ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0453%/8h= −49.6% APRnext payment −$0.57 per $10,000 · paid last 24h −0.132%

Price spread now: Backpack against Reya+0.200%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Reya Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

The price spread pays, funding is against you. Backpack is 0.200% dearer against Reya than usual: you sell high and buy low (spread +0.200% now, against zero (this spread has no 7-day history yet)): +$20 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 35 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya ENARUSDPERP	0.2094	0.0412	pay 0.0051% / 1h	14m 53s	$1K	$5K	15x
Short	Backpack ENA_USDC_PERP	0.2098	−0.0041	pay 0.0005% / 1h	14m 53s	$370K	$448K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Reya. 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 ReyabpFee BackpackbpOrdersPrice spread, now +0.200%Rate

Funding earned: −$95.08
Price spread: +0.200% → 0.000%: $20
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$91.09
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; Backpack: live order book, 4 min ago. Net counts fees only.

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 Reya no order-book sample	—	—	—	—	—
Sell Backpack live order book, 4 min ago	0.24 bp	8.9 bp −$9	38.6 bp −$386	doesn't fit	doesn't fit

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0047%	4h	0.2094	+0.014%	$40K	$24K	10x	as long as short
Backpack ENA_USDC_PERPshort	−0.0041%	1h	0.2098	+0.200%	$370K	$448K	5x
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2094	+0.033%	$92K	$1.8M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2094	+0.027%	$101K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+1.423%	$522	$57K	5.5x	as long as short
Kraken Futures PF_ENAUSD	+0.0066%	1h	0.2098	+0.202%	$2.6M	$5.5M	50x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2094	+0.018%	$61K	$531K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2093	−0.021%	$47K	$221	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2093	−0.025%	$659K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2097	+0.138%	$1.5M	$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	0.2094	−0.004%	$405K	$576K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2100	+0.291%	$129.5M	$455.1M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2098	+0.224%	$87.3M	$190.6M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2099	+0.262%	$20.2M	$111.3M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2095	+0.052%	$15K	$396K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2094	+0.018%	$82K	$220K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2095	+0.051%	$88K	$500	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2098	+0.224%	$10.5M	$21.3M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2099	+0.252%	$46.6M	$47.0M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2099	+0.238%	$23.9M	$16.4M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2097	+0.162%	$47.4M	$64.7M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2099	+0.248%	—	$32.8M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2091	−0.121%	$3.8M	$10.3M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2093	−0.046%	$249K	$7.8M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2093	−0.051%	$353K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2092	−0.077%	$32K	$710K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2094	+0.042%	$177K	$2.6M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2043	−2.422%	$1K	$815K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2096	+0.114%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2096	+0.109%	$272K	$1.5M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2096	+0.114%	$1.9M	$9.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2094	+0.039%	$77K	$11K	3x	as long as short
Phoenix ENA	+0.0115%	1h	0.2097	+0.181%	$5K	$356K	10x	as long as short
01 Exchange ENAUSD	+0.0136%	1h	0.2095	+0.071%	$4K	$432	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0241% / S −0.0415%	1h	0.2094	+0.012%	$38K	—	100x	as long as short
Extended ENA-USD	+0.0336%	1h	0.2097	+0.165%	$1.6M	$4.1M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2097	+0.167%	$5.5M	$8.0M	75x	as long as short
Reya ENARUSDPERPlong	+0.0412%	1h	0.2094	long leg	$1K	$5K	15x
Lighter ENA	+0.0512%	1h	0.2099	+0.262%	$5.6M	$12.9M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0576%	1h	0.2100	+0.310%	$827K	$2.1M	50x	as long as short
Hyperliquid ENA	+0.0584%	1h	0.2100	+0.310%	$110.9M	$78.9M	10x	as long as short
dYdX ENA-USD	+0.1971%	1h	0.2093	−0.042%	$138K	$15K	5x	as long as short