ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h +0.676%

Price spread now: dYdX against Popdex−0.190%7-day average 0.000% · 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−$518as in the Price arb table

costs, in and out, $10k−$5004.995% of the position

Long on Popdex Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.962%+$96 on $10k

Price spread, last 4 days (all we have)+0.634%+$63 · spread now −0.190%, 7d avg 0.000%

Together, before fees+1.596%+$160 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: dYdX is 0.189% cheaper against Popdex than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex ENAUSDT	0.2108	0.0096	pay 0.0012% / 1h	37m 03s	$55K	$498K	50x
Short	dYdX ENA-USD	0.2104	0.0088	get 0.0011% / 1h	37m 03s	$139K	$15K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.190%Rate

Funding earned: −$1.71
Price spread: −0.190% → 0.000%: −$18.94
Slippage, 4 orders: −$483.14
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$520.19
Costs to cover: 4.995%
Break-even: never at this rate

Slippage from Popdex: live order book, 27 min ago; dYdX: live order book, 27 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, 27 min ago	2.35 bp	12.1 bp −$12	64.8 bp −$648	doesn't fit	doesn't fit
Sell dYdX live order book, 27 min ago	153.18 bp	315.7 bp −$316	583.2 bp −$5,832	651.4 bp −$65.1K	1479.4 bp −$739.7K

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
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2111	+0.123%	$79K	$1.3M	50x	as long as short
Orderly PERP_ENA_USDC	0.0000%	4h	0.2109	+0.062%	$44K	$27K	10x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2110	+0.115%	$82K	—	150x	as long as short
01 Exchange ENAUSD	+0.0008%	1h	0.2108	+0.009%	$4K	$302	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.731%	$522	$57K	5.5x	as long as short
dYdX ENA-USDshort	+0.0088%	1h	0.2104	−0.190%	$139K	$15K	5x
Popdex ENAUSDTlong	+0.0096%	1h	0.2108	long leg	$55K	$498K	50x
Nado ENA-PERP	+0.0100%	1h	0.2108	+0.014%	$681K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2112	+0.213%	$113.6M	$71.3M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2110	+0.079%	$1.5M	$3.0M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ENA	+0.0100%	1h	0.2104	−0.182%	$411K	$511K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2110	+0.094%	$129.5M	$422.2M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2109	+0.038%	$86.5M	$175.9M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2109	+0.047%	$20.8M	$102.5M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2106	−0.104%	$19K	$364K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2105	−0.142%	$78K	$288K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2113	+0.237%	$93K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2110	+0.104%	$11.0M	$21.2M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2110	+0.076%	$45.4M	$41.8M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2111	+0.138%	$24.6M	$15.7M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2107	−0.024%	$48.0M	$57.9M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2110	+0.109%	—	$32.2M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2111	+0.161%	$374K	$364K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2112	+0.187%	$3.4M	$10.3M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2113	+0.255%	$244K	$7.3M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2106	−0.095%	$360K	$4.8M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2105	−0.142%	$32K	$648K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2110	+0.095%	$183K	$2.3M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2058	−2.377%	$1K	$841K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2110	+0.095%	$3K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2117	+0.408%	$277K	$779K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2112	+0.190%	$1.9M	$8.9M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2104	−0.172%	$47K	$110	10x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2109	+0.027%	$1.6M	$4.1M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2110	+0.073%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0150%	1h	0.2107	−0.043%	$8K	$298K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0251% / S −0.0206%	1h	0.2111	+0.124%	$50K	—	100x	as long as short
Kraken Futures PF_ENAUSD	+0.0285%	1h	0.2111	+0.142%	$2.6M	$4.3M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2109	+0.071%	$5.6M	$3.1M	75x	as long as short
Lighter ENA	+0.0352%	1h	0.2113	+0.223%	$5.5M	$13.6M	10x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2110	+0.073%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0664%	1h	0.2114	+0.270%	$831K	$1.5M	50x	as long as short