ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0316%/8h= −34.5% APRnext payment −$0.39 per $10,000 · paid last 24h −0.095%

Price spread now: Popdex against Reya−0.028%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 Popdex

What this pair did over the last

the charts below follow

Funding, last 4 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 Popdex is 0.028% cheaper against Reya than usual: you would sell low and buy high (−$3 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	0.2147	0.0412	pay 0.0051% / 1h	49m 04s	$1K	—	15x
Short	Popdex ENAUSDT	0.2146	0.0096	get 0.0012% / 1h	49m 04s	$54K	$488K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now −0.028%Rate

Funding earned: −$66.26
Price spread: −0.028% → 0.000%: −$2.83
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$81.49
Costs to cover: 0.124%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Popdex: live order book, 50 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 Popdex live order book, 50 min ago	2.62 bp	10.5 bp −$10	91.4 bp −$914	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
Phemex ENAUSDT	−0.1341%	4h	0.2146	−0.028%	$1.9M	$9.0M	50x	as long as short
Orderly PERP_ENA_USDC	−0.0085%	4h	0.2146	−0.010%	$45K	$17K	10x	as long as short
01 Exchange ENAUSD	−0.0064%	1h	0.2147	+0.018%	$4K	$277	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2148	+0.069%	$76K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2147	−0.005%	$83K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−1.081%	$522	$57K	5.5x	as long as short
Lighter ENA	+0.0096%	1h	0.2149	+0.097%	$5.1M	$12.7M	10x	as long as short
Popdex ENAUSDTshort	+0.0096%	1h	0.2146	−0.028%	$54K	$488K	50x
Paradex ENA-USD-PERP	+0.0100%	8h	0.2146	−0.022%	$48K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2146	−0.014%	$578K	$1.8M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid ENA	+0.0100%	1h	0.2149	+0.088%	$116.7M	$75.2M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2148	+0.065%	$1.4M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2146	−0.028%	$414K	$563K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2147	+0.041%	$130.4M	$426.6M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2147	+0.009%	$89.4M	$192.4M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2147	+0.032%	$21.5M	$109.6M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2133	−0.653%	$33K	$314K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2147	+0.018%	$80K	$281K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2127	−0.936%	$93K	$511	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2147	+0.028%	$13.5M	$26.8M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2147	+0.032%	$39.8M	$42.6M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2148	+0.069%	$25.3M	$15.9M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2145	−0.070%	$48.6M	$60.5M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2147	+0.014%	—	$31.4M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2135	−0.522%	$3.1M	$9.8M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2131	−0.712%	$258K	$7.0M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2132	−0.681%	$363K	$4.7M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2132	−0.681%	$19K	$645K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2147	−0.005%	$176K	$2.7M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2096	−2.344%	$1K	$914K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2147	+0.018%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2153	+0.312%	$270K	$807K	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2147	0.000%	$1.6M	$4.4M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2147	+0.034%	$75K	$4K	3x	as long as short
Phoenix ENA	+0.0150%	1h	0.2138	−0.415%	$13K	$267K	10x	as long as short
dYdX ENA-USD	+0.0158%	1h	0.2145	−0.083%	$142K	$16K	5x	as long as short
Kraken Futures PF_ENAUSD	+0.0194%	1h	0.2146	−0.014%	$2.6M	$4.4M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0308% / S −0.0754%	1h	0.2148	+0.042%	$59K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2147	+0.037%	$5.6M	$3.5M	75x	as long as short
Reya ENARUSDPERPlong	+0.0412%	1h	0.2147	long leg	$1K	—	15x
Backpack ENA_USDC_PERP	+0.0521%	1h	0.2148	+0.083%	$416K	$481K	5x	as long as short
Coinbase International ENA-PERP-INTX	+0.0544%	1h	0.2150	+0.149%	$799K	$2.0M	50x	as long as short