ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0396%/8h= −43.4% APRnext payment −$0.50 per $10,000 · paid last 24h −0.146%

Price spread now: Bulk against Coinbase International−0.350%7-day average −0.101% · 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−$77as in the Price arb table

costs, in and out, $10k−$520.520% of the position

Long on Coinbase International Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.426%−$43 on $10k

Price spread, last 4 days (all we have)−0.093%−$9 · spread now −0.350%, 7d avg −0.101%

Together, before fees−0.518%−$52 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Bulk is 0.249% cheaper against Coinbase International than usual: you would sell low and buy high (−$25 if the spread goes back to its 7-day average of −0.101%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ENA-PERP-INTX	0.2116	0.0496	pay 0.0062% / 1h	18m 08s	$770K	$2.0M	50x
Short	Bulk ENA-USD	0.2109	0.0100	get 0.0013% / 1h	18m 08s	$103K	$12K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now −0.350%Rate

Funding earned: −$83.16
Price spread: −0.350% → −0.101%: −$24.91
Slippage, 4 orders: −$35.04
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$160.11
Costs to cover: 0.520%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 4 min ago; Bulk: live order book, 33 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, 4 min ago	5.44 bp	24.5 bp −$24	28.5 bp −$285	doesn't fit	doesn't fit
Sell Bulk live order book, 33 min ago	2.38 bp	5.9 bp −$6	9.5 bp −$95	20.0 bp −$2,000	67.6 bp −$33.8K

ENA on 42 exchanges

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
Kraken Futures PF_ENAUSD	−0.0242%	1h	0.2120	+0.161%	$2.6M	$4.2M	50x	as long as short
Orderly PERP_ENA_USDC	−0.0171%	4h	0.2118	+0.071%	$44K	$14K	10x	as long as short
01 Exchange ENAUSD	−0.0152%	1h	0.2118	+0.057%	$4K	$169	10x	as long as short
Bitget ENAUSDT	−0.0028%	4h	0.2116	0.000%	$47.7M	$58.5M	75x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2114	−0.113%	$81K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0026%	1h	0.2122	+0.260%	$734	$57K	5.5x	as long as short
Deribit ENA_USDC-PERPETUAL	+0.0033%	1h	0.2119	+0.132%	$105K	$1.1M	50x	as long as short
Bybit ENAUSDT	+0.0093%	4h	0.2115	−0.043%	$86.4M	$187.9M	50x	as long as short
Lighter ENA	+0.0096%	1h	0.2119	+0.118%	$5.0M	$13.0M	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2119	+0.123%	$57K	$391K	50x	as long as short

Show all 42 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex ENA-USD-PERP	+0.0100%	8h	0.2115	−0.066%	$47K	—	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2117	+0.043%	$592K	$1.8M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2117	+0.024%	$113.8M	$78.1M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2116	−0.003%	$1.3M	$3.2M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2114	−0.111%	$390K	$540K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2116	−0.030%	$127.6M	$415.7M	75x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2117	+0.014%	$21.0M	$103.8M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2114	−0.132%	$33K	$326K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2117	+0.028%	$79K	$239K	10x	as long as short
Bulk ENA-USDshort	+0.0100%	1h	0.2109	−0.350%	$103K	$12K	10x
Gate ENA_USDT	+0.0100%	4h	0.2116	0.000%	$13.7M	$27.6M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2117	+0.009%	$42.3M	$43.2M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2119	+0.142%	$25.1M	$15.8M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2116	−0.014%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2108	−0.382%	$3.0M	$8.3M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2112	−0.225%	$245K	$7.0M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2109	−0.350%	$362K	$4.5M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2111	−0.255%	$19K	$644K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2119	+0.132%	$167K	$2.7M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2063	−2.537%	$1K	$924K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2119	+0.123%	$6K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2122	+0.288%	$265K	$827K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2116	−0.019%	$1.9M	$9.0M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2119	+0.107%	$1.6M	$4.8M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2119	+0.103%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0112%	1h	0.2113	−0.180%	$13K	$306K	10x	as long as short
dYdX ENA-USD	+0.0142%	1h	0.2119	+0.119%	$140K	$15K	5x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0306% / S −0.0756%	1h	0.2114	−0.090%	$58K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2113	−0.142%	$5.5M	$3.3M	75x	as long as short
Reya ENARUSDPERP	+0.0411%	1h	0.2117	+0.017%	$1K	—	15x	as long as short
Coinbase International ENA-PERP-INTXlong	+0.0496%	1h	0.2116	long leg	$770K	$2.0M	50x
Backpack ENA_USDC_PERP	+0.0526%	1h	0.2118	+0.061%	$411K	$482K	5x	as long as short