ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0027%/8h= −3.0% APRnext payment −$0.03 per $10,000 · paid last 24h +0.002%

Price spread now: Phoenix against Extended−0.106%68s7-day average +0.137% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as 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−$480.477% of the position

Long on Extended Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.082%+$8 on $10k

Price spread, last 4 days (all we have)+0.789%+$79 · spread now −0.106%, 7d avg +0.137%

Together, before fees+0.871%+ Points / potential airdropExtended: Active · farm board+$87 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 Phoenix is 0.242% cheaper against Extended than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of +0.137%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.082%, so the current rate has only just turned against you. The two prices were read 68 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	Extended ENA-USD	0.2088	0.0104	pay 0.0013% / 1h	10m 17s	$1.9M	$3.6M	50x
Short	Phoenix ENA	0.2086	0.0077	get 0.0010% / 1h	10m 17s	$14K	$182K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Extended. 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 ExtendedbpFee PhoenixbpOrdersPrice spread, now −0.106%Rate

Funding earned: −$5.67
Price spread: −0.106% → +0.137%: −$24.24
Slippage, 4 orders: −$35.74
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$77.65
Costs to cover: 0.477%
Break-even: never at this rate

Slippage from Extended: live order book, 2 min ago; Phoenix: live order book, 48 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 Extended live order book, 2 min ago	1.92 bp	6.0 bp −$6	12.4 bp −$124	doesn't fit	doesn't fit
Sell Phoenix live order book, 48 min ago	1.92 bp	16.6 bp −$17	51.8 bp −$518	doesn't fit	doesn't fit

ENA on 42 exchanges

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
Kraken Futures PF_ENAUSD	−0.0747%	1h	0.2089	+0.051%	$2.5M	$2.7M	50x	as long as short
Orderly PERP_ENA_USDC	−0.0063%	4h	0.2088	−0.015%	$39K	$16K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2089	+0.038%	$18K	$691K	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0005%	1h	0.2089	+0.028%	$90K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2122	+1.604%	$734	$581	5.5x	as long as short
Phoenix ENAshort	+0.0077%	1h	0.2086	−0.106%	$14K	$182K	10x
Lighter ENA	+0.0096%	1h	0.2091	+0.124%	$4.9M	$8.3M	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2088	−0.020%	$62K	$366K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2087	−0.068%	$47K	—	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2087	−0.061%	$580K	$1.1M	10x	as long as short

Show all 42 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid ENA	+0.0100%	1h	0.2090	+0.091%	$109.3M	$56.1M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2089	+0.028%	$1.1M	$1.8M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2086	−0.094%	$380K	$275K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2089	+0.028%	$120.5M	$305.2M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2088	−0.010%	$81.0M	$139.5M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2089	+0.024%	$19.6M	$77.4M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2087	−0.091%	$37K	$224K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2088	−0.020%	$75K	$108K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2084	−0.211%	$137K	$8K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2088	−0.015%	$17.2M	$26.0M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2089	+0.038%	$51.0M	$32.5M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2089	+0.019%	$24.6M	$11.1M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2088	0.000%	$47.2M	$42.7M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2088	0.000%	—	$17.0M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2090	+0.062%	$343K	$464K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2081	−0.339%	$2.2M	$3.6M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2083	−0.257%	$237K	$5.0M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2082	−0.296%	$352K	$4.5M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2085	−0.163%	$16K	$631K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2089	+0.052%	$127K	$2.6M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2037	−2.471%	$1K	$897K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2088	−0.020%	$6K	$5K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2091	+0.143%	$258K	$427K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2089	+0.028%	$1.6M	$9.2M	50x	as long as short
Extended ENA-USDlong	+0.0104%	1h	0.2088	long leg	$1.9M	$3.6M	50x
Aevo ENA-PERP	+0.0104%	1h	0.2089	+0.043%	$73K	$4K	3x	as long as short
01 Exchange ENAUSD	+0.0136%	1h	0.2089	+0.047%	$4K	$21	10x	as long as short
dYdX ENA-USD	+0.0165%	1h	0.2087	−0.044%	$138K	$7K	5x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2084	−0.221%	$5.2M	$3.5M	75x	as long as short
Reya ENARUSDPERP	+0.0410%	1h	0.2088	0.000%	$941	$98	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0576%	1h	0.2094	+0.277%	$765K	$1.3M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0605% / S −0.1160%	1h	0.2089	+0.022%	$82K	—	100x	as long as short