ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0084%/8h= −9.2% APRnext payment −$0.10 per $10,000 · paid last 24h +0.086%

Price spread now: Lighter against Reya+0.120%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 Lighter

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 · Lighter: Season 3 · farm boardneeds both histories

The price spread pays, funding is against you. Lighter is 0.120% dearer against Reya than usual: you sell high and buy low (spread +0.120% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya ENARUSDPERP	0.2109	0.0412	pay 0.0051% / 1h	22m 25s	$1K	$5K	15x
Short	Lighter ENA	0.2111	0.0328	get 0.0041% / 1h	22m 25s	$5.7M	$13.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.120%Rate

Funding earned: −$17.63
Price spread: +0.120% → 0.000%: $12.04
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Lighter: 0 bp × 2 orders: $0
Net: −$11.6
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; Lighter: live order book, 6 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 Lighter live order book, 6 min ago	0.95 bp	3.0 bp −$3	17.8 bp −$178	471.5 bp −$47.1K	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	−0.0263%	1h	0.2110	+0.063%	$363K	$484K	5x	as long as short
Orderly PERP_ENA_USDC	−0.0082%	4h	0.2106	−0.121%	$41K	$23K	10x	as long as short
01 Exchange ENAUSD	−0.0016%	1h	0.2109	+0.007%	$4K	$432	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2110	+0.068%	$93K	$1.9M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2109	+0.004%	$97K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.694%	$522	$57K	5.5x	as long as short
Gate ENA_USDT	+0.0040%	4h	0.2109	−0.012%	$10.5M	$21.7M	50x	as long as short
Phoenix ENA	+0.0076%	1h	0.2110	+0.082%	$5K	$394K	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2109	+0.011%	$60K	$540K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2108	−0.038%	$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	0.2108	−0.027%	$662K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2110	+0.065%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2109	+0.011%	$407K	$595K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2109	−0.012%	$130.0M	$466.6M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2107	−0.088%	$88.0M	$193.7M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2107	−0.084%	$20.4M	$114.4M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2113	+0.191%	$19K	$432K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2110	+0.059%	$83K	$223K	10x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2109	+0.026%	$45.8M	$49.1M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2110	+0.044%	$24.4M	$16.5M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2108	−0.046%	$47.7M	$66.4M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2109	−0.008%	—	$32.1M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2111	+0.117%	$3.6M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2109	−0.007%	$251K	$8.0M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2110	+0.062%	$360K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2110	+0.059%	$33K	$711K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2110	+0.049%	$184K	$3.0M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2056	−2.507%	$1K	$808K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2109	+0.011%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2114	+0.248%	$274K	$1.6M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2108	−0.036%	$1.9M	$9.3M	50x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2100	−0.395%	$89K	$2K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0103%	1h	0.2110	+0.043%	$2.7M	$5.8M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2107	−0.084%	$77K	$11K	3x	as long as short
Extended ENA-USD	+0.0112%	1h	0.2108	−0.038%	$1.6M	$4.2M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0214% / S −0.0162%	1h	0.2108	−0.017%	$50K	—	100x	as long as short
Lighter ENAshort	+0.0328%	1h	0.2111	+0.120%	$5.7M	$13.2M	10x
BloFin ENA-USDT	+0.0340%	4h	0.2108	−0.027%	$5.5M	$8.2M	75x	as long as short
Hyperliquid ENA	+0.0345%	1h	0.2112	+0.144%	$111.4M	$80.6M	10x	as long as short
Reya ENARUSDPERPlong	+0.0412%	1h	0.2109	long leg	$1K	$5K	15x
Coinbase International ENA-PERP-INTX	+0.0536%	1h	0.2113	+0.201%	$807K	$2.2M	50x	as long as short
dYdX ENA-USD	+0.6695%	1h	0.2110	+0.077%	$139K	$15K	5x	as long as short