ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0560%/8h= +61.3% APRnext payment +$0.70 per $10,000 · paid last 24h +0.148%

Price spread now: Coinbase International against Popdex+0.263%7-day average +0.166% · 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−$51as in the Price arb table

costs, in and out, $10k−$610.606% of the position

Long on Popdex Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.420%+$42 on $10k

Price spread, last 4 days (all we have)−0.230%−$23 · spread now +0.263%, 7d avg +0.166%

Together, before fees+0.189%+$19 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Coinbase International is 0.097% dearer against Popdex than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.166%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex ENAUSDT	0.2094	0.0096	pay 0.0012% / 1h	37m 17s	$55K	$478K	50x
Short	Coinbase International ENA-PERP-INTX	0.2099	0.0656	get 0.0082% / 1h	37m 17s	$868K	$1.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.263%Rate

Funding earned: $117.6
Price spread: +0.263% → +0.166%: $9.71
Slippage, 4 orders: −$44.23
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $66.68
Costs to cover: 0.606%
Break-even: 3.0 days

Slippage from Popdex: live order book, 2 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 Popdex live order book, 2 min ago	2.62 bp	10.5 bp −$10	82.6 bp −$826	doesn't fit	doesn't fit
Sell Coinbase International live order book, 1 min ago	11.88 bp	20.1 bp −$20	31.9 bp −$319	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	−0.0095%	4h	0.2094	+0.019%	$43K	$17K	10x	as long as short
01 Exchange ENAUSD	0.0000%	1h	0.2095	+0.029%	$4K	$277	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2095	+0.053%	$54K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2099	+0.260%	$81K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+1.404%	$522	$57K	5.5x	as long as short
Lighter ENA	+0.0096%	1h	0.2097	+0.153%	$4.9M	$13.8M	10x	as long as short
Popdex ENAUSDTlong	+0.0096%	1h	0.2094	long leg	$55K	$478K	50x
Paradex ENA-USD-PERP	+0.0100%	8h	0.2097	+0.140%	$47K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2095	+0.033%	$557K	$1.8M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2097	+0.143%	$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	0.2096	+0.084%	$1.4M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2097	+0.158%	$404K	$563K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2095	+0.057%	$127.3M	$425.3M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2094	+0.005%	$89.6M	$187.2M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2095	+0.067%	$21.0M	$106.6M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2107	+0.645%	$38K	$318K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2096	+0.096%	$77K	$281K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2096	+0.082%	$91K	$511	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2095	+0.057%	$12.7M	$26.9M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2095	+0.057%	$39.0M	$42.9M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2096	+0.081%	$24.7M	$15.8M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2094	−0.024%	$47.6M	$59.7M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2095	+0.038%	—	$31.4M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2099	+0.215%	$406K	$492K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2106	+0.584%	$3.0M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2099	+0.232%	$253K	$7.1M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2100	+0.276%	$362K	$4.8M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2109	+0.716%	$19K	$646K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2095	+0.062%	$185K	$2.6M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2047	−2.235%	$1K	$905K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2095	+0.048%	$3K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2099	+0.248%	$264K	$817K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2095	+0.048%	$1.8M	$8.8M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2094	+0.014%	$1.6M	$4.4M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2095	+0.037%	$73K	$4K	3x	as long as short
Kraken Futures PF_ENAUSD	+0.0150%	1h	0.2096	+0.081%	$2.6M	$4.4M	50x	as long as short
Phoenix ENA	+0.0190%	1h	0.2108	+0.688%	$8K	$273K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0306% / S −0.0754%	1h	0.2094	+0.021%	$58K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2094	+0.005%	$5.6M	$3.3M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2094	+0.011%	$1K	—	15x	as long as short
Coinbase International ENA-PERP-INTXshort	+0.0656%	1h	0.2099	+0.263%	$868K	$1.8M	50x
dYdX ENA-USD	+0.0803%	1h	0.2096	+0.110%	$138K	$16K	5x	as long as short