ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.075%

Price spread now: Bybit against BloFin−1.050%342s7-day average −0.140% · you buy dearer than you sell

Net, funding: paid 7d − costs−$96as 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−$450.448% of the position

Long on BloFin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.509%−$51 on $10k

Price spread, last 3 days (all we have)+0.843%+$84 · spread now −1.050%, 7d avg −0.140%

Together, before fees+0.335%+$33 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 Bybit is 0.911% cheaper against BloFin than usual: you would sell low and buy high (−$91 if the spread goes back to its 7-day average of −0.140%). Swap the legs. The two prices were read 342 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	0.2132	0.0340	pay 0.0170% / 4h	2h 43m	$5.7M	$2.0M	75x
Short	Bybit ENAUSDT	0.2110	0.0100	get 0.0050% / 4h	2h 43m	$86.4M	$186.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −1.050%Rate

Funding earned: −$50.4
Price spread: −1.050% → −0.140%: −$91.06
Slippage, 4 orders: −$21.79
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$186.25
Costs to cover: 0.448%
Break-even: never at this rate

Slippage from BloFin: live order book, 5 min ago; Bybit: live order book, 6 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, 5 min ago	0.95 bp	11.3 bp −$11	22.2 bp −$222	doesn't fit	doesn't fit
Sell Bybit live order book, 6 min ago	0.23 bp	11.2 bp −$11	17.8 bp −$178	61.6 bp −$6,157	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
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2111	−1.022%	$90K	—	150x	as long as short
dYdX ENA-USD	+0.0032%	1h	0.2115	−0.829%	$140K	$15K	5x	as long as short
01 Exchange ENAUSD	+0.0032%	1h	0.2110	−1.032%	$4K	$302	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−0.422%	$522	$57K	5.5x	as long as short
Orderly PERP_ENA_USDC	+0.0038%	4h	0.2116	−0.760%	$41K	$23K	10x	as long as short
Backpack ENA_USDC_PERP	+0.0085%	1h	0.2118	−0.675%	$366K	$383K	5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2111	−1.004%	$53K	$526K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2109	−1.081%	$700K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2114	−0.853%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2111	−0.985%	$414K	$548K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ENAUSDT	+0.0100%	4h	0.2110	−1.027%	$131.4M	$445.3M	75x	as long as short
Bybit ENAUSDTshort	+0.0100%	4h	0.2110	−1.050%	$86.4M	$186.8M	50x
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2110	−1.046%	$21.0M	$108.2M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2111	−1.008%	$16K	$405K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2112	−0.957%	$115K	$253K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2109	−1.074%	$10.9M	$21.0M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2111	−1.008%	$44.9M	$43.7M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2112	−0.952%	$24.3M	$16.4M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2110	−1.069%	$47.9M	$61.3M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2110	−1.065%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2109	−1.094%	$3.8M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2116	−0.755%	$242K	$7.6M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2108	−1.145%	$357K	$4.8M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2116	−0.769%	$32K	$691K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2111	−0.999%	$178K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2062	−3.283%	$1K	$846K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2117	−0.722%	$4K	$10K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2122	−0.464%	$275K	$1.0M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2117	−0.722%	$1.9M	$9.3M	50x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2117	−0.733%	$93K	$4K	10x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2111	−0.991%	$47K	$110	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2117	−0.734%	$74K	$4K	3x	as long as short
Deribit ENA_USDC-PERPETUAL	+0.0128%	1h	0.2117	−0.718%	$79K	$1.6M	50x	as long as short
Lighter ENA	+0.0136%	1h	0.2112	−0.980%	$5.5M	$13.6M	10x	as long as short
Phoenix ENA	+0.0188%	1h	0.2117	−0.732%	$7K	$351K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0250% / S −0.0206%	1h	0.2114	−0.842%	$50K	—	100x	as long as short
Kraken Futures PF_ENAUSD	+0.0252%	1h	0.2118	−0.663%	$2.7M	$4.9M	50x	as long as short
Extended ENA-USD	+0.0288%	1h	0.2109	−1.099%	$1.6M	$4.2M	50x	as long as short
BloFin ENA-USDTlong	+0.0340%	4h	0.2132	long leg	$5.7M	$2.0M	75x
Reya ENARUSDPERP	+0.0412%	1h	0.2110	−1.052%	$1K	$5K	15x	as long as short
Hyperliquid ENA	+0.0418%	1h	0.2113	−0.905%	$113.8M	$74.5M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0648%	1h	0.2111	−1.008%	$829K	$1.7M	50x	as long as short