ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0043%/8h= −4.7% APRnext payment −$0.05 per $10,000 · paid last 24h −0.666%

Price spread now: Polymarket Perps against dYdX+0.061%7-day average +0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs−$241as in the Funding arb table

Net, price: spread back to 7d avg − costs−$114as in the Price arb table

costs, in and out, $10k−$1131.133% of the position

Long on dYdX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−1.279%−$128 on $10k

Price spread, last 4 days (all we have)+0.387%+$39 · spread now +0.061%, 7d avg +0.070%

Together, before fees−0.892%−$89 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.070%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ENA-USD	0.2117	0.0143	pay 0.0018% / 1h	17m 12s	$140K	$15K	5x
Short	Polymarket Perps ENA-USD	0.2118	0.0100	get 0.0013% / 1h	17m 12s	$183K	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.061%Rate

Funding earned: −$9.1
Price spread: +0.061% → +0.070%: −$0.95
Slippage, 4 orders: −$95.29
Fee dYdX: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$123.34
Costs to cover: 1.133%
Break-even: never at this rate

Slippage from dYdX: live order book, 42 min ago; Polymarket Perps: live order book, 2 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, 42 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 Polymarket Perps live order book, 2 min ago	3.31 bp	7.3 bp −$7	8.0 bp −$80	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	−0.0155%	1h	0.2119	+0.065%	$363K	$398K	5x	as long as short
Orderly PERP_ENA_USDC	−0.0070%	4h	0.2117	+0.013%	$44K	$25K	10x	as long as short
01 Exchange ENAUSD	−0.0056%	1h	0.2119	+0.065%	$4K	$302	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2118	+0.037%	$79K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2118	+0.042%	$82K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.297%	$522	$57K	5.5x	as long as short
Phoenix ENA	+0.0076%	1h	0.2119	+0.089%	$8K	$266K	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2118	+0.042%	$56K	$475K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2117	−0.020%	$47K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2118	+0.023%	$657K	$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
Aster ENAUSDT	+0.0100%	4h	0.2119	+0.083%	$1.5M	$2.9M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2117	+0.017%	$404K	$517K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2118	+0.062%	$129.1M	$416.3M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2117	+0.018%	$85.4M	$175.2M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2118	+0.061%	$20.8M	$103.7M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2117	+0.018%	$18K	$317K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2118	+0.042%	$79K	$276K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2117	−0.029%	$93K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2118	+0.037%	$11.1M	$22.2M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2118	+0.056%	$46.2M	$41.5M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2119	+0.070%	$24.6M	$15.5M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2116	−0.062%	$48.1M	$57.5M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2117	−0.001%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2118	+0.044%	$3.1M	$10.0M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2117	+0.016%	$245K	$6.9M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2117	+0.004%	$350K	$5.0M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2119	+0.089%	$20K	$649K	50x	as long as short
Polymarket Perps ENA-USDshort	+0.0100%	1h	0.2118	+0.061%	$183K	$2.3M	10x
SunX ENA-USDT	+0.0100%	4h	0.2067	−2.381%	$2K	$848K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2118	+0.042%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2120	+0.146%	$274K	$796K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2118	+0.042%	$1.8M	$8.8M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2117	+0.013%	$1.6M	$4.1M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2118	+0.042%	$74K	$4K	3x	as long as short
Hyperliquid ENA	+0.0104%	1h	0.2120	+0.122%	$115.5M	$75.1M	10x	as long as short
dYdX ENA-USDlong	+0.0143%	1h	0.2117	long leg	$140K	$15K	5x
Lighter ENA	+0.0152%	1h	0.2121	+0.169%	$5.2M	$13.5M	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0242%	1h	0.2119	+0.104%	$2.6M	$4.3M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0306% / S −0.0358%	1h	0.2118	+0.035%	$70K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2117	+0.013%	$5.6M	$3.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2117	−0.006%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0632%	1h	0.2127	+0.462%	$869K	$1.7M	50x	as long as short