Funding you earn now, next payment 23:00 UTC+0.0089%/8h= +9.7% APRpaid last 24h +0.010%
Price spread now: Phoenix against edgeX−0.014%7-day average +0.081% · you buy dearer than you sell
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$570.565% of the position
Funding, last 7 days+0.088%+$9 on $10k
+Price spread, last 3 days (all we have)+0.335%+$33 · spread now −0.014%, 7d avg +0.081%
=Together, before fees+0.423%+ Points / potential airdropedgeX: Active · farm board+$42 on $10k · with fees, hour by hour
Funding pays, the price is against you. Phoenix is 0.095% cheaper against edgeX than usual: you would sell low and buy high (spread −0.014% now, against its 7-day average of +0.081%). If the spread goes back, that is −$9 on $10k: about 3.6 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.088% in total) that is about 7.5 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX ENAUSDC | 0.2124 | 0.0100 | pay 0.0050% / 4h | 3h 55m | $246K | $7.5M | 20x |
| Short | Phoenix ENA | 0.2124 | 0.0189 | get 0.0024% / 1h | 55m 16s | $7K | $347K | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against edgeX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $18.59
- Price spread: −0.014% → +0.081%
- −$9.49
- Slippage, 4 orders
- −$40.53
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$47.43
- Costs to cover
- 0.565%
- Break-even
- 24.9 days
Slippage from edgeX: live order book, 4 min ago; Phoenix: live order book, 16 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 edgeX live order book, 4 min ago | 7.06 bp | 11.6 bp −$12 | 13.1 bp −$131 | 43.7 bp −$4,374 | doesn't fit |
| Sell Phoenix live order book, 16 min ago | 1.88 bp | 16.7 bp −$17 | 51.7 bp −$517 | 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 | −0.0122% | 1h | 0.2125 | +0.057% | $378K | $418K | 5x | as long as short |
| dYdX ENA-USD | 0.0000% | 1h | 0.2121 | −0.143% | $140K | $15K | 5x | as long as short |
| Deribit ENA_USDC-PERPETUAL | 0.0000% | 1h | 0.2119 | −0.225% | $94K | $1.7M | 50x | as long as short |
| gTrade (Gains Network) ENA/USD | L +0.0003% / S −0.0003% | 1h | 0.2120 | −0.200% | $104K | — | 150x | as long as short |
| Orderly PERP_ENA_USDC | +0.0015% | 4h | 0.2119 | −0.249% | $41K | $24K | 10x | as long as short |
| Injective ENA/USDC PERP | +0.0033% | 1h | 0.2123 | −0.042% | $522 | $57K | 5.5x | as long as short |
| Popdex ENAUSDT | +0.0096% | 1h | 0.2120 | −0.202% | $63K | $525K | 50x | as long as short |
| Nado ENA-PERP | +0.0100% | 1h | 0.2119 | −0.230% | $681K | $1.8M | 10x | as long as short |
| Aster ENAUSDT | +0.0100% | 4h | 0.2121 | −0.155% | $1.5M | $3.3M | 50x | as long as short |
| Pacifica ENA | +0.0100% | 1h | 0.2120 | −0.207% | $411K | $560K | 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 | 0.2120 | −0.188% | $131.6M | $448.3M | 75x | as long as short |
| Bybit ENAUSDT | +0.0100% | 4h | 0.2120 | −0.221% | $89.2M | $188.5M | 50x | as long as short |
| OKX ENA-USDT-SWAP | +0.0100% | 4h | 0.2119 | −0.230% | $20.6M | $110.1M | 50x | as long as short |
| Ondo Perps ENA-USD.P | +0.0100% | 1h | 0.2124 | +0.010% | $15K | $395K | 5x | as long as short |
| Arcus ENA-USD | +0.0100% | 1h | 0.2121 | −0.155% | $84K | $222K | 10x | as long as short |
| Bulk ENA-USD | +0.0100% | 1h | 0.2126 | +0.081% | $90K | −$0 | 10x | as long as short |
| Gate ENA_USDT | +0.0100% | 4h | 0.2119 | −0.225% | $10.8M | $20.5M | 50x | as long as short |
| MEXC ENA_USDT | +0.0100% | 4h | 0.2120 | −0.183% | $46.3M | $44.0M | 200x | as long as short |
| KuCoin ENAUSDTM | +0.0100% | 4h | 0.2121 | −0.150% | $24.6M | $16.4M | 75x | as long as short |
| Bitget ENAUSDT | +0.0100% | 4h | 0.2118 | −0.296% | $48.1M | $63.0M | 75x | as long as short |
| BingX ENA-USDT | +0.0100% | 4h | 0.2120 | −0.207% | — | $32.6M | — | as long as short |
| Variational Omni ENA | +0.0100% | 4h | 0.2122 | −0.128% | $3.9M | $10.1M | — | as long as short |
| edgeX ENAUSDClong | +0.0100% | 4h | 0.2124 | long leg | $246K | $7.5M | 20x | |
| GRVT ENA_USDT_Perp | +0.0100% | 4h | 0.2124 | −0.014% | $359K | $4.7M | 10x | as long as short |
| ApeX Omni ENAUSDT | +0.0100% | 1h | 0.2124 | −0.014% | $34K | $713K | 50x | as long as short |
| Polymarket Perps ENA-USD | +0.0100% | 1h | 0.2121 | −0.169% | $176K | $2.4M | 10x | as long as short |
| SunX ENA-USDT | +0.0100% | 4h | 0.2070 | −2.551% | $1K | $828K | 20x | as long as short |
| SoDEX ENA-USD | +0.0100% | 1h | 0.2119 | −0.249% | $4K | $11K | 10x | as long as short |
| HTX ENA-USDT | +0.0100% | 4h | 0.2126 | +0.076% | $276K | $1.4M | 50x | as long as short |
| Phemex ENAUSDT | +0.0100% | 4h | 0.2124 | −0.014% | $2.0M | $9.3M | 50x | as long as short |
| Paradex ENA-USD-PERP | +0.0100% | 8h | 0.2119 | −0.236% | $47K | $221 | 10x | as long as short |
| Aevo ENA-PERP | +0.0104% | 1h | 0.2124 | +0.007% | $76K | $3K | 3x | as long as short |
| Phoenix ENAshort | +0.0189% | 1h | 0.2124 | −0.014% | $7K | $347K | 10x | |
| 01 Exchange ENAUSD | +0.0216% | 1h | 0.2120 | −0.188% | $4K | $302 | 10x | as long as short |
| Kraken Futures PF_ENAUSD | +0.0235% | 1h | 0.2121 | −0.139% | $2.7M | $5.2M | 50x | as long as short |
| Extended ENA-USD | +0.0248% | 1h | 0.2118 | −0.289% | $1.6M | $4.2M | 50x | as long as short |
| GMX ENA/USD [ETH-USDC] | L +0.0250% / S −0.0434% | 1h | 0.2120 | −0.200% | $38K | — | 100x | as long as short |
| BloFin ENA-USDT | +0.0340% | 4h | 0.2123 | −0.047% | $5.6M | $4.7M | 75x | as long as short |
| Reya ENARUSDPERP | +0.0412% | 1h | 0.2119 | −0.242% | $1K | $5K | 15x | as long as short |
| Coinbase International ENA-PERP-INTX | +0.0608% | 1h | 0.2127 | +0.146% | $840K | $1.9M | 50x | as long as short |
| Lighter ENA | +0.0624% | 1h | 0.2122 | −0.108% | $5.6M | $12.5M | 10x | as long as short |
| Hyperliquid ENA | +0.0721% | 1h | 0.2123 | −0.051% | $114.5M | $78.4M | 10x | as long as short |
edgeX ENAUSDC
Phoenix ENA
Backpack ENA_USDC_PERP
Deribit ENA_USDC-PERPETUAL
gTrade (Gains Network) ENA/USD
Injective ENA/USDC PERP
Popdex ENAUSDT
Aster ENAUSDT
Pacifica ENA
Binance ENAUSDT
Bybit ENAUSDT
OKX ENA-USDT-SWAP
Bulk ENA-USD
Gate ENA_USDT
MEXC ENA_USDT
KuCoin ENAUSDTM
Bitget ENAUSDT
BingX ENA-USDT
Variational Omni ENA
GRVT ENA_USDT_Perp
ApeX Omni ENAUSDT
Polymarket Perps ENA-USD
SunX ENA-USDT
SoDEX ENA-USD
HTX ENA-USDT
Phemex ENAUSDT
Paradex ENA-USD-PERP
01 Exchange ENAUSD
Kraken Futures PF_ENAUSD
Extended ENA-USD
GMX ENA/USD [ETH-USDC]
BloFin ENA-USDT
Coinbase International ENA-PERP-INTX
Lighter ENA
Hyperliquid ENA