ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0056%/8h= +6.1% APRnext payment +$0.07 per $10,000 · paid last 24h +0.099%

Price spread now: Lighter against Extended+0.170%7-day average +0.128% · you sell dearer than you buy

Net, funding: paid 7d − costs+$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$170.168% of the position

Long on Extended Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.412%+$41 on $10k

Price spread, last 7 days−0.080%−$8 · spread now +0.170%, 7d avg +0.128%

Together, before fees+0.332%+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm board+$33 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Lighter is 0.042% dearer against Extended than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.128%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ENA-USD	0.2119	0.0104	pay 0.0013% / 1h	29m 55s	$1.6M	$4.3M	50x
Short	Lighter ENA	0.2123	0.0160	get 0.0020% / 1h	29m 55s	$5.0M	$13.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.170%Rate

Funding earned: $11.76
Price spread: +0.170% → +0.128%: $4.19
Slippage, 4 orders: −$11.84
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Lighter: 0 bp × 2 orders: $0
Net: −$0.89
Costs to cover: 0.168%
Break-even: 7.5 days

Slippage from Extended: live order book, 4 min ago; Lighter: live order book, 9 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	0.47 bp	6.0 bp −$6	15.7 bp −$157	doesn't fit	doesn't fit
Sell Lighter live order book, 9 min ago	0.47 bp	2.2 bp −$2	5.6 bp −$56	105.4 bp −$10.5K	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	+0.043%	$44K	$26K	10x	as long as short
01 Exchange ENAUSD	−0.0008%	1h	0.2120	+0.033%	$4K	$277	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2121	+0.095%	$55K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2121	+0.076%	$82K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.199%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2120	+0.038%	$53K	$483K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2120	+0.023%	$47K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2119	−0.026%	$561K	$1.8M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2122	+0.114%	$114.8M	$76.0M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2121	+0.104%	$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	0.2120	+0.038%	$400K	$539K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2121	+0.083%	$128.4M	$429.4M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2120	+0.024%	$89.7M	$186.3M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2122	+0.118%	$21.2M	$108.4M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2122	+0.123%	$33K	$336K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2120	+0.038%	$78K	$281K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2117	−0.080%	$92K	$511	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2121	+0.071%	$12.4M	$26.4M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2121	+0.085%	$37.6M	$42.7M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2120	+0.052%	$24.6M	$15.8M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2119	−0.004%	$48.0M	$60.3M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2120	+0.052%	—	$31.7M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2119	−0.005%	$3.1M	$10.2M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2120	+0.054%	$256K	$7.1M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2120	+0.023%	$350K	$5.1M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2120	+0.038%	$19K	$650K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2121	+0.095%	$186K	$2.6M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2071	−2.283%	$1K	$905K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2121	+0.085%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2123	+0.194%	$266K	$820K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2120	+0.038%	$1.8M	$8.9M	50x	as long as short
Extended ENA-USDlong	+0.0104%	1h	0.2119	long leg	$1.6M	$4.3M	50x
Aevo ENA-PERP	+0.0104%	1h	0.2121	+0.069%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0110%	1h	0.2119	−0.004%	$8K	$276K	10x	as long as short
Lighter ENAshort	+0.0160%	1h	0.2123	+0.170%	$5.0M	$13.4M	10x
dYdX ENA-USD	+0.0198%	1h	0.2120	+0.054%	$140K	$16K	5x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0307% / S −0.0753%	1h	0.2121	+0.083%	$58K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2123	+0.161%	$5.6M	$3.2M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2120	+0.051%	$1K	$5K	15x	as long as short
Kraken Futures PF_ENAUSD	+0.0444%	1h	0.2122	+0.127%	$2.6M	$4.4M	50x	as long as short
Coinbase International ENA-PERP-INTX	+0.0616%	1h	0.2124	+0.213%	$876K	$1.8M	50x	as long as short
Backpack ENA_USDC_PERP	+0.0635%	1h	0.2122	+0.142%	$394K	$437K	5x	as long as short