ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0528%/8h= +57.8% APRnext payment +$0.66 per $10,000 · paid last 24h +0.126%

Price spread now: Coinbase International against Extended+0.496%7-day average +0.204% · you sell dearer than you buy

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$550.551% of the position

Long on Extended Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.416%+$42 on $10k

Price spread, last 3 days (all we have)−0.416%−$42 · spread now +0.496%, 7d avg +0.204%

Together, before fees0.000%+ Points / potential airdropExtended: Active · farm board$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Coinbase International is 0.291% dearer against Extended than usual: you sell high and buy low: +$29 more if the spread goes back to its 7-day average of +0.204%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ENA-USD	0.2121	0.0136	pay 0.0017% / 1h	54m 54s	$1.6M	$4.1M	50x
Short	Coinbase International ENA-PERP-INTX	0.2131	0.0664	get 0.0083% / 1h	54m 54s	$838K	$1.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.496%Rate

Funding earned: $110.88
Price spread: +0.496% → +0.204%: $29.11
Slippage, 4 orders: −$40.12
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $84.87
Costs to cover: 0.551%
Break-even: 1.6 days

Slippage from Extended: live order book, 4 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 Extended live order book, 4 min ago	0.23 bp	7.0 bp −$7	14.1 bp −$141	doesn't fit	doesn't fit
Sell Coinbase International live order book, 4 min ago	10.59 bp	21.7 bp −$22	23.2 bp −$232	doesn't fit	doesn't fit

ENA on 41 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	0.2117	−0.165%	$79K	$1.3M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2118	−0.135%	$87K	—	150x	as long as short
Orderly PERP_ENA_USDC	+0.0026%	4h	0.2116	−0.226%	$44K	$27K	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.123%	$522	$57K	5.5x	as long as short
01 Exchange ENAUSD	+0.0040%	1h	0.2119	−0.075%	$4K	$302	10x	as long as short
dYdX ENA-USD	+0.0073%	1h	0.2119	−0.069%	$140K	$15K	5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2117	−0.179%	$54K	$501K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2118	−0.136%	$684K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2122	+0.066%	$114.1M	$71.7M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2121	−0.004%	$1.5M	$3.3M	50x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ENA	+0.0100%	1h	0.2119	−0.074%	$414K	$519K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2120	−0.056%	$130.4M	$427.5M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2118	−0.122%	$86.7M	$178.2M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2118	−0.127%	$20.9M	$103.9M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2121	−0.009%	$19K	$383K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2119	−0.084%	$78K	$288K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2117	−0.179%	$93K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2120	−0.056%	$11.1M	$21.1M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2121	−0.004%	$45.5M	$41.6M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2122	+0.076%	$24.7M	$15.8M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2120	−0.056%	$48.3M	$58.4M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2119	−0.070%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2128	+0.340%	$3.8M	$9.9M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2115	−0.272%	$247K	$7.4M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2114	−0.312%	$360K	$4.8M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2115	−0.273%	$32K	$646K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2118	−0.132%	$182K	$2.3M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2068	−2.499%	$1K	$841K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2118	−0.132%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2123	+0.099%	$276K	$787K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2118	−0.132%	$1.8M	$8.8M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2118	−0.138%	$47K	$110	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2117	−0.155%	$74K	$4K	3x	as long as short
Extended ENA-USDlong	+0.0136%	1h	0.2121	long leg	$1.6M	$4.1M	50x
Lighter ENA	+0.0152%	1h	0.2122	+0.048%	$5.5M	$13.6M	10x	as long as short
Phoenix ENA	+0.0188%	1h	0.2121	+0.005%	$7K	$298K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0251% / S −0.0206%	1h	0.2118	−0.120%	$50K	—	100x	as long as short
Backpack ENA_USDC_PERP	+0.0266%	1h	0.2120	−0.014%	$381K	$359K	5x	as long as short
Kraken Futures PF_ENAUSD	+0.0284%	1h	0.2119	−0.079%	$2.7M	$4.3M	50x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2117	−0.199%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTXshort	+0.0664%	1h	0.2131	+0.496%	$838K	$1.6M	50x