ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.032%

Price spread now: Deribit against ApeX Omni−0.062%7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$480.484% of the position

Long on ApeX Omni Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.160%−$16 on $10k

Price spread, last 3 days (all we have)+0.599%+$60 · spread now −0.062%, 7d avg 0.000%

Together, before fees+0.439%+$44 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.062% cheaper against ApeX Omni than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of 0.000%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ENAUSDT	0.2091	0.0100	pay 0.0013% / 1h	48m 42s	$32K	$712K	50x
Short	Deribit ENA_USDC-PERPETUAL	0.2090	0	get 0.0000% / 1h	48m 42s	$92K	$1.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against ApeX Omni. 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 ApeX OmnibpFee DeribitbpOrdersPrice spread, now −0.062%Rate

Funding earned: −$21
Price spread: −0.062% → 0.000%: −$6.18
Slippage, 4 orders: −$31.35
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$75.53
Costs to cover: 0.484%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 35 min ago; Deribit: live order book, just now.

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 ApeX Omni live order book, 35 min ago	7.10 bp	16.0 bp −$16	136.9 bp −$1,369	doesn't fit	doesn't fit
Sell Deribit live order book, just now	4.30 bp	7.8 bp −$8	15.2 bp −$152	doesn't fit	doesn't fit

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	−0.0076%	4h	0.2089	−0.115%	$40K	$24K	10x	as long as short
Backpack ENA_USDC_PERP	−0.0074%	1h	0.2090	−0.029%	$361K	$484K	5x	as long as short
Deribit ENA_USDC-PERPETUALshort	0.0000%	1h	0.2090	−0.062%	$92K	$1.8M	50x
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2089	−0.081%	$96K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+1.549%	$522	$57K	5.5x	as long as short
Kraken Futures PF_ENAUSD	+0.0066%	1h	0.2089	−0.073%	$2.6M	$5.6M	50x	as long as short
01 Exchange ENAUSD	+0.0080%	1h	0.2089	−0.091%	$4K	$432	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2088	−0.143%	$59K	$538K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2089	−0.115%	$47K	$221	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2089	−0.117%	$655K	$1.8M	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	0.2090	−0.039%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2091	+0.004%	$404K	$582K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2091	−0.011%	$128.7M	$462.4M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2089	−0.077%	$86.9M	$192.7M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2091	−0.014%	$20.2M	$112.7M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2089	−0.072%	$20K	$412K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2089	−0.096%	$82K	$223K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2090	−0.044%	$88K	$1K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2090	−0.053%	$10.4M	$21.1M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2091	−0.005%	$45.0M	$46.6M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2092	+0.024%	$23.9M	$16.7M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2089	−0.072%	$47.3M	$65.4M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2090	−0.033%	—	$33.0M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2088	−0.121%	$3.8M	$10.4M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2090	−0.060%	$248K	$7.8M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2089	−0.096%	$353K	$4.6M	10x	as long as short
ApeX Omni ENAUSDTlong	+0.0100%	1h	0.2091	long leg	$32K	$712K	50x
Polymarket Perps ENA-USD	+0.0100%	1h	0.2090	−0.038%	$188K	$2.8M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2039	−2.492%	$961	$813K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2089	−0.096%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2099	+0.378%	$271K	$1.5M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2088	−0.143%	$1.9M	$9.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2089	−0.072%	$77K	$11K	3x	as long as short
Phoenix ENA	+0.0115%	1h	0.2092	+0.048%	$5K	$356K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0220% / S −0.0363%	1h	0.2089	−0.115%	$38K	—	100x	as long as short
Extended ENA-USD	+0.0232%	1h	0.2090	−0.058%	$1.6M	$4.2M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2089	−0.100%	$5.5M	$8.1M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2089	−0.105%	$1K	$5K	15x	as long as short
Lighter ENA	+0.0432%	1h	0.2093	+0.115%	$5.6M	$12.9M	10x	as long as short
Hyperliquid ENA	+0.0527%	1h	0.2093	+0.119%	$110.2M	$79.7M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0576%	1h	0.2094	+0.158%	$801K	$2.1M	50x	as long as short
dYdX ENA-USD	+0.1845%	1h	0.2091	−0.016%	$138K	$15K	5x	as long as short