ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0475%/8h= −52.0% APRnext payment −$0.59 per $10,000 · paid last 24h −0.082%

Price spread now: Nado against Hyperliquid−0.282%7-day average −0.070% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$300.303% of the position

Long on Hyperliquid Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.190%−$19 on $10k

Price spread, last 3 days (all we have)+0.490%+$49 · spread now −0.282%, 7d avg −0.070%

Together, before fees+0.300%+ Points / potential airdropHyperliquid: Season 2 · Nado: Active · farm board+$30 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Nado is 0.212% cheaper against Hyperliquid than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of −0.070%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ENA	0.2095	0.0575	pay 0.0072% / 1h	25m 48s	$110.6M	$79.7M	10x
Short	Nado ENA-PERP	0.2089	0.0100	get 0.0012% / 1h	25m 48s	$657K	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.282%Rate

Funding earned: −$99.68
Price spread: −0.282% → −0.070%: −$21.2
Slippage, 4 orders: −$14.3
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$151.18
Costs to cover: 0.303%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 8 min ago; Nado: live order book, 3 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, 8 min ago	0.24 bp	7.4 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 3 min ago	0.72 bp	7.2 bp −$7	21.6 bp −$216	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
Backpack ENA_USDC_PERP	−0.0087%	1h	0.2090	−0.234%	$361K	$454K	5x	as long as short
Orderly PERP_ENA_USDC	−0.0057%	4h	0.2090	−0.258%	$40K	$24K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2091	−0.215%	$92K	$1.8M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2091	−0.222%	$100K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+1.341%	$522	$57K	5.5x	as long as short
Kraken Futures PF_ENAUSD	+0.0066%	1h	0.2091	−0.205%	$2.6M	$5.6M	50x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2089	−0.301%	$61K	$537K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2089	−0.293%	$47K	$221	10x	as long as short
Nado ENA-PERPshort	+0.0100%	1h	0.2089	−0.282%	$657K	$1.8M	10x
Aster ENAUSDT	+0.0100%	4h	0.2091	−0.210%	$1.5M	$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	0.2090	−0.242%	$404K	$578K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2092	−0.141%	$129.0M	$457.2M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2091	−0.186%	$87.0M	$191.1M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2092	−0.153%	$20.1M	$111.7M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2092	−0.177%	$15K	$405K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2090	−0.253%	$82K	$222K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2088	−0.325%	$88K	$500	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2091	−0.186%	$10.4M	$21.3M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2092	−0.157%	$45.3M	$46.8M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2092	−0.138%	$23.8M	$16.5M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2091	−0.224%	$47.3M	$65.2M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2092	−0.162%	—	$32.9M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2090	−0.268%	$3.8M	$10.3M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2091	−0.193%	$248K	$7.7M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2092	−0.157%	$360K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2092	−0.157%	$32K	$710K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2091	−0.205%	$182K	$2.7M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2040	−2.630%	$1K	$815K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2090	−0.253%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2092	−0.153%	$271K	$1.5M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2089	−0.301%	$1.9M	$9.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2091	−0.229%	$77K	$11K	3x	as long as short
Phoenix ENA	+0.0115%	1h	0.2091	−0.224%	$5K	$356K	10x	as long as short
01 Exchange ENAUSD	+0.0120%	1h	0.2091	−0.220%	$4K	$432	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0235% / S −0.0398%	1h	0.2090	−0.231%	$38K	—	100x	as long as short
Extended ENA-USD	+0.0304%	1h	0.2091	−0.206%	$1.6M	$4.2M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2090	−0.248%	$5.5M	$8.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2090	−0.254%	$1K	$5K	15x	as long as short
Lighter ENA	+0.0520%	1h	0.2092	−0.143%	$5.6M	$12.9M	10x	as long as short
Hyperliquid ENAlong	+0.0575%	1h	0.2095	long leg	$110.6M	$79.7M	10x
Coinbase International ENA-PERP-INTX	+0.0576%	1h	0.2092	−0.157%	$804K	$2.1M	50x	as long as short
dYdX ENA-USD	+0.1938%	1h	0.2090	−0.240%	$138K	$15K	5x	as long as short