ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0130%/8h= −14.2% APRnext payment −$0.16 per $10,000 · paid last 24h −0.001%

Price spread now: Phoenix against Extended−0.702%88s7-day average +0.153% · you buy dearer than you sell

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$430.429% of the position

Long on Extended Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.054%+$5 on $10k

Price spread, last 3 days (all we have)+0.933%+$93 · spread now −0.702%, 7d avg +0.153%

Together, before fees+0.987%+ Points / potential airdropExtended: Active · farm board+$99 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Phoenix is 0.855% cheaper against Extended than usual: you would sell low and buy high (−$86 if the spread goes back to its 7-day average of +0.153%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.054%, so the current rate has only just turned against you. The two prices were read 88 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ENA-USD	0.2131	0.0280	pay 0.0035% / 1h	29m 49s	$1.6M	$4.3M	50x
Short	Phoenix ENA	0.2116	0.0150	get 0.0019% / 1h	29m 49s	$7K	$347K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.702%Rate

Funding earned: −$27.24
Price spread: −0.702% → +0.153%: −$85.51
Slippage, 4 orders: −$30.91
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$155.66
Costs to cover: 0.429%
Break-even: never at this rate

Slippage from Extended: live order book, 4 min ago; Phoenix: live order book, 41 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	0.71 bp	5.8 bp −$6	13.1 bp −$131	doesn't fit	doesn't fit
Sell Phoenix live order book, 41 min ago	1.88 bp	16.7 bp −$17	51.7 bp −$517	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	0.2127	−0.176%	$81K	$1.7M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2126	−0.224%	$97K	—	150x	as long as short
Backpack ENA_USDC_PERP	+0.0026%	1h	0.2133	+0.124%	$380K	$415K	5x	as long as short
dYdX ENA-USD	+0.0026%	1h	0.2127	−0.156%	$141K	$15K	5x	as long as short
Orderly PERP_ENA_USDC	+0.0029%	4h	0.2126	−0.223%	$41K	$23K	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−0.345%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2125	−0.270%	$62K	$520K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2127	−0.195%	$676K	$1.7M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2133	+0.091%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2128	−0.126%	$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	0.2133	+0.093%	$132.4M	$443.7M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2133	+0.101%	$89.8M	$185.5M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2133	+0.115%	$20.9M	$109.6M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2124	−0.298%	$15K	$400K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2128	−0.129%	$105K	$242K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2117	−0.669%	$89K	−$0	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2133	+0.087%	$10.8M	$20.8M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2133	+0.105%	$46.2M	$44.3M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2134	+0.138%	$24.5M	$16.5M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2134	+0.134%	$48.4M	$61.4M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2133	+0.110%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2123	−0.349%	$3.8M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2113	−0.815%	$246K	$7.5M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2113	−0.844%	$356K	$4.7M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2116	−0.692%	$34K	$687K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2126	−0.209%	$178K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2079	−2.443%	$940	$828K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2130	−0.035%	$4K	$10K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2129	−0.082%	$276K	$1.2M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2130	−0.035%	$1.9M	$9.4M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2129	−0.060%	$48K	$221	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2126	−0.209%	$74K	$4K	3x	as long as short
Phoenix ENAshort	+0.0150%	1h	0.2116	−0.702%	$7K	$347K	10x
01 Exchange ENAUSD	+0.0224%	1h	0.2126	−0.228%	$4K	$302	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0234%	1h	0.2131	+0.026%	$2.7M	$5.1M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0250% / S −0.0434%	1h	0.2125	−0.254%	$38K	—	100x	as long as short
Extended ENA-USDlong	+0.0280%	1h	0.2131	long leg	$1.6M	$4.3M	50x
BloFin ENA-USDT	+0.0340%	4h	0.2123	−0.364%	$5.6M	$2.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2125	−0.274%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0608%	1h	0.2125	−0.275%	$839K	$1.8M	50x	as long as short
Lighter ENA	+0.0688%	1h	0.2134	+0.148%	$5.7M	$12.6M	10x	as long as short
Hyperliquid ENA	+0.0734%	1h	0.2138	+0.326%	$115.3M	$75.4M	10x	as long as short