ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0316%/8h= +34.6% APRnext payment +$0.39 per $10,000 · paid last 24h +0.094%

Price spread now: Reya against Popdex−0.185%54s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Popdex Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.185% cheaper against Popdex than usual: you would sell low and buy high (spread −0.185% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$19 on $10k: about 47 hours of funding at the current rate (+$9 a day). The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex ENAUSDT	0.2119	0.0096	pay 0.0012% / 1h	33m 33s	$55K	$497K	50x
Short	Reya ENARUSDPERP	0.2115	0.0412	get 0.0051% / 1h	33m 33s	$1K	$5K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.185%Rate

Funding earned: $66.31
Price spread: −0.185% → 0.000%: −$18.52
Slippage, 4 orders: no order book: not counted
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Reya: 3 bp × 2 orders: −$6
Net: $35.39
Costs to cover: 0.124%
Break-even: 3.3 days

Slippage unknown: Popdex: live order book, 30 min ago; Reya: no order-book sample. Net counts fees only.

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, 30 min ago	2.35 bp	12.1 bp −$12	64.8 bp −$648	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0004%	4h	0.2116	−0.156%	$44K	$26K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2117	−0.076%	$79K	$1.3M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2116	−0.123%	$82K	—	150x	as long as short
01 Exchange ENAUSD	+0.0008%	1h	0.2120	+0.033%	$4K	$302	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.208%	$522	$57K	5.5x	as long as short
Popdex ENAUSDTlong	+0.0096%	1h	0.2119	long leg	$55K	$497K	50x
dYdX ENA-USD	+0.0096%	1h	0.2117	−0.105%	$140K	$15K	5x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2117	−0.073%	$684K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2121	+0.085%	$114.0M	$71.4M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2119	−0.012%	$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	0.2119	+0.011%	$414K	$511K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2119	−0.009%	$130.1M	$420.4M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2119	−0.009%	$86.9M	$175.6M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2119	+0.014%	$20.8M	$102.9M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2113	−0.297%	$19K	$360K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2119	0.000%	$78K	$288K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2115	−0.189%	$93K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2119	−0.009%	$11.1M	$21.3M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2119	+0.009%	$45.6M	$41.8M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2120	+0.038%	$24.7M	$15.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2117	−0.085%	$48.2M	$57.8M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2119	−0.005%	—	$32.2M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2118	−0.033%	$375K	$364K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2113	−0.291%	$3.4M	$10.2M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2115	−0.199%	$244K	$7.3M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2117	−0.098%	$353K	$4.8M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2116	−0.142%	$32K	$648K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2116	−0.146%	$184K	$2.3M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2063	−2.662%	$1K	$840K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2117	−0.094%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2119	−0.005%	$277K	$781K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2118	−0.047%	$1.9M	$8.9M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2119	−0.004%	$47K	$110	10x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2118	−0.066%	$1.6M	$4.1M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2116	−0.142%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0150%	1h	0.2107	−0.562%	$8K	$298K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0251% / S −0.0206%	1h	0.2117	−0.108%	$50K	—	100x	as long as short
Kraken Futures PF_ENAUSD	+0.0284%	1h	0.2118	−0.039%	$2.7M	$4.3M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2118	−0.038%	$5.6M	$3.1M	75x	as long as short
Lighter ENA	+0.0392%	1h	0.2121	+0.104%	$5.5M	$13.6M	10x	as long as short
Reya ENARUSDPERPshort	+0.0412%	1h	0.2115	−0.185%	$1K	$5K	15x
Coinbase International ENA-PERP-INTX	+0.0664%	1h	0.2118	−0.033%	$833K	$1.5M	50x	as long as short