ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0139%/8h= −15.3% APRnext payment −$0.17 per $10,000 · paid last 24h +0.021%

Price spread now: Backpack against 01 Exchange+0.397%7-day average — · you sell dearer than you buy

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

Long on 01 Exchange Short on Backpack

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—needs both histories

The price spread pays, funding is against you. Backpack is 0.397% dearer against 01 Exchange than usual: you sell high and buy low (spread +0.397% now, against zero (this spread has no 7-day history yet)): +$40 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 9.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange ENAUSD	0.2116	0.0144	pay 0.0018% / 1h	0m 49s	$4K	$312	10x
Short	Backpack ENA_USDC_PERP	0.2125	0.0005	get 0.0001% / 1h	0m 49s	$375K	$447K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against 01 Exchange. 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 01 ExchangebpFee BackpackbpOrdersPrice spread, now +0.397%Rate

Funding earned: −$29.25
Price spread: +0.397% → 0.000%: $39.69
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$6.56
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: 01 Exchange: no order-book sample; Backpack: live order book, 18 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Backpack live order book, 18 min ago	0.24 bp	8.9 bp −$9	38.6 bp −$386	doesn't fit	doesn't fit

01 Exchange: 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
Orderly PERP_ENA_USDC	−0.0036%	4h	0.2118	+0.085%	$41K	$24K	10x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2117	+0.035%	$102K	—	150x	as long as short
Backpack ENA_USDC_PERPshort	+0.0005%	1h	0.2125	+0.397%	$375K	$447K	5x
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.340%	$522	$57K	5.5x	as long as short
Kraken Futures PF_ENAUSD	+0.0065%	1h	0.2123	+0.305%	$2.7M	$5.5M	50x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2115	−0.057%	$62K	$530K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2114	−0.093%	$47K	$221	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2117	+0.014%	$665K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2122	+0.289%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2115	−0.057%	$409K	$575K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ENAUSDT	+0.0100%	4h	0.2121	+0.220%	$131.2M	$455.4M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2120	+0.175%	$89.0M	$191.1M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2120	+0.184%	$20.5M	$112.3M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2105	−0.510%	$15K	$398K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2116	−0.009%	$83K	$220K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2099	−0.800%	$89K	$500	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2122	+0.250%	$10.8M	$21.6M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2121	+0.241%	$46.7M	$47.3M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2122	+0.288%	$24.1M	$16.3M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2119	+0.132%	$48.0M	$64.8M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2121	+0.227%	—	$32.7M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2109	−0.323%	$3.8M	$10.3M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2112	−0.206%	$251K	$7.7M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2107	−0.435%	$349K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2111	−0.246%	$32K	$710K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2117	+0.033%	$178K	$2.6M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2063	−2.495%	$1K	$819K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2122	+0.274%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2129	+0.581%	$275K	$1.5M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2119	+0.132%	$2.0M	$9.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2119	+0.152%	$78K	$11K	3x	as long as short
Phoenix ENA	+0.0115%	1h	0.2109	−0.317%	$5K	$356K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	+0.0127%	1h	0.2120	+0.203%	$92K	$1.8M	50x	as long as short
01 Exchange ENAUSDlong	+0.0144%	1h	0.2116	long leg	$4K	$312	10x
GMX ENA/USD [ETH-USDC]	L +0.0250% / S −0.0434%	1h	0.2117	+0.024%	$38K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2117	+0.033%	$5.6M	$8.1M	75x	as long as short
Extended ENA-USD	+0.0352%	1h	0.2121	+0.228%	$1.6M	$4.2M	50x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2116	+0.008%	$1K	$5K	15x	as long as short
Lighter ENA	+0.0560%	1h	0.2124	+0.378%	$5.7M	$12.9M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0576%	1h	0.2121	+0.222%	$837K	$2.2M	50x	as long as short
Hyperliquid ENA	+0.0587%	1h	0.2123	+0.331%	$112.2M	$78.6M	10x	as long as short
dYdX ENA-USD	+0.1978%	1h	0.2113	−0.175%	$140K	$15K	5x	as long as short