ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0358%/8h= −39.2% APRnext payment −$0.45 per $10,000 · paid last 24h +0.003%

Price spread now: Reya against Hyperliquid−0.078%7-day average — · you buy dearer than you sell

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

Long on Hyperliquid Short on Reya

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—+ Points / potential airdropHyperliquid: Season 2 · Reya: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Reya is 0.078% cheaper against Hyperliquid than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ENA	0.2124	0.0770	pay 0.0096% / 1h	25m 46s	$114.3M	$78.9M	10x
Short	Reya ENARUSDPERP	0.2122	0.0412	get 0.0051% / 1h	25m 46s	$1K	$5K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.078%Rate

Funding earned: −$75.21
Price spread: −0.078% → 0.000%: −$7.81
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Reya: 3 bp × 2 orders: −$6
Net: −$98.02
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 8 min ago; Reya: no order-book sample. 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 Hyperliquid live order book, 8 min ago	1.18 bp	7.6 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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
Orderly PERP_ENA_USDC	−0.0011%	4h	0.2119	−0.207%	$41K	$24K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2121	−0.127%	$92K	$1.7M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0004%	1h	0.2122	−0.061%	$106K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−0.005%	$522	$57K	5.5x	as long as short
Backpack ENA_USDC_PERP	+0.0044%	1h	0.2119	−0.188%	$374K	$447K	5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2122	−0.071%	$61K	$521K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2124	+0.014%	$681K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2120	−0.160%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2119	−0.204%	$409K	$562K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2119	−0.235%	$130.9M	$452.8M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ENAUSDT	+0.0100%	4h	0.2118	−0.268%	$88.9M	$189.8M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2119	−0.217%	$20.5M	$111.0M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2123	−0.042%	$15K	$405K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2124	+0.024%	$84K	$222K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2117	−0.330%	$89K	$500	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2119	−0.217%	$10.8M	$21.4M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2119	−0.212%	$46.5M	$45.5M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2119	−0.188%	$24.5M	$16.4M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2118	−0.245%	$48.0M	$64.0M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2119	−0.198%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2123	−0.009%	$3.9M	$10.3M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2116	−0.352%	$252K	$7.6M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2120	−0.166%	$361K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2118	−0.259%	$32K	$709K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2122	−0.047%	$179K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2071	−2.453%	$1K	$825K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2119	−0.212%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2124	0.000%	$277K	$1.4M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2119	−0.212%	$2.0M	$9.2M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2123	−0.018%	$48K	$221	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2122	−0.082%	$78K	$11K	3x	as long as short
Phoenix ENA	+0.0189%	1h	0.2118	−0.259%	$7K	$347K	10x	as long as short
01 Exchange ENAUSD	+0.0192%	1h	0.2124	+0.024%	$4K	$302	10x	as long as short
Extended ENA-USD	+0.0208%	1h	0.2118	−0.258%	$1.6M	$4.2M	50x	as long as short
Kraken Futures PF_ENAUSD	+0.0241%	1h	0.2121	−0.114%	$2.7M	$5.4M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0250% / S −0.0434%	1h	0.2121	−0.098%	$38K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2127	+0.179%	$5.6M	$6.0M	75x	as long as short
Reya ENARUSDPERPshort	+0.0412%	1h	0.2122	−0.078%	$1K	$5K	15x
Lighter ENA	+0.0512%	1h	0.2122	−0.089%	$5.6M	$12.9M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0552%	1h	0.2131	+0.334%	$841K	$2.1M	50x	as long as short
Hyperliquid ENAlong	+0.0770%	1h	0.2124	long leg	$114.3M	$78.9M	10x
dYdX ENA-USD	+0.1724%	1h	0.2120	−0.157%	$140K	$15K	5x	as long as short