ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0063%/8h= −6.8% APRnext payment −$0.31 per $10,000 · paid last 24h −0.044%

Price spread now: Orderly against Bybit+0.119%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 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

The price spread pays, funding is against you. Orderly is 0.119% dearer against Bybit than usual: you sell high and buy low (spread +0.119% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ENAUSDT	0.2108	0.0100	pay 0.0050% / 4h	2h 45m	$86.3M	$186.8M	50x
Short	Orderly PERP_ENA_USDC	0.2110	0.0037	get 0.0019% / 4h	2h 45m	$41K	$23K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Bybit. 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 BybitbpFee OrderlybpOrdersPrice spread, now +0.119%Rate

Funding earned: −$13.13
Price spread: +0.119% → 0.000%: $11.86
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$18.27
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 3 min ago; Orderly: 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 Bybit live order book, 3 min ago	0.23 bp	10.5 bp −$11	19.0 bp −$190	73.5 bp −$7,350	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2111	+0.133%	$79K	$1.6M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2109	+0.079%	$90K	—	150x	as long as short
01 Exchange ENAUSD	+0.0032%	1h	0.2108	−0.009%	$4K	$302	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.740%	$522	$57K	5.5x	as long as short
dYdX ENA-USD	+0.0036%	1h	0.2108	+0.020%	$139K	$15K	5x	as long as short
Orderly PERP_ENA_USDCshort	+0.0037%	4h	0.2110	+0.119%	$41K	$23K	10x
Lighter ENA	+0.0096%	1h	0.2108	+0.024%	$5.5M	$13.6M	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2106	−0.085%	$53K	$526K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2109	+0.038%	$695K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2107	−0.036%	$1.5M	$3.3M	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	0.2108	−0.005%	$413K	$548K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2108	−0.009%	$131.1M	$445.2M	75x	as long as short
Bybit ENAUSDTlong	+0.0100%	4h	0.2108	long leg	$86.3M	$186.8M	50x
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2109	+0.043%	$20.9M	$108.4M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2111	+0.147%	$16K	$405K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2109	+0.057%	$115K	$253K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2107	−0.019%	$10.9M	$20.8M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2108	+0.009%	$44.4M	$43.6M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2108	−0.005%	$24.3M	$16.4M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2107	−0.062%	$47.7M	$61.2M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2108	0.000%	—	$32.7M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2111	+0.138%	$365K	$383K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2109	+0.060%	$3.8M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2116	+0.404%	$242K	$7.6M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2130	+1.053%	$360K	$4.8M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2131	+1.101%	$32K	$691K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2110	+0.085%	$178K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2059	−2.315%	$1K	$845K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2110	+0.104%	$3K	$10K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2117	+0.417%	$274K	$1.0M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2111	+0.152%	$1.9M	$9.4M	50x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2117	+0.425%	$93K	$4K	10x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2106	−0.091%	$47K	$110	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2111	+0.138%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0188%	1h	0.2127	+0.911%	$7K	$351K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0250% / S −0.0206%	1h	0.2110	+0.094%	$50K	—	100x	as long as short
Kraken Futures PF_ENAUSD	+0.0253%	1h	0.2112	+0.190%	$2.6M	$4.9M	50x	as long as short
Extended ENA-USD	+0.0296%	1h	0.2107	−0.059%	$1.6M	$4.2M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2132	+1.167%	$5.7M	$2.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2109	+0.037%	$1K	$5K	15x	as long as short
Hyperliquid ENA	+0.0439%	1h	0.2108	+0.019%	$113.5M	$74.4M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0648%	1h	0.2111	+0.147%	$829K	$1.7M	50x	as long as short