ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0418%/8h= +45.8% APRnext payment +$0.52 per $10,000 · paid last 24h −0.484%

Price spread now: Coinbase International against dYdX+0.158%7-day average +0.174% · you sell dearer than you buy

Net, funding: paid 7d − costs−$194as in the Funding arb table

Net, price: spread back to 7d avg − costs−$139as in the Price arb table

costs, in and out, $10k−$1381.378% of the position

Long on dYdX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.564%−$56 on $10k

Price spread, last 4 days (all we have)−0.018%−$2 · spread now +0.158%, 7d avg +0.174%

Together, before fees−0.582%−$58 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.174%, so right now this pair is about funding alone: +$13 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.564%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ENA-USD	0.2120	0.0198	pay 0.0025% / 1h	29m 26s	$140K	$16K	5x
Short	Coinbase International ENA-PERP-INTX	0.2124	0.0616	get 0.0077% / 1h	29m 26s	$876K	$1.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against dYdX. 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 dYdXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.158%Rate

Funding earned: $87.76
Price spread: +0.158% → +0.174%: −$1.55
Slippage, 4 orders: −$117.79
Fee dYdX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$51.59
Costs to cover: 1.378%
Break-even: 11.1 days

Slippage from dYdX: live order book, 14 min ago; Coinbase International: 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 dYdX live order book, 14 min ago	37.85 bp	45.3 bp −$45	288.8 bp −$2,888	693.7 bp −$69.4K	1505.8 bp −$752.9K
Sell Coinbase International live order book, 4 min ago	9.89 bp	17.9 bp −$18	24.7 bp −$247	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	−0.0122%	4h	0.2120	−0.011%	$44K	$26K	10x	as long as short
01 Exchange ENAUSD	−0.0008%	1h	0.2120	+0.008%	$4K	$277	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2121	+0.041%	$55K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2121	+0.022%	$82K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.144%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2120	−0.016%	$53K	$483K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2121	+0.017%	$47K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2120	+0.008%	$561K	$1.8M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2121	+0.047%	$114.7M	$76.0M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2122	+0.078%	$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	0.2121	+0.035%	$402K	$544K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2121	+0.055%	$128.4M	$429.2M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2119	−0.044%	$89.7M	$186.3M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2120	−0.025%	$21.1M	$108.3M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2122	+0.069%	$33K	$330K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2120	−0.016%	$78K	$281K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2117	−0.134%	$92K	$511	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2121	+0.017%	$12.4M	$26.4M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2121	+0.031%	$37.6M	$42.7M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2122	+0.055%	$24.6M	$15.8M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2117	−0.134%	$48.0M	$60.2M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2121	+0.017%	—	$31.7M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2119	−0.059%	$3.1M	$10.2M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2120	−0.016%	$256K	$7.1M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2121	+0.048%	$350K	$5.1M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2120	−0.016%	$19K	$650K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2120	−0.011%	$186K	$2.6M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2071	−2.336%	$1K	$905K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2121	+0.031%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2123	+0.140%	$266K	$820K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2120	−0.016%	$1.8M	$8.9M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2120	−0.035%	$1.6M	$4.3M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2121	+0.015%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0110%	1h	0.2119	−0.058%	$8K	$276K	10x	as long as short
Lighter ENA	+0.0176%	1h	0.2123	+0.140%	$5.0M	$13.4M	10x	as long as short
dYdX ENA-USDlong	+0.0198%	1h	0.2120	long leg	$140K	$16K	5x
GMX ENA/USD [ETH-USDC]	L +0.0307% / S −0.0753%	1h	0.2121	+0.029%	$58K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2123	+0.107%	$5.6M	$3.2M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2120	−0.004%	$1K	$5K	15x	as long as short
Kraken Futures PF_ENAUSD	+0.0444%	1h	0.2122	+0.073%	$2.6M	$4.4M	50x	as long as short
Coinbase International ENA-PERP-INTXshort	+0.0616%	1h	0.2124	+0.158%	$876K	$1.8M	50x
Backpack ENA_USDC_PERP	+0.0635%	1h	0.2122	+0.088%	$394K	$437K	5x	as long as short