ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.032%

Price spread now: Pacifica against Deribit+0.252%7-day average −0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$5as in the Price arb table

costs, in and out, $10k−$330.334% of the position

Long on Deribit Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.116%+$12 on $10k

Price spread, last 4 days (all we have)−0.508%−$51 · spread now +0.252%, 7d avg −0.036%

Together, before fees−0.391%+ Points / potential airdropPacifica: Active · farm board−$39 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Pacifica is 0.288% dearer against Deribit than usual: you sell high and buy low: +$29 more if the spread goes back to its 7-day average of −0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit ENA_USDC-PERPETUAL	0.2122	0	get 0.0000% / 1h	35m 26s	$73K	$1.1M	50x
Short	Pacifica ENA	0.2127	0.0100	get 0.0013% / 1h	35m 26s	$399K	$525K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Deribit. 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 DeribitbpFee PacificabpOrdersPrice spread, now +0.252%Rate

Funding earned: $21
Price spread: +0.252% → −0.036%: $28.82
Slippage, 4 orders: −$18.39
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $16.43
Costs to cover: 0.334%
Break-even: 1.5 days

Slippage from Deribit: live order book, 3 min ago; Pacifica: live order book, 13 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 Deribit live order book, 3 min ago	2.37 bp	5.9 bp −$6	13.6 bp −$136	doesn't fit	doesn't fit
Sell Pacifica live order book, 13 min ago	1.66 bp	8.0 bp −$8	doesn't fit	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	−0.0143%	4h	0.2121	−0.024%	$44K	$25K	10x	as long as short
01 Exchange ENAUSD	0.0000%	1h	0.2129	+0.330%	$4K	$277	10x	as long as short
Deribit ENA_USDC-PERPETUALlong	0.0000%	1h	0.2122	long leg	$73K	$1.1M	50x
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2127	+0.269%	$82K	—	150x	as long as short
Gate ENA_USDT	+0.0018%	4h	0.2126	+0.217%	$11.2M	$23.6M	50x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.085%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2128	+0.302%	$57K	$466K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2126	+0.229%	$48K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2128	+0.297%	$659K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2130	+0.382%	$115.7M	$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	0.2128	+0.300%	$1.4M	$3.2M	50x	as long as short
Pacifica ENAshort	+0.0100%	1h	0.2127	+0.252%	$399K	$525K	10x
Binance ENAUSDT	+0.0100%	4h	0.2128	+0.300%	$129.0M	$417.7M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2127	+0.250%	$86.0M	$175.1M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2129	+0.330%	$21.3M	$104.9M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2104	−0.825%	$20K	$321K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2127	+0.255%	$79K	$276K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2112	−0.452%	$93K	−$0	10x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2128	+0.302%	$47.0M	$40.9M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2129	+0.344%	$24.8M	$15.5M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2127	+0.255%	$48.3M	$58.0M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2127	+0.273%	—	$31.3M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2122	+0.001%	$3.1M	$10.0M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2116	−0.247%	$243K	$6.9M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2118	−0.170%	$353K	$5.0M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2118	−0.170%	$20K	$649K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2128	+0.321%	$190K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2072	−2.357%	$915	$869K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2121	−0.028%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2129	+0.325%	$268K	$797K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2121	−0.028%	$1.8M	$8.9M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2126	+0.221%	$1.6M	$4.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2120	−0.097%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0153%	1h	0.2121	−0.038%	$8K	$278K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0162%	1h	0.2122	+0.022%	$2.6M	$4.3M	50x	as long as short
Lighter ENA	+0.0200%	1h	0.2129	+0.330%	$5.3M	$13.0M	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0307% / S −0.0358%	1h	0.2127	+0.261%	$71K	—	100x	as long as short
dYdX ENA-USD	+0.0329%	1h	0.2126	+0.185%	$140K	$15K	5x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2120	−0.052%	$5.5M	$3.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2128	+0.293%	$1K	$5K	15x	as long as short
Backpack ENA_USDC_PERP	+0.0593%	1h	0.2123	+0.085%	$360K	$400K	5x	as long as short
Coinbase International ENA-PERP-INTX	+0.0704%	1h	0.2111	−0.481%	$864K	$1.7M	50x	as long as short