ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.1350%/8h= −147.8% APRnext payment −$1.69 per $10,000 · paid last 24h −0.606%

Price spread now: Hyperliquid against dYdX+0.127%7-day average +0.113% · you sell dearer than you buy

Net, funding: paid 7d − costs−$845as in the Funding arb table

Net, price: spread back to 7d avg − costs−$765as in the Price arb table

costs, in and out, $10k−$7667.665% of the position

Long on dYdX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.782%−$78 on $10k

Price spread, last 4 days (all we have)−0.002%$0 · spread now +0.127%, 7d avg +0.113%

Together, before fees−0.784%+ Points / potential airdropHyperliquid: Season 2 · farm board−$78 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.113%, so right now this pair is about funding alone: −$41 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.782% in total (about -40.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.69 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	dYdX ENA-USD	0.2089	0.1918	pay 0.0240% / 1h	30m 22s	$138K	$15K	5x
Short	Hyperliquid ENA	0.2092	0.0568	get 0.0071% / 1h	30m 22s	$110.5M	$79.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.127%Rate

Funding earned: −$283.52
Price spread: +0.127% → +0.113%: $1.43
Slippage, 4 orders: −$747.48
Fee dYdX: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$1,048.57
Costs to cover: 7.665%
Break-even: never at this rate

Slippage from dYdX: live order book, 54 min ago; Hyperliquid: 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 dYdX live order book, 54 min ago	74.05 bp	249.8 bp −$250	475.0 bp −$4,750	648.8 bp −$64.9K	1405.5 bp −$702.8K
Sell Hyperliquid live order book, 4 min ago	0.24 bp	8.8 bp −$9	doesn't fit	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	−0.0079%	1h	0.2090	+0.041%	$361K	$461K	5x	as long as short
Orderly PERP_ENA_USDC	−0.0062%	4h	0.2088	−0.060%	$40K	$24K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2088	−0.026%	$92K	$1.8M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2089	−0.009%	$96K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+1.654%	$522	$57K	5.5x	as long as short
Kraken Futures PF_ENAUSD	+0.0066%	1h	0.2090	+0.035%	$2.6M	$5.6M	50x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2088	−0.041%	$61K	$537K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2088	−0.059%	$47K	$221	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2089	+0.002%	$657K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2090	+0.055%	$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	0.2090	+0.044%	$404K	$581K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2089	−0.005%	$128.7M	$457.5M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2087	−0.065%	$86.8M	$191.2M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2088	−0.022%	$20.1M	$111.7M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2091	+0.098%	$15K	$405K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2090	+0.055%	$82K	$222K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2088	−0.017%	$88K	$500	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2088	−0.026%	$10.4M	$21.3M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2088	−0.031%	$45.1M	$46.8M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2090	+0.060%	$23.8M	$16.5M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2087	−0.103%	$47.2M	$65.2M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2088	−0.022%	—	$32.9M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2090	+0.040%	$3.8M	$10.3M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2095	+0.297%	$249K	$7.8M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2093	+0.191%	$353K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2095	+0.294%	$32K	$712K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2089	−0.002%	$183K	$2.7M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2041	−2.310%	$1K	$814K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2088	−0.041%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2093	+0.218%	$271K	$1.5M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2088	−0.041%	$1.9M	$9.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2089	−0.017%	$77K	$11K	3x	as long as short
01 Exchange ENAUSD	+0.0112%	1h	0.2090	+0.046%	$4K	$432	10x	as long as short
Phoenix ENA	+0.0115%	1h	0.2096	+0.352%	$5K	$356K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0232% / S −0.0392%	1h	0.2088	−0.022%	$38K	—	100x	as long as short
Extended ENA-USD	+0.0288%	1h	0.2088	−0.020%	$1.6M	$4.2M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2089	+0.026%	$5.5M	$8.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2088	−0.063%	$1K	$5K	15x	as long as short
Lighter ENA	+0.0512%	1h	0.2092	+0.151%	$5.6M	$12.9M	10x	as long as short
Hyperliquid ENAshort	+0.0568%	1h	0.2092	+0.127%	$110.5M	$79.6M	10x
Coinbase International ENA-PERP-INTX	+0.0576%	1h	0.2092	+0.151%	$804K	$2.1M	50x	as long as short
dYdX ENA-USDlong	+0.1918%	1h	0.2089	long leg	$138K	$15K	5x