ENA-USD
Bulk ENA-USD
Gate ENA_USDT
MEXC ENA_USDT
KuCoin ENAUSDTM
Bitget ENAUSDT
BingX ENA-USDC
Variational Omni ENA
edgeX ENAUSDC
GRVT ENA_USDT_Perp
ApeX Omni ENAUSDT
SunX ENA-USDT
SoDEX ENA-USD
HTX ENA-USDT
Phemex ENAUSDT
Aevo ENA-PERP
Phoenix ENA
GMX ENA/USD [ETH-USDC]
Extended ENA-USD
BloFin ENA-USDT
Reya ENARUSDPERP
Lighter ENA
Hyperliquid ENA
Coinbase International ENA-PERP-INTX