ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0072%/8h= +7.9% APRnext payment +$0.09 per $10,000 · paid last 24h +0.032%

Price spread now: Phoenix against gTrade (Gains Network)−0.094%63s7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Phoenix

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

Funding pays, the price is against you. Phoenix is 0.094% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.094% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 4.3 days of funding at the current rate (+$2 a day). The two prices were read 63 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	gTrade (Gains Network) ENA/USD	0.2098	L +0.0004% / S −0.0004%	pay 0.0000% / 1h	40m 17s	$81K	—	150x
Short	Phoenix ENA	0.2097	0.0076	get 0.0009% / 1h	40m 17s	$8K	$266K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee PhoenixbpOrdersPrice spread, now −0.094%Rate

Funding earned: $15.14
Price spread: −0.094% → 0.000%: −$9.39
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$11.25
Costs to cover: 0.170%
Break-even: 12.2 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Phoenix: live order book, 15 min ago. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Phoenix live order book, 15 min ago	1.90 bp	16.8 bp −$17	51.7 bp −$517	doesn't fit	doesn't fit

gTrade (Gains Network): 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
Backpack ENA_USDC_PERP	−0.0314%	1h	0.2100	+0.063%	$364K	$390K	5x	as long as short
01 Exchange ENAUSD	−0.0104%	1h	0.2104	+0.254%	$4K	$302	10x	as long as short
Orderly PERP_ENA_USDC	−0.0064%	4h	0.2098	−0.037%	$44K	$25K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2098	−0.003%	$78K	$1.2M	50x	as long as short
gTrade (Gains Network) ENA/USDlong	L +0.0004% / S −0.0004%	1h	0.2098	long leg	$81K	—	150x
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+1.188%	$522	$57K	5.5x	as long as short
Phoenix ENAshort	+0.0076%	1h	0.2097	−0.094%	$8K	$266K	10x
Lighter ENA	+0.0096%	1h	0.2099	+0.020%	$5.2M	$13.4M	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2102	+0.168%	$55K	$501K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2102	+0.166%	$47K	$110	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado ENA-PERP	+0.0100%	1h	0.2101	+0.111%	$662K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2103	+0.206%	$112.0M	$73.1M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2104	+0.269%	$1.5M	$2.9M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2104	+0.261%	$410K	$500K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2099	+0.048%	$128.2M	$415.8M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2098	−0.037%	$85.1M	$175.8M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2099	+0.025%	$20.8M	$102.2M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2093	−0.265%	$20K	$311K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2093	−0.261%	$77K	$275K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2098	−0.032%	$92K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2100	+0.059%	$11.0M	$21.7M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2100	+0.078%	$45.7M	$41.2M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2101	+0.125%	$24.6M	$15.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2097	−0.080%	$47.8M	$57.4M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2099	+0.030%	—	$32.3M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2097	−0.081%	$3.1M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2097	−0.071%	$242K	$6.9M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2095	−0.165%	$347K	$4.9M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2095	−0.165%	$20K	$648K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2102	+0.154%	$178K	$2.3M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2049	−2.381%	$1K	$845K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2097	−0.070%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2105	+0.302%	$272K	$794K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2097	−0.070%	$1.8M	$8.8M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2097	−0.055%	$1.6M	$4.1M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2099	+0.002%	$73K	$4K	3x	as long as short
dYdX ENA-USD	+0.0119%	1h	0.2104	+0.242%	$139K	$15K	5x	as long as short
Kraken Futures PF_ENAUSD	+0.0244%	1h	0.2099	+0.032%	$2.6M	$4.2M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0253% / S −0.0213%	1h	0.2099	+0.016%	$51K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2100	+0.059%	$5.6M	$3.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2100	+0.055%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0632%	1h	0.2106	+0.364%	$858K	$1.5M	50x	as long as short