ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0312%/8h= −34.1% APRnext payment −$0.39 per $10,000 · paid last 24h −0.093%

Price spread now: Bulk against Reya−1.998%7-day average — · you buy dearer than you sell

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

Long on Reya Short on Bulk

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

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Bulk is 1.998% cheaper against Reya than usual: you would sell low and buy high (−$200 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya ENARUSDPERP	0.2148	0.0412	pay 0.0051% / 1h	26m 59s	$1K	$5K	15x
Short	Bulk ENA-USD	0.2105	0.0100	get 0.0013% / 1h	26m 59s	$92K	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against Reya. 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 ReyabpFee BulkbpOrdersPrice spread, now −1.998%Rate

Funding earned: −$65.48
Price spread: −1.998% → 0.000%: −$199.83
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$278.31
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Bulk: 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 Reya no order-book sample	—	—	—	—	—
Sell Bulk no order-book sample	—	—	—	—	—

Reya and Bulk: 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 41 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	0.2144	−0.186%	$80K	$1.6M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2147	−0.035%	$92K	—	150x	as long as short
dYdX ENA-USD	+0.0016%	1h	0.2141	−0.315%	$141K	$15K	5x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−1.154%	$522	$57K	5.5x	as long as short
Orderly PERP_ENA_USDC	+0.0039%	4h	0.2144	−0.205%	$45K	$28K	10x	as long as short
01 Exchange ENAUSD	+0.0080%	1h	0.2146	−0.112%	$4K	$302	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2147	−0.056%	$56K	$521K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2149	+0.037%	$695K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2142	−0.293%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2143	−0.233%	$419K	$544K	10x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ENAUSDT	+0.0100%	4h	0.2134	−0.647%	$132.1M	$445.2M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2132	−0.745%	$87.6M	$187.3M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2132	−0.735%	$21.0M	$108.8M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2138	−0.489%	$19K	$413K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2144	−0.195%	$117K	$251K	10x	as long as short
Bulk ENA-USDshort	+0.0100%	1h	0.2105	−1.998%	$92K	$4K	10x
Gate ENA_USDT	+0.0100%	4h	0.2134	−0.684%	$11.0M	$21.5M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2134	−0.684%	$45.5M	$44.3M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2137	−0.526%	$24.8M	$16.4M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2131	−0.782%	$48.5M	$61.2M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2133	−0.689%	—	$32.6M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2143	−0.228%	$383K	$394K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2140	−0.395%	$3.8M	$10.2M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2149	+0.040%	$247K	$7.5M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2145	−0.139%	$360K	$4.7M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2144	−0.195%	$32K	$656K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2148	+0.009%	$191K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2092	−2.597%	$1K	$852K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2142	−0.288%	$4K	$10K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2147	−0.074%	$276K	$929K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2142	−0.288%	$1.9M	$9.2M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2142	−0.309%	$48K	$110	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2145	−0.172%	$75K	$4K	3x	as long as short
Phoenix ENA	+0.0188%	1h	0.2147	−0.042%	$8K	$351K	10x	as long as short
Extended ENA-USD	+0.0240%	1h	0.2132	−0.771%	$1.6M	$4.2M	50x	as long as short
Kraken Futures PF_ENAUSD	+0.0249%	1h	0.2144	−0.177%	$2.7M	$4.5M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0252% / S −0.0206%	1h	0.2147	−0.033%	$51K	—	100x	as long as short
Lighter ENA	+0.0392%	1h	0.2145	−0.153%	$5.6M	$13.7M	10x	as long as short
Reya ENARUSDPERPlong	+0.0412%	1h	0.2148	long leg	$1K	$5K	15x
Hyperliquid ENA	+0.0521%	1h	0.2144	−0.181%	$116.1M	$73.3M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0648%	1h	0.2140	−0.372%	$838K	$1.8M	50x	as long as short