ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.011%

Price spread now: Extended against Arcus−0.008%7-day average −0.077% · 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−$30as in the Price arb table

costs, in and out, $10k−$370.367% of the position

Long on Arcus Short on Extended

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.038%+$4 on $10k

Price spread, last 4 days (all we have)+0.011%+$1 · spread now −0.008%, 7d avg −0.077%

Together, before fees+0.048%+ Points / potential airdropExtended: Active · farm board+$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.070% dearer against Arcus than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.077%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus ENA-USD	0.2127	0.0100	pay 0.0013% / 1h	35m 01s	$79K	$276K	10x
Short	Extended ENA-USD	0.2127	0.0104	get 0.0013% / 1h	35m 01s	$1.6M	$4.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.008%Rate

Funding earned: $0.84
Price spread: −0.008% → −0.077%: $6.96
Slippage, 4 orders: −$27.17
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$28.87
Costs to cover: 0.367%
Break-even: 247.6 days

Slippage from Arcus: live order book, 13 min ago; Extended: live order book, 4 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, 13 min ago	7.12 bp	14.6 bp −$15	26.1 bp −$261	doesn't fit	doesn't fit
Sell Extended live order book, 4 min ago	0.47 bp	6.2 bp −$6	13.7 bp −$137	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
Orderly PERP_ENA_USDC	−0.0143%	4h	0.2127	−0.014%	$44K	$25K	10x	as long as short
01 Exchange ENAUSD	0.0000%	1h	0.2129	+0.075%	$4K	$277	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2127	+0.019%	$74K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2127	+0.015%	$82K	—	150x	as long as short
Gate ENA_USDT	+0.0018%	4h	0.2125	−0.099%	$11.2M	$23.6M	50x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−0.169%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2128	+0.047%	$57K	$466K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2126	−0.026%	$48K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2128	+0.042%	$659K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2125	−0.108%	$115.4M	$74.3M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ENAUSDT	+0.0100%	4h	0.2124	−0.131%	$1.4M	$3.2M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2127	−0.002%	$399K	$525K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2123	−0.212%	$128.7M	$417.8M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2121	−0.301%	$85.7M	$175.2M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2121	−0.291%	$21.3M	$104.5M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2104	−1.077%	$20K	$321K	5x	as long as short
Arcus ENA-USDlong	+0.0100%	1h	0.2127	long leg	$79K	$276K	10x
Bulk ENA-USD	+0.0100%	1h	0.2112	−0.705%	$93K	−$0	10x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2125	−0.075%	$46.9M	$41.0M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2128	+0.047%	$24.8M	$15.5M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2122	−0.221%	$48.2M	$58.0M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2124	−0.150%	—	$31.3M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2122	−0.253%	$3.1M	$10.0M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2116	−0.501%	$243K	$6.9M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2118	−0.423%	$353K	$5.0M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2118	−0.423%	$20K	$649K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2128	+0.066%	$190K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2076	−2.388%	$1K	$869K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2127	0.000%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2130	+0.141%	$269K	$797K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2126	−0.047%	$1.8M	$8.9M	50x	as long as short
Extended ENA-USDshort	+0.0104%	1h	0.2127	−0.008%	$1.6M	$4.2M	50x
Aevo ENA-PERP	+0.0104%	1h	0.2127	−0.015%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0153%	1h	0.2121	−0.291%	$8K	$278K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0162%	1h	0.2128	+0.041%	$2.6M	$4.3M	50x	as long as short
Lighter ENA	+0.0216%	1h	0.2128	+0.052%	$5.3M	$13.0M	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0307% / S −0.0358%	1h	0.2127	+0.006%	$71K	—	100x	as long as short
dYdX ENA-USD	+0.0329%	1h	0.2126	−0.069%	$140K	$15K	5x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2128	+0.042%	$5.6M	$3.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2128	+0.039%	$1K	$5K	15x	as long as short
Backpack ENA_USDC_PERP	+0.0605%	1h	0.2125	−0.071%	$360K	$400K	5x	as long as short
Coinbase International ENA-PERP-INTX	+0.0704%	1h	0.2131	+0.179%	$872K	$1.7M	50x	as long as short