ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0516%/8h= −56.5% APRpaid last 24h −0.145%

Price spread now: Variational Omni against Coinbase International−1.059%7-day average −0.174% · you buy dearer than you sell

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

Long on Coinbase International Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.407%−$41 on $10k

Price spread, last 4 days (all we have)+0.768%+$77 · spread now −1.059%, 7d avg −0.174%

Together, before fees+0.361%+ Points / potential airdropVariational Omni: Active · farm board+$36 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 Variational Omni is 0.885% cheaper against Coinbase International than usual: you would sell low and buy high (−$89 if the spread goes back to its 7-day average of −0.174%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ENA-PERP-INTX	0.2135	0.0616	pay 0.0077% / 1h	4m 52s	$881K	$1.8M	50x
Short	Variational Omni ENA	0.2113	0.0100	get 0.0050% / 4h	1h 04m	$3.1M	$10.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now −1.059%Rate

Funding earned: −$108.36
Price spread: −1.059% → −0.174%: −$88.53
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$206.89
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 4 min ago; Variational Omni: RFQ quote, 4 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 Coinbase International live order book, 4 min ago	8.03 bp	20.9 bp −$21	23.8 bp −$238	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	7.10 bp	doesn't fit	16.6 bp −$166	49.7 bp −$4,968	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	−0.0099%	4h	0.2107	−1.358%	$44K	$26K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2107	−1.335%	$54K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2107	−1.315%	$81K	—	150x	as long as short
01 Exchange ENAUSD	+0.0008%	1h	0.2109	−1.236%	$4K	$277	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−0.567%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2108	−1.288%	$55K	$481K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2108	−1.265%	$47K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2108	−1.306%	$558K	$1.8M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2103	−1.503%	$113.8M	$75.3M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2103	−1.527%	$1.4M	$3.3M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ENA	+0.0100%	1h	0.2109	−1.230%	$399K	$542K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2102	−1.569%	$127.3M	$426.4M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2100	−1.653%	$90.2M	$187.0M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2102	−1.564%	$21.0M	$106.9M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2111	−1.161%	$33K	$318K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2108	−1.288%	$78K	$281K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2122	−0.636%	$93K	$511	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2102	−1.569%	$12.5M	$26.8M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2102	−1.587%	$38.1M	$43.4M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2103	−1.541%	$24.6M	$15.7M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2100	−1.672%	$47.6M	$59.7M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2101	−1.601%	—	$31.6M	—	as long as short
Variational Omni ENAshort	+0.0100%	4h	0.2113	−1.059%	$3.1M	$10.1M	—
edgeX ENAUSDC	+0.0100%	4h	0.2113	−1.065%	$257K	$7.1M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2111	−1.147%	$351K	$4.9M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2113	−1.054%	$19K	$647K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2108	−1.297%	$182K	$2.6M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2057	−3.667%	$1K	$902K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2105	−1.428%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2113	−1.054%	$265K	$818K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2106	−1.381%	$1.8M	$8.8M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2100	−1.658%	$1.6M	$4.3M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2107	−1.335%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0110%	1h	0.2112	−1.096%	$8K	$276K	10x	as long as short
Lighter ENA	+0.0144%	1h	0.2104	−1.475%	$5.0M	$13.7M	10x	as long as short
Backpack ENA_USDC_PERP	+0.0222%	1h	0.2104	−1.452%	$390K	$437K	5x	as long as short
dYdX ENA-USD	+0.0245%	1h	0.2112	−1.117%	$139K	$16K	5x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0306% / S −0.0753%	1h	0.2108	−1.306%	$58K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2106	−1.395%	$5.6M	$3.3M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2106	−1.362%	$1K	—	15x	as long as short
Kraken Futures PF_ENAUSD	+0.0448%	1h	0.2107	−1.339%	$2.6M	$4.4M	50x	as long as short
Coinbase International ENA-PERP-INTXlong	+0.0616%	1h	0.2135	long leg	$881K	$1.8M	50x