ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0076%/8h= +8.3% APRnext payment +$0.10 per $10,000 · paid last 24h +0.105%

Price spread now: Lighter against SoDEX+0.115%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on Lighter

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 airdropLighter: Season 3 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Lighter is 0.115% dearer against SoDEX than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX ENA-USD	0.2175	0.0100	pay 0.0013% / 1h	46m 56s	$4K	$7K	10x
Short	Lighter ENA	0.2177	0.0176	get 0.0022% / 1h	46m 56s	$5.1M	$12.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against SoDEX. 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 SoDEXbpFee LighterbpOrdersPrice spread, now +0.115%Rate

Funding earned: $15.96
Price spread: +0.115% → 0.000%: $11.49
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: $19.45
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: SoDEX: no order-book sample; Lighter: live order book, 7 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 SoDEX no order-book sample	—	—	—	—	—
Sell Lighter live order book, 7 min ago	1.17 bp	2.3 bp −$2	8.7 bp −$87	355.0 bp −$35.5K	doesn't fit

SoDEX: 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	−0.2683%	4h	0.2173	−0.092%	$1.9M	$8.9M	50x	as long as short
Orderly PERP_ENA_USDC	−0.0087%	4h	0.2176	+0.041%	$45K	$17K	10x	as long as short
01 Exchange ENAUSD	−0.0064%	1h	0.2177	+0.092%	$4K	$277	10x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2173	−0.092%	$84K	—	150x	as long as short
Deribit ENA_USDC-PERPETUAL	+0.0026%	1h	0.2177	+0.083%	$77K	$1.1M	50x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−2.372%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2175	0.000%	$53K	$490K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2175	−0.012%	$49K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2174	−0.030%	$595K	$1.8M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2179	+0.193%	$118.8M	$75.7M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ENAUSDT	+0.0100%	4h	0.2175	+0.015%	$1.4M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2178	+0.131%	$420K	$563K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2174	−0.033%	$132.1M	$430.2M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2173	−0.110%	$90.6M	$193.8M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2173	−0.074%	$21.6M	$111.7M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2177	+0.078%	$33K	$326K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2177	+0.092%	$81K	$281K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2157	−0.808%	$94K	$511	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2176	+0.032%	$13.6M	$27.0M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2175	+0.009%	$40.6M	$42.8M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2176	+0.060%	$25.6M	$15.9M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2172	−0.124%	$49.1M	$61.1M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2173	−0.074%	—	$31.4M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2135	−1.821%	$3.1M	$9.8M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2145	−1.387%	$259K	$7.0M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2147	−1.293%	$370K	$4.7M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2146	−1.333%	$19K	$645K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2176	+0.046%	$179K	$2.7M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2125	−2.313%	$1K	$919K	20x	as long as short
SoDEX ENA-USDlong	+0.0100%	1h	0.2175	long leg	$4K	$7K	10x
HTX ENA-USDT	+0.0100%	4h	0.2176	+0.060%	$268K	$825K	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2174	−0.039%	$1.7M	$4.5M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2176	+0.046%	$76K	$4K	3x	as long as short
dYdX ENA-USD	+0.0131%	1h	0.2177	+0.081%	$144K	$16K	5x	as long as short
Phoenix ENA	+0.0150%	1h	0.2138	−1.715%	$13K	$267K	10x	as long as short
Lighter ENAshort	+0.0176%	1h	0.2177	+0.115%	$5.1M	$12.7M	10x
Kraken Futures PF_ENAUSD	+0.0192%	1h	0.2175	+0.006%	$2.7M	$4.4M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0310% / S −0.0754%	1h	0.2176	+0.029%	$60K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2175	−0.023%	$5.7M	$3.5M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2175	−0.011%	$1K	—	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0544%	1h	0.2177	+0.115%	$809K	$2.0M	50x	as long as short
Backpack ENA_USDC_PERP	+0.0657%	1h	0.2180	+0.207%	$424K	$482K	5x	as long as short