ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0068%/8h= −7.4% APRnext payment −$0.08 per $10,000 · paid last 24h −0.134%

Price spread now: ApeX Omni against Lighter+0.099%78s7-day average −0.068% · you sell dearer than you buy

Net, funding: paid 7d − costs−$82as 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−$370.367% of the position

Long on Lighter Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.453%−$45 on $10k

Price spread, last 4 days (all we have)−0.338%−$34 · spread now +0.099%, 7d avg −0.068%

Together, before fees−0.790%+ Points / potential airdropLighter: Season 3 · farm board−$79 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.167% dearer against Lighter than usual: you sell high and buy low (spread +0.099% now, against its 7-day average of −0.068%): +$17 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 8.2 days. At the pace of the last 7 days (−0.453% in total) that is about 2.6 days. The two prices were read 78 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	Lighter ENA	0.2118	0.0168	pay 0.0021% / 1h	13m 59s	$5.2M	$13.5M	10x
Short	ApeX Omni ENAUSDT	0.2120	0.0100	get 0.0013% / 1h	13m 59s	$20K	$648K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Lighter. 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 LighterbpFee ApeX OmnibpOrdersPrice spread, now +0.099%Rate

Funding earned: −$14.28
Price spread: +0.099% → −0.068%: $16.72
Slippage, 4 orders: −$26.71
Fee Lighter: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$34.26
Costs to cover: 0.367%
Break-even: never at this rate

Slippage from Lighter: live order book, 5 min ago; ApeX Omni: live order book, 44 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 Lighter live order book, 5 min ago	0.94 bp	2.9 bp −$3	9.0 bp −$90	308.4 bp −$30.8K	doesn't fit
Sell ApeX Omni live order book, 44 min ago	7.12 bp	15.5 bp −$16	156.2 bp −$1,562	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	−0.0132%	1h	0.2117	−0.061%	$363K	$398K	5x	as long as short
Orderly PERP_ENA_USDC	−0.0072%	4h	0.2114	−0.161%	$44K	$25K	10x	as long as short
01 Exchange ENAUSD	−0.0048%	1h	0.2116	−0.071%	$4K	$302	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2116	−0.104%	$74K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2116	−0.111%	$82K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.260%	$522	$57K	5.5x	as long as short
Phoenix ENA	+0.0076%	1h	0.2119	+0.052%	$8K	$266K	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2115	−0.137%	$56K	$475K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2117	−0.065%	$47K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2116	−0.071%	$661K	$1.7M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ENAUSDT	+0.0100%	4h	0.2116	−0.084%	$1.5M	$3.2M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2117	−0.049%	$404K	$517K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2115	−0.137%	$128.8M	$416.4M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2115	−0.137%	$85.4M	$175.4M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2116	−0.099%	$21.0M	$104.0M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2112	−0.283%	$18K	$319K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2116	−0.090%	$79K	$276K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2116	−0.099%	$93K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2115	−0.113%	$11.1M	$22.2M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2115	−0.146%	$46.1M	$41.6M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2117	−0.052%	$24.6M	$15.5M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2113	−0.246%	$48.0M	$57.7M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2116	−0.104%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2115	−0.157%	$3.0M	$10.0M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2117	−0.055%	$245K	$6.9M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2118	−0.002%	$350K	$5.0M	10x	as long as short
ApeX Omni ENAUSDTshort	+0.0100%	1h	0.2120	+0.099%	$20K	$648K	50x
Polymarket Perps ENA-USD	+0.0100%	1h	0.2117	−0.047%	$179K	$2.3M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2065	−2.507%	$1K	$848K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2116	−0.090%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2119	+0.047%	$274K	$796K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2116	−0.090%	$1.8M	$8.8M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2114	−0.190%	$1.6M	$4.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2115	−0.136%	$74K	$4K	3x	as long as short
Hyperliquid ENA	+0.0132%	1h	0.2119	+0.042%	$115.4M	$75.1M	10x	as long as short
Lighter ENAlong	+0.0168%	1h	0.2118	long leg	$5.2M	$13.5M	10x
dYdX ENA-USD	+0.0175%	1h	0.2115	−0.123%	$140K	$15K	5x	as long as short
Kraken Futures PF_ENAUSD	+0.0242%	1h	0.2118	+0.003%	$2.6M	$4.3M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0306% / S −0.0358%	1h	0.2116	−0.105%	$70K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2117	−0.066%	$5.6M	$3.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2115	−0.130%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0632%	1h	0.2118	+0.014%	$866K	$1.7M	50x	as long as short