ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.06 per $10,000 · paid last 24h +0.006%

Price spread now: Phoenix against Bulk+0.203%51s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bulk Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Phoenix is 0.203% dearer against Bulk than usual: you sell high and buy low: +$20 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 51 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	Bulk ENA-USD	0.2117	0.0100	pay 0.0013% / 1h	34m 20s	$89K	−$0	10x
Short	Phoenix ENA	0.2121	0.0150	get 0.0019% / 1h	34m 20s	$7K	$347K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Bulk. 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 BulkbpFee PhoenixbpOrdersPrice spread, now +0.203%Rate

Funding earned: $10.56
Price spread: +0.203% → 0.000%: $20.32
Slippage, 4 orders: no order book: not counted
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $16.88
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Bulk: no order-book sample; Phoenix: live order book, 37 min ago. Net counts fees only.

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 Bulk no order-book sample	—	—	—	—	—
Sell Phoenix live order book, 37 min ago	1.88 bp	16.7 bp −$17	51.7 bp −$517	doesn't fit	doesn't fit

Bulk: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0001%	1h	0.2115	−0.071%	$377K	$415K	5x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2115	−0.076%	$81K	$1.7M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2115	−0.089%	$96K	—	150x	as long as short
Orderly PERP_ENA_USDC	+0.0027%	4h	0.2114	−0.099%	$41K	$23K	10x	as long as short
dYdX ENA-USD	+0.0031%	1h	0.2113	−0.158%	$140K	$15K	5x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.326%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2114	−0.118%	$62K	$520K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2113	−0.177%	$673K	$1.7M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2115	−0.090%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2113	−0.148%	$409K	$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	0.2115	−0.061%	$131.2M	$443.9M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2114	−0.104%	$89.0M	$185.6M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2114	−0.094%	$20.7M	$108.7M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2116	−0.043%	$15K	$399K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2115	−0.071%	$105K	$242K	10x	as long as short
Bulk ENA-USDlong	+0.0100%	1h	0.2117	long leg	$89K	−$0	10x
Gate ENA_USDT	+0.0100%	4h	0.2115	−0.080%	$10.8M	$20.8M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2114	−0.094%	$46.1M	$44.3M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2116	−0.033%	$24.3M	$16.5M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2114	−0.132%	$48.0M	$61.5M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2114	−0.094%	—	$32.6M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2115	−0.084%	$3.8M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2117	+0.046%	$247K	$7.5M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2117	+0.024%	$356K	$4.7M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2118	+0.071%	$34K	$686K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2115	−0.090%	$179K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2065	−2.424%	$863	$827K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2115	−0.071%	$4K	$10K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2121	+0.198%	$275K	$1.3M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2115	−0.071%	$1.9M	$9.4M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2112	−0.200%	$47K	$221	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2115	−0.071%	$74K	$4K	3x	as long as short
Phoenix ENAshort	+0.0150%	1h	0.2121	+0.203%	$7K	$347K	10x
01 Exchange ENAUSD	+0.0224%	1h	0.2116	−0.038%	$4K	$302	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0236%	1h	0.2116	−0.023%	$2.7M	$5.1M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0250% / S −0.0434%	1h	0.2114	−0.100%	$38K	—	100x	as long as short
Extended ENA-USD	+0.0280%	1h	0.2114	−0.124%	$1.6M	$4.3M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2114	−0.099%	$5.6M	$2.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2114	−0.112%	$1K	$5K	15x	as long as short
Lighter ENA	+0.0600%	1h	0.2117	+0.038%	$5.6M	$12.6M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0608%	1h	0.2120	+0.156%	$837K	$1.8M	50x	as long as short
Hyperliquid ENA	+0.0705%	1h	0.2118	+0.066%	$114.2M	$75.3M	10x	as long as short