Funding you earn now, next payment 05:00 UTC+0.0053%/8h= +5.8% APRpaid last 24h +0.001%
Price spread now: Phoenix against edgeX+0.167%115s7-day average +0.083% · you sell dearer than you buy
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$560.564% of the position
Funding, last 7 days+0.101%+$10 on $10k
+Price spread, last 4 days (all we have)+0.154%+$15 · spread now +0.167%, 7d avg +0.083%
=Together, before fees+0.254%+ Points / potential airdropedgeX: Active · farm board+$25 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Phoenix is 0.084% dearer against edgeX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.083%. The two prices were read 115 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX ENAUSDC | 0.2172 | 0.0100 | pay 0.0050% / 4h | 1h 55m | $256K | $7.0M | 20x |
| Short | Phoenix ENA | 0.2175 | 0.0153 | get 0.0019% / 1h | 55m 38s | $8K | $259K | 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
- $11.03
- Price spread: +0.167% → +0.083%
- $8.41
- Slippage, 4 orders
- −$40.36
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$36.92
- Costs to cover
- 0.564%
- Break-even
- 30.4 days
Slippage from edgeX: live order book, 3 min ago; Phoenix: live order book, 50 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, 3 min ago | 6.87 bp | 11.4 bp −$11 | 12.8 bp −$128 | 47.5 bp −$4,747 | doesn't fit |
| Sell Phoenix live order book, 50 min ago | 1.89 bp | 16.8 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 | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ENA_USDC | −0.0142% | 4h | 0.2170 | −0.081% | $45K | $26K | 10x | as long as short |
| dYdX ENA-USD | 0.0000% | 1h | 0.2164 | −0.332% | $143K | $16K | 5x | as long as short |
| Deribit ENA_USDC-PERPETUAL | 0.0000% | 1h | 0.2170 | −0.068% | $67K | $1.1M | 50x | as long as short |
| gTrade (Gains Network) ENA/USD | L +0.0004% / S −0.0004% | 1h | 0.2171 | −0.027% | $84K | — | 150x | as long as short |
| 01 Exchange ENAUSD | +0.0016% | 1h | 0.2160 | −0.533% | $4K | $277 | 10x | as long as short |
| Injective ENA/USDC PERP | +0.0033% | 1h | 0.2123 | −2.218% | $522 | $57K | 5.5x | as long as short |
| Popdex ENAUSDT | +0.0096% | 1h | 0.2160 | −0.533% | $57K | $481K | 50x | as long as short |
| Nado ENA-PERP | +0.0100% | 1h | 0.2172 | +0.013% | $575K | $1.8M | 10x | as long as short |
| Hyperliquid ENA | +0.0100% | 1h | 0.2165 | −0.289% | $117.4M | $76.2M | 10x | as long as short |
| Aster ENAUSDT | +0.0100% | 4h | 0.2162 | −0.463% | $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 | 0.2163 | −0.376% | $406K | $532K | 10x | as long as short |
| Binance ENAUSDT | +0.0100% | 4h | 0.2161 | −0.496% | $130.8M | $427.9M | 75x | as long as short |
| Bybit ENAUSDT | +0.0100% | 4h | 0.2160 | −0.523% | $86.4M | $180.4M | 50x | as long as short |
| OKX ENA-USDT-SWAP | +0.0100% | 4h | 0.2162 | −0.459% | $21.7M | $109.6M | 50x | as long as short |
| Ondo Perps ENA-USD.P | +0.0100% | 1h | 0.2183 | +0.536% | $21K | $326K | 5x | as long as short |
| Arcus ENA-USD | +0.0100% | 1h | 0.2160 | −0.533% | $80K | $281K | 10x | as long as short |
| Bulk ENA-USD | +0.0100% | 1h | 0.2172 | +0.017% | $95K | $511 | 10x | as long as short |
| Gate ENA_USDT | +0.0100% | 4h | 0.2160 | −0.546% | $12.4M | $25.7M | 50x | as long as short |
| MEXC ENA_USDT | +0.0100% | 4h | 0.2161 | −0.482% | $48.2M | $41.8M | 200x | as long as short |
| KuCoin ENAUSDTM | +0.0100% | 4h | 0.2165 | −0.298% | $25.1M | $15.8M | 75x | as long as short |
| Bitget ENAUSDT | +0.0100% | 4h | 0.2158 | −0.639% | $49.1M | $59.7M | 75x | as long as short |
| BingX ENA-USDC | +0.0100% | 4h | 0.2160 | −0.514% | — | $6.5M | — | as long as short |
| Variational Omni ENA | +0.0100% | 4h | 0.2170 | −0.064% | $3.1M | $10.1M | — | as long as short |
| edgeX ENAUSDClong | +0.0100% | 4h | 0.2172 | long leg | $256K | $7.0M | 20x | |
| GRVT ENA_USDT_Perp | +0.0100% | 4h | 0.2175 | +0.158% | $363K | $5.0M | 10x | as long as short |
| ApeX Omni ENAUSDT | +0.0100% | 1h | 0.2179 | +0.342% | $20K | $651K | 50x | as long as short |
| Polymarket Perps ENA-USD | +0.0100% | 1h | 0.2172 | +0.029% | $208K | $2.6M | 10x | as long as short |
| SunX ENA-USDT | +0.0100% | 4h | 0.2117 | −2.499% | $976 | $895K | 20x | as long as short |
| SoDEX ENA-USD | +0.0100% | 1h | 0.2164 | −0.348% | $4K | $7K | 10x | as long as short |
| HTX ENA-USDT | +0.0100% | 4h | 0.2176 | +0.195% | $272K | $806K | 50x | as long as short |
| Phemex ENAUSDT | +0.0100% | 4h | 0.2165 | −0.302% | $1.8M | $8.9M | 50x | as long as short |
| Paradex ENA-USD-PERP | +0.0100% | 8h | 0.2161 | −0.508% | $48K | $110 | 10x | as long as short |
| Extended ENA-USD | +0.0104% | 1h | 0.2159 | −0.567% | $1.6M | $4.2M | 50x | as long as short |
| Aevo ENA-PERP | +0.0104% | 1h | 0.2170 | −0.063% | $76K | $4K | 3x | as long as short |
| Lighter ENA | +0.0120% | 1h | 0.2164 | −0.330% | $5.2M | $13.3M | 10x | as long as short |
| Phoenix ENAshort | +0.0153% | 1h | 0.2175 | +0.167% | $8K | $259K | 10x | |
| GMX ENA/USD [ETH-USDC] | L +0.0310% / S −0.0753% | 1h | 0.2171 | −0.023% | $60K | — | 100x | as long as short |
| BloFin ENA-USDT | +0.0340% | 4h | 0.2176 | +0.204% | $5.7M | $3.3M | 75x | as long as short |
| Reya ENARUSDPERP | +0.0412% | 1h | 0.2171 | −0.038% | $1K | $5K | 15x | as long as short |
| Kraken Futures PF_ENAUSD | +0.0435% | 1h | 0.2166 | −0.268% | $2.7M | $4.3M | 50x | as long as short |
| Coinbase International ENA-PERP-INTX | +0.0616% | 1h | 0.2175 | +0.135% | $894K | $1.8M | 50x | as long as short |
| Backpack ENA_USDC_PERP | +0.0717% | 1h | 0.2166 | −0.252% | $396K | $424K | 5x | as long as short |
edgeX ENAUSDC
Phoenix ENA
Deribit ENA_USDC-PERPETUAL
gTrade (Gains Network) ENA/USD
01 Exchange ENAUSD
Injective ENA/USDC PERP
Popdex ENAUSDT
Hyperliquid ENA
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-USDC
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
Extended ENA-USD
Lighter ENA
GMX ENA/USD [ETH-USDC]
BloFin ENA-USDT
Kraken Futures PF_ENAUSD
Coinbase International ENA-PERP-INTX
Backpack ENA_USDC_PERP