ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0552%/8h= −60.4% APRnext payment −$0.69 per $10,000 · paid last 24h −0.138%

Price spread now: Popdex against Coinbase International−0.265%7-day average −0.164% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$78as in the Price arb table

costs, in and out, $10k−$680.679% of the position

Long on Coinbase International Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.378%−$38 on $10k

Price spread, last 3 days (all we have)+0.233%+$23 · spread now −0.265%, 7d avg −0.164%

Together, before fees−0.145%−$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Popdex is 0.102% cheaper against Coinbase International than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.164%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ENA-PERP-INTX	0.2110	0.0648	pay 0.0081% / 1h	41m 20s	$827K	$1.7M	50x
Short	Popdex ENAUSDT	0.2104	0.0096	get 0.0012% / 1h	41m 20s	$53K	$524K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 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 Coinbase InternationalbpFee PopdexbpOrdersPrice spread, now −0.265%Rate

Funding earned: −$115.92
Price spread: −0.265% → −0.164%: −$10.17
Slippage, 4 orders: −$51.51
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$194
Costs to cover: 0.679%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 2 min ago; Popdex: live order book, 28 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	10.64 bp	23.1 bp −$23	26.1 bp −$261	doesn't fit	doesn't fit
Sell Popdex live order book, 28 min ago	2.54 bp	16.2 bp −$16	95.2 bp −$952	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
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2104	−0.270%	$78K	$1.6M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2103	−0.307%	$90K	—	150x	as long as short
dYdX ENA-USD	+0.0028%	1h	0.2106	−0.187%	$139K	$15K	5x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.654%	$522	$57K	5.5x	as long as short
Orderly PERP_ENA_USDC	+0.0037%	4h	0.2103	−0.332%	$41K	$23K	10x	as long as short
01 Exchange ENAUSD	+0.0040%	1h	0.2105	−0.209%	$4K	$302	10x	as long as short
Backpack ENA_USDC_PERP	+0.0042%	1h	0.2105	−0.194%	$364K	$383K	5x	as long as short
Popdex ENAUSDTshort	+0.0096%	1h	0.2104	−0.265%	$53K	$524K	50x
Nado ENA-PERP	+0.0100%	1h	0.2105	−0.237%	$698K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2105	−0.227%	$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	0.2104	−0.252%	$412K	$548K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2104	−0.286%	$130.9M	$444.6M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2102	−0.337%	$86.0M	$186.7M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2104	−0.275%	$20.9M	$107.7M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2107	−0.114%	$16K	$404K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2107	−0.123%	$115K	$253K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2103	−0.318%	$10.9M	$21.1M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2104	−0.261%	$44.7M	$43.8M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2106	−0.190%	$24.3M	$16.4M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2102	−0.337%	$47.8M	$61.3M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2103	−0.299%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2102	−0.340%	$3.8M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2111	+0.090%	$242K	$7.5M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2108	−0.076%	$357K	$4.8M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2111	+0.066%	$32K	$691K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2105	−0.232%	$178K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2053	−2.669%	$1K	$846K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2104	−0.265%	$3K	$10K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2106	−0.166%	$273K	$1.0M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2101	−0.408%	$1.9M	$9.3M	50x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2117	+0.340%	$93K	$4K	10x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2104	−0.255%	$47K	$110	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2103	−0.324%	$74K	$4K	3x	as long as short
Lighter ENA	+0.0184%	1h	0.2106	−0.190%	$5.5M	$13.6M	10x	as long as short
Phoenix ENA	+0.0188%	1h	0.2105	−0.237%	$7K	$351K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0250% / S −0.0206%	1h	0.2103	−0.323%	$50K	—	100x	as long as short
Kraken Futures PF_ENAUSD	+0.0253%	1h	0.2105	−0.218%	$2.6M	$4.9M	50x	as long as short
Extended ENA-USD	+0.0288%	1h	0.2103	−0.323%	$1.6M	$4.1M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2132	+1.081%	$5.7M	$2.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2103	−0.321%	$1K	$5K	15x	as long as short
Hyperliquid ENA	+0.0436%	1h	0.2106	−0.161%	$113.5M	$74.5M	10x	as long as short
Coinbase International ENA-PERP-INTXlong	+0.0648%	1h	0.2110	long leg	$827K	$1.7M	50x