ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h +0.012%

Price spread now: Extended against Popdex−0.125%7-day average −0.035% · 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−$42as in the Price arb table

costs, in and out, $10k−$330.335% of the position

Long on Popdex Short on Extended

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.042%+$4 on $10k

Price spread, last 4 days (all we have)+0.251%+$25 · spread now −0.125%, 7d avg −0.035%

Together, before fees+0.292%+ Points / potential airdropExtended: Active · farm board+$29 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 0.090% cheaper against Popdex than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex ENAUSDT	0.2094	0.0096	pay 0.0012% / 1h	47m 54s	$55K	$500K	50x
Short	Extended ENA-USD	0.2091	0.0104	get 0.0013% / 1h	47m 54s	$1.6M	$4.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.125%Rate

Funding earned: $1.68
Price spread: −0.125% → −0.035%: −$9.03
Slippage, 4 orders: −$22.05
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$40.8
Costs to cover: 0.335%
Break-even: 177.0 days

Slippage from Popdex: live order book, 11 min ago; Extended: live order book, 1 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, 11 min ago	1.89 bp	11.4 bp −$11	59.7 bp −$597	doesn't fit	doesn't fit
Sell Extended live order book, 1 min ago	2.15 bp	7.8 bp −$8	14.7 bp −$147	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	−0.0303%	1h	0.2094	−0.010%	$366K	$388K	5x	as long as short
01 Exchange ENAUSD	−0.0104%	1h	0.2094	0.000%	$4K	$302	10x	as long as short
Orderly PERP_ENA_USDC	−0.0059%	4h	0.2093	−0.062%	$43K	$25K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2093	−0.033%	$78K	$1.2M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2094	−0.016%	$81K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+1.404%	$522	$57K	5.5x	as long as short
Phoenix ENA	+0.0076%	1h	0.2094	0.000%	$8K	$266K	10x	as long as short
Lighter ENA	+0.0096%	1h	0.2094	+0.024%	$5.2M	$13.4M	10x	as long as short
Popdex ENAUSDTlong	+0.0096%	1h	0.2094	long leg	$55K	$500K	50x
Paradex ENA-USD-PERP	+0.0100%	8h	0.2092	−0.072%	$47K	$110	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	0.2094	−0.002%	$657K	$1.6M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2095	+0.038%	$111.6M	$72.9M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2094	0.000%	$1.5M	$2.9M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2093	−0.047%	$408K	$500K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2092	−0.110%	$127.8M	$415.8M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2092	−0.105%	$85.0M	$176.1M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2093	−0.053%	$20.7M	$101.9M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2089	−0.239%	$19K	$321K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2092	−0.096%	$77K	$275K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2107	+0.621%	$92K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2092	−0.100%	$11.0M	$21.6M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2092	−0.081%	$45.0M	$41.1M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2093	−0.033%	$24.5M	$15.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2091	−0.143%	$47.7M	$57.5M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2092	−0.105%	—	$32.2M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2097	+0.133%	$3.1M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2105	+0.511%	$242K	$7.0M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2104	+0.498%	$353K	$4.9M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2099	+0.239%	$20K	$648K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2094	0.000%	$178K	$2.3M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2043	−2.416%	$1K	$843K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2092	−0.096%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2095	+0.053%	$271K	$797K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2093	−0.048%	$1.8M	$8.8M	50x	as long as short
Extended ENA-USDshort	+0.0104%	1h	0.2091	−0.125%	$1.6M	$4.1M	50x
Aevo ENA-PERP	+0.0104%	1h	0.2093	−0.033%	$73K	$4K	3x	as long as short
dYdX ENA-USD	+0.0148%	1h	0.2093	−0.066%	$138K	$15K	5x	as long as short
Kraken Futures PF_ENAUSD	+0.0245%	1h	0.2094	−0.008%	$2.6M	$4.2M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0253% / S −0.0213%	1h	0.2094	−0.007%	$51K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2088	−0.306%	$5.6M	$3.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2093	−0.046%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0632%	1h	0.2090	−0.186%	$851K	$1.5M	50x	as long as short