ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0142%/8h= +15.5% APRnext payment +$0.18 per $10,000 · paid last 24h +0.630%

Price spread now: dYdX against Popdex−0.009%52s7-day average +0.003% · 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—prices read too far apart to compare

costs, in and out, $10k−$1081.082% of the position

Long on Popdex Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.981%+$98 on $10k

Price spread, last 4 days (all we have)+0.180%+$18 · spread now −0.009%, 7d avg +0.003%

Together, before fees+1.161%+$116 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.003%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex ENAUSDT	0.2122	0.0096	pay 0.0012% / 1h	15m 40s	$55K	$484K	50x
Short	dYdX ENA-USD	0.2122	0.0238	get 0.0030% / 1h	15m 40s	$140K	$16K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.009%Rate

Funding earned: $29.74
Price spread: −0.009% → +0.003%: −$1.23
Slippage, 4 orders: −$91.84
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$79.72
Costs to cover: 1.082%
Break-even: 25.8 days

Slippage from Popdex: live order book, 28 min ago; dYdX: live order book, 28 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, 28 min ago	1.40 bp	7.7 bp −$8	63.1 bp −$631	doesn't fit	doesn't fit
Sell dYdX live order book, 28 min ago	37.85 bp	45.6 bp −$46	347.9 bp −$3,479	705.1 bp −$70.5K	1574.9 bp −$787.4K

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	−0.0109%	4h	0.2121	−0.033%	$44K	$26K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2122	+0.024%	$54K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2121	−0.025%	$82K	—	150x	as long as short
01 Exchange ENAUSD	+0.0008%	1h	0.2123	+0.033%	$4K	$277	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.066%	$522	$57K	5.5x	as long as short
Popdex ENAUSDTlong	+0.0096%	1h	0.2122	long leg	$55K	$484K	50x
Paradex ENA-USD-PERP	+0.0100%	8h	0.2122	−0.022%	$47K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2121	−0.026%	$562K	$1.8M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2125	+0.151%	$115.2M	$76.0M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2123	+0.052%	$1.4M	$3.3M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ENA	+0.0100%	1h	0.2123	+0.038%	$402K	$546K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2123	+0.033%	$128.5M	$427.9M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2121	−0.052%	$91.0M	$187.5M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2123	+0.047%	$21.3M	$108.4M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2123	+0.047%	$33K	$330K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2122	0.000%	$78K	$281K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2128	+0.289%	$93K	$511	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2123	+0.042%	$12.5M	$26.6M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2122	+0.024%	$37.9M	$43.0M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2124	+0.080%	$24.9M	$15.7M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2121	−0.066%	$48.1M	$60.0M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2123	+0.033%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2120	−0.072%	$3.1M	$10.2M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2126	+0.170%	$257K	$7.1M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2127	+0.227%	$355K	$5.1M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2128	+0.283%	$19K	$645K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2122	+0.009%	$185K	$2.6M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2072	−2.361%	$1K	$904K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2123	+0.047%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2125	+0.137%	$266K	$820K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2121	−0.047%	$1.8M	$8.8M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2121	−0.029%	$1.6M	$4.3M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2122	+0.020%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0110%	1h	0.2128	+0.283%	$8K	$276K	10x	as long as short
Lighter ENA	+0.0176%	1h	0.2124	+0.104%	$5.0M	$13.6M	10x	as long as short
dYdX ENA-USDshort	+0.0238%	1h	0.2122	−0.009%	$140K	$16K	5x
GMX ENA/USD [ETH-USDC]	L +0.0307% / S −0.0753%	1h	0.2122	−0.006%	$58K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2123	+0.033%	$5.6M	$3.2M	75x	as long as short
Backpack ENA_USDC_PERP	+0.0408%	1h	0.2123	+0.066%	$394K	$437K	5x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2121	−0.063%	$1K	$5K	15x	as long as short
Kraken Futures PF_ENAUSD	+0.0444%	1h	0.2123	+0.057%	$2.6M	$4.4M	50x	as long as short
Coinbase International ENA-PERP-INTX	+0.0616%	1h	0.2135	+0.636%	$881K	$1.8M	50x	as long as short