ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: Popdex against Polymarket Perps−0.115%7-day average −0.070% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$310.313% of the position

Long on Polymarket Perps Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.005%+$1 on $10k

Price spread, last 4 days (all we have)−0.410%−$41 · spread now −0.115%, 7d avg −0.070%

Together, before fees−0.405%−$41 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: Popdex is 0.044% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps ENA-USD	0.2095	0.0100	pay 0.0013% / 1h	36m 27s	$185K	$2.6M	10x
Short	Popdex ENAUSDT	0.2093	0.0096	get 0.0012% / 1h	36m 27s	$51K	$478K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex against Polymarket Perps. 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 Polymarket PerpsbpFee PopdexbpOrdersPrice spread, now −0.115%Rate

Funding earned: −$0.84
Price spread: −0.115% → −0.070%: −$4.43
Slippage, 4 orders: −$16.89
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$36.56
Costs to cover: 0.313%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 2 min ago; Popdex: 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 Polymarket Perps live order book, 2 min ago	0.48 bp	5.9 bp −$6	6.4 bp −$64	11273.3 bp −$1.13M	doesn't fit
Sell Popdex live order book, 2 min ago	2.62 bp	10.5 bp −$10	91.4 bp −$914	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	−0.0094%	4h	0.2096	+0.024%	$44K	$17K	10x	as long as short
01 Exchange ENAUSD	0.0000%	1h	0.2094	−0.081%	$4K	$277	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2095	−0.014%	$54K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2096	+0.049%	$81K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+1.336%	$522	$57K	5.5x	as long as short
Lighter ENA	+0.0096%	1h	0.2098	+0.143%	$4.9M	$13.8M	10x	as long as short
Popdex ENAUSDTshort	+0.0096%	1h	0.2093	−0.115%	$51K	$478K	50x
Paradex ENA-USD-PERP	+0.0100%	8h	0.2093	−0.119%	$47K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2093	−0.122%	$557K	$1.8M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2097	+0.095%	$113.7M	$74.9M	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	0.2097	+0.080%	$1.4M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2095	−0.011%	$404K	$563K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2097	+0.057%	$127.4M	$425.4M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2096	+0.014%	$89.7M	$187.4M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2097	+0.095%	$21.0M	$106.7M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2096	+0.043%	$38K	$316K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2094	−0.067%	$77K	$281K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2096	+0.015%	$91K	$511	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2097	+0.057%	$12.7M	$27.0M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2096	+0.043%	$39.1M	$42.9M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2095	−0.005%	$24.7M	$15.8M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2093	−0.095%	$47.6M	$59.7M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2096	+0.033%	—	$31.4M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2098	+0.119%	$406K	$492K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2106	+0.517%	$3.0M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2099	+0.165%	$253K	$7.1M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2100	+0.209%	$362K	$4.8M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2109	+0.649%	$19K	$646K	50x	as long as short
Polymarket Perps ENA-USDlong	+0.0100%	1h	0.2095	long leg	$185K	$2.6M	10x
SunX ENA-USDT	+0.0100%	4h	0.2047	−2.300%	$1K	$905K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2095	−0.019%	$3K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2099	+0.181%	$264K	$817K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2095	−0.019%	$1.8M	$8.8M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2096	+0.018%	$1.6M	$4.4M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2098	+0.136%	$73K	$4K	3x	as long as short
Kraken Futures PF_ENAUSD	+0.0150%	1h	0.2096	+0.014%	$2.6M	$4.4M	50x	as long as short
Phoenix ENA	+0.0190%	1h	0.2108	+0.620%	$8K	$273K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0306% / S −0.0754%	1h	0.2096	+0.038%	$58K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2094	−0.062%	$5.6M	$3.3M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2095	−0.013%	$1K	—	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0656%	1h	0.2099	+0.196%	$868K	$1.8M	50x	as long as short
dYdX ENA-USD	+0.0840%	1h	0.2096	+0.043%	$138K	$16K	5x	as long as short