ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.1040%/8h= −113.9% APRnext payment −$1.30 per $10,000 · paid last 24h −0.649%

Price spread now: SoDEX against dYdX−0.155%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$31 a day on $10k at the current rate, and SoDEX is 0.155% cheaper against dYdX than usual: you would sell low and buy high (−$15 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ENA-USD	0.2109	0.1140	pay 0.0142% / 1h	17m 43s	$139K	$15K	5x
Short	SoDEX ENA-USD	0.2106	0.0100	get 0.0013% / 1h	17m 43s	$4K	$7K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.155%Rate

Funding earned: −$218.34
Price spread: −0.155% → 0.000%: −$15.46
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$251.8
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: dYdX: live order book, 36 min ago; SoDEX: no order-book sample. 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 dYdX live order book, 36 min ago	50.64 bp	55.6 bp −$56	314.7 bp −$3,147	692.6 bp −$69.3K	1581.0 bp −$790.5K
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0120%	4h	0.2105	−0.178%	$44K	$26K	10x	as long as short
Backpack ENA_USDC_PERP	−0.0094%	1h	0.2109	−0.031%	$359K	$401K	5x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2107	−0.126%	$73K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2106	−0.174%	$82K	—	150x	as long as short
01 Exchange ENAUSD	+0.0024%	1h	0.2103	−0.292%	$4K	$277	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.670%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2102	−0.344%	$56K	$465K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2102	−0.329%	$47K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2103	−0.316%	$653K	$1.7M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2109	+0.008%	$1.5M	$3.2M	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	0.2104	−0.267%	$401K	$513K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2109	+0.009%	$127.8M	$413.2M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2109	−0.003%	$85.3M	$174.4M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2109	+0.002%	$21.0M	$103.5M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2104	−0.268%	$22K	$332K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2103	−0.297%	$78K	$276K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2100	−0.441%	$92K	−$0	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2109	+0.002%	$11.3M	$22.4M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2110	+0.049%	$45.7M	$41.0M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2110	+0.054%	$24.9M	$15.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2109	−0.003%	$47.9M	$57.5M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2110	+0.026%	—	$31.8M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2105	−0.203%	$3.0M	$10.0M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2103	−0.296%	$242K	$6.8M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2106	−0.170%	$349K	$5.0M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2106	−0.155%	$20K	$653K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2105	−0.188%	$189K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2052	−2.710%	$988	$854K	20x	as long as short
SoDEX ENA-USDshort	+0.0100%	1h	0.2106	−0.155%	$4K	$7K	10x
HTX ENA-USDT	+0.0100%	4h	0.2108	−0.060%	$273K	$789K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2107	−0.107%	$1.7M	$8.9M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2108	−0.052%	$1.6M	$4.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2106	−0.170%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0113%	1h	0.2104	−0.235%	$8K	$274K	10x	as long as short
Hyperliquid ENA	+0.0152%	1h	0.2112	+0.144%	$114.8M	$74.1M	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0173%	1h	0.2107	−0.116%	$2.6M	$4.3M	50x	as long as short
Lighter ENA	+0.0200%	1h	0.2111	+0.101%	$5.2M	$13.3M	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0306% / S −0.0358%	1h	0.2106	−0.153%	$70K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2104	−0.264%	$5.5M	$3.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2105	−0.218%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0656%	1h	0.2109	−0.017%	$863K	$1.7M	50x	as long as short
dYdX ENA-USDlong	+0.1140%	1h	0.2109	long leg	$139K	$15K	5x