ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0436%/8h= +47.7% APRnext payment +$0.54 per $10,000 · paid last 24h +0.131%

Price spread now: Coinbase International against Arcus−0.019%7-day average +0.117% · 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−$78as in the Price arb table

costs, in and out, $10k−$640.643% of the position

Long on Arcus Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.349%+$35 on $10k

Price spread, last 3 days (all we have)+0.213%+$21 · spread now −0.019%, 7d avg +0.117%

Together, before fees+0.562%+$56 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.136% cheaper against Arcus than usual: you would sell low and buy high (spread −0.019% now, against its 7-day average of +0.117%). If the spread goes back, that is −$14 on $10k: about 25 hours of funding at the current rate (+$13 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus ENA-USD	0.2089	0.0100	pay 0.0013% / 1h	7m 15s	$82K	$223K	10x
Short	Coinbase International ENA-PERP-INTX	0.2089	0.0536	get 0.0067% / 1h	7m 15s	$798K	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Arcus. 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 ArcusbpFee Coinbase InternationalbpOrdersPrice spread, now −0.019%Rate

Funding earned: $91.56
Price spread: −0.019% → +0.117%: −$13.6
Slippage, 4 orders: −$49.81
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $13.64
Costs to cover: 0.643%
Break-even: 6.0 days

Slippage from Arcus: live order book, 16 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 Arcus live order book, 16 min ago	9.48 bp	12.5 bp −$12	23.8 bp −$238	doesn't fit	doesn't fit
Sell Coinbase International live order book, 1 min ago	9.81 bp	16.2 bp −$16	22.7 bp −$227	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
Backpack ENA_USDC_PERP	−0.0284%	1h	0.2088	−0.053%	$360K	$483K	5x	as long as short
Orderly PERP_ENA_USDC	−0.0079%	4h	0.2085	−0.211%	$41K	$23K	10x	as long as short
01 Exchange ENAUSD	0.0000%	1h	0.2087	−0.072%	$4K	$432	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2086	−0.163%	$92K	$1.8M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2087	−0.114%	$96K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+1.647%	$522	$57K	5.5x	as long as short
Phoenix ENA	+0.0076%	1h	0.2090	+0.048%	$5K	$394K	10x	as long as short
Gate ENA_USDT	+0.0082%	4h	0.2087	−0.086%	$10.4M	$21.8M	50x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2087	−0.096%	$59K	$538K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2088	−0.054%	$47K	$221	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado ENA-PERP	+0.0100%	1h	0.2088	−0.029%	$654K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2088	−0.039%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2089	−0.010%	$404K	$592K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2087	−0.108%	$128.4M	$464.8M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2084	−0.225%	$86.8M	$193.3M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2085	−0.187%	$20.1M	$112.9M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2088	−0.053%	$19K	$417K	5x	as long as short
Arcus ENA-USDlong	+0.0100%	1h	0.2089	long leg	$82K	$223K	10x
Bulk ENA-USD	+0.0100%	1h	0.2087	−0.103%	$88K	$2K	10x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2087	−0.091%	$45.2M	$49.5M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2088	−0.034%	$23.9M	$16.7M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2084	−0.258%	$47.1M	$65.8M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2086	−0.153%	—	$32.1M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2085	−0.168%	$3.8M	$10.4M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2091	+0.076%	$248K	$7.9M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2091	+0.099%	$349K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2090	+0.048%	$32K	$712K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2088	−0.053%	$182K	$2.8M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2037	−2.504%	$1K	$811K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2085	−0.191%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2093	+0.187%	$272K	$1.5M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2084	−0.239%	$1.9M	$9.3M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2085	−0.191%	$77K	$11K	3x	as long as short
Kraken Futures PF_ENAUSD	+0.0105%	1h	0.2086	−0.133%	$2.6M	$5.8M	50x	as long as short
Extended ENA-USD	+0.0176%	1h	0.2085	−0.215%	$1.6M	$4.2M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0215% / S −0.0164%	1h	0.2086	−0.123%	$50K	—	100x	as long as short
Lighter ENA	+0.0304%	1h	0.2091	+0.101%	$5.6M	$13.2M	10x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2091	+0.072%	$5.5M	$8.1M	75x	as long as short
Hyperliquid ENA	+0.0345%	1h	0.2090	+0.038%	$110.1M	$80.1M	10x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2087	−0.104%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTXshort	+0.0536%	1h	0.2089	−0.019%	$798K	$2.1M	50x
dYdX ENA-USD	+0.5141%	1h	0.2089	−0.012%	$138K	$15K	5x	as long as short