ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.037%

Price spread now: Deribit against Pacifica+0.133%7-day average +0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$400.404% of the position

Long on Pacifica Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.131%−$13 on $10k

Price spread, last 3 days (all we have)+0.007%+$1 · spread now +0.133%, 7d avg +0.044%

Together, before fees−0.124%+ Points / potential airdropPacifica: Active · farm board−$12 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.089% dearer against Pacifica than usual: you sell high and buy low (spread +0.133% now, against its 7-day average of +0.044%): +$9 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica ENA	0.2127	0.0100	pay 0.0013% / 1h	2m 07s	$416K	$530K	10x
Short	Deribit ENA_USDC-PERPETUAL	0.2130	0	get 0.0000% / 1h	2m 07s	$79K	$1.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Pacifica. 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 PacificabpFee DeribitbpOrdersPrice spread, now +0.133%Rate

Funding earned: −$21
Price spread: +0.133% → +0.044%: $8.94
Slippage, 4 orders: −$25.36
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$52.42
Costs to cover: 0.404%
Break-even: never at this rate

Slippage from Pacifica: live order book, 2 min ago; Deribit: live order book, 2 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 Pacifica live order book, 2 min ago	1.41 bp	9.6 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Deribit live order book, 2 min ago	5.89 bp	10.8 bp −$11	doesn't fit	doesn't fit	doesn't fit

ENA on 41 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
Deribit ENA_USDC-PERPETUALshort	0.0000%	1h	0.2130	+0.133%	$79K	$1.3M	50x
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2130	+0.133%	$87K	—	150x	as long as short
dYdX ENA-USD	+0.0011%	1h	0.2127	−0.040%	$140K	$15K	5x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−0.191%	$522	$57K	5.5x	as long as short
Orderly PERP_ENA_USDC	+0.0033%	4h	0.2128	+0.044%	$44K	$27K	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2130	+0.119%	$54K	$507K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2130	+0.105%	$684K	$1.7M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2130	+0.133%	$1.5M	$3.3M	50x	as long as short
Pacifica ENAlong	+0.0100%	1h	0.2127	long leg	$416K	$530K	10x
Binance ENAUSDT	+0.0100%	4h	0.2130	+0.107%	$131.0M	$431.2M	75x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ENAUSDT	+0.0100%	4h	0.2129	+0.091%	$87.2M	$180.0M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2129	+0.049%	$20.9M	$105.1M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2116	−0.543%	$19K	$382K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2128	+0.025%	$79K	$289K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2109	−0.844%	$93K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2130	+0.096%	$11.1M	$22.0M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2130	+0.101%	$45.2M	$44.6M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2131	+0.185%	$24.7M	$16.0M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2127	+0.002%	$48.4M	$59.0M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2129	+0.082%	—	$6.5M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2131	+0.166%	$384K	$370K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2114	−0.624%	$3.8M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2106	−1.012%	$246K	$7.5M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2112	−0.726%	$359K	$4.9M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2106	−1.009%	$32K	$650K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2131	+0.157%	$184K	$2.3M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2080	−2.212%	$962	$845K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2129	+0.072%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2134	+0.326%	$278K	$803K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2130	+0.119%	$1.9M	$9.0M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2128	+0.017%	$48K	$110	10x	as long as short
01 Exchange ENAUSD	+0.0104%	1h	0.2129	+0.063%	$4K	$302	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2131	+0.149%	$75K	$4K	3x	as long as short
Extended ENA-USD	+0.0160%	1h	0.2129	+0.062%	$1.6M	$4.1M	50x	as long as short
Phoenix ENA	+0.0188%	1h	0.2116	−0.520%	$7K	$351K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0250%	1h	0.2131	+0.165%	$2.7M	$4.3M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0251% / S −0.0206%	1h	0.2130	+0.115%	$51K	—	100x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2130	+0.138%	$1K	$5K	15x	as long as short
Lighter ENA	+0.0440%	1h	0.2132	+0.190%	$5.5M	$13.8M	10x	as long as short
Hyperliquid ENA	+0.0466%	1h	0.2131	+0.176%	$114.6M	$71.5M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0648%	1h	0.2137	+0.425%	$840K	$1.6M	50x	as long as short