Funding you earn now, next payment 01:00 UTC−0.0308%/8h= −33.7% APRpaid last 24h −0.065%
Price spread now: BloFin against Coinbase International+1.316%418s7-day average −0.070% · you sell dearer than you buy
Net, funding: paid 7d − costs−$67as 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−$650.651% of the position
Funding, last 7 days−0.022%−$2 on $10k
+Price spread, last 3 days (all we have)−1.239%−$124 · spread now +1.316%, 7d avg −0.070%
=The price spread pays, funding is against you. BloFin is 1.387% dearer against Coinbase International than usual: you sell high and buy low (spread +1.316% now, against its 7-day average of −0.070%): +$139 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 15 days. At the pace of the last 7 days (−0.022% in total) that is about 15 months. The two prices were read 418 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 -0.022% in total (about -1.2% 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 | Coinbase International ENA-PERP-INTX | 0.2105 | 0.0648 | pay 0.0081% / 1h | 42m 17s | $825K | $1.7M | 50x |
| Short | BloFin ENA-USDT | 0.2132 | 0.0340 | get 0.0170% / 4h | 2h 42m | $5.7M | $2.0M | 75x |
Coinbase International ENA-PERP-INTX
BloFin ENA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Coinbase International. 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
- −$64.68
- Price spread: +1.316% → −0.070%
- $138.66
- Slippage, 4 orders
- −$43.1
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $8.88
- Costs to cover
- 0.651%
- Break-even
- from the start
Slippage from Coinbase International: live order book, 1 min ago; BloFin: 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 Coinbase International live order book, 1 min ago | 10.64 bp | 23.1 bp −$23 | 26.1 bp −$261 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 6 min ago | 0.95 bp | 11.8 bp −$12 | 18.6 bp −$186 | 65.6 bp −$6,558 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ENA_USDC-PERPETUAL | 0.0000% | 1h | 0.2104 | −0.014% | $78K | $1.6M | 50x | as long as short |
| gTrade (Gains Network) ENA/USD | L +0.0004% / S −0.0004% | 1h | 0.2102 | −0.105% | $90K | — | 150x | as long as short |
| dYdX ENA-USD | +0.0030% | 1h | 0.2104 | −0.041% | $139K | $15K | 5x | as long as short |
| Injective ENA/USDC PERP | +0.0033% | 1h | 0.2123 | +0.888% | $522 | $57K | 5.5x | as long as short |
| Orderly PERP_ENA_USDC | +0.0037% | 4h | 0.2104 | −0.052% | $41K | $23K | 10x | as long as short |
| 01 Exchange ENAUSD | +0.0040% | 1h | 0.2104 | −0.038% | $4K | $302 | 10x | as long as short |
| Backpack ENA_USDC_PERP | +0.0042% | 1h | 0.2105 | +0.038% | $364K | $383K | 5x | as long as short |
| Popdex ENAUSDT | +0.0096% | 1h | 0.2103 | −0.081% | $53K | $525K | 50x | as long as short |
| Nado ENA-PERP | +0.0100% | 1h | 0.2102 | −0.114% | $698K | $1.8M | 10x | as long as short |
| Aster ENAUSDT | +0.0100% | 4h | 0.2105 | −0.001% | $1.5M | $3.3M | 50x | as long as short |
Deribit ENA_USDC-PERPETUAL
gTrade (Gains Network) ENA/USD
dYdX ENA-USD
Injective ENA/USDC PERP
Orderly PERP_ENA_USDC
01 Exchange ENAUSD
Backpack ENA_USDC_PERP
Popdex ENAUSDT
Nado ENA-PERP
Aster ENAUSDTShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica ENA | +0.0100% | 1h | 0.2103 | −0.069% | $412K | $548K | 10x | as long as short |
| Binance ENAUSDT | +0.0100% | 4h | 0.2104 | −0.054% | $130.9M | $445.0M | 75x | as long as short |
| Bybit ENAUSDT | +0.0100% | 4h | 0.2104 | −0.010% | $86.0M | $186.8M | 50x | as long as short |
| OKX ENA-USDT-SWAP | +0.0100% | 4h | 0.2106 | +0.048% | $20.9M | $108.0M | 50x | as long as short |
| Ondo Perps ENA-USD.P | +0.0100% | 1h | 0.2111 | +0.295% | $16K | $405K | 5x | as long as short |
| Arcus ENA-USD | +0.0100% | 1h | 0.2104 | −0.033% | $114K | $253K | 10x | as long as short |
| Gate ENA_USDT | +0.0100% | 4h | 0.2103 | −0.076% | $10.9M | $21.1M | 50x | as long as short |
| MEXC ENA_USDT | +0.0100% | 4h | 0.2105 | +0.010% | $44.7M | $43.8M | 200x | as long as short |
| KuCoin ENAUSDTM | +0.0100% | 4h | 0.2105 | −0.005% | $24.3M | $16.4M | 75x | as long as short |
| Bitget ENAUSDT | +0.0100% | 4h | 0.2104 | −0.038% | $47.8M | $61.3M | 75x | as long as short |
| BingX ENA-USDT | +0.0100% | 4h | 0.2105 | +0.010% | — | $32.7M | — | as long as short |
| Variational Omni ENA | +0.0100% | 4h | 0.2109 | +0.208% | $3.8M | $10.1M | — | as long as short |
| edgeX ENAUSDC | +0.0100% | 4h | 0.2116 | +0.552% | $242K | $7.6M | 20x | as long as short |
| GRVT ENA_USDT_Perp | +0.0100% | 4h | 0.2108 | +0.156% | $357K | $4.8M | 10x | as long as short |
| ApeX Omni ENAUSDT | +0.0100% | 1h | 0.2116 | +0.537% | $32K | $691K | 50x | as long as short |
| Polymarket Perps ENA-USD | +0.0100% | 1h | 0.2104 | −0.024% | $178K | $2.4M | 10x | as long as short |
| SunX ENA-USDT | +0.0100% | 4h | 0.2053 | −2.475% | $1K | $846K | 20x | as long as short |
| SoDEX ENA-USD | +0.0100% | 1h | 0.2104 | −0.033% | $3K | $10K | 10x | as long as short |
| HTX ENA-USDT | +0.0100% | 4h | 0.2105 | +0.029% | $272K | $1.0M | 50x | as long as short |
| Phemex ENAUSDT | +0.0100% | 4h | 0.2104 | −0.033% | $1.9M | $9.3M | 50x | as long as short |
| Bulk ENA-USD | +0.0100% | 1h | 0.2117 | +0.573% | $93K | $4K | 10x | as long as short |
| Paradex ENA-USD-PERP | +0.0100% | 8h | 0.2103 | −0.084% | $47K | $110 | 10x | as long as short |
| Aevo ENA-PERP | +0.0104% | 1h | 0.2104 | −0.046% | $74K | $4K | 3x | as long as short |
| Lighter ENA | +0.0184% | 1h | 0.2106 | +0.067% | $5.5M | $13.6M | 10x | as long as short |
| Phoenix ENA | +0.0188% | 1h | 0.2117 | +0.575% | $7K | $351K | 10x | as long as short |
| GMX ENA/USD [ETH-USDC] | L +0.0250% / S −0.0206% | 1h | 0.2102 | −0.115% | $50K | — | 100x | as long as short |
| Kraken Futures PF_ENAUSD | +0.0253% | 1h | 0.2105 | +0.008% | $2.6M | $4.9M | 50x | as long as short |
| Extended ENA-USD | +0.0288% | 1h | 0.2104 | −0.046% | $1.6M | $4.2M | 50x | as long as short |
| BloFin ENA-USDTshort | +0.0340% | 4h | 0.2132 | +1.316% | $5.7M | $2.0M | 75x | |
| Reya ENARUSDPERP | +0.0412% | 1h | 0.2104 | −0.049% | $1K | $5K | 15x | as long as short |
| Hyperliquid ENA | +0.0425% | 1h | 0.2107 | +0.100% | $113.5M | $74.5M | 10x | as long as short |
| Coinbase International ENA-PERP-INTXlong | +0.0648% | 1h | 0.2105 | long leg | $825K | $1.7M | 50x |
Pacifica ENA
Binance ENAUSDT
Bybit ENAUSDT
OKX ENA-USDT-SWAP
Ondo Perps ENA-USD.P
Arcus ENA-USD
Gate ENA_USDT
MEXC ENA_USDT
KuCoin ENAUSDTM
Bitget ENAUSDT
BingX ENA-USDT
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
Bulk ENA-USD
Paradex ENA-USD-PERP
Aevo ENA-PERP
Lighter ENA
Phoenix ENA
GMX ENA/USD [ETH-USDC]
Kraken Futures PF_ENAUSD
Extended ENA-USD
Reya ENARUSDPERP
Hyperliquid ENA