Funding you earn now, next payment 06:00 UTC+0.0276%/8h= +30.2% APRpaid last 24h +0.073%
Price spread now: Coinbase International against BloFin+0.162%58s7-day average +0.088% · you sell dearer than you buy
Net, funding: paid 7d − costs−$62as 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−$680.679% of the position
Funding, last 7 days+0.056%+$6 on $10k
+Price spread, last 4 days (all we have)−0.264%−$26 · spread now +0.162%, 7d avg +0.088%
=Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Coinbase International is 0.073% dearer against BloFin than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.088%. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.056% in total (about 2.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin ENA-USDT | 0.2102 | 0.0340 | pay 0.0170% / 4h | 1h 02m | $5.6M | $3.3M | 75x |
| Short | Coinbase International ENA-PERP-INTX | 0.2105 | 0.0616 | get 0.0077% / 1h | 2m 00s | $868K | $1.8M | 50x |
BloFin ENA-USDT
Coinbase International ENA-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against BloFin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $57.96
- Price spread: +0.162% → +0.088%
- $7.35
- Slippage, 4 orders
- −$45.95
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$2.64
- Costs to cover
- 0.679%
- Break-even
- 7.3 days
Slippage from BloFin: live order book, 7 min ago; Coinbase International: live order book, 2 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, 7 min ago | 5.21 bp | 13.1 bp −$13 | 20.1 bp −$201 | 65.8 bp −$6,584 | doesn't fit |
| Sell Coinbase International live order book, 2 min ago | 10.44 bp | 18.5 bp −$19 | 23.6 bp −$236 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ENA_USDC | −0.0100% | 4h | 0.2105 | +0.133% | $44K | $26K | 10x | as long as short |
| Deribit ENA_USDC-PERPETUAL | 0.0000% | 1h | 0.2105 | +0.176% | $54K | $1.1M | 50x | as long as short |
| gTrade (Gains Network) ENA/USD | L +0.0004% / S −0.0004% | 1h | 0.2105 | +0.171% | $81K | — | 150x | as long as short |
| 01 Exchange ENAUSD | +0.0008% | 1h | 0.2106 | +0.195% | $4K | $277 | 10x | as long as short |
| Injective ENA/USDC PERP | +0.0033% | 1h | 0.2123 | +1.028% | $522 | $57K | 5.5x | as long as short |
| Popdex ENAUSDT | +0.0096% | 1h | 0.2106 | +0.200% | $55K | $480K | 50x | as long as short |
| Paradex ENA-USD-PERP | +0.0100% | 8h | 0.2104 | +0.121% | $47K | $110 | 10x | as long as short |
| Nado ENA-PERP | +0.0100% | 1h | 0.2104 | +0.128% | $557K | $1.8M | 10x | as long as short |
| Hyperliquid ENA | +0.0100% | 1h | 0.2106 | +0.195% | $113.8M | $75.5M | 10x | as long as short |
| Aster ENAUSDT | +0.0100% | 4h | 0.2106 | +0.186% | $1.4M | $3.3M | 50x | as long as short |
Orderly PERP_ENA_USDC
Deribit ENA_USDC-PERPETUAL
gTrade (Gains Network) ENA/USD
01 Exchange ENAUSD
Injective ENA/USDC PERP
Popdex ENAUSDT
Paradex ENA-USD-PERP
Nado ENA-PERP
Hyperliquid ENA
Aster ENAUSDTShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica ENA | +0.0100% | 1h | 0.2104 | +0.120% | $399K | $542K | 10x | as long as short |
| Binance ENAUSDT | +0.0100% | 4h | 0.2105 | +0.143% | $127.5M | $426.5M | 75x | as long as short |
| Bybit ENAUSDT | +0.0100% | 4h | 0.2103 | +0.062% | $90.3M | $187.1M | 50x | as long as short |
| OKX ENA-USDT-SWAP | +0.0100% | 4h | 0.2105 | +0.133% | $21.1M | $107.0M | 50x | as long as short |
| Ondo Perps ENA-USD.P | +0.0100% | 1h | 0.2097 | −0.228% | $33K | $316K | 5x | as long as short |
| Arcus ENA-USD | +0.0100% | 1h | 0.2105 | +0.152% | $78K | $281K | 10x | as long as short |
| Bulk ENA-USD | +0.0100% | 1h | 0.2122 | +0.958% | $93K | $511 | 10x | as long as short |
| Gate ENA_USDT | +0.0100% | 4h | 0.2105 | +0.133% | $12.5M | $26.8M | 50x | as long as short |
| MEXC ENA_USDT | +0.0100% | 4h | 0.2105 | +0.133% | $38.0M | $43.5M | 200x | as long as short |
| KuCoin ENAUSDTM | +0.0100% | 4h | 0.2105 | +0.171% | $24.6M | $15.7M | 75x | as long as short |
| Bitget ENAUSDT | +0.0100% | 4h | 0.2102 | +0.014% | $47.6M | $59.7M | 75x | as long as short |
| BingX ENA-USDC | +0.0100% | 4h | 0.2105 | +0.138% | — | $6.5M | — | as long as short |
| Variational Omni ENA | +0.0100% | 4h | 0.2113 | +0.527% | $3.1M | $10.1M | — | as long as short |
| edgeX ENAUSDC | +0.0100% | 4h | 0.2109 | +0.336% | $256K | $7.1M | 20x | as long as short |
| GRVT ENA_USDT_Perp | +0.0100% | 4h | 0.2108 | +0.295% | $361K | $4.9M | 10x | as long as short |
| ApeX Omni ENAUSDT | +0.0100% | 1h | 0.2108 | +0.295% | $19K | $647K | 50x | as long as short |
| Polymarket Perps ENA-USD | +0.0100% | 1h | 0.2106 | +0.219% | $182K | $2.6M | 10x | as long as short |
| SunX ENA-USDT | +0.0100% | 4h | 0.2055 | −2.208% | $1K | $903K | 20x | as long as short |
| SoDEX ENA-USD | +0.0100% | 1h | 0.2105 | +0.152% | $4K | $7K | 10x | as long as short |
| HTX ENA-USDT | +0.0100% | 4h | 0.2110 | +0.400% | $265K | $826K | 50x | as long as short |
| Phemex ENAUSDT | +0.0100% | 4h | 0.2106 | +0.200% | $1.8M | $8.8M | 50x | as long as short |
| Extended ENA-USD | +0.0104% | 1h | 0.2103 | +0.041% | $1.6M | $4.3M | 50x | as long as short |
| Aevo ENA-PERP | +0.0104% | 1h | 0.2105 | +0.155% | $74K | $4K | 3x | as long as short |
| Phoenix ENA | +0.0110% | 1h | 0.2112 | +0.490% | $8K | $276K | 10x | as long as short |
| Lighter ENA | +0.0136% | 1h | 0.2107 | +0.243% | $5.0M | $13.8M | 10x | as long as short |
| Backpack ENA_USDC_PERP | +0.0172% | 1h | 0.2106 | +0.181% | $388K | $456K | 5x | as long as short |
| dYdX ENA-USD | +0.0289% | 1h | 0.2105 | +0.154% | $139K | $16K | 5x | as long as short |
| GMX ENA/USD [ETH-USDC] | L +0.0306% / S −0.0753% | 1h | 0.2106 | +0.178% | $58K | — | 100x | as long as short |
| BloFin ENA-USDTlong | +0.0340% | 4h | 0.2102 | long leg | $5.6M | $3.3M | 75x | |
| Reya ENARUSDPERP | +0.0412% | 1h | 0.2104 | +0.119% | $1K | — | 15x | as long as short |
| Kraken Futures PF_ENAUSD | +0.0448% | 1h | 0.2106 | +0.178% | $2.6M | $4.4M | 50x | as long as short |
| Coinbase International ENA-PERP-INTXshort | +0.0616% | 1h | 0.2105 | +0.162% | $868K | $1.8M | 50x |
Pacifica ENA
Binance ENAUSDT
Bybit ENAUSDT
OKX ENA-USDT-SWAP
Ondo Perps ENA-USD.P
Arcus ENA-USD
Bulk ENA-USD
Gate ENA_USDT
MEXC ENA_USDT
KuCoin ENAUSDTM
Bitget ENAUSDT
BingX ENA-USDC
Variational Omni ENA
edgeX ENAUSDC
GRVT ENA_USDT_Perp
ApeX Omni ENAUSDT
Polymarket Perps ENA-USD
SunX ENA-USDT
SoDEX ENA-USD
HTX ENA-USDT
Phemex ENAUSDT
Extended ENA-USD
Aevo ENA-PERP
Phoenix ENA
Lighter ENA
Backpack ENA_USDC_PERP
dYdX ENA-USD
GMX ENA/USD [ETH-USDC]
Reya ENARUSDPERP
Kraken Futures PF_ENAUSD