ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0604%/8h= +66.1% APRnext payment +$0.76 per $10,000 · paid last 24h +0.144%

Price spread now: Coinbase International against Nado+0.297%7-day average +0.160% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$590.594% of the position

Long on Nado Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.371%+$37 on $10k

Price spread, last 4 days (all we have)−0.093%−$9 · spread now +0.297%, 7d avg +0.160%

Together, before fees+0.278%+ Points / potential airdropNado: Active · farm board+$28 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Coinbase International is 0.137% dearer against Nado than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.160%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado ENA-PERP	0.2171	0.0100	pay 0.0012% / 1h	2m 50s	$577K	$1.8M	10x
Short	Coinbase International ENA-PERP-INTX	0.2178	0.0704	get 0.0088% / 1h	2m 50s	$894K	$1.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Nado. 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 NadobpFee Coinbase InternationalbpOrdersPrice spread, now +0.297%Rate

Funding earned: $126.84
Price spread: +0.297% → +0.160%: $13.67
Slippage, 4 orders: −$42.44
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $81.07
Costs to cover: 0.594%
Break-even: 2.5 days

Slippage from Nado: live order book, 1 min ago; Coinbase International: live order book, 1 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 Nado live order book, 1 min ago	0.92 bp	6.5 bp −$6	17.5 bp −$175	doesn't fit	doesn't fit
Sell Coinbase International live order book, 1 min ago	8.28 bp	19.8 bp −$20	22.2 bp −$222	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
Orderly PERP_ENA_USDC	−0.0141%	4h	0.2171	+0.007%	$45K	$26K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2172	+0.048%	$67K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2171	+0.007%	$84K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−2.199%	$522	$57K	5.5x	as long as short
01 Exchange ENAUSD	+0.0040%	1h	0.2172	+0.030%	$4K	$277	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2171	−0.007%	$55K	$477K	50x	as long as short
Nado ENA-PERPlong	+0.0100%	1h	0.2171	long leg	$577K	$1.8M	10x
Hyperliquid ENA	+0.0100%	1h	0.2173	+0.104%	$117.9M	$75.9M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2173	+0.076%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2172	+0.030%	$408K	$532K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ENAUSDT	+0.0100%	4h	0.2172	+0.053%	$131.6M	$426.8M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2172	+0.025%	$87.6M	$179.2M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2172	+0.035%	$21.7M	$109.6M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2175	+0.168%	$21K	$327K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2172	+0.039%	$80K	$281K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2182	+0.477%	$96K	−$0	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2171	+0.012%	$11.5M	$24.8M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2173	+0.067%	$48.4M	$42.2M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2174	+0.150%	$25.3M	$15.7M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2170	−0.071%	$49.3M	$59.3M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2172	+0.048%	—	$31.4M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2182	+0.484%	$3.1M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2179	+0.345%	$257K	$7.0M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2179	+0.350%	$364K	$5.0M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2178	+0.316%	$20K	$650K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2172	+0.021%	$192K	$2.5M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2119	−2.420%	$954	$893K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2172	+0.039%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2176	+0.237%	$273K	$806K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2172	+0.039%	$1.8M	$8.9M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2171	+0.003%	$49K	$110	10x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2172	+0.037%	$1.6M	$4.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2172	+0.021%	$76K	$4K	3x	as long as short
Phoenix ENA	+0.0153%	1h	0.2176	+0.237%	$8K	$278K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0158%	1h	0.2174	+0.147%	$2.7M	$4.3M	50x	as long as short
dYdX ENA-USD	+0.0191%	1h	0.2172	+0.033%	$143K	$16K	5x	as long as short
Lighter ENA	+0.0240%	1h	0.2174	+0.150%	$5.2M	$13.4M	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0310% / S −0.0753%	1h	0.2171	−0.009%	$60K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2172	+0.048%	$5.6M	$3.2M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2171	−0.026%	$1K	$5K	15x	as long as short
Backpack ENA_USDC_PERP	+0.0522%	1h	0.2174	+0.136%	$398K	$423K	5x	as long as short
Coinbase International ENA-PERP-INTXshort	+0.0704%	1h	0.2178	+0.297%	$894K	$1.8M	50x