ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.072%

Price spread now: Binance against BloFin−0.253%101s7-day average −0.058% · you buy dearer than you sell

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$410.410% of the position

Long on BloFin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.463%−$46 on $10k

Price spread, last 4 days (all we have)−0.413%−$41 · spread now −0.253%, 7d avg −0.058%

Together, before fees−0.876%−$88 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Binance is 0.195% cheaper against BloFin than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of −0.058%). Swap the legs. The two prices were read 101 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	BloFin ENA-USDT	0.2110	0.0340	pay 0.0170% / 4h	1h 53m	$5.5M	$3.3M	75x
Short	Binance ENAUSDT	0.2105	0.0100	get 0.0050% / 4h	1h 53m	$126.5M	$407.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BloFin. 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 BloFinbpFee BinancebpOrdersPrice spread, now −0.253%Rate

Funding earned: −$50.4
Price spread: −0.253% → −0.058%: −$19.47
Slippage, 4 orders: −$18.98
Fee BloFin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$110.85
Costs to cover: 0.410%
Break-even: never at this rate

Slippage from BloFin: live order book, 3 min ago; Binance: live order book, 13 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 BloFin live order book, 3 min ago	0.47 bp	12.6 bp −$13	21.8 bp −$218	79.5 bp −$7,950	doesn't fit
Sell Binance live order book, 13 min ago	0.24 bp	8.0 bp −$8	13.0 bp −$130	50.0 bp −$4,997	doesn't fit

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	−0.0181%	4h	0.2109	−0.052%	$44K	$14K	10x	as long as short
01 Exchange ENAUSD	−0.0176%	1h	0.2103	−0.336%	$4K	$60	10x	as long as short
Kraken Futures PF_ENAUSD	−0.0133%	1h	0.2110	−0.017%	$2.6M	$4.1M	50x	as long as short
Bitget ENAUSDT	−0.0044%	4h	0.2102	−0.365%	$47.4M	$56.0M	75x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2111	+0.024%	$105K	$1.2M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2109	−0.036%	$81K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2122	+0.559%	$734	$57K	5.5x	as long as short
Lighter ENA	+0.0096%	1h	0.2108	−0.100%	$4.9M	$12.4M	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2104	−0.289%	$57K	$390K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2106	−0.208%	$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	0.2104	−0.275%	$586K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2106	−0.185%	$113.7M	$77.0M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2106	−0.189%	$1.3M	$3.2M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2107	−0.171%	$388K	$527K	10x	as long as short
Binance ENAUSDTshort	+0.0100%	4h	0.2105	−0.253%	$126.5M	$407.4M	75x
Bybit ENAUSDT	+0.0100%	4h	0.2104	−0.303%	$86.5M	$185.2M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2104	−0.270%	$20.9M	$99.6M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2111	+0.024%	$27K	$332K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2106	−0.194%	$78K	$236K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2112	+0.089%	$103K	$11K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2106	−0.185%	$13.7M	$26.5M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2106	−0.199%	$42.2M	$40.6M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2107	−0.152%	$25.0M	$15.5M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2106	−0.180%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2110	−0.004%	$3.0M	$8.0M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2111	+0.057%	$245K	$6.8M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2111	+0.043%	$357K	$4.4M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2111	+0.043%	$19K	$645K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2104	−0.265%	$166K	$2.6M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2060	−2.374%	$1K	$919K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2110	−0.005%	$6K	$5K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2118	+0.355%	$265K	$782K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2108	−0.100%	$1.9M	$8.9M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2105	−0.220%	$1.6M	$4.8M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2110	−0.022%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0112%	1h	0.2115	+0.232%	$13K	$278K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0306% / S −0.0756%	1h	0.2110	−0.022%	$58K	—	100x	as long as short
BloFin ENA-USDTlong	+0.0340%	4h	0.2110	long leg	$5.5M	$3.3M	75x
Reya ENARUSDPERP	+0.0411%	1h	0.2104	−0.311%	$1K	—	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0480%	1h	0.2113	+0.152%	$778K	$1.9M	50x	as long as short
Backpack ENA_USDC_PERP	+0.0636%	1h	0.2111	+0.028%	$405K	$474K	5x	as long as short
dYdX ENA-USD	+0.1184%	1h	0.2109	−0.055%	$139K	$15K	5x	as long as short