Funding you earn now, next payment 22:00 UTC+0.1411%/8h= +154.5% APRnext payment +$1.76 per $10,000 · paid last 24h +0.556%
Price spread now: dYdX against Coinbase International−0.265%7-day average −0.176% · you buy dearer than you sell
Net, funding: paid 7d − costs−$384as in the Funding arb table
Net, price: spread back to 7d avg − costs−$450as in the Price arb table
costs, in and out, $10k−$4414.410% of the position
Funding, last 7 days+0.565%+$57 on $10k
+Price spread, last 3 days (all we have)+0.053%+$5 · spread now −0.265%, 7d avg −0.176%
=Funding pays, the price is against you. dYdX is 0.089% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.265% now, against its 7-day average of −0.176%). If the spread goes back, that is −$9 on $10k: about 5 hours of funding at the current rate (+$42 a day). At the pace of the last 7 days (+0.565% in total) that is about 26 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.565% in total (about 29.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.76 per $10,000. 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 | 0.2112 | 0.0576 | pay 0.0072% / 1h | 6m 58s | $834K | $2.1M | 50x |
| Short | dYdX ENA-USD | 0.2107 | 0.1987 | get 0.0248% / 1h | 6m 58s | $139K | $15K | 5x |
Coinbase International ENA-PERP-INTX
dYdX ENA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- $296.33
- Price spread: −0.265% → −0.176%
- −$8.88
- Slippage, 4 orders
- −$420.98
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$153.52
- Costs to cover
- 4.410%
- Break-even
- 10.6 days
Slippage from Coinbase International: live order book, 2 min ago; dYdX: live order book, 12 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, 2 min ago | 9.96 bp | 20.0 bp −$20 | 31.4 bp −$314 | doesn't fit | doesn't fit |
| Sell dYdX live order book, 12 min ago | 76.39 bp | 107.8 bp −$108 | 705.2 bp −$7,052 | 1435.1 bp −$143.5K | 1910.6 bp −$955.3K |
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 | −0.0039% | 4h | 0.2109 | −0.161% | $41K | $24K | 10x | as long as short |
| Backpack ENA_USDC_PERP | −0.0009% | 1h | 0.2111 | −0.076% | $373K | $447K | 5x | as long as short |
| Deribit ENA_USDC-PERPETUAL | 0.0000% | 1h | 0.2110 | −0.104% | $92K | $1.8M | 50x | as long as short |
| gTrade (Gains Network) ENA/USD | L +0.0003% / S −0.0003% | 1h | 0.2109 | −0.134% | $101K | — | 150x | as long as short |
| Injective ENA/USDC PERP | +0.0033% | 1h | 0.2123 | +0.525% | $522 | $57K | 5.5x | as long as short |
| Kraken Futures PF_ENAUSD | +0.0066% | 1h | 0.2111 | −0.065% | $2.7M | $5.5M | 50x | as long as short |
| Popdex ENAUSDT | +0.0096% | 1h | 0.2108 | −0.204% | $62K | $531K | 50x | as long as short |
| Paradex ENA-USD-PERP | +0.0100% | 8h | 0.2106 | −0.291% | $47K | $221 | 10x | as long as short |
| Nado ENA-PERP | +0.0100% | 1h | 0.2108 | −0.211% | $663K | $1.8M | 10x | as long as short |
| Aster ENAUSDT | +0.0100% | 4h | 0.2109 | −0.153% | $1.5M | $3.3M | 50x | as long as short |
Orderly PERP_ENA_USDC
Backpack ENA_USDC_PERP
Deribit ENA_USDC-PERPETUAL
gTrade (Gains Network) ENA/USD
Injective ENA/USDC PERP
Kraken Futures PF_ENAUSD
Popdex ENAUSDT
Paradex ENA-USD-PERP
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 | 0.2107 | −0.253% | $408K | $575K | 10x | as long as short |
| Binance ENAUSDT | +0.0100% | 4h | 0.2110 | −0.085% | $130.2M | $454.9M | 75x | as long as short |
| Bybit ENAUSDT | +0.0100% | 4h | 0.2110 | −0.128% | $88.0M | $190.6M | 50x | as long as short |
| OKX ENA-USDT-SWAP | +0.0100% | 4h | 0.2110 | −0.095% | $20.4M | $111.7M | 50x | as long as short |
| Ondo Perps ENA-USD.P | +0.0100% | 1h | 0.2099 | −0.649% | $15K | $397K | 5x | as long as short |
| Arcus ENA-USD | +0.0100% | 1h | 0.2108 | −0.204% | $82K | $220K | 10x | as long as short |
| Bulk ENA-USD | +0.0100% | 1h | 0.2099 | −0.617% | $89K | $500 | 10x | as long as short |
| Gate ENA_USDT | +0.0100% | 4h | 0.2110 | −0.118% | $10.6M | $21.4M | 50x | as long as short |
| MEXC ENA_USDT | +0.0100% | 4h | 0.2110 | −0.109% | $46.8M | $47.1M | 200x | as long as short |
| KuCoin ENAUSDTM | +0.0100% | 4h | 0.2110 | −0.114% | $24.0M | $16.3M | 75x | as long as short |
| Bitget ENAUSDT | +0.0100% | 4h | 0.2109 | −0.156% | $47.7M | $64.7M | 75x | as long as short |
| BingX ENA-USDC | +0.0100% | 4h | 0.2110 | −0.099% | — | $6.5M | — | as long as short |
| Variational Omni ENA | +0.0100% | 4h | 0.2097 | −0.716% | $3.8M | $10.3M | — | as long as short |
| edgeX ENAUSDC | +0.0100% | 4h | 0.2098 | −0.683% | $249K | $7.7M | 20x | as long as short |
| GRVT ENA_USDT_Perp | +0.0100% | 4h | 0.2105 | −0.327% | $358K | $4.6M | 10x | as long as short |
| ApeX Omni ENAUSDT | +0.0100% | 1h | 0.2107 | −0.251% | $32K | $712K | 50x | as long as short |
| Polymarket Perps ENA-USD | +0.0100% | 1h | 0.2110 | −0.128% | $177K | $2.6M | 10x | as long as short |
| SunX ENA-USDT | +0.0100% | 4h | 0.2059 | −2.538% | $1K | $817K | 20x | as long as short |
| SoDEX ENA-USD | +0.0100% | 1h | 0.2110 | −0.109% | $4K | $14K | 10x | as long as short |
| HTX ENA-USDT | +0.0100% | 4h | 0.2112 | −0.038% | $274K | $1.5M | 50x | as long as short |
| Phemex ENAUSDT | +0.0100% | 4h | 0.2109 | −0.156% | $2.0M | $9.1M | 50x | as long as short |
| Aevo ENA-PERP | +0.0104% | 1h | 0.2109 | −0.170% | $77K | $11K | 3x | as long as short |
| Phoenix ENA | +0.0115% | 1h | 0.2098 | −0.658% | $5K | $356K | 10x | as long as short |
| 01 Exchange ENAUSD | +0.0144% | 1h | 0.2109 | −0.156% | $4K | $312 | 10x | as long as short |
| GMX ENA/USD [ETH-USDC] | L +0.0247% / S −0.0427% | 1h | 0.2109 | −0.146% | $38K | — | 100x | as long as short |
| BloFin ENA-USDT | +0.0340% | 4h | 0.2110 | −0.095% | $5.5M | $8.1M | 75x | as long as short |
| Extended ENA-USD | +0.0352% | 1h | 0.2109 | −0.148% | $1.6M | $4.1M | 50x | as long as short |
| Reya ENARUSDPERP | +0.0412% | 1h | 0.2109 | −0.158% | $1K | $5K | 15x | as long as short |
| Lighter ENA | +0.0560% | 1h | 0.2113 | +0.014% | $5.6M | $12.9M | 10x | as long as short |
| Coinbase International ENA-PERP-INTXlong | +0.0576% | 1h | 0.2112 | long leg | $834K | $2.1M | 50x | |
| Hyperliquid ENA | +0.0587% | 1h | 0.2113 | +0.014% | $111.6M | $78.5M | 10x | as long as short |
| dYdX ENA-USDshort | +0.1987% | 1h | 0.2107 | −0.265% | $139K | $15K | 5x |
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
Aevo ENA-PERP
Phoenix ENA
01 Exchange ENAUSD
GMX ENA/USD [ETH-USDC]
BloFin ENA-USDT
Extended ENA-USD
Reya ENARUSDPERP
Lighter ENA
Hyperliquid ENA