ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.072%

Price spread now: edgeX against BloFin−0.129%101s7-day average −0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$450.445% of the position

Long on BloFin Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.435%−$44 on $10k

Price spread, last 4 days (all we have)−0.836%−$84 · spread now −0.129%, 7d avg −0.049%

Together, before fees−1.272%+ Points / potential airdropedgeX: Active · farm board−$127 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and edgeX is 0.080% cheaper against BloFin than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.049%). Swap the legs. The two prices were read 101 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ENA-USDT	0.2100	0.0340	pay 0.0170% / 4h	39m 25s	$5.6M	$3.0M	75x
Short	edgeX ENAUSDC	0.2097	0.0100	get 0.0050% / 4h	39m 25s	$242K	$6.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against BloFin. 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 BloFinbpFee edgeXbpOrdersPrice spread, now −0.129%Rate

Funding earned: −$50.4
Price spread: −0.129% → −0.049%: −$7.97
Slippage, 4 orders: −$23.51
Fee BloFin: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$102.88
Costs to cover: 0.445%
Break-even: never at this rate

Slippage from BloFin: live order book, 4 min ago; edgeX: live order book, 5 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 BloFin live order book, 4 min ago	1.67 bp	8.1 bp −$8	13.8 bp −$138	65.5 bp −$6,552	doesn't fit
Sell edgeX live order book, 5 min ago	7.15 bp	11.7 bp −$12	13.2 bp −$132	44.5 bp −$4,447	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	−0.0292%	1h	0.2098	−0.095%	$364K	$390K	5x	as long as short
01 Exchange ENAUSD	−0.0104%	1h	0.2093	−0.329%	$4K	$302	10x	as long as short
Orderly PERP_ENA_USDC	−0.0065%	4h	0.2092	−0.386%	$43K	$25K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2098	−0.062%	$78K	$1.2M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2092	−0.344%	$81K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+1.129%	$522	$57K	5.5x	as long as short
Phoenix ENA	+0.0076%	1h	0.2104	+0.205%	$8K	$266K	10x	as long as short
Lighter ENA	+0.0096%	1h	0.2097	−0.114%	$5.2M	$13.4M	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2091	−0.414%	$55K	$503K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2092	−0.353%	$47K	$110	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado ENA-PERP	+0.0100%	1h	0.2092	−0.381%	$659K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2093	−0.338%	$111.3M	$73.1M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2094	−0.273%	$1.5M	$2.9M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2095	−0.208%	$408K	$499K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2093	−0.311%	$127.6M	$415.9M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2092	−0.367%	$84.9M	$175.9M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2093	−0.329%	$20.7M	$101.9M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2102	+0.114%	$20K	$313K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2088	−0.557%	$77K	$275K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2098	−0.091%	$92K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2092	−0.367%	$11.0M	$21.7M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2091	−0.400%	$45.5M	$41.2M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2092	−0.371%	$24.5M	$15.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2090	−0.457%	$47.6M	$57.5M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2093	−0.338%	—	$32.3M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2097	−0.140%	$3.1M	$10.1M	—	as long as short
edgeX ENAUSDCshort	+0.0100%	4h	0.2097	−0.129%	$242K	$6.9M	20x
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2098	−0.081%	$353K	$5.0M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2098	−0.081%	$20K	$646K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2092	−0.367%	$177K	$2.3M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2049	−2.438%	$1K	$845K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2097	−0.129%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2105	+0.243%	$272K	$794K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2097	−0.129%	$1.8M	$8.8M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2092	−0.371%	$1.6M	$4.1M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2099	−0.057%	$73K	$4K	3x	as long as short
dYdX ENA-USD	+0.0113%	1h	0.2094	−0.254%	$138K	$15K	5x	as long as short
Kraken Futures PF_ENAUSD	+0.0244%	1h	0.2099	−0.027%	$2.6M	$4.2M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0253% / S −0.0213%	1h	0.2093	−0.315%	$51K	—	100x	as long as short
BloFin ENA-USDTlong	+0.0340%	4h	0.2100	long leg	$5.6M	$3.0M	75x
Reya ENARUSDPERP	+0.0412%	1h	0.2091	−0.429%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0632%	1h	0.2106	+0.305%	$858K	$1.5M	50x	as long as short