ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0600%/8h= −65.7% APRnext payment −$0.75 per $10,000 · paid last 24h −0.133%

Price spread now: Extended against Coinbase International−0.817%7-day average −0.204% · you buy dearer than you sell

Net, funding: paid 7d − costs−$109as in the Funding arb table

Net, price: spread back to 7d avg − costs−$126as in the Price arb table

costs, in and out, $10k−$640.642% of the position

Long on Coinbase International Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.447%−$45 on $10k

Price spread, last 4 days (all we have)+0.597%+$60 · spread now −0.817%, 7d avg −0.204%

Together, before fees+0.150%+ Points / potential airdropExtended: Active · farm board+$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and Extended is 0.613% cheaper against Coinbase International than usual: you would sell low and buy high (−$61 if the spread goes back to its 7-day average of −0.204%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ENA-PERP-INTX	0.2123	0.0704	pay 0.0088% / 1h	27m 42s	$869K	$1.7M	50x
Short	Extended ENA-USD	0.2106	0.0104	get 0.0013% / 1h	27m 42s	$1.6M	$4.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.817%Rate

Funding earned: −$126
Price spread: −0.817% → −0.204%: −$61.27
Slippage, 4 orders: −$49.25
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$251.52
Costs to cover: 0.642%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 1 min ago; Extended: live order book, 1 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, 1 min ago	10.41 bp	25.1 bp −$25	35.5 bp −$355	doesn't fit	doesn't fit
Sell Extended live order book, 1 min ago	0.24 bp	5.7 bp −$6	13.7 bp −$137	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
Orderly PERP_ENA_USDC	−0.0142%	4h	0.2109	−0.659%	$44K	$25K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2110	−0.631%	$73K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2109	−0.644%	$82K	—	150x	as long as short
Gate ENA_USDT	+0.0018%	4h	0.2105	−0.829%	$11.1M	$23.7M	50x	as long as short
01 Exchange ENAUSD	+0.0024%	1h	0.2112	−0.528%	$4K	$277	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.014%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2111	−0.570%	$57K	$467K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2112	−0.546%	$47K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2109	−0.656%	$653K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2108	−0.697%	$114.5M	$74.3M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ENAUSDT	+0.0100%	4h	0.2107	−0.746%	$1.4M	$3.2M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2112	−0.528%	$396K	$525K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2106	−0.808%	$127.7M	$417.8M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2106	−0.805%	$85.2M	$175.2M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2107	−0.782%	$21.1M	$103.8M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2117	−0.297%	$20K	$323K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2112	−0.523%	$79K	$276K	10x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2106	−0.805%	$46.6M	$41.1M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2107	−0.758%	$24.6M	$15.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2104	−0.876%	$47.8M	$57.9M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2106	−0.820%	—	$31.0M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2111	−0.569%	$3.0M	$10.0M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2113	−0.469%	$242K	$6.9M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2112	−0.526%	$350K	$5.0M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2114	−0.429%	$20K	$650K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2111	−0.589%	$188K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2059	−3.005%	$1K	$871K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2108	−0.711%	$3K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2117	−0.306%	$267K	$795K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2108	−0.711%	$1.8M	$8.9M	50x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2118	−0.240%	$93K	−$0	10x	as long as short
Extended ENA-USDshort	+0.0104%	1h	0.2106	−0.817%	$1.6M	$4.2M	50x
Aevo ENA-PERP	+0.0104%	1h	0.2110	−0.632%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0153%	1h	0.2115	−0.372%	$8K	$278K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0163%	1h	0.2109	−0.687%	$2.6M	$4.3M	50x	as long as short
Lighter ENA	+0.0200%	1h	0.2107	−0.735%	$5.2M	$13.0M	10x	as long as short
dYdX ENA-USD	+0.0290%	1h	0.2108	−0.724%	$139K	$16K	5x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0307% / S −0.0753%	1h	0.2108	−0.692%	$58K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2115	−0.400%	$5.5M	$3.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2110	−0.623%	$1K	$5K	15x	as long as short
Backpack ENA_USDC_PERP	+0.0585%	1h	0.2108	−0.711%	$357K	$400K	5x	as long as short
Coinbase International ENA-PERP-INTXlong	+0.0704%	1h	0.2123	long leg	$869K	$1.7M	50x