ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0440%/8h= +48.2% APRnext payment +$0.55 per $10,000 · paid last 24h +0.133%

Price spread now: Coinbase International against Popdex+0.448%7-day average +0.158% · 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−$30as in the Price arb table

costs, in and out, $10k−$590.594% of the position

Long on Popdex Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.353%+$35 on $10k

Price spread, last 3 days (all we have)−0.224%−$22 · spread now +0.448%, 7d avg +0.158%

Together, before fees+0.128%+$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Coinbase International is 0.290% dearer against Popdex than usual: you sell high and buy low: +$29 more if the spread goes back to its 7-day average of +0.158%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex ENAUSDT	0.2099	0.0096	pay 0.0012% / 1h	30m 08s	$59K	$541K	50x
Short	Coinbase International ENA-PERP-INTX	0.2108	0.0536	get 0.0067% / 1h	30m 08s	$805K	$2.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.448%Rate

Funding earned: $92.4
Price spread: +0.448% → +0.158%: $28.96
Slippage, 4 orders: −$43.01
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $61.95
Costs to cover: 0.594%
Break-even: 2.3 days

Slippage from Popdex: live order book, 59 min ago; Coinbase International: live order book, 4 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, 59 min ago	1.41 bp	9.4 bp −$9	100.8 bp −$1,008	doesn't fit	doesn't fit
Sell Coinbase International live order book, 4 min ago	9.52 bp	20.8 bp −$21	26.6 bp −$266	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	+0.129%	$362K	$485K	5x	as long as short
Orderly PERP_ENA_USDC	−0.0082%	4h	0.2100	+0.052%	$41K	$23K	10x	as long as short
01 Exchange ENAUSD	−0.0032%	1h	0.2099	+0.010%	$4K	$432	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2101	+0.081%	$93K	$1.9M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2100	+0.038%	$96K	—	150x	as long as short
Gate ENA_USDT	+0.0008%	4h	0.2101	+0.095%	$10.4M	$21.6M	50x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+1.162%	$522	$57K	5.5x	as long as short
Phoenix ENA	+0.0076%	1h	0.2095	−0.167%	$5K	$394K	10x	as long as short
Popdex ENAUSDTlong	+0.0096%	1h	0.2099	long leg	$59K	$541K	50x
Paradex ENA-USD-PERP	+0.0100%	8h	0.2099	−0.007%	$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	−0.014%	$658K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2102	+0.136%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2099	+0.019%	$403K	$585K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2102	+0.135%	$129.6M	$467.3M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2103	+0.195%	$87.8M	$193.7M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2104	+0.238%	$20.3M	$114.5M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2100	+0.052%	$19K	$435K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2100	+0.048%	$82K	$223K	10x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2100	+0.067%	$45.2M	$48.9M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2101	+0.100%	$24.3M	$16.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2099	+0.005%	$47.5M	$66.6M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2102	+0.119%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2099	−0.007%	$3.6M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2097	−0.083%	$249K	$8.0M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2094	−0.258%	$359K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2097	−0.095%	$32K	$713K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2100	+0.067%	$182K	$3.0M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2049	−2.401%	$1K	$807K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2100	+0.048%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2103	+0.191%	$273K	$1.6M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2100	+0.048%	$1.9M	$9.3M	50x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2100	+0.068%	$89K	$2K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0104%	1h	0.2100	+0.034%	$2.6M	$5.8M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2099	+0.004%	$1.6M	$4.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2101	+0.089%	$77K	$11K	3x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0213% / S −0.0161%	1h	0.2100	+0.048%	$50K	—	100x	as long as short
Lighter ENA	+0.0288%	1h	0.2103	+0.186%	$5.7M	$13.2M	10x	as long as short
Hyperliquid ENA	+0.0313%	1h	0.2103	+0.209%	$111.0M	$80.9M	10x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2101	+0.095%	$5.5M	$8.1M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2099	+0.003%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTXshort	+0.0536%	1h	0.2108	+0.448%	$805K	$2.2M	50x
dYdX ENA-USD	+0.8118%	1h	0.2100	+0.038%	$139K	$15K	5x	as long as short