ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: Popdex against Arcus−0.047%7-day average −0.044% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$440.444% of the position

Long on Arcus Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.004%$0 on $10k

Price spread, last 4 days (all we have)+0.027%+$3 · spread now −0.047%, 7d avg −0.044%

Together, before fees+0.023%+$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus ENA-USD	0.2109	0.0100	pay 0.0013% / 1h	20m 12s	$78K	$276K	10x
Short	Popdex ENAUSDT	0.2108	0.0096	get 0.0012% / 1h	20m 12s	$56K	$465K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now −0.047%Rate

Funding earned: −$0.84
Price spread: −0.047% → −0.044%: −$0.36
Slippage, 4 orders: −$33.54
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$45.64
Costs to cover: 0.444%
Break-even: never at this rate

Slippage from Arcus: live order book, 33 min ago; Popdex: live order book, 34 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, 33 min ago	4.72 bp	16.7 bp −$17	28.4 bp −$284	doesn't fit	doesn't fit
Sell Popdex live order book, 34 min ago	1.42 bp	10.3 bp −$10	101.8 bp −$1,018	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	−0.0118%	4h	0.2107	−0.071%	$44K	$26K	10x	as long as short
Backpack ENA_USDC_PERP	−0.0109%	1h	0.2105	−0.175%	$359K	$402K	5x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2109	−0.014%	$73K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2108	−0.028%	$82K	—	150x	as long as short
01 Exchange ENAUSD	+0.0024%	1h	0.2109	−0.019%	$4K	$277	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.683%	$522	$57K	5.5x	as long as short
Popdex ENAUSDTshort	+0.0096%	1h	0.2108	−0.047%	$56K	$465K	50x
Paradex ENA-USD-PERP	+0.0100%	8h	0.2109	+0.021%	$47K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2108	−0.064%	$654K	$1.7M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2108	−0.049%	$1.5M	$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	0.2109	+0.005%	$402K	$513K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2107	−0.112%	$127.7M	$413.5M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2105	−0.209%	$85.1M	$174.4M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2109	−0.024%	$21.0M	$103.5M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2102	−0.313%	$22K	$332K	5x	as long as short
Arcus ENA-USDlong	+0.0100%	1h	0.2109	long leg	$78K	$276K	10x
Bulk ENA-USD	+0.0100%	1h	0.2100	−0.429%	$92K	−$0	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2108	−0.057%	$11.2M	$22.4M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2108	−0.066%	$45.7M	$41.0M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2109	−0.009%	$24.9M	$15.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2106	−0.142%	$47.8M	$57.5M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2108	−0.047%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2105	−0.191%	$3.0M	$10.0M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2100	−0.424%	$241K	$6.8M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2102	−0.352%	$348K	$5.0M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2102	−0.332%	$20K	$652K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2108	−0.033%	$189K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2058	−2.423%	$1K	$854K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2107	−0.095%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2111	+0.104%	$273K	$790K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2108	−0.047%	$1.7M	$8.9M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2107	−0.105%	$1.6M	$4.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2109	−0.016%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0113%	1h	0.2102	−0.308%	$8K	$274K	10x	as long as short
Hyperliquid ENA	+0.0166%	1h	0.2109	+0.014%	$114.6M	$74.0M	10x	as long as short
Lighter ENA	+0.0168%	1h	0.2107	−0.095%	$5.2M	$13.3M	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0173%	1h	0.2109	−0.020%	$2.6M	$4.3M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0306% / S −0.0358%	1h	0.2109	−0.017%	$70K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2104	−0.223%	$5.5M	$3.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2108	−0.071%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0656%	1h	0.2109	−0.005%	$863K	$1.7M	50x	as long as short
dYdX ENA-USD	+0.1160%	1h	0.2105	−0.194%	$139K	$15K	5x	as long as short