ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0092%/8h= −10.1% APRnext payment −$0.12 per $10,000 · paid last 24h +0.003%

Price spread now: 01 Exchange against Backpack−0.080%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 01 Exchange

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—needs both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and 01 Exchange is 0.080% cheaper against Backpack than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack ENA_USDC_PERP	0.2116	0.0100	pay 0.0013% / 1h	31m 03s	$374K	$363K	5x
Short	01 Exchange ENAUSD	0.2114	0.0008	get 0.0001% / 1h	31m 03s	$4K	$302	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.080%Rate

Funding earned: −$19.32
Price spread: −0.080% → 0.000%: −$8.03
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$44.35
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 33 min ago; 01 Exchange: 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, 33 min ago	0.23 bp	6.1 bp −$6	39.4 bp −$394	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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 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	−0.0006%	4h	0.2113	−0.147%	$44K	$26K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2114	−0.099%	$79K	$1.3M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2113	−0.119%	$82K	—	150x	as long as short
01 Exchange ENAUSDshort	+0.0008%	1h	0.2114	−0.080%	$4K	$302	10x
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.354%	$522	$57K	5.5x	as long as short
dYdX ENA-USD	+0.0089%	1h	0.2112	−0.191%	$140K	$15K	5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2113	−0.137%	$55K	$497K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2113	−0.123%	$682K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2118	+0.080%	$113.8M	$71.4M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2114	−0.089%	$1.5M	$3.0M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ENA	+0.0100%	1h	0.2113	−0.126%	$413K	$511K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2115	−0.042%	$129.8M	$420.3M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2115	−0.057%	$86.7M	$175.5M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2115	−0.019%	$20.8M	$102.7M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2118	+0.085%	$19K	$366K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2113	−0.137%	$78K	$288K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2115	−0.043%	$93K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2115	−0.057%	$11.1M	$21.3M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2115	−0.033%	$45.4M	$41.9M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2115	−0.024%	$24.6M	$15.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2113	−0.123%	$48.2M	$57.8M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2115	−0.038%	—	$6.5M	—	as long as short
Backpack ENA_USDC_PERPlong	+0.0100%	1h	0.2116	long leg	$374K	$363K	5x
Variational Omni ENA	+0.0100%	4h	0.2113	−0.160%	$3.4M	$10.2M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2118	+0.079%	$244K	$7.4M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2117	+0.054%	$354K	$4.8M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2116	+0.005%	$32K	$648K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2114	−0.099%	$183K	$2.3M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2064	−2.462%	$881	$840K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2114	−0.090%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2117	+0.057%	$277K	$781K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2114	−0.090%	$1.9M	$8.9M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2112	−0.169%	$47K	$110	10x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2113	−0.147%	$1.6M	$4.1M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2114	−0.110%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0150%	1h	0.2116	−0.014%	$8K	$298K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0251% / S −0.0206%	1h	0.2113	−0.125%	$50K	—	100x	as long as short
Kraken Futures PF_ENAUSD	+0.0285%	1h	0.2116	−0.015%	$2.7M	$4.3M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2115	−0.057%	$5.6M	$3.1M	75x	as long as short
Lighter ENA	+0.0392%	1h	0.2117	+0.057%	$5.5M	$13.6M	10x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2112	−0.162%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0664%	1h	0.2118	+0.080%	$833K	$1.5M	50x	as long as short