ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0049%/8h= +5.3% APRnext payment +$0.06 per $10,000 · paid last 24h +0.003%

Price spread now: Hyperliquid against Reya+0.177%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 Hyperliquid

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 · Hyperliquid: Season 2 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Hyperliquid is 0.177% dearer against Reya than usual: you sell high and buy low: +$18 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya ENARUSDPERP	0.2109	0.0412	pay 0.0051% / 1h	46m 27s	$1K	$5K	15x
Short	Hyperliquid ENA	0.2112	0.0460	get 0.0058% / 1h	46m 27s	$113.8M	$74.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.177%Rate

Funding earned: $10.21
Price spread: +0.177% → 0.000%: $17.67
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $12.88
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; Hyperliquid: live order book, 7 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 Hyperliquid live order book, 7 min ago	1.65 bp	6.3 bp −$6	doesn't fit	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
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2115	+0.290%	$79K	$1.6M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2116	+0.351%	$91K	—	150x	as long as short
dYdX ENA-USD	+0.0027%	1h	0.2116	+0.333%	$140K	$15K	5x	as long as short
01 Exchange ENAUSD	+0.0032%	1h	0.2111	+0.101%	$4K	$302	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.703%	$522	$57K	5.5x	as long as short
Orderly PERP_ENA_USDC	+0.0038%	4h	0.2114	+0.262%	$41K	$23K	10x	as long as short
Lighter ENA	+0.0096%	1h	0.2113	+0.200%	$5.5M	$13.6M	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2110	+0.068%	$53K	$526K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2109	+0.001%	$695K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2115	+0.317%	$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	0.2112	+0.157%	$414K	$548K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2110	+0.082%	$131.3M	$444.8M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2109	+0.034%	$86.4M	$186.7M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2110	+0.068%	$21.0M	$108.3M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2124	+0.755%	$16K	$408K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2112	+0.162%	$115K	$253K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2110	+0.053%	$10.7M	$20.8M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2111	+0.120%	$44.5M	$43.6M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2116	+0.343%	$24.4M	$16.4M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2107	−0.056%	$47.8M	$61.1M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2110	+0.091%	—	$6.5M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2117	+0.376%	$366K	$383K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2125	+0.789%	$3.8M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2132	+1.101%	$244K	$7.6M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2130	+1.016%	$360K	$4.8M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2131	+1.064%	$32K	$691K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2110	+0.049%	$178K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2064	−2.104%	$1K	$845K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2115	+0.305%	$4K	$10K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2118	+0.438%	$273K	$1.0M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2116	+0.352%	$1.9M	$9.4M	50x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2117	+0.388%	$93K	$4K	10x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2112	+0.180%	$47K	$110	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2114	+0.243%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0188%	1h	0.2127	+0.874%	$7K	$351K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0251% / S −0.0206%	1h	0.2116	+0.347%	$50K	—	100x	as long as short
Kraken Futures PF_ENAUSD	+0.0252%	1h	0.2116	+0.359%	$2.7M	$4.9M	50x	as long as short
Extended ENA-USD	+0.0296%	1h	0.2109	+0.025%	$1.6M	$4.2M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2132	+1.130%	$5.7M	$2.0M	75x	as long as short
Reya ENARUSDPERPlong	+0.0412%	1h	0.2109	long leg	$1K	$5K	15x
Hyperliquid ENAshort	+0.0460%	1h	0.2112	+0.177%	$113.8M	$74.4M	10x
Coinbase International ENA-PERP-INTX	+0.0648%	1h	0.2118	+0.461%	$832K	$1.7M	50x	as long as short