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: Popdex against Polymarket Perps−0.067%7-day average −0.073% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$340.339% of the position

Long on Polymarket Perps Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.005%+$1 on $10k

Price spread, last 4 days (all we have)−0.741%−$74 · spread now −0.067%, 7d avg −0.073%

Together, before fees−0.735%−$74 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps ENA-USD	0.2100	0.0100	pay 0.0013% / 1h	29m 49s	$182K	$3.0M	10x
Short	Popdex ENAUSDT	0.2099	0.0096	get 0.0012% / 1h	29m 49s	$59K	$541K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now −0.067%Rate

Funding earned: −$0.84
Price spread: −0.067% → −0.073%: $0.67
Slippage, 4 orders: −$19.49
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$34.06
Costs to cover: 0.339%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 4 min ago; Popdex: live order book, 59 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	2.62 bp	6.6 bp −$7	8.7 bp −$87	14297.5 bp −$1.43M	doesn't fit
Sell Popdex live order book, 59 min ago	1.41 bp	11.2 bp −$11	80.3 bp −$803	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	−0.0296%	1h	0.2102	+0.062%	$362K	$485K	5x	as long as short
Orderly PERP_ENA_USDC	−0.0082%	4h	0.2100	−0.014%	$41K	$23K	10x	as long as short
01 Exchange ENAUSD	−0.0032%	1h	0.2099	−0.057%	$4K	$432	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2101	+0.014%	$93K	$1.9M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2100	−0.029%	$96K	—	150x	as long as short
Gate ENA_USDT	+0.0008%	4h	0.2103	+0.114%	$10.4M	$21.6M	50x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+1.095%	$522	$57K	5.5x	as long as short
Phoenix ENA	+0.0076%	1h	0.2095	−0.233%	$5K	$394K	10x	as long as short
Popdex ENAUSDTshort	+0.0096%	1h	0.2099	−0.067%	$59K	$541K	50x
Paradex ENA-USD-PERP	+0.0100%	8h	0.2099	−0.074%	$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	0.2099	−0.081%	$658K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2102	+0.094%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2099	−0.048%	$403K	$585K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2103	+0.101%	$129.6M	$467.3M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2102	+0.086%	$87.8M	$193.7M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2103	+0.138%	$20.3M	$114.4M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2100	−0.014%	$19K	$435K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2100	−0.019%	$82K	$223K	10x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2103	+0.119%	$45.2M	$48.9M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2104	+0.157%	$24.3M	$16.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2102	+0.062%	$47.6M	$66.6M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2103	+0.119%	—	$32.0M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2099	−0.074%	$3.6M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2097	−0.149%	$249K	$8.0M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2094	−0.325%	$359K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2097	−0.162%	$32K	$713K	50x	as long as short
Polymarket Perps ENA-USDlong	+0.0100%	1h	0.2100	long leg	$182K	$3.0M	10x
SunX ENA-USDT	+0.0100%	4h	0.2049	−2.466%	$1K	$807K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2100	−0.019%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2103	+0.124%	$273K	$1.6M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2100	−0.019%	$1.9M	$9.3M	50x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2100	+0.001%	$89K	$2K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0104%	1h	0.2100	−0.032%	$2.6M	$5.8M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2103	+0.106%	$1.6M	$4.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2101	+0.022%	$77K	$11K	3x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0213% / S −0.0161%	1h	0.2100	−0.019%	$50K	—	100x	as long as short
Lighter ENA	+0.0288%	1h	0.2103	+0.119%	$5.7M	$13.2M	10x	as long as short
Hyperliquid ENA	+0.0313%	1h	0.2103	+0.142%	$111.0M	$80.9M	10x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2101	+0.029%	$5.5M	$8.1M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2099	−0.064%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0536%	1h	0.2108	+0.381%	$805K	$2.2M	50x	as long as short
dYdX ENA-USD	+0.8118%	1h	0.2100	−0.029%	$139K	$15K	5x	as long as short