ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0181%/8h= −19.8% APRnext payment −$0.23 per $10,000 · paid last 24h −0.017%

Price spread now: Hyperliquid against Reya+0.144%7-day average — · you sell dearer than you buy

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

Long on Reya Short on Hyperliquid

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 · Hyperliquid: Season 2 · farm boardneeds both histories

The price spread pays, funding is against you. Hyperliquid is 0.144% dearer against Reya than usual: you sell high and buy low (spread +0.144% now, against zero (this spread has no 7-day history yet)): +$14 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 2.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya ENARUSDPERP	0.2101	0.0412	pay 0.0051% / 1h	56m 17s	$1K	$5K	15x
Short	Hyperliquid ENA	0.2104	0.0231	get 0.0029% / 1h	56m 17s	$111.7M	$81.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.144%Rate

Funding earned: −$38.06
Price spread: +0.144% → 0.000%: $14.36
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$38.7
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Hyperliquid: live order book, 8 min ago. 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 Hyperliquid live order book, 8 min ago	0.47 bp	5.7 bp −$6	doesn't fit	doesn't fit	doesn't fit

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
Backpack ENA_USDC_PERP	−0.0570%	1h	0.2107	+0.263%	$363K	$488K	5x	as long as short
Orderly PERP_ENA_USDC	−0.0096%	4h	0.2100	−0.066%	$42K	$22K	10x	as long as short
01 Exchange ENAUSD	−0.0040%	1h	0.2103	+0.091%	$4K	$432	10x	as long as short
Gate ENA_USDT	−0.0030%	4h	0.2101	−0.028%	$10.4M	$21.4M	50x	as long as short
Phoenix ENA	0.0000%	1h	0.2107	+0.267%	$5K	$394K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2100	−0.042%	$93K	$1.9M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2101	−0.025%	$96K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+1.053%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2102	+0.034%	$59K	$547K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2103	+0.085%	$47K	$221	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	0.2103	+0.070%	$655K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2104	+0.129%	$1.5M	$3.5M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2107	+0.265%	$404K	$604K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2100	−0.046%	$130.4M	$473.3M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2099	−0.104%	$88.4M	$195.7M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2100	−0.075%	$20.2M	$116.0M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2106	+0.215%	$19K	$446K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2104	+0.129%	$84K	$222K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2108	+0.300%	$89K	$2K	10x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2102	+0.034%	$45.4M	$48.2M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2103	+0.091%	$24.3M	$16.7M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2100	−0.066%	$47.6M	$67.3M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2099	−0.090%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2112	+0.533%	$3.6M	$10.2M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2108	+0.304%	$253K	$8.0M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2107	+0.270%	$362K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2107	+0.272%	$32K	$713K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2103	+0.096%	$183K	$3.0M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2053	−2.303%	$1K	$808K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2101	−0.013%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2111	+0.448%	$274K	$1.6M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2101	−0.013%	$1.8M	$9.3M	50x	as long as short
Kraken Futures PF_ENAUSD	+0.0104%	1h	0.2103	+0.074%	$2.7M	$5.9M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2101	−0.017%	$1.6M	$4.1M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2101	−0.013%	$77K	$11K	3x	as long as short
Lighter ENA	+0.0136%	1h	0.2104	+0.110%	$5.7M	$13.1M	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0210% / S −0.0158%	1h	0.2101	−0.033%	$50K	—	100x	as long as short
Hyperliquid ENAshort	+0.0231%	1h	0.2104	+0.144%	$111.7M	$81.4M	10x
BloFin ENA-USDT	+0.0340%	4h	0.2106	+0.234%	$5.6M	$8.2M	75x	as long as short
Reya ENARUSDPERPlong	+0.0412%	1h	0.2101	long leg	$1K	$5K	15x
Coinbase International ENA-PERP-INTX	+0.0536%	1h	0.2108	+0.310%	$806K	$2.2M	50x	as long as short
dYdX ENA-USD	+0.5731%	1h	0.2108	+0.338%	$139K	$12K	5x	as long as short