ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0481%/8h= −52.7% APRnext payment −$0.60 per $10,000 · paid last 24h +0.587%

Price spread now: dYdX against Hyperliquid−0.107%7-day average −0.113% · you buy dearer than you sell

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$113as in the Price arb table

costs, in and out, $10k−$1141.137% of the position

Long on Hyperliquid Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.801%+$80 on $10k

Price spread, last 4 days (all we have)+0.015%+$2 · spread now −0.107%, 7d avg −0.113%

Together, before fees+0.816%+ Points / potential airdropHyperliquid: Season 2 · farm board+$82 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.113%, so right now this pair is about funding alone: −$14 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.801%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ENA	0.2134	0.0494	pay 0.0062% / 1h	20m 42s	$115.3M	$72.5M	10x
Short	dYdX ENA-USD	0.2132	0.0013	get 0.0002% / 1h	20m 42s	$141K	$15K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Hyperliquid. 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 HyperliquidbpFee dYdXbpOrdersPrice spread, now −0.107%Rate

Funding earned: −$101.1
Price spread: −0.107% → −0.113%: $0.6
Slippage, 4 orders: −$94.7
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$214.2
Costs to cover: 1.137%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 3 min ago; dYdX: live order book, 48 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 Hyperliquid live order book, 3 min ago	1.41 bp	10.5 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell dYdX live order book, 48 min ago	39.28 bp	51.6 bp −$52	361.5 bp −$3,615	916.4 bp −$91.6K	1749.7 bp −$874.9K

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	0.2131	−0.148%	$79K	$1.6M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2131	−0.127%	$92K	—	150x	as long as short
dYdX ENA-USDshort	+0.0013%	1h	0.2132	−0.107%	$141K	$15K	5x
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−0.490%	$522	$57K	5.5x	as long as short
Orderly PERP_ENA_USDC	+0.0036%	4h	0.2131	−0.138%	$44K	$28K	10x	as long as short
01 Exchange ENAUSD	+0.0096%	1h	0.2134	−0.016%	$4K	$302	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2132	−0.087%	$55K	$518K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2131	−0.117%	$687K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2132	−0.097%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2131	−0.122%	$417K	$544K	10x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ENAUSDT	+0.0100%	4h	0.2131	−0.141%	$132.0M	$443.6M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2130	−0.166%	$87.4M	$187.1M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2131	−0.148%	$20.9M	$107.8M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2135	+0.068%	$19K	$402K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2131	−0.134%	$79K	$289K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2135	+0.030%	$94K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2131	−0.148%	$11.0M	$21.6M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2131	−0.134%	$45.3M	$44.4M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2132	−0.087%	$24.7M	$16.4M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2129	−0.213%	$48.5M	$60.9M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2131	−0.152%	—	$32.6M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2133	−0.059%	$381K	$391K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2130	−0.159%	$3.8M	$10.2M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2131	−0.128%	$246K	$7.5M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2129	−0.227%	$352K	$4.8M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2129	−0.227%	$32K	$657K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2131	−0.152%	$184K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2080	−2.533%	$1K	$853K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2131	−0.134%	$4K	$10K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2135	+0.049%	$275K	$866K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2131	−0.134%	$1.9M	$9.2M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2130	−0.171%	$48K	$110	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2131	−0.151%	$75K	$4K	3x	as long as short
Phoenix ENA	+0.0188%	1h	0.2129	−0.223%	$7K	$351K	10x	as long as short
Extended ENA-USD	+0.0232%	1h	0.2130	−0.195%	$1.6M	$4.1M	50x	as long as short
Kraken Futures PF_ENAUSD	+0.0250%	1h	0.2133	−0.062%	$2.7M	$4.5M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0251% / S −0.0206%	1h	0.2131	−0.129%	$51K	—	100x	as long as short
Lighter ENA	+0.0392%	1h	0.2134	−0.002%	$5.5M	$13.7M	10x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2130	−0.175%	$1K	$5K	15x	as long as short
Hyperliquid ENAlong	+0.0494%	1h	0.2134	long leg	$115.3M	$72.5M	10x
Coinbase International ENA-PERP-INTX	+0.0648%	1h	0.2135	+0.063%	$837K	$1.7M	50x	as long as short