ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0013%/8h= +1.5% APRnext payment +$0.02 per $10,000 · paid last 24h +0.001%

Price spread now: Phoenix against Bulk−0.106%7-day average — · you buy dearer than you sell

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

Long on Bulk Short on Phoenix

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

Funding pays, the price is against you. Phoenix is 0.106% cheaper against Bulk than usual: you would sell low and buy high (spread −0.106% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 26 days of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk ENA-USD	0.2115	0.0100	pay 0.0013% / 1h	49m 17s	$93K	$4K	10x
Short	Phoenix ENA	0.2113	0.0113	get 0.0014% / 1h	49m 17s	$8K	$274K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Bulk. 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 BulkbpFee PhoenixbpOrdersPrice spread, now −0.106%Rate

Funding earned: $2.82
Price spread: −0.106% → 0.000%: −$10.62
Slippage, 4 orders: no order book: not counted
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$21.8
Costs to cover: 0.140%
Break-even: 61.1 days

Slippage unknown: Bulk: no order-book sample; Phoenix: live order book, 1 min ago. 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 Bulk no order-book sample	—	—	—	—	—
Sell Phoenix live order book, 1 min ago	1.89 bp	16.8 bp −$17	51.7 bp −$517	doesn't fit	doesn't fit

Bulk: 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
Backpack ENA_USDC_PERP	−0.0233%	1h	0.2109	−0.276%	$362K	$402K	5x	as long as short
Orderly PERP_ENA_USDC	−0.0085%	4h	0.2106	−0.428%	$44K	$25K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2107	−0.390%	$73K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2107	−0.373%	$82K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.381%	$522	$57K	5.5x	as long as short
01 Exchange ENAUSD	+0.0064%	1h	0.2108	−0.361%	$4K	$302	10x	as long as short
Lighter ENA	+0.0096%	1h	0.2110	−0.267%	$5.2M	$13.2M	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2107	−0.395%	$56K	$464K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2107	−0.401%	$47K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2107	−0.411%	$655K	$1.7M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ENAUSDT	+0.0100%	4h	0.2107	−0.379%	$1.5M	$3.2M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2108	−0.340%	$401K	$513K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2105	−0.482%	$128.0M	$415.1M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2103	−0.603%	$85.0M	$175.1M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2104	−0.555%	$21.0M	$103.5M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2105	−0.465%	$20K	$323K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2108	−0.347%	$78K	$276K	10x	as long as short
Bulk ENA-USDlong	+0.0100%	1h	0.2115	long leg	$93K	$4K	10x
Gate ENA_USDT	+0.0100%	4h	0.2108	−0.366%	$11.1M	$22.2M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2103	−0.574%	$45.8M	$40.9M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2106	−0.447%	$24.9M	$15.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2106	−0.456%	$47.9M	$57.8M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2108	−0.357%	—	$32.2M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2110	−0.235%	$3.0M	$10.0M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2114	−0.073%	$244K	$6.9M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2116	+0.029%	$355K	$5.0M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2118	+0.125%	$20K	$649K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2108	−0.343%	$177K	$2.3M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2056	−2.782%	$1K	$852K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2107	−0.395%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2117	+0.055%	$274K	$793K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2105	−0.489%	$1.7M	$8.9M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2106	−0.431%	$1.6M	$4.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2107	−0.409%	$74K	$4K	3x	as long as short
Phoenix ENAshort	+0.0113%	1h	0.2113	−0.106%	$8K	$274K	10x
Kraken Futures PF_ENAUSD	+0.0173%	1h	0.2108	−0.348%	$2.6M	$4.3M	50x	as long as short
dYdX ENA-USD	+0.0286%	1h	0.2108	−0.348%	$139K	$15K	5x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0306% / S −0.0358%	1h	0.2107	−0.390%	$70K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2107	−0.385%	$5.6M	$3.0M	75x	as long as short
Hyperliquid ENA	+0.0368%	1h	0.2110	−0.248%	$115.0M	$74.0M	10x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2106	−0.427%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0656%	1h	0.2114	−0.083%	$864K	$1.7M	50x	as long as short