ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0296%/8h= +32.4% APRnext payment +$0.37 per $10,000 · paid last 24h +0.171%

Price spread now: Lighter against Deribit+0.009%7-day average +0.075% · you sell dearer than you buy

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

Long on Deribit Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.589%+$59 on $10k

Price spread, last 4 days (all we have)−0.711%−$71 · spread now +0.009%, 7d avg +0.075%

Together, before fees−0.123%+ Points / potential airdropLighter: Season 3 · farm board−$12 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.065% cheaper against Deribit than usual: you would sell low and buy high (spread +0.009% now, against its 7-day average of +0.075%). If the spread goes back, that is −$7 on $10k: about 18 hours of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit ENA_USDC-PERPETUAL	0.2105	0	get 0.0000% / 1h	8m 10s	$78K	$1.3M	50x
Short	Lighter ENA	0.2106	0.0296	get 0.0037% / 1h	8m 10s	$5.3M	$13.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Deribit. 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 DeribitbpFee LighterbpOrdersPrice spread, now +0.009%Rate

Funding earned: $62.16
Price spread: +0.009% → +0.075%: −$6.53
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: $48.63
Costs to cover: 0.070%
Break-even: 1.5 days

Slippage unknown: Deribit: live order book, 1 min ago; Lighter: live order book, 5 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 Deribit live order book, 1 min ago	4.75 bp	8.3 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 5 min ago	0.24 bp	2.3 bp −$2	5.0 bp −$50	258.9 bp −$25.9K	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
Orderly PERP_ENA_USDC	−0.0039%	4h	0.2104	−0.081%	$44K	$25K	10x	as long as short
01 Exchange ENAUSD	−0.0008%	1h	0.2103	−0.128%	$4K	$302	10x	as long as short
Deribit ENA_USDC-PERPETUALlong	0.0000%	1h	0.2105	long leg	$78K	$1.3M	50x
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2106	+0.028%	$82K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.855%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2104	−0.066%	$55K	$498K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2104	−0.078%	$660K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2106	+0.033%	$113.4M	$71.6M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2105	−0.002%	$1.5M	$2.9M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2105	−0.039%	$411K	$501K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ENAUSDT	+0.0100%	4h	0.2104	−0.067%	$128.7M	$415.3M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2103	−0.104%	$86.0M	$174.5M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2104	−0.090%	$20.7M	$101.7M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2112	+0.290%	$19K	$333K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2104	−0.066%	$78K	$275K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2120	+0.693%	$93K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2105	0.000%	$11.0M	$21.6M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2104	−0.076%	$45.7M	$42.3M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2105	−0.005%	$24.5M	$15.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2104	−0.076%	$47.9M	$57.2M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2106	+0.014%	—	$32.3M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2108	+0.104%	$373K	$360K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2112	+0.334%	$3.4M	$9.9M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2112	+0.309%	$244K	$7.0M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2114	+0.400%	$356K	$4.9M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2119	+0.646%	$22K	$651K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2105	−0.009%	$187K	$2.3M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2053	−2.484%	$936	$838K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2104	−0.066%	$3K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2108	+0.119%	$272K	$786K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2104	−0.066%	$1.8M	$8.8M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2104	−0.050%	$47K	$110	10x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2104	−0.088%	$1.6M	$4.1M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2104	−0.074%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0150%	1h	0.2119	+0.636%	$8K	$298K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0253% / S −0.0213%	1h	0.2106	+0.018%	$51K	—	100x	as long as short
Kraken Futures PF_ENAUSD	+0.0286%	1h	0.2105	+0.005%	$2.6M	$4.2M	50x	as long as short
Lighter ENAshort	+0.0296%	1h	0.2106	+0.009%	$5.3M	$13.9M	10x
BloFin ENA-USDT	+0.0340%	4h	0.2107	+0.095%	$5.6M	$3.1M	75x	as long as short
dYdX ENA-USD	+0.0379%	1h	0.2105	−0.019%	$139K	$15K	5x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2105	−0.030%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0664%	1h	0.2115	+0.475%	$832K	$1.5M	50x	as long as short