ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: Nado against Popdex−0.054%7-day average +0.039% · 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−$46as in the Price arb table

costs, in and out, $10k−$370.372% of the position

Long on Popdex Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.025%+$2 on $10k

Price spread, last 4 days (all we have)+0.565%+$56 · spread now −0.054%, 7d avg +0.039%

Together, before fees+0.589%+ Points / potential airdropNado: Active · farm board+$59 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: Nado is 0.093% 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 +0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex ENAUSDT	0.2125	0.0096	pay 0.0012% / 1h	55m 50s	$53K	$486K	50x
Short	Nado ENA-PERP	0.2124	0.0100	get 0.0012% / 1h	55m 50s	$570K	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.054%Rate

Funding earned: $0.84
Price spread: −0.054% → +0.039%: −$9.31
Slippage, 4 orders: −$23.76
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$45.63
Costs to cover: 0.372%
Break-even: 387.3 days

Slippage from Popdex: live order book, 43 min ago; Nado: live order book, 3 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, 43 min ago	2.62 bp	10.5 bp −$10	82.6 bp −$826	doesn't fit	doesn't fit
Sell Nado live order book, 3 min ago	1.18 bp	8.5 bp −$9	21.6 bp −$216	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
Phemex ENAUSDT	−0.2111%	4h	0.2125	0.000%	$1.9M	$9.0M	50x	as long as short
GRVT ENA_USDT_Perp	−0.0452%	4h	0.2123	−0.087%	$359K	$4.7M	10x	as long as short
Orderly PERP_ENA_USDC	−0.0081%	4h	0.2123	−0.099%	$44K	$17K	10x	as long as short
01 Exchange ENAUSD	−0.0072%	1h	0.2127	+0.075%	$4K	$277	10x	as long as short
dYdX ENA-USD	0.0000%	1h	0.2127	+0.103%	$141K	$16K	5x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2124	−0.033%	$76K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2124	−0.058%	$82K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−0.075%	$522	$57K	5.5x	as long as short
Popdex ENAUSDTlong	+0.0096%	1h	0.2125	long leg	$53K	$486K	50x
Nado ENA-PERPshort	+0.0100%	1h	0.2124	−0.054%	$570K	$1.8M	10x

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid ENA	+0.0100%	1h	0.2119	−0.273%	$115.0M	$75.1M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2120	−0.220%	$1.4M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2129	+0.169%	$410K	$564K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2118	−0.311%	$128.7M	$426.6M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2118	−0.334%	$88.4M	$192.0M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2118	−0.311%	$21.2M	$108.0M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2131	+0.278%	$33K	$313K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2127	+0.094%	$79K	$281K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2127	+0.071%	$93K	$511	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2118	−0.334%	$13.3M	$26.7M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2117	−0.400%	$39.3M	$42.5M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2119	−0.268%	$24.9M	$15.9M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2116	−0.419%	$48.0M	$60.4M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2118	−0.348%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2123	−0.104%	$3.1M	$9.8M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2126	+0.067%	$257K	$7.0M	20x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2125	0.000%	$19K	$646K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2125	+0.019%	$175K	$2.7M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2076	−2.301%	$1K	$913K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2123	−0.094%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2129	+0.184%	$267K	$807K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2126	+0.066%	$48K	$110	10x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2115	−0.452%	$1.6M	$4.4M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2124	−0.054%	$74K	$4K	3x	as long as short
Lighter ENA	+0.0112%	1h	0.2125	+0.019%	$5.0M	$12.5M	10x	as long as short
Phoenix ENA	+0.0190%	1h	0.2134	+0.419%	$13K	$267K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0196%	1h	0.2124	−0.031%	$2.6M	$4.4M	50x	as long as short
Backpack ENA_USDC_PERP	+0.0292%	1h	0.2124	−0.071%	$411K	$477K	5x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0307% / S −0.0754%	1h	0.2124	−0.046%	$58K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2134	+0.400%	$4.8M	$3.4M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2124	−0.065%	$1K	—	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0544%	1h	0.2138	+0.598%	$803K	$2.0M	50x	as long as short