ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.031%

Price spread now: Polymarket Perps against Deribit−0.028%7-day average −0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$380.375% of the position

Long on Deribit Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.098%−$10 on $10k

Price spread, last 4 days (all we have)−0.896%−$90 · spread now −0.028%, 7d avg −0.009%

Together, before fees−0.994%−$99 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.009%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.098%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit ENA_USDC-PERPETUAL	0.2108	0	get 0.0000% / 1h	9m 22s	$79K	$1.3M	50x
Short	Polymarket Perps ENA-USD	0.2108	0.0100	get 0.0013% / 1h	9m 22s	$187K	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.028%Rate

Funding earned: $21
Price spread: −0.028% → −0.009%: −$1.93
Slippage, 4 orders: −$22.54
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$18.47
Costs to cover: 0.375%
Break-even: 13.2 days

Slippage from Deribit: live order book, 5 min ago; Polymarket Perps: live order book, 4 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 Deribit live order book, 5 min ago	7.31 bp	10.8 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 4 min ago	2.12 bp	6.1 bp −$6	7.1 bp −$71	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
Orderly PERP_ENA_USDC	−0.0037%	4h	0.2107	−0.047%	$44K	$25K	10x	as long as short
01 Exchange ENAUSD	0.0000%	1h	0.2108	−0.038%	$4K	$302	10x	as long as short
Deribit ENA_USDC-PERPETUALlong	0.0000%	1h	0.2108	long leg	$79K	$1.3M	50x
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2108	+0.003%	$82K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.711%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2108	−0.019%	$55K	$498K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2108	−0.040%	$661K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2110	+0.062%	$113.6M	$71.6M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2109	+0.026%	$1.5M	$2.9M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2108	−0.033%	$412K	$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	0.2107	−0.053%	$129.1M	$417.0M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2108	−0.009%	$86.2M	$175.0M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2109	+0.019%	$20.7M	$102.0M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2112	+0.147%	$19K	$333K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2108	−0.019%	$78K	$275K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2120	+0.550%	$93K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2108	−0.019%	$11.1M	$21.6M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2108	−0.024%	$45.8M	$42.2M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2110	+0.057%	$24.6M	$15.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2107	−0.076%	$48.0M	$57.3M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2108	−0.005%	—	$6.5M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2112	+0.161%	$374K	$362K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2112	+0.192%	$3.4M	$9.9M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2112	+0.166%	$244K	$7.0M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2114	+0.257%	$356K	$4.9M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2119	+0.503%	$22K	$651K	50x	as long as short
Polymarket Perps ENA-USDshort	+0.0100%	1h	0.2108	−0.028%	$187K	$2.3M	10x
SunX ENA-USDT	+0.0100%	4h	0.2057	−2.428%	$1K	$840K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2107	−0.066%	$3K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2111	+0.133%	$276K	$786K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2109	+0.028%	$1.8M	$8.8M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2107	−0.063%	$47K	$110	10x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2108	−0.038%	$1.6M	$4.1M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2108	−0.019%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0150%	1h	0.2119	+0.493%	$8K	$298K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0253% / S −0.0213%	1h	0.2109	+0.026%	$51K	—	100x	as long as short
Kraken Futures PF_ENAUSD	+0.0286%	1h	0.2108	−0.024%	$2.6M	$4.3M	50x	as long as short
Lighter ENA	+0.0288%	1h	0.2110	+0.066%	$5.3M	$13.9M	10x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2107	−0.047%	$5.6M	$3.1M	75x	as long as short
dYdX ENA-USD	+0.0370%	1h	0.2110	+0.057%	$139K	$15K	5x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2107	−0.062%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0664%	1h	0.2115	+0.332%	$832K	$1.5M	50x	as long as short