ENA

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	RISExENA/USDC	0.2071	−0.0593	get 0.0074% / 1h	19m 15s	$178K	$350K	10x	Long RISExInvite
SHORT	PhoenixENA	0.2083	+0.0076	get 0.0010% / 1h	19m 15s	$17K	$127K	10x	Short Phoenix

Price gap+0.584%

Funding gap+0.0670% /8h

Both sides work: funding pays +$20 a day on $10k, and the gap is 0.452% above its 7d average: +$45 more if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding+$11+0.0670% /8h now · paid +0.115% over the last 7D

Price+$45spread +0.584% now, avg +0.132% → +0.452% if it goes back

Costs−$450.451% of $10k · taker + slippage, in and out

Result+$12+0.12%no pointsWhat the last 7D really paid, hour by hour → backtest

The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.115% in total, about +0.0055%/8h on average.

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.584%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

ENA on 45 exchanges

lowest funding first

Before you open

3 ok · 2 to watch

Watch: Thin at this size5.4 / 17.1 bp
At $10k entering Phoenix costs 17.1 bp, fee and slippage, 3.1× RISEx’s.
Note: Margin at max leverage$1,000 + $1,000
RISEx 10x, Phoenix 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval1h / 1h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: +$20.09Long RISEx: 24 payments, +$17.80; short Phoenix: 24 payments, +$2.29.
OK: Entry gap works for you+0.584% vs +0.132%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Short leg is thinner$17K vs $178K OI
Phoenix sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
OK: No KYC on either legRISEx No · Phoenix No
Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0055%/8h × 21 periods+$11.46

Price spread+0.584% → +0.132% (7d avg)+$45.19

Slippage, 4 orderslive order books−$32.07

Fee RISEx bp × 2 orders−$6.00

Fee Phoenix bp × 2 orders−$7.00

Net · 7 days · $10k+$11.59

Costs to cover0.451%Break-evenfrom the start

Slippage: RISEx: live order book, 5 min ago; Phoenix: live order book, 3 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGRISEx2.405.4 bp−$523.4 bp−$234doesn’t fitdoesn’t fit

SELL · SHORTPhoenix2.4017.1 bp−$1752.2 bp−$522doesn’t fitdoesn’t fit

Closing costs about the same again.

ENA news

posts that mention ENA, from every exchangeSearch all news →

10-23 09:05	Reya	Listing	new market ENARUSDPERP ($ENA) seen by our collector
10-21 12:23	OKX	Other	ZEC (@Zcash) takes the spotlight in X Drops in Europe. Hold ZEC, TAO, LTC, ONDO, LINK, ZRO, LIT, ENA, DOGE or ARB for a share of 200 $ZEC, with 2× on all ZEC trades. Ends Oct 26, 14:00 CEST. @okx on X ↗
10-20 09:08	Bullet	Listing	By popular demand, $ENA perps are now live on Bullet. 24/7. Up to 20x leverage. On @solana - at the speed of light. @Bulletxyz on X ↗
10-20 08:16	Bullet	Listing	new market ENA-USD ($ENA) seen by our collector
10-16 07:56	Pacifica	Listing	$ENA Print is now live on Pacifica. Place Print $ENA orders with up to 10x leverage! Start printing: @pacifica_fi on X ↗
10-13 15:13	OKX	Other	Europe, your next X Drops club is here. near:native, $ZEC, $XRP, $ONDO, $ENA, $SUI, $TAO, $HYPE, $PUMP, $LIT and $ZRO are in, with 38,000 near:native up for grabs. Join the drop. @okx on X ↗

ENA