ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.084%

Price spread now: Hyperliquid against Popdex+0.119%7-day average +0.115% · 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−$38as in the Price arb table

costs, in and out, $10k−$380.381% of the position

Long on Popdex Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.246%+$25 on $10k

Price spread, last 4 days (all we have)+0.136%+$14 · spread now +0.119%, 7d avg +0.115%

Together, before fees+0.383%+ Points / potential airdropHyperliquid: Season 2 · farm board+$38 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex ENAUSDT	0.2109	0.0096	pay 0.0012% / 1h	14m 25s	$53K	$484K	50x
Short	Hyperliquid ENA	0.2112	0.0100	get 0.0013% / 1h	14m 25s	$114.5M	$74.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.119%Rate

Funding earned: $0.84
Price spread: +0.119% → +0.115%: $0.37
Slippage, 4 orders: −$22.68
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$36.87
Costs to cover: 0.381%
Break-even: 314.3 days

Slippage from Popdex: live order book, 24 min ago; Hyperliquid: live order book, 9 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, 24 min ago	2.62 bp	10.5 bp −$10	82.6 bp −$826	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 9 min ago	0.48 bp	6.8 bp −$7	doesn't fit	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
Orderly PERP_ENA_USDC	−0.0086%	4h	0.2108	−0.057%	$44K	$17K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2109	−0.019%	$54K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2108	−0.047%	$81K	—	150x	as long as short
01 Exchange ENAUSD	+0.0032%	1h	0.2109	−0.005%	$4K	$277	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.683%	$522	$57K	5.5x	as long as short
Popdex ENAUSDTlong	+0.0096%	1h	0.2109	long leg	$53K	$484K	50x
Paradex ENA-USD-PERP	+0.0100%	8h	0.2111	+0.090%	$47K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2108	−0.036%	$564K	$1.8M	10x	as long as short
Hyperliquid ENAshort	+0.0100%	1h	0.2112	+0.119%	$114.5M	$74.7M	10x
Aster ENAUSDT	+0.0100%	4h	0.2109	+0.001%	$1.4M	$3.3M	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	0.2110	+0.063%	$407K	$563K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2109	+0.001%	$128.4M	$425.0M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2108	−0.028%	$90.4M	$187.4M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2110	+0.033%	$21.1M	$107.0M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2109	−0.005%	$33K	$312K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2109	0.000%	$78K	$281K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2105	−0.190%	$92K	$511	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2109	+0.019%	$13.0M	$27.3M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2110	+0.038%	$39.3M	$43.1M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2111	+0.081%	$24.9M	$15.8M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2107	−0.076%	$47.8M	$59.8M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2109	+0.009%	—	$31.4M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2110	+0.066%	$408K	$486K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2105	−0.170%	$3.0M	$9.9M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2106	−0.151%	$254K	$7.1M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2105	−0.185%	$355K	$4.7M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2106	−0.142%	$19K	$647K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2110	+0.066%	$182K	$2.6M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2058	−2.428%	$1K	$908K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2108	−0.047%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2110	+0.066%	$266K	$808K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2107	−0.095%	$1.8M	$8.9M	50x	as long as short
Lighter ENA	+0.0104%	1h	0.2112	+0.138%	$5.0M	$13.9M	10x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2108	−0.059%	$1.6M	$4.4M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2109	−0.016%	$74K	$4K	3x	as long as short
Kraken Futures PF_ENAUSD	+0.0149%	1h	0.2109	+0.016%	$2.6M	$4.4M	50x	as long as short
Phoenix ENA	+0.0190%	1h	0.2109	+0.014%	$13K	$273K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0306% / S −0.0754%	1h	0.2108	−0.041%	$58K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2108	−0.066%	$5.5M	$3.4M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2106	−0.135%	$1K	—	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0656%	1h	0.2098	−0.526%	$867K	$1.8M	50x	as long as short
dYdX ENA-USD	+0.0897%	1h	0.2109	+0.020%	$139K	$16K	5x	as long as short