ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0508%/8h= −55.6% APRnext payment −$0.64 per $10,000 · paid last 24h −0.135%

Price spread now: Nado against Coinbase International−0.469%45s7-day average −0.156% · 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—prices read too far apart to compare

costs, in and out, $10k−$600.602% of the position

Long on Coinbase International Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.336%−$34 on $10k

Price spread, last 3 days (all we have)+0.307%+$31 · spread now −0.469%, 7d avg −0.156%

Together, before fees−0.030%+ Points / potential airdropNado: Active · farm board−$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Nado is 0.313% cheaper against Coinbase International than usual: you would sell low and buy high (−$31 if the spread goes back to its 7-day average of −0.156%). Swap the legs. The two prices were read 45 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	Coinbase International ENA-PERP-INTX	0.2162	0.0608	pay 0.0076% / 1h	4m 23s	$855K	$1.8M	50x
Short	Nado ENA-PERP	0.2152	0.0100	get 0.0012% / 1h	4m 23s	$722K	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.469%Rate

Funding earned: −$106.68
Price spread: −0.469% → −0.156%: −$31.31
Slippage, 4 orders: −$43.18
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$198.17
Costs to cover: 0.602%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 4 min ago; Nado: 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, 4 min ago	12.21 bp	18.3 bp −$18	25.5 bp −$255	doesn't fit	doesn't fit
Sell Nado live order book, 4 min ago	0.92 bp	8.3 bp −$8	21.3 bp −$213	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
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2148	−0.652%	$80K	$1.6M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0004%	1h	0.2151	−0.529%	$92K	—	150x	as long as short
Orderly PERP_ENA_USDC	+0.0032%	4h	0.2148	−0.661%	$42K	$23K	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−1.785%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2153	−0.416%	$53K	$524K	50x	as long as short
Nado ENA-PERPshort	+0.0100%	1h	0.2152	−0.469%	$722K	$1.8M	10x
Aster ENAUSDT	+0.0100%	4h	0.2153	−0.401%	$1.6M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2155	−0.335%	$424K	$550K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2151	−0.497%	$134.5M	$441.2M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2149	−0.597%	$88.2M	$186.0M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2148	−0.648%	$21.2M	$110.0M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2160	−0.102%	$16K	$414K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2154	−0.370%	$107K	$242K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2167	+0.231%	$95K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2151	−0.523%	$10.9M	$21.7M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2152	−0.472%	$45.6M	$45.3M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2152	−0.458%	$24.8M	$16.4M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2151	−0.527%	$48.8M	$61.1M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2150	−0.550%	—	$6.5M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2148	−0.629%	$380K	$374K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2153	−0.428%	$3.9M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2166	+0.194%	$252K	$7.5M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2169	+0.344%	$361K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2169	+0.324%	$33K	$686K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2152	−0.449%	$179K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2095	−3.090%	$945	$834K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2147	−0.694%	$4K	$10K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2152	−0.458%	$279K	$1.1M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2146	−0.740%	$1.9M	$9.4M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2155	−0.322%	$48K	$110	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2147	−0.677%	$75K	$4K	3x	as long as short
Phoenix ENA	+0.0150%	1h	0.2157	−0.236%	$8K	$347K	10x	as long as short
01 Exchange ENAUSD	+0.0168%	1h	0.2154	−0.384%	$4K	$302	10x	as long as short
dYdX ENA-USD	+0.0217%	1h	0.2154	−0.364%	$142K	$15K	5x	as long as short
Kraken Futures PF_ENAUSD	+0.0232%	1h	0.2148	−0.626%	$2.7M	$5.1M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0333% / S −0.0430%	1h	0.2151	−0.531%	$81K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2149	−0.583%	$5.7M	$2.0M	75x	as long as short
Extended ENA-USD	+0.0368%	1h	0.2152	−0.449%	$1.6M	$4.3M	50x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2150	−0.537%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTXlong	+0.0608%	1h	0.2162	long leg	$855K	$1.8M	50x
Hyperliquid ENA	+0.0761%	1h	0.2154	−0.384%	$116.2M	$74.5M	10x	as long as short
Lighter ENA	+0.0776%	1h	0.2158	−0.176%	$5.9M	$13.2M	10x	as long as short