ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0444%/8h= −48.6% APRnext payment −$0.55 per $10,000 · paid last 24h −0.146%

Price spread now: Arcus against Coinbase International−0.250%7-day average −0.126% · 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−$71as in the Price arb table

costs, in and out, $10k−$580.584% of the position

Long on Coinbase International Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.421%−$42 on $10k

Price spread, last 4 days (all we have)−0.185%−$19 · spread now −0.250%, 7d avg −0.126%

Together, before fees−0.606%−$61 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Arcus is 0.124% cheaper against Coinbase International than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.126%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ENA-PERP-INTX	0.2121	0.0544	pay 0.0068% / 1h	29m 06s	$786K	$2.0M	50x
Short	Arcus ENA-USD	0.2116	0.0100	get 0.0013% / 1h	29m 06s	$77K	$283K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Coinbase International. 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 Coinbase InternationalbpFee ArcusbpOrdersPrice spread, now −0.250%Rate

Funding earned: −$93.24
Price spread: −0.250% → −0.126%: −$12.39
Slippage, 4 orders: −$43.95
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$164.08
Costs to cover: 0.584%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 5 min ago; Arcus: 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 Coinbase International live order book, 5 min ago	9.39 bp	18.2 bp −$18	23.8 bp −$238	doesn't fit	doesn't fit
Sell Arcus live order book, 4 min ago	4.70 bp	7.9 bp −$8	22.8 bp −$228	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
01 Exchange ENAUSD	−0.0112%	1h	0.2115	−0.306%	$4K	$169	10x	as long as short
Orderly PERP_ENA_USDC	−0.0101%	4h	0.2117	−0.212%	$44K	$16K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2119	−0.099%	$75K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2119	−0.099%	$82K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.071%	$734	$57K	5.5x	as long as short
Gate ENA_USDT	+0.0066%	4h	0.2119	−0.099%	$13.2M	$27.7M	50x	as long as short
Lighter ENA	+0.0096%	1h	0.2120	−0.042%	$4.9M	$13.0M	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2115	−0.297%	$54K	$499K	50x	as long as short
Bitget ENAUSDT	+0.0096%	4h	0.2118	−0.151%	$48.0M	$61.2M	75x	as long as short
Paradex ENA-USD-PERP	+0.0099%	8h	0.2116	−0.237%	$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	0.2115	−0.292%	$559K	$1.8M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2122	+0.009%	$115.3M	$76.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2120	−0.070%	$1.4M	$3.4M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2117	−0.188%	$407K	$562K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2119	−0.113%	$128.5M	$431.5M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2119	−0.094%	$88.3M	$194.7M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2121	−0.028%	$20.9M	$108.6M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2114	−0.339%	$28K	$326K	5x	as long as short
Arcus ENA-USDshort	+0.0100%	1h	0.2116	−0.250%	$77K	$283K	10x
Bulk ENA-USD	+0.0100%	1h	0.2140	+0.882%	$93K	$511	10x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2119	−0.104%	$40.2M	$43.4M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2120	−0.066%	$24.9M	$16.0M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2120	−0.061%	—	$6.5M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2121	−0.005%	$410K	$480K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2114	−0.339%	$3.1M	$9.8M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2118	−0.145%	$246K	$7.1M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2116	−0.254%	$356K	$4.8M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2117	−0.203%	$19K	$645K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2117	−0.179%	$174K	$2.6M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2070	−2.428%	$1K	$930K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2118	−0.156%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2119	−0.108%	$264K	$843K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2121	−0.014%	$1.8M	$8.9M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2117	−0.205%	$1.6M	$4.7M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2120	−0.077%	$74K	$4K	3x	as long as short
dYdX ENA-USD	+0.0120%	1h	0.2119	−0.116%	$140K	$16K	5x	as long as short
Phoenix ENA	+0.0150%	1h	0.2118	−0.165%	$13K	$267K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0197%	1h	0.2120	−0.055%	$2.6M	$4.4M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0307% / S −0.0756%	1h	0.2118	−0.166%	$58K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2118	−0.170%	$5.6M	$3.4M	75x	as long as short
Reya ENARUSDPERP	+0.0411%	1h	0.2115	−0.318%	$1K	—	15x	as long as short
Coinbase International ENA-PERP-INTXlong	+0.0544%	1h	0.2121	long leg	$786K	$2.0M	50x