ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0311%/8h= +34.1% APRnext payment +$0.39 per $10,000 · paid last 24h +0.094%

Price spread now: Reya against Arcus+0.057%110s7-day average — · you sell dearer than you buy

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

Long on Arcus Short on Reya

What this pair did over the last

the charts below follow

Funding, last 4 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

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Reya is 0.057% dearer against Arcus than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 110 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus ENA-USD	0.2099	0.0100	pay 0.0013% / 1h	49m 34s	$78K	$235K	10x
Short	Reya ENARUSDPERP	0.2100	0.0411	get 0.0051% / 1h	49m 34s	$1K	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now +0.057%Rate

Funding earned: $65.4
Price spread: +0.057% → 0.000%: $5.66
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Reya: 3 bp × 2 orders: −$6
Net: $60.55
Costs to cover: 0.105%
Break-even: 0.5 days

Slippage unknown: Arcus: live order book, 61 min ago; Reya: no order-book sample. 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 Arcus live order book, 61 min ago	7.16 bp	14.7 bp −$15	26.3 bp −$263	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

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 exchanges

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	−0.0179%	4h	0.2098	−0.062%	$43K	$14K	10x	as long as short
01 Exchange ENAUSD	−0.0176%	1h	0.2098	−0.048%	$4K	$60	10x	as long as short
Kraken Futures PF_ENAUSD	−0.0133%	1h	0.2099	+0.014%	$2.6M	$3.8M	50x	as long as short
Bitget ENAUSDT	−0.0042%	4h	0.2097	−0.100%	$47.2M	$55.7M	75x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2099	+0.005%	$104K	$1.2M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2102	+0.156%	$81K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2122	+1.091%	$734	$57K	5.5x	as long as short
Lighter ENA	+0.0096%	1h	0.2099	+0.024%	$4.9M	$12.4M	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2099	0.000%	$55K	$390K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2097	−0.091%	$47K	—	10x	as long as short

Show all 42 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado ENA-PERP	+0.0100%	1h	0.2099	−0.014%	$586K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2098	−0.038%	$113.2M	$77.1M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2098	−0.029%	$1.3M	$3.2M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2097	−0.071%	$386K	$499K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2098	−0.033%	$126.1M	$405.2M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2098	−0.062%	$86.2M	$183.9M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2098	−0.029%	$20.8M	$98.8M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2098	−0.048%	$27K	$330K	5x	as long as short
Arcus ENA-USDlong	+0.0100%	1h	0.2099	long leg	$78K	$235K	10x
Bulk ENA-USD	+0.0100%	1h	0.2112	+0.618%	$103K	$11K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2099	−0.010%	$13.7M	$26.6M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2098	−0.029%	$41.9M	$40.7M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2099	0.000%	$24.9M	$15.0M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2098	−0.038%	—	$30.2M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2100	+0.044%	$3.0M	$7.9M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2100	+0.048%	$242K	$6.8M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2104	+0.238%	$356K	$4.4M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2104	+0.238%	$19K	$645K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2099	+0.024%	$166K	$2.6M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2052	−2.239%	$1K	$916K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2098	−0.048%	$6K	$5K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2106	+0.333%	$263K	$785K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2098	−0.048%	$1.9M	$8.9M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2098	−0.050%	$1.6M	$4.8M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2098	−0.024%	$73K	$4K	3x	as long as short
Phoenix ENA	+0.0113%	1h	0.2109	+0.453%	$13K	$278K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0305% / S −0.0756%	1h	0.2102	+0.133%	$58K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2100	+0.029%	$5.5M	$3.3M	75x	as long as short
Reya ENARUSDPERPshort	+0.0411%	1h	0.2100	+0.057%	$1K	—	15x
Coinbase International ENA-PERP-INTX	+0.0480%	1h	0.2104	+0.229%	$775K	$1.8M	50x	as long as short
Backpack ENA_USDC_PERP	+0.0574%	1h	0.2099	+0.005%	$403K	$473K	5x	as long as short
dYdX ENA-USD	+0.1189%	1h	0.2102	+0.163%	$139K	$15K	5x	as long as short