ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h −0.105%

Price spread now: Pacifica against Lighter−0.066%7-day average −0.113% · you buy dearer than you sell

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$190.191% of the position

Long on Lighter Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.474%−$47 on $10k

Price spread, last 4 days (all we have)−0.034%−$3 · spread now −0.066%, 7d avg −0.113%

Together, before fees−0.508%+ Points / potential airdropLighter: Season 3 · Pacifica: Active · farm board−$51 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.047% dearer against Lighter than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.113%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ENA	0.2132	0.0096	pay 0.0012% / 1h	35m 42s	$4.9M	$13.0M	10x
Short	Pacifica ENA	0.2131	0.0100	get 0.0013% / 1h	35m 42s	$408K	$569K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.066%Rate

Funding earned: $0.84
Price spread: −0.066% → −0.113%: $4.74
Slippage, 4 orders: −$11.08
Fee Lighter: 0 bp × 2 orders: $0
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$13.5
Costs to cover: 0.191%
Break-even: 119.5 days

Slippage from Lighter: live order book, 8 min ago; Pacifica: live order book, 63 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, 8 min ago	0.70 bp	0.8 bp −$1	19.8 bp −$198	341.4 bp −$34.1K	doesn't fit
Sell Pacifica live order book, 63 min ago	1.19 bp	9.2 bp −$9	doesn't fit	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
01 Exchange ENAUSD	−0.0096%	1h	0.2131	−0.061%	$4K	$277	10x	as long as short
Orderly PERP_ENA_USDC	−0.0096%	4h	0.2131	−0.070%	$44K	$16K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2133	+0.014%	$76K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2130	−0.098%	$82K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−0.427%	$522	$57K	5.5x	as long as short
Lighter ENAlong	+0.0096%	1h	0.2132	long leg	$4.9M	$13.0M	10x
Popdex ENAUSDT	+0.0096%	1h	0.2129	−0.164%	$52K	$493K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2130	−0.107%	$48K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2129	−0.171%	$565K	$1.8M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2132	−0.005%	$116.4M	$76.4M	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	0.2131	−0.056%	$1.4M	$3.3M	50x	as long as short
Pacifica ENAshort	+0.0100%	1h	0.2131	−0.066%	$408K	$569K	10x
Binance ENAUSDT	+0.0100%	4h	0.2131	−0.061%	$129.6M	$432.5M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2131	−0.056%	$88.7M	$194.6M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2132	−0.023%	$21.0M	$109.2M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2137	+0.216%	$28K	$319K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2128	−0.211%	$79K	$282K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2140	+0.352%	$93K	$511	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2132	−0.014%	$13.3M	$27.4M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2132	−0.028%	$40.6M	$43.2M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2132	−0.042%	$25.1M	$16.0M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2130	−0.122%	$48.3M	$61.2M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2133	+0.009%	—	$31.4M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2131	−0.066%	$3.1M	$9.8M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2139	+0.321%	$254K	$7.1M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2139	+0.315%	$369K	$4.8M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2141	+0.399%	$19K	$644K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2130	−0.108%	$175K	$2.7M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2081	−2.401%	$1K	$928K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2132	−0.023%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2134	+0.084%	$265K	$838K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2133	+0.023%	$1.9M	$8.9M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2132	−0.041%	$1.6M	$4.6M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2131	−0.070%	$75K	$4K	3x	as long as short
dYdX ENA-USD	+0.0105%	1h	0.2132	−0.017%	$141K	$16K	5x	as long as short
Phoenix ENA	+0.0150%	1h	0.2140	+0.370%	$13K	$267K	10x	as long as short
Backpack ENA_USDC_PERP	+0.0186%	1h	0.2134	+0.052%	$415K	$478K	5x	as long as short
Kraken Futures PF_ENAUSD	+0.0196%	1h	0.2132	−0.011%	$2.6M	$4.4M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0307% / S −0.0754%	1h	0.2131	−0.070%	$58K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2138	+0.263%	$5.7M	$3.5M	75x	as long as short
Reya ENARUSDPERP	+0.0411%	1h	0.2131	−0.056%	$1K	—	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0544%	1h	0.2135	+0.098%	$792K	$2.0M	50x	as long as short