ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0084%/8h= +9.2% APRnext payment +$0.11 per $10,000 · paid last 24h +0.003%

Price spread now: Phoenix against Aevo−0.667%7-day average — · you buy dearer than you sell

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

Long on Aevo Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.091%+$9 on $10k

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

Together, before fees—needs both histories

Funding pays, the price is against you. Phoenix is 0.667% cheaper against Aevo than usual: you would sell low and buy high (spread −0.667% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$67 on $10k: about 26 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo ENA-PERP	0.2131	0.0104	pay 0.0013% / 1h	0m 33s	$75K	$4K	3x
Short	Phoenix ENA	0.2116	0.0188	get 0.0024% / 1h	0m 33s	$7K	$351K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Aevo. 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 AevobpFee PhoenixbpOrdersPrice spread, now −0.667%Rate

Funding earned: $17.73
Price spread: −0.667% → 0.000%: −$66.74
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$72.01
Costs to cover: 0.230%
Break-even: 35.4 days

Slippage unknown: Aevo: no order-book sample; Phoenix: live order book, 65 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 Aevo no order-book sample	—	—	—	—	—
Sell Phoenix live order book, 65 min ago	1.86 bp	16.6 bp −$17	51.8 bp −$518	doesn't fit	doesn't fit

Aevo: 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 41 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	0.2130	−0.020%	$79K	$1.3M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2130	−0.052%	$87K	—	150x	as long as short
dYdX ENA-USD	+0.0011%	1h	0.2127	−0.171%	$141K	$15K	5x	as long as short
Orderly PERP_ENA_USDC	+0.0033%	4h	0.2129	−0.090%	$44K	$27K	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−0.339%	$522	$57K	5.5x	as long as short
01 Exchange ENAUSD	+0.0096%	1h	0.2126	−0.217%	$4K	$302	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2124	−0.311%	$54K	$506K	50x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2128	−0.121%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2127	−0.184%	$415K	$530K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2123	−0.342%	$130.6M	$430.1M	75x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ENAUSDT	+0.0100%	4h	0.2122	−0.419%	$86.8M	$179.8M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2122	−0.419%	$20.9M	$104.4M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2127	−0.175%	$19K	$384K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2126	−0.217%	$79K	$289K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2109	−0.991%	$93K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2127	−0.189%	$11.1M	$22.0M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2126	−0.207%	$45.6M	$44.7M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2128	−0.132%	$24.7M	$15.9M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2124	−0.287%	$48.4M	$58.9M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2126	−0.207%	—	$32.4M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2131	−0.001%	$384K	$369K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2129	−0.096%	$3.8M	$10.0M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2123	−0.365%	$248K	$7.5M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2124	−0.302%	$361K	$4.9M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2125	−0.264%	$32K	$650K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2120	−0.490%	$681K	$1.7M	10x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2129	−0.090%	$184K	$2.3M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2078	−2.470%	$1K	$843K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2130	−0.029%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2132	+0.055%	$278K	$803K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2130	−0.029%	$1.9M	$9.0M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2126	−0.234%	$48K	$110	10x	as long as short
Aevo ENA-PERPlong	+0.0104%	1h	0.2131	long leg	$75K	$4K	3x
Extended ENA-USD	+0.0152%	1h	0.2125	−0.268%	$1.6M	$4.1M	50x	as long as short
Phoenix ENAshort	+0.0188%	1h	0.2116	−0.667%	$7K	$351K	10x
Kraken Futures PF_ENAUSD	+0.0250%	1h	0.2131	+0.003%	$2.7M	$4.3M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0251% / S −0.0206%	1h	0.2130	−0.046%	$51K	—	100x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2128	−0.125%	$1K	$5K	15x	as long as short
Lighter ENA	+0.0440%	1h	0.2129	−0.067%	$5.5M	$13.8M	10x	as long as short
Hyperliquid ENA	+0.0460%	1h	0.2129	−0.076%	$114.5M	$71.5M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0648%	1h	0.2132	+0.079%	$838K	$1.6M	50x	as long as short