ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0516%/8h= +56.5% APRnext payment +$0.64 per $10,000 · paid last 24h +0.156%

Price spread now: Lighter against ApeX Omni−0.071%7-day average +0.072% · you buy dearer than you sell

Net, funding: paid 7d − costs−$2as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$460.460% of the position

Long on ApeX Omni Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.438%+$44 on $10k

Price spread, last 3 days (all we have)+0.227%+$23 · spread now −0.071%, 7d avg +0.072%

Together, before fees+0.665%+ Points / potential airdropLighter: Season 3 · farm board+$66 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.143% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.071% now, against its 7-day average of +0.072%). If the spread goes back, that is −$14 on $10k: about 22 hours of funding at the current rate (+$15 a day). At the pace of the last 7 days (+0.438% in total) that is about 2.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ENAUSDT	0.2116	0.0100	pay 0.0013% / 1h	49m 08s	$34K	$713K	50x
Short	Lighter ENA	0.2114	0.0616	get 0.0077% / 1h	49m 08s	$5.6M	$12.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.071%Rate

Funding earned: $108.36
Price spread: −0.071% → +0.072%: −$14.34
Slippage, 4 orders: −$35.95
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: $48.07
Costs to cover: 0.460%
Break-even: 3.9 days

Slippage from ApeX Omni: live order book, 25 min ago; Lighter: live order book, 4 min ago.

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, 25 min ago	9.40 bp	22.0 bp −$22	137.5 bp −$1,375	doesn't fit	doesn't fit
Sell Lighter live order book, 4 min ago	0.71 bp	1.8 bp −$2	6.6 bp −$66	321.0 bp −$32.1K	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
Backpack ENA_USDC_PERP	−0.0115%	1h	0.2113	−0.142%	$376K	$420K	5x	as long as short
Gate ENA_USDT	−0.0006%	4h	0.2111	−0.227%	$10.7M	$20.6M	50x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2112	−0.165%	$94K	$1.7M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2112	−0.204%	$96K	—	150x	as long as short
Orderly PERP_ENA_USDC	+0.0019%	4h	0.2111	−0.222%	$41K	$24K	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.350%	$522	$57K	5.5x	as long as short
dYdX ENA-USD	+0.0076%	1h	0.2111	−0.243%	$139K	$15K	5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2111	−0.236%	$63K	$525K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2113	−0.137%	$669K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2112	−0.206%	$1.5M	$3.3M	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	0.2111	−0.226%	$409K	$555K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2113	−0.149%	$131.1M	$447.8M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2112	−0.170%	$88.8M	$187.7M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2112	−0.184%	$20.6M	$109.5M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2122	+0.293%	$15K	$394K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2112	−0.189%	$84K	$222K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2126	+0.473%	$90K	−$0	10x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2111	−0.217%	$45.9M	$44.0M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2113	−0.142%	$24.3M	$16.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2111	−0.250%	$47.9M	$62.8M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2112	−0.203%	—	$32.6M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2115	−0.037%	$3.9M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2120	+0.192%	$245K	$7.6M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2120	+0.175%	$353K	$4.7M	10x	as long as short
ApeX Omni ENAUSDTlong	+0.0100%	1h	0.2116	long leg	$34K	$713K	50x
Polymarket Perps ENA-USD	+0.0100%	1h	0.2113	−0.137%	$180K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2063	−2.500%	$1K	$828K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2112	−0.189%	$4K	$11K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2114	−0.085%	$274K	$1.4M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2110	−0.299%	$47K	$221	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2112	−0.204%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0150%	1h	0.2114	−0.076%	$7K	$347K	10x	as long as short
01 Exchange ENAUSD	+0.0208%	1h	0.2113	−0.137%	$4K	$302	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0236%	1h	0.2114	−0.107%	$2.7M	$5.1M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0250% / S −0.0434%	1h	0.2111	−0.225%	$38K	—	100x	as long as short
Extended ENA-USD	+0.0256%	1h	0.2111	−0.217%	$1.6M	$4.3M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2114	−0.118%	$5.6M	$4.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2113	−0.157%	$1K	$5K	15x	as long as short
Phemex ENAUSDT	+0.0479%	4h	0.2112	−0.189%	$1.9M	$9.3M	50x	as long as short
Coinbase International ENA-PERP-INTX	+0.0608%	1h	0.2116	+0.019%	$836K	$1.9M	50x	as long as short
Lighter ENAshort	+0.0616%	1h	0.2114	−0.071%	$5.6M	$12.5M	10x
Hyperliquid ENA	+0.0618%	1h	0.2115	−0.032%	$114.1M	$76.3M	10x	as long as short