ENA

Alert: funding

Alert: spread

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

Price spread now: Arcus against Popdex+0.047%7-day average +0.041% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$400.399% of the position

Long on Popdex Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.027%−$3 · spread now +0.047%, 7d avg +0.041%

Together, before fees−0.023%−$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex ENAUSDT	0.2113	0.0096	pay 0.0012% / 1h	53m 48s	$63K	$529K	50x
Short	Arcus ENA-USD	0.2114	0.0100	get 0.0013% / 1h	53m 48s	$83K	$221K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Popdex. 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 PopdexbpFee ArcusbpOrdersPrice spread, now +0.047%Rate

Funding earned: $0.84
Price spread: +0.047% → +0.041%: $0.61
Slippage, 4 orders: −$28.96
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$38.41
Costs to cover: 0.399%
Break-even: 327.1 days

Slippage from Popdex: live order book, 25 min ago; Arcus: live order book, 24 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 Popdex live order book, 25 min ago	1.19 bp	7.7 bp −$8	60.4 bp −$604	doesn't fit	doesn't fit
Sell Arcus live order book, 24 min ago	7.16 bp	10.2 bp −$10	24.4 bp −$244	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	−0.0095%	1h	0.2114	+0.038%	$373K	$447K	5x	as long as short
Orderly PERP_ENA_USDC	−0.0035%	4h	0.2113	+0.005%	$41K	$24K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2114	+0.062%	$92K	$1.8M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2115	+0.081%	$105K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.492%	$522	$57K	5.5x	as long as short
Popdex ENAUSDTlong	+0.0096%	1h	0.2113	long leg	$63K	$529K	50x
Nado ENA-PERP	+0.0100%	1h	0.2113	+0.007%	$679K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2117	+0.176%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2114	+0.026%	$409K	$573K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2122	+0.422%	$131.2M	$455.3M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ENAUSDT	+0.0100%	4h	0.2122	+0.450%	$89.2M	$191.0M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2124	+0.497%	$20.5M	$112.2M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2118	+0.232%	$16K	$400K	5x	as long as short
Arcus ENA-USDshort	+0.0100%	1h	0.2114	+0.047%	$83K	$221K	10x
Bulk ENA-USD	+0.0100%	1h	0.2122	+0.407%	$89K	$500	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2116	+0.156%	$10.8M	$21.1M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2122	+0.402%	$46.9M	$45.3M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2117	+0.194%	$24.4M	$16.4M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2122	+0.402%	$48.0M	$64.9M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2122	+0.440%	—	$32.7M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2119	+0.263%	$3.9M	$10.3M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2122	+0.426%	$251K	$7.6M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2123	+0.456%	$352K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2123	+0.473%	$32K	$711K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2114	+0.028%	$178K	$2.6M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2062	−2.409%	$1K	$820K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2113	0.000%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2117	+0.189%	$274K	$1.5M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2113	0.000%	$2.0M	$9.2M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2112	−0.054%	$47K	$221	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2114	+0.035%	$78K	$11K	3x	as long as short
Phoenix ENA	+0.0115%	1h	0.2120	+0.350%	$5K	$347K	10x	as long as short
01 Exchange ENAUSD	+0.0136%	1h	0.2114	+0.071%	$4K	$312	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0242%	1h	0.2115	+0.072%	$2.7M	$5.5M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0250% / S −0.0434%	1h	0.2114	+0.071%	$38K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2117	+0.175%	$5.6M	$8.1M	75x	as long as short
Extended ENA-USD	+0.0360%	1h	0.2116	+0.121%	$1.6M	$4.2M	50x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2113	−0.009%	$1K	$5K	15x	as long as short
Hyperliquid ENA	+0.0518%	1h	0.2127	+0.648%	$113.7M	$78.5M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0552%	1h	0.2125	+0.563%	$839K	$2.1M	50x	as long as short
Lighter ENA	+0.0560%	1h	0.2116	+0.123%	$5.7M	$12.8M	10x	as long as short
dYdX ENA-USD	+0.1725%	1h	0.2116	+0.144%	$140K	$15K	5x	as long as short