ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0028%/8h= −3.0% APRnext payment −$0.03 per $10,000 · paid last 24h −0.666%

Price spread now: Arcus against dYdX−0.052%7-day average +0.040% · 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−$133as in the Price arb table

costs, in and out, $10k−$1241.236% of the position

Long on dYdX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.961%−$96 on $10k

Price spread, last 4 days (all we have)−0.245%−$24 · spread now −0.052%, 7d avg +0.040%

Together, before fees−1.205%−$121 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Arcus is 0.092% cheaper against dYdX than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.040%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ENA-USD	0.2119	0.0128	pay 0.0016% / 1h	18m 52s	$140K	$15K	5x
Short	Arcus ENA-USD	0.2118	0.0100	get 0.0013% / 1h	18m 52s	$79K	$276K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against dYdX. 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 dYdXbpFee ArcusbpOrdersPrice spread, now −0.052%Rate

Funding earned: −$5.84
Price spread: −0.052% → +0.040%: −$9.23
Slippage, 4 orders: −$109.1
Fee dYdX: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$138.66
Costs to cover: 1.236%
Break-even: never at this rate

Slippage from dYdX: live order book, 40 min ago; Arcus: live order book, 40 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 dYdX live order book, 40 min ago	42.15 bp	51.5 bp −$52	298.7 bp −$2,987	1417.9 bp −$141.8K	1832.1 bp −$916.1K
Sell Arcus live order book, 40 min ago	9.48 bp	12.5 bp −$12	26.6 bp −$266	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
Backpack ENA_USDC_PERP	−0.0161%	1h	0.2118	−0.066%	$363K	$398K	5x	as long as short
Orderly PERP_ENA_USDC	−0.0071%	4h	0.2117	−0.113%	$44K	$25K	10x	as long as short
01 Exchange ENAUSD	−0.0064%	1h	0.2118	−0.052%	$4K	$302	10x	as long as short
Deribit ENA_USDC-PERPETUAL	−0.0033%	1h	0.2117	−0.094%	$79K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2117	−0.086%	$82K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.203%	$522	$57K	5.5x	as long as short
Phoenix ENA	+0.0076%	1h	0.2121	+0.104%	$8K	$266K	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2117	−0.099%	$56K	$475K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2116	−0.129%	$47K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2116	−0.144%	$656K	$1.7M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid ENA	+0.0100%	1h	0.2121	+0.072%	$115.5M	$75.1M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2119	−0.002%	$1.5M	$2.9M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2118	−0.069%	$404K	$517K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2114	−0.236%	$128.7M	$416.5M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2113	−0.297%	$85.3M	$175.3M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2113	−0.269%	$20.8M	$103.4M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2118	−0.047%	$18K	$317K	5x	as long as short
Arcus ENA-USDshort	+0.0100%	1h	0.2118	−0.052%	$79K	$276K	10x
Bulk ENA-USD	+0.0100%	1h	0.2117	−0.123%	$93K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2117	−0.099%	$11.1M	$22.2M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2114	−0.250%	$46.0M	$41.5M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2116	−0.165%	$24.6M	$15.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2111	−0.387%	$48.0M	$57.5M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2116	−0.132%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2118	−0.049%	$3.1M	$10.0M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2118	−0.048%	$245K	$6.9M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2118	−0.058%	$350K	$5.0M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2118	−0.052%	$20K	$647K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2117	−0.094%	$183K	$2.3M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2065	−2.534%	$1K	$849K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2117	−0.099%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2123	+0.179%	$274K	$796K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2117	−0.099%	$1.8M	$8.8M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2113	−0.310%	$1.6M	$4.1M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2118	−0.055%	$74K	$4K	3x	as long as short
Lighter ENA	+0.0120%	1h	0.2120	+0.047%	$5.2M	$13.5M	10x	as long as short
dYdX ENA-USDlong	+0.0128%	1h	0.2119	long leg	$140K	$15K	5x
Kraken Futures PF_ENAUSD	+0.0242%	1h	0.2118	−0.033%	$2.6M	$4.3M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0306% / S −0.0358%	1h	0.2118	−0.074%	$70K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2116	−0.142%	$5.5M	$3.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2116	−0.169%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0632%	1h	0.2127	+0.368%	$869K	$1.7M	50x	as long as short