ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0180%/8h= +19.7% APRnext payment +$0.22 per $10,000 · paid last 24h +0.007%

Price spread now: Extended against Arcus+0.044%7-day average −0.077% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$330.334% of the position

Long on Arcus Short on Extended

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.034%+$3 on $10k

Price spread, last 4 days (all we have)−0.057%−$6 · spread now +0.044%, 7d avg −0.077%

Together, before fees−0.023%+ Points / potential airdropExtended: Active · farm board−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Extended is 0.120% dearer against Arcus than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.077%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus ENA-USD	0.2128	0.0100	pay 0.0013% / 1h	30m 07s	$105K	$242K	10x
Short	Extended ENA-USD	0.2129	0.0280	get 0.0035% / 1h	30m 07s	$1.6M	$4.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Arcus. 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 ArcusbpFee ExtendedbpOrdersPrice spread, now +0.044%Rate

Funding earned: $37.8
Price spread: +0.044% → −0.077%: $12.05
Slippage, 4 orders: −$23.94
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $16.41
Costs to cover: 0.334%
Break-even: 4.0 days

Slippage from Arcus: live order book, 43 min ago; Extended: 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 Arcus live order book, 43 min ago	7.04 bp	10.0 bp −$10	21.2 bp −$212	doesn't fit	doesn't fit
Sell Extended live order book, 4 min ago	0.71 bp	3.7 bp −$4	10.9 bp −$109	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
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2127	−0.047%	$81K	$1.7M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2126	−0.095%	$97K	—	150x	as long as short
Backpack ENA_USDC_PERP	+0.0026%	1h	0.2133	+0.254%	$380K	$415K	5x	as long as short
dYdX ENA-USD	+0.0026%	1h	0.2127	−0.026%	$141K	$15K	5x	as long as short
Orderly PERP_ENA_USDC	+0.0029%	4h	0.2126	−0.094%	$41K	$23K	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−0.216%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2125	−0.141%	$62K	$520K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2127	−0.066%	$676K	$1.7M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2129	+0.043%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2128	+0.003%	$412K	$552K	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	0.2131	+0.125%	$132.2M	$443.5M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2132	+0.211%	$89.8M	$185.5M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2133	+0.244%	$20.9M	$109.6M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2124	−0.169%	$15K	$400K	5x	as long as short
Arcus ENA-USDlong	+0.0100%	1h	0.2128	long leg	$105K	$242K	10x
Bulk ENA-USD	+0.0100%	1h	0.2117	−0.540%	$89K	−$0	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2132	+0.164%	$10.8M	$20.8M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2132	+0.193%	$46.2M	$44.3M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2132	+0.197%	$24.5M	$16.5M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2132	+0.164%	$48.3M	$61.4M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2132	+0.193%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2123	−0.220%	$3.8M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2113	−0.687%	$246K	$7.5M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2113	−0.716%	$356K	$4.7M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2116	−0.564%	$34K	$687K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2126	−0.080%	$178K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2079	−2.317%	$940	$828K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2130	+0.094%	$4K	$10K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2129	+0.047%	$276K	$1.2M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2130	+0.094%	$1.9M	$9.4M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2129	+0.069%	$48K	$221	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2126	−0.080%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0150%	1h	0.2116	−0.573%	$7K	$347K	10x	as long as short
01 Exchange ENAUSD	+0.0224%	1h	0.2126	−0.099%	$4K	$302	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0234%	1h	0.2131	+0.155%	$2.7M	$5.1M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0250% / S −0.0434%	1h	0.2125	−0.125%	$38K	—	100x	as long as short
Extended ENA-USDshort	+0.0280%	1h	0.2129	+0.044%	$1.6M	$4.3M	50x
BloFin ENA-USDT	+0.0340%	4h	0.2123	−0.235%	$5.6M	$2.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2125	−0.145%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0608%	1h	0.2125	−0.146%	$839K	$1.8M	50x	as long as short
Lighter ENA	+0.0688%	1h	0.2134	+0.277%	$5.7M	$12.6M	10x	as long as short
Hyperliquid ENA	+0.0729%	1h	0.2136	+0.371%	$115.2M	$75.4M	10x	as long as short