ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0152%/8h= +16.7% APRnext payment +$0.19 per $10,000 · paid last 24h +0.040%

Price spread now: ApeX Omni against Backpack−0.024%7-day average +0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$510.511% of the position

Long on Backpack Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.021%−$2 on $10k

Price spread, last 3 days (all we have)−0.067%−$7 · spread now −0.024%, 7d avg +0.008%

Together, before fees−0.088%−$9 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.032% cheaper against Backpack than usual: you would sell low and buy high (spread −0.024% now, against its 7-day average of +0.008%). If the spread goes back, that is −$3 on $10k: about 17 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack ENA_USDC_PERP	0.2095	−0.0052	get 0.0007% / 1h	18m 24s	$370K	$451K	5x
Short	ApeX Omni ENAUSDT	0.2095	0.0100	get 0.0013% / 1h	18m 24s	$32K	$710K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Backpack. 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 BackpackbpFee ApeX OmnibpOrdersPrice spread, now −0.024%Rate

Funding earned: $31.97
Price spread: −0.024% → +0.008%: −$3.16
Slippage, 4 orders: −$31.07
Fee Backpack: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$22.26
Costs to cover: 0.511%
Break-even: 11.9 days

Slippage from Backpack: live order book, 65 min ago; ApeX Omni: live order book, 65 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 Backpack live order book, 65 min ago	0.24 bp	10.1 bp −$10	47.0 bp −$470	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 65 min ago	7.10 bp	16.7 bp −$17	144.5 bp −$1,445	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
Backpack ENA_USDC_PERPlong	−0.0052%	1h	0.2095	long leg	$370K	$451K	5x
Orderly PERP_ENA_USDC	−0.0051%	4h	0.2094	−0.057%	$40K	$24K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2095	−0.019%	$92K	$1.8M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2094	−0.090%	$101K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+1.331%	$522	$57K	5.5x	as long as short
Kraken Futures PF_ENAUSD	+0.0066%	1h	0.2096	+0.020%	$2.6M	$5.5M	50x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2093	−0.119%	$61K	$531K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2094	−0.063%	$47K	$221	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2095	−0.033%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2095	−0.020%	$405K	$576K	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	0.2094	−0.086%	$129.1M	$455.4M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2092	−0.153%	$87.1M	$190.8M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2094	−0.091%	$20.2M	$111.1M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2095	−0.038%	$15K	$396K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2095	−0.024%	$82K	$220K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2095	−0.039%	$88K	$500	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2095	−0.043%	$10.5M	$21.3M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2094	−0.095%	$46.2M	$47.0M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2094	−0.052%	$23.8M	$16.5M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2092	−0.172%	$47.3M	$64.8M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2093	−0.105%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2094	−0.072%	$3.8M	$10.3M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2096	+0.005%	$249K	$7.8M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2095	0.000%	$353K	$4.6M	10x	as long as short
ApeX Omni ENAUSDTshort	+0.0100%	1h	0.2095	−0.024%	$32K	$710K	50x
Nado ENA-PERP	+0.0100%	1h	0.2094	−0.088%	$659K	$1.8M	10x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2094	−0.081%	$177K	$2.7M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2044	−2.439%	$1K	$816K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2095	−0.024%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2096	+0.019%	$272K	$1.5M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2093	−0.119%	$1.9M	$9.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2095	−0.024%	$77K	$11K	3x	as long as short
Phoenix ENA	+0.0115%	1h	0.2095	−0.043%	$5K	$356K	10x	as long as short
01 Exchange ENAUSD	+0.0128%	1h	0.2094	−0.095%	$4K	$432	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0239% / S −0.0409%	1h	0.2095	−0.019%	$38K	—	100x	as long as short
Extended ENA-USD	+0.0328%	1h	0.2094	−0.093%	$1.6M	$4.1M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2096	+0.019%	$5.5M	$8.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2093	−0.123%	$1K	$5K	15x	as long as short
Lighter ENA	+0.0496%	1h	0.2097	+0.095%	$5.6M	$12.9M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0576%	1h	0.2098	+0.115%	$826K	$2.1M	50x	as long as short
Hyperliquid ENA	+0.0580%	1h	0.2097	+0.050%	$110.7M	$78.9M	10x	as long as short
dYdX ENA-USD	+0.1957%	1h	0.2095	−0.038%	$138K	$15K	5x	as long as short