ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h +0.617%

Price spread now: dYdX against Pacifica+0.033%7-day average −0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$119as in the Price arb table

costs, in and out, $10k−$1241.237% of the position

Long on Pacifica Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+1.094%+$109 on $10k

Price spread, last 4 days (all we have)+0.051%+$5 · spread now +0.033%, 7d avg −0.015%

Together, before fees+1.145%+ Points / potential airdropPacifica: Active · farm board+$114 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and dYdX is 0.048% dearer against Pacifica than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.015%.

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	32m 51s	$407K	$569K	10x
Short	dYdX ENA-USD	0.2128	0.0118	get 0.0015% / 1h	32m 51s	$141K	$16K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.033%Rate

Funding earned: $3.85
Price spread: +0.033% → −0.015%: $4.79
Slippage, 4 orders: −$105.67
Fee Pacifica: 4 bp × 2 orders: −$8
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$115.03
Costs to cover: 1.237%
Break-even: 216.0 days

Slippage from Pacifica: live order book, 66 min ago; dYdX: 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 Pacifica live order book, 66 min ago	1.19 bp	7.2 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell dYdX live order book, 1 min ago	2.56 bp	90.8 bp −$91	436.5 bp −$4,365	791.1 bp −$79.1K	1642.5 bp −$821.2K

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	−0.0098%	4h	0.2127	0.000%	$44K	$16K	10x	as long as short
01 Exchange ENAUSD	−0.0096%	1h	0.2125	−0.094%	$4K	$169	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2129	+0.066%	$75K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2129	+0.079%	$82K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−0.173%	$522	$57K	5.5x	as long as short
Lighter ENA	+0.0096%	1h	0.2130	+0.146%	$4.9M	$13.0M	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2126	−0.051%	$54K	$497K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2125	−0.092%	$48K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2126	−0.030%	$563K	$1.8M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2130	+0.142%	$116.0M	$76.6M	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	0.2129	+0.110%	$1.4M	$3.3M	50x	as long as short
Pacifica ENAlong	+0.0100%	1h	0.2127	long leg	$407K	$569K	10x
Binance ENAUSDT	+0.0100%	4h	0.2129	+0.085%	$129.1M	$430.9M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2128	+0.057%	$88.5M	$194.2M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2130	+0.118%	$21.0M	$108.8M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2129	+0.094%	$28K	$318K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2125	−0.098%	$79K	$282K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2140	+0.607%	$93K	$511	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2129	+0.076%	$13.3M	$27.5M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2129	+0.104%	$40.4M	$43.3M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2130	+0.151%	$25.1M	$16.0M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2127	0.000%	$48.2M	$61.1M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2129	+0.071%	—	$6.5M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2128	+0.038%	$414K	$478K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2131	+0.188%	$3.1M	$9.8M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2130	+0.134%	$253K	$7.1M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2129	+0.089%	$354K	$4.8M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2138	+0.513%	$19K	$645K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2128	+0.024%	$175K	$2.7M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2079	−2.247%	$1K	$927K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2128	+0.043%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2133	+0.287%	$265K	$838K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2129	+0.090%	$1.9M	$8.9M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2128	+0.054%	$1.6M	$4.6M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2135	+0.383%	$75K	$4K	3x	as long as short
dYdX ENA-USDshort	+0.0118%	1h	0.2128	+0.033%	$141K	$16K	5x
Phoenix ENA	+0.0150%	1h	0.2140	+0.626%	$13K	$267K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0196%	1h	0.2129	+0.077%	$2.6M	$4.4M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0308% / S −0.0756%	1h	0.2128	+0.022%	$59K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2128	+0.057%	$5.7M	$3.4M	75x	as long as short
Reya ENARUSDPERP	+0.0411%	1h	0.2129	+0.100%	$1K	—	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0544%	1h	0.2136	+0.414%	$793K	$2.0M	50x	as long as short