ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0629%/8h= +68.8% APRnext payment +$0.79 per $10,000 · paid last 24h +0.185%

Price spread now: Lighter against gTrade (Gains Network)−0.022%7-day average +0.104% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$337as in the Price arb table

costs, in and out, $10k−$3243.244% of the position

Long on gTrade (Gains Network)Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.518%+$52 on $10k

Price spread, last 3 days (all we have)+0.019%+$2 · spread now −0.022%, 7d avg +0.104%

Together, before fees+0.537%+ Points / potential airdropLighter: Season 3 · farm board+$54 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.125% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.022% now, against its 7-day average of +0.104%). If the spread goes back, that is −$13 on $10k: about 16 hours of funding at the current rate (+$19 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) ENA/USD	0.2120	L +0.0003% / S −0.0003%	pay 0.0000% / 1h	52m 04s	$104K	—	150x
Short	Lighter ENA	0.2119	0.0632	get 0.0079% / 1h	52m 04s	$5.6M	$12.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee LighterbpOrdersPrice spread, now −0.022%Rate

Funding earned: $132
Price spread: −0.022% → +0.104%: −$12.52
Slippage, 4 orders: −$314.43
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$204.95
Costs to cover: 3.244%
Break-even: 17.9 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 2 min ago; Lighter: live order book, 6 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 gTrade (Gains Network) virtual book (oracle venue), 2 min ago	130.03 bp	186.1 bp −$186	1556.6 bp −$15.6K	15425.0 bp −$1.54M	doesn't fit
Sell Lighter live order book, 6 min ago	0.70 bp	1.4 bp −$1	4.4 bp −$44	156.1 bp −$15.6K	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	−0.0074%	1h	0.2117	−0.102%	$376K	$419K	5x	as long as short
dYdX ENA-USD	0.0000%	1h	0.2119	−0.012%	$140K	$15K	5x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2117	−0.121%	$94K	$1.7M	50x	as long as short
gTrade (Gains Network) ENA/USDlong	L +0.0003% / S −0.0003%	1h	0.2120	long leg	$104K	—	150x
Orderly PERP_ENA_USDC	+0.0017%	4h	0.2116	−0.187%	$41K	$24K	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.181%	$522	$57K	5.5x	as long as short
Gate ENA_USDT	+0.0092%	4h	0.2116	−0.173%	$10.8M	$20.6M	50x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2119	−0.026%	$63K	$525K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2119	−0.024%	$680K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2118	−0.067%	$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	0.2120	+0.017%	$411K	$560K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2117	−0.140%	$131.4M	$448.0M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2117	−0.144%	$89.1M	$188.0M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2117	−0.130%	$20.6M	$109.8M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2122	+0.125%	$15K	$394K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2121	+0.068%	$84K	$222K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2126	+0.304%	$90K	−$0	10x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2117	−0.125%	$46.2M	$44.0M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2117	−0.102%	$24.3M	$16.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2115	−0.210%	$48.1M	$62.8M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2116	−0.163%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2122	+0.095%	$3.9M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2124	+0.223%	$246K	$7.5M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2124	+0.209%	$359K	$4.7M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2124	+0.209%	$34K	$713K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2119	−0.008%	$181K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2071	−2.296%	$1K	$828K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2116	−0.168%	$4K	$11K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2123	+0.172%	$275K	$1.4M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2116	−0.168%	$2.0M	$9.3M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2119	−0.021%	$47K	$221	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2117	−0.135%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0150%	1h	0.2124	+0.186%	$7K	$347K	10x	as long as short
01 Exchange ENAUSD	+0.0208%	1h	0.2122	+0.129%	$4K	$302	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0236%	1h	0.2117	−0.103%	$2.7M	$5.1M	50x	as long as short
Extended ENA-USD	+0.0248%	1h	0.2116	−0.189%	$1.6M	$4.2M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0250% / S −0.0434%	1h	0.2119	−0.005%	$38K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2120	+0.025%	$5.6M	$4.7M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2119	−0.039%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0608%	1h	0.2121	+0.073%	$838K	$1.9M	50x	as long as short
Lighter ENAshort	+0.0632%	1h	0.2119	−0.022%	$5.6M	$12.5M	10x
Hyperliquid ENA	+0.0655%	1h	0.2119	−0.012%	$114.3M	$76.2M	10x	as long as short