ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0009%/8h= +1.0% APRnext payment +$0.01 per $10,000 · paid last 24h 0.000%

Price spread now: Phoenix against Aevo+0.139%54s7-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 Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.096%+$10 on $10k

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Phoenix is 0.139% dearer against Aevo than usual: you sell high and buy low: +$14 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo ENA-PERP	0.2100	0.0104	pay 0.0013% / 1h	25m 21s	$73K	$4K	3x
Short	Phoenix ENA	0.2102	0.0113	get 0.0014% / 1h	25m 21s	$8K	$274K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.139%Rate

Funding earned: $1.98
Price spread: +0.139% → 0.000%: $13.91
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$7.11
Costs to cover: 0.230%
Break-even: 32.1 days

Slippage unknown: Aevo: no order-book sample; Phoenix: live order book, 25 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 Phoenix live order book, 25 min ago	1.89 bp	16.8 bp −$17	51.7 bp −$517	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_PERP	−0.0122%	1h	0.2102	+0.096%	$358K	$402K	5x	as long as short
Orderly PERP_ENA_USDC	−0.0108%	4h	0.2100	+0.001%	$44K	$26K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2100	+0.044%	$73K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2101	+0.088%	$81K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+1.135%	$522	$57K	5.5x	as long as short
01 Exchange ENAUSD	+0.0040%	1h	0.2102	+0.110%	$4K	$277	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2101	+0.068%	$56K	$465K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2101	+0.090%	$47K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2101	+0.080%	$653K	$1.7M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2102	+0.118%	$1.4M	$3.2M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ENA	+0.0100%	1h	0.2102	+0.137%	$400K	$513K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2101	+0.082%	$127.4M	$413.3M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2101	+0.049%	$85.0M	$174.4M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2101	+0.077%	$20.9M	$103.2M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2109	+0.425%	$22K	$334K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2102	+0.115%	$78K	$276K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2098	−0.075%	$92K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2102	+0.091%	$11.2M	$22.4M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2101	+0.087%	$45.5M	$41.0M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2102	+0.115%	$24.8M	$15.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2100	+0.034%	$47.7M	$57.7M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2101	+0.087%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2100	+0.009%	$3.0M	$10.0M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2102	+0.131%	$241K	$6.8M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2107	+0.345%	$349K	$5.0M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2102	+0.115%	$20K	$652K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2102	+0.125%	$191K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2049	−2.414%	$1K	$853K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2100	+0.020%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2105	+0.268%	$272K	$789K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2100	+0.020%	$1.7M	$8.9M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2101	+0.075%	$1.6M	$4.2M	50x	as long as short
Aevo ENA-PERPlong	+0.0104%	1h	0.2100	long leg	$73K	$4K	3x
Phoenix ENAshort	+0.0113%	1h	0.2102	+0.139%	$8K	$274K	10x
Kraken Futures PF_ENAUSD	+0.0174%	1h	0.2102	+0.094%	$2.6M	$4.3M	50x	as long as short
Hyperliquid ENA	+0.0201%	1h	0.2103	+0.168%	$114.3M	$74.1M	10x	as long as short
Lighter ENA	+0.0208%	1h	0.2104	+0.211%	$5.2M	$13.3M	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0305% / S −0.0358%	1h	0.2101	+0.049%	$70K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2103	+0.172%	$5.5M	$3.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2101	+0.063%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0656%	1h	0.2114	+0.711%	$865K	$1.7M	50x	as long as short
dYdX ENA-USD	+0.1082%	1h	0.2101	+0.058%	$139K	$15K	5x	as long as short