ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: Arcus against Popdex+0.047%7-day average +0.040% · 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−$45as in the Price arb table

costs, in and out, $10k−$460.460% of the position

Long on Popdex Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.047%−$5 · spread now +0.047%, 7d avg +0.040%

Together, before fees−0.043%−$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex ENAUSDT	0.2130	0.0096	pay 0.0012% / 1h	35m 03s	$58K	$552K	50x
Short	Arcus ENA-USD	0.2131	0.0100	get 0.0013% / 1h	35m 03s	$85K	$222K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Popdex. 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 PopdexbpFee ArcusbpOrdersPrice spread, now +0.047%Rate

Funding earned: $0.84
Price spread: +0.047% → +0.040%: $0.65
Slippage, 4 orders: −$35.11
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$44.53
Costs to cover: 0.460%
Break-even: 378.1 days

Slippage from Popdex: live order book, 14 min ago; Arcus: live order book, 13 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 Popdex live order book, 14 min ago	3.06 bp	10.9 bp −$11	58.1 bp −$581	doesn't fit	doesn't fit
Sell Arcus live order book, 13 min ago	4.71 bp	7.0 bp −$7	21.5 bp −$215	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
Backpack ENA_USDC_PERP	−0.0416%	1h	0.2128	−0.085%	$366K	$493K	5x	as long as short
Orderly PERP_ENA_USDC	−0.0123%	4h	0.2130	+0.005%	$42K	$23K	10x	as long as short
Phoenix ENA	0.0000%	1h	0.2126	−0.188%	$6K	$391K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2131	+0.038%	$95K	$1.9M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2132	+0.092%	$98K	—	150x	as long as short
Kraken Futures PF_ENAUSD	+0.0015%	1h	0.2131	+0.041%	$2.7M	$6.1M	50x	as long as short
01 Exchange ENAUSD	+0.0016%	1h	0.2132	+0.070%	$4K	$432	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−0.310%	$522	$57K	5.5x	as long as short
Popdex ENAUSDTlong	+0.0096%	1h	0.2130	long leg	$58K	$552K	50x
Paradex ENA-USD-PERP	+0.0100%	8h	0.2130	+0.022%	$48K	$221	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado ENA-PERP	+0.0100%	1h	0.2130	+0.002%	$660K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2132	+0.111%	$1.6M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2131	+0.061%	$409K	$611K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2129	−0.032%	$132.0M	$473.5M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2129	−0.070%	$90.4M	$196.5M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2127	−0.127%	$20.4M	$118.3M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2124	−0.263%	$20K	$449K	5x	as long as short
Arcus ENA-USDshort	+0.0100%	1h	0.2131	+0.047%	$85K	$222K	10x
Gate ENA_USDT	+0.0100%	4h	0.2129	−0.028%	$10.6M	$22.5M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2128	−0.089%	$47.0M	$50.2M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2130	−0.019%	$23.7M	$16.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2126	−0.183%	$48.4M	$67.0M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2129	−0.070%	—	$32.3M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2127	−0.142%	$3.7M	$10.0M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2124	−0.263%	$253K	$8.0M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2125	−0.227%	$360K	$4.5M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2125	−0.235%	$31K	$717K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2132	+0.085%	$194K	$3.1M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2080	−2.333%	$1K	$793K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2129	−0.047%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2134	+0.183%	$276K	$1.7M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2129	−0.047%	$1.9M	$9.3M	50x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2121	−0.400%	$89K	$2K	10x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2129	−0.036%	$1.7M	$4.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2131	+0.024%	$78K	$11K	3x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0193% / S −0.0293%	1h	0.2132	+0.100%	$38K	—	100x	as long as short
Lighter ENA	+0.0312%	1h	0.2132	+0.094%	$5.8M	$13.5M	10x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2129	−0.066%	$5.6M	$8.4M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2128	−0.071%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0456%	1h	0.2132	+0.117%	$815K	$2.4M	50x	as long as short
Hyperliquid ENA	+0.0595%	1h	0.2132	+0.080%	$113.1M	$80.0M	10x	as long as short
dYdX ENA-USD	+0.6467%	1h	0.2132	+0.083%	$141K	$12K	5x	as long as short