ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0180%/8h= −19.7% APRnext payment −$0.22 per $10,000 · paid last 24h −0.007%

Price spread now: Arcus against Extended+0.007%7-day average +0.077% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

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

Long on Extended Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.034%−$3 on $10k

Price spread, last 4 days (all we have)+0.006%+$1 · spread now +0.007%, 7d avg +0.077%

Together, before fees−0.027%+ Points / potential airdropExtended: Active · farm board−$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Arcus is 0.070% cheaper against Extended than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.077%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ENA-USD	0.2128	0.0280	pay 0.0035% / 1h	30m 29s	$1.6M	$4.3M	50x
Short	Arcus ENA-USD	0.2128	0.0100	get 0.0013% / 1h	30m 29s	$105K	$242K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Extended. 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 ExtendedbpFee ArcusbpOrdersPrice spread, now +0.007%Rate

Funding earned: −$37.8
Price spread: +0.007% → +0.077%: −$7
Slippage, 4 orders: −$23.94
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$78.23
Costs to cover: 0.334%
Break-even: never at this rate

Slippage from Extended: live order book, 3 min ago; Arcus: live order book, 43 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 Extended live order book, 3 min ago	0.71 bp	5.8 bp −$6	13.1 bp −$131	doesn't fit	doesn't fit
Sell Arcus live order book, 43 min ago	7.04 bp	13.9 bp −$14	29.6 bp −$296	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	0.2124	−0.190%	$81K	$1.7M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2124	−0.186%	$97K	—	150x	as long as short
Backpack ENA_USDC_PERP	+0.0015%	1h	0.2125	−0.111%	$378K	$415K	5x	as long as short
dYdX ENA-USD	+0.0026%	1h	0.2127	−0.020%	$141K	$15K	5x	as long as short
Orderly PERP_ENA_USDC	+0.0029%	4h	0.2123	−0.209%	$41K	$23K	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−0.209%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2125	−0.134%	$62K	$520K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2127	−0.059%	$676K	$1.7M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2129	+0.030%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2128	+0.010%	$412K	$552K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ENAUSDT	+0.0100%	4h	0.2126	−0.074%	$131.9M	$443.4M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2126	−0.087%	$89.5M	$185.5M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2126	−0.073%	$20.8M	$109.2M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2124	−0.162%	$15K	$400K	5x	as long as short
Arcus ENA-USDshort	+0.0100%	1h	0.2128	+0.007%	$105K	$242K	10x
Bulk ENA-USD	+0.0100%	1h	0.2117	−0.534%	$89K	−$0	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2128	+0.021%	$10.8M	$20.8M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2128	+0.002%	$46.1M	$44.3M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2129	+0.054%	$24.5M	$16.5M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2125	−0.134%	$48.2M	$61.4M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2128	+0.026%	—	$32.6M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2123	−0.213%	$3.8M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2113	−0.680%	$246K	$7.5M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2113	−0.709%	$356K	$4.7M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2116	−0.557%	$34K	$687K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2126	−0.073%	$178K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2074	−2.540%	$938	$828K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2124	−0.181%	$4K	$10K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2125	−0.129%	$276K	$1.2M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2124	−0.181%	$1.9M	$9.4M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2129	+0.076%	$48K	$221	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2124	−0.196%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0150%	1h	0.2116	−0.566%	$7K	$347K	10x	as long as short
01 Exchange ENAUSD	+0.0224%	1h	0.2126	−0.092%	$4K	$302	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0235%	1h	0.2125	−0.143%	$2.7M	$5.1M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0250% / S −0.0434%	1h	0.2124	−0.198%	$38K	—	100x	as long as short
Extended ENA-USDlong	+0.0280%	1h	0.2128	long leg	$1.6M	$4.3M	50x
BloFin ENA-USDT	+0.0340%	4h	0.2123	−0.228%	$5.6M	$2.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2125	−0.138%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0608%	1h	0.2125	−0.139%	$839K	$1.8M	50x	as long as short
Lighter ENA	+0.0672%	1h	0.2129	+0.045%	$5.6M	$12.6M	10x	as long as short
Hyperliquid ENA	+0.0727%	1h	0.2132	+0.190%	$115.0M	$75.4M	10x	as long as short