ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0312%/8h= +34.1% APRnext payment +$0.39 per $10,000 · paid last 24h +0.135%

Price spread now: Reya against Backpack−0.174%7-day average — · you buy dearer than you sell

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

Long on Backpack Short on Reya

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 · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.174% cheaper against Backpack than usual: you would sell low and buy high (spread −0.174% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 45 hours of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack ENA_USDC_PERP	0.2128	0.0100	pay 0.0013% / 1h	3m 08s	$383K	$370K	5x
Short	Reya ENARUSDPERP	0.2124	0.0412	get 0.0051% / 1h	3m 08s	$1K	$5K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Backpack. 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 BackpackbpFee ReyabpOrdersPrice spread, now −0.174%Rate

Funding earned: $65.47
Price spread: −0.174% → 0.000%: −$17.38
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: $32.09
Costs to cover: 0.160%
Break-even: 3.6 days

Slippage unknown: Backpack: live order book, 65 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 Backpack live order book, 65 min ago	0.69 bp	9.2 bp −$9	41.3 bp −$413	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 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	0.2125	−0.108%	$79K	$1.3M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2124	−0.151%	$87K	—	150x	as long as short
dYdX ENA-USD	+0.0012%	1h	0.2123	−0.230%	$140K	$15K	5x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−0.202%	$522	$57K	5.5x	as long as short
Orderly PERP_ENA_USDC	+0.0034%	4h	0.2124	−0.164%	$44K	$27K	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2124	−0.174%	$54K	$507K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2124	−0.197%	$682K	$1.7M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2127	−0.055%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2124	−0.164%	$415K	$530K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2126	−0.089%	$130.8M	$432.4M	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	0.2127	−0.056%	$87.1M	$180.1M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2126	−0.061%	$20.9M	$105.0M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2116	−0.555%	$19K	$382K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2125	−0.127%	$78K	$289K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2109	−0.855%	$93K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2124	−0.155%	$11.1M	$21.9M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2127	−0.056%	$45.2M	$44.6M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2127	−0.019%	$24.7M	$16.0M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2125	−0.146%	$48.3M	$59.1M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2126	−0.061%	—	$6.5M	—	as long as short
Backpack ENA_USDC_PERPlong	+0.0100%	1h	0.2128	long leg	$383K	$370K	5x
Variational Omni ENA	+0.0100%	4h	0.2114	−0.635%	$3.8M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2106	−1.023%	$246K	$7.5M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2112	−0.737%	$359K	$4.9M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2106	−1.020%	$32K	$650K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2125	−0.132%	$184K	$2.3M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2075	−2.472%	$984	$846K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2125	−0.127%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2127	−0.033%	$277K	$804K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2125	−0.127%	$1.9M	$9.0M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2123	−0.207%	$48K	$110	10x	as long as short
01 Exchange ENAUSD	+0.0104%	1h	0.2125	−0.132%	$4K	$302	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2126	−0.097%	$74K	$4K	3x	as long as short
Extended ENA-USD	+0.0168%	1h	0.2124	−0.156%	$1.6M	$4.1M	50x	as long as short
Phoenix ENA	+0.0188%	1h	0.2116	−0.531%	$7K	$351K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0251%	1h	0.2127	−0.024%	$2.7M	$4.3M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0251% / S −0.0206%	1h	0.2124	−0.170%	$50K	—	100x	as long as short
Reya ENARUSDPERPshort	+0.0412%	1h	0.2124	−0.174%	$1K	$5K	15x
Lighter ENA	+0.0424%	1h	0.2129	+0.066%	$5.5M	$13.8M	10x	as long as short
Hyperliquid ENA	+0.0470%	1h	0.2127	−0.056%	$114.3M	$71.4M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0648%	1h	0.2128	+0.028%	$835K	$1.6M	50x	as long as short