ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: Extended against Polymarket Perps−0.073%7-day average −0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs+$1as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$280.277% of the position

Long on Polymarket Perps Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.283%+$28 on $10k

Price spread, last 7 days+0.020%+$2 · spread now −0.073%, 7d avg −0.046%

Together, before fees+0.303%+ Points / potential airdropExtended: Active · farm board+$30 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.027% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps ENA-USD	0.2093	0.0100	pay 0.0013% / 1h	35m 47s	$181K	$3.0M	10x
Short	Extended ENA-USD	0.2091	0.0104	get 0.0013% / 1h	35m 47s	$1.6M	$4.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 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 Polymarket PerpsbpFee ExtendedbpOrdersPrice spread, now −0.073%Rate

Funding earned: $0.84
Price spread: −0.073% → −0.046%: −$2.7
Slippage, 4 orders: −$14.69
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$29.55
Costs to cover: 0.277%
Break-even: 253.2 days

Slippage from Polymarket Perps: live order book, 3 min ago; Extended: live order book, 3 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, 3 min ago	2.87 bp	6.9 bp −$7	9.9 bp −$99	14323.6 bp −$1.43M	doesn't fit
Sell Extended live order book, 3 min ago	0.48 bp	6.6 bp −$7	14.4 bp −$144	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
Backpack ENA_USDC_PERP	−0.0352%	1h	0.2092	−0.057%	$360K	$485K	5x	as long as short
Orderly PERP_ENA_USDC	−0.0083%	4h	0.2091	−0.096%	$41K	$24K	10x	as long as short
01 Exchange ENAUSD	−0.0032%	1h	0.2091	−0.081%	$4K	$432	10x	as long as short
Gate ENA_USDT	−0.0018%	4h	0.2091	−0.076%	$10.4M	$21.5M	50x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2092	−0.057%	$97K	$1.9M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2092	−0.057%	$96K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+1.452%	$522	$57K	5.5x	as long as short
Phoenix ENA	+0.0076%	1h	0.2097	+0.205%	$5K	$394K	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2091	−0.096%	$59K	$541K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2094	+0.031%	$47K	$221	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado ENA-PERP	+0.0100%	1h	0.2091	−0.082%	$656K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2093	−0.010%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2094	+0.059%	$402K	$585K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2094	+0.033%	$129.1M	$467.2M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2094	+0.029%	$87.6M	$193.3M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2094	+0.048%	$20.2M	$114.0M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2091	−0.119%	$19K	$433K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2094	+0.048%	$82K	$223K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2094	+0.048%	$88K	$2K	10x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2094	+0.067%	$44.7M	$48.7M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2094	+0.062%	$24.2M	$16.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2093	−0.005%	$47.4M	$66.6M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2094	+0.038%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2095	+0.094%	$3.6M	$10.2M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2091	−0.099%	$248K	$8.0M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2096	+0.131%	$353K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2096	+0.143%	$32K	$712K	50x	as long as short
Polymarket Perps ENA-USDlong	+0.0100%	1h	0.2093	long leg	$181K	$3.0M	10x
SunX ENA-USDT	+0.0100%	4h	0.2041	−2.475%	$1K	$806K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2091	−0.096%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2094	+0.038%	$272K	$1.6M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2091	−0.096%	$1.8M	$9.3M	50x	as long as short
Extended ENA-USDshort	+0.0104%	1h	0.2091	−0.073%	$1.6M	$4.1M	50x
Aevo ENA-PERP	+0.0104%	1h	0.2092	−0.057%	$77K	$11K	3x	as long as short
Kraken Futures PF_ENAUSD	+0.0104%	1h	0.2093	−0.012%	$2.7M	$5.8M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0212% / S −0.0160%	1h	0.2092	−0.040%	$50K	—	100x	as long as short
Lighter ENA	+0.0264%	1h	0.2097	+0.177%	$5.7M	$13.1M	10x	as long as short
Hyperliquid ENA	+0.0300%	1h	0.2095	+0.115%	$110.6M	$80.7M	10x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2093	+0.014%	$5.5M	$8.1M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2091	−0.077%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0536%	1h	0.2101	+0.373%	$802K	$2.2M	50x	as long as short
dYdX ENA-USD	+0.9219%	1h	0.2094	+0.044%	$138K	$12K	5x	as long as short