ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0367%/8h= −40.1% APRnext payment −$0.46 per $10,000 · paid last 24h −0.038%

Price spread now: Backpack against Aevo+0.009%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.014%+$1 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$11 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.014% in total (about 0.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.46 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo ENA-PERP	0.2107	0.0104	pay 0.0013% / 1h	22m 05s	$77K	$11K	3x
Short	Backpack ENA_USDC_PERP	0.2107	−0.0263	pay 0.0033% / 1h	22m 05s	$363K	$484K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Aevo. 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 AevobpFee BackpackbpOrdersPrice spread, now +0.009%Rate

Funding earned: −$76.98
Price spread: +0.009% → 0.000%: $0.95
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$102.03
Costs to cover: 0.260%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Backpack: live order book, 2 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 Aevo no order-book sample	—	—	—	—	—
Sell Backpack live order book, 2 min ago	0.24 bp	8.2 bp −$8	40.9 bp −$409	doesn't fit	doesn't fit

Aevo: 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_PERPshort	−0.0263%	1h	0.2107	+0.009%	$363K	$484K	5x
Orderly PERP_ENA_USDC	−0.0082%	4h	0.2106	−0.038%	$41K	$23K	10x	as long as short
01 Exchange ENAUSD	−0.0016%	1h	0.2109	+0.090%	$4K	$432	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2107	+0.024%	$93K	$1.9M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2109	+0.087%	$97K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.778%	$522	$57K	5.5x	as long as short
Gate ENA_USDT	+0.0040%	4h	0.2106	−0.038%	$10.5M	$21.7M	50x	as long as short
Phoenix ENA	+0.0076%	1h	0.2110	+0.166%	$5K	$394K	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2109	+0.095%	$60K	$540K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2108	+0.045%	$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	+0.057%	$662K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2108	+0.053%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2109	+0.094%	$407K	$595K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2106	−0.052%	$129.9M	$466.6M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2106	−0.038%	$88.0M	$193.7M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2106	−0.047%	$20.3M	$114.4M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2113	+0.275%	$19K	$432K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2110	+0.142%	$83K	$223K	10x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2107	0.000%	$45.8M	$49.1M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2108	+0.047%	$24.4M	$16.5M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2106	−0.047%	$47.7M	$66.4M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2106	−0.038%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2111	+0.201%	$3.6M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2109	+0.077%	$251K	$8.0M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2110	+0.146%	$360K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2110	+0.142%	$33K	$711K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2110	+0.133%	$184K	$3.0M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2056	−2.411%	$1K	$808K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2106	−0.047%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2112	+0.233%	$274K	$1.6M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2106	−0.047%	$1.9M	$9.3M	50x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2100	−0.312%	$89K	$2K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0104%	1h	0.2107	+0.019%	$2.7M	$5.8M	50x	as long as short
Aevo ENA-PERPlong	+0.0104%	1h	0.2107	long leg	$77K	$11K	3x
Extended ENA-USD	+0.0112%	1h	0.2106	−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	+0.067%	$50K	—	100x	as long as short
Lighter ENA	+0.0328%	1h	0.2109	+0.109%	$5.7M	$13.2M	10x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2108	+0.057%	$5.5M	$8.2M	75x	as long as short
Hyperliquid ENA	+0.0344%	1h	0.2109	+0.104%	$111.3M	$80.6M	10x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2109	+0.084%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0536%	1h	0.2113	+0.285%	$807K	$2.2M	50x	as long as short
dYdX ENA-USD	+0.6695%	1h	0.2110	+0.161%	$139K	$15K	5x	as long as short