ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0129%/8h= +14.1% APRnext payment +$0.16 per $10,000 · paid last 24h +0.041%

Price spread now: Coinbase International against Hyperliquid+0.123%7-day average +0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$630.627% of the position

Long on Hyperliquid Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.218%+$22 on $10k

Price spread, last 3 days (all we have)−0.172%−$17 · spread now +0.123%, 7d avg +0.063%

Together, before fees+0.047%+ Points / potential airdropHyperliquid: Season 2 · farm board+$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Coinbase International is 0.060% dearer against Hyperliquid than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.063%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ENA	0.2139	0.0519	pay 0.0065% / 1h	25m 06s	$115.8M	$73.3M	10x
Short	Coinbase International ENA-PERP-INTX	0.2142	0.0648	get 0.0081% / 1h	25m 06s	$839K	$1.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Hyperliquid. 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 HyperliquidbpFee Coinbase InternationalbpOrdersPrice spread, now +0.123%Rate

Funding earned: $27.1
Price spread: +0.123% → +0.063%: $6
Slippage, 4 orders: −$43.66
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$29.55
Costs to cover: 0.627%
Break-even: 14.6 days

Slippage from Hyperliquid: live order book, 9 min ago; Coinbase International: live order book, 4 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 Hyperliquid live order book, 9 min ago	0.23 bp	10.9 bp −$11	16.9 bp −$169	doesn't fit	doesn't fit
Sell Coinbase International live order book, 4 min ago	13.31 bp	21.4 bp −$21	23.1 bp −$231	doesn't fit	doesn't fit

ENA on 41 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
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2136	−0.120%	$80K	$1.6M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2132	−0.318%	$92K	—	150x	as long as short
dYdX ENA-USD	+0.0015%	1h	0.2132	−0.345%	$141K	$15K	5x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−0.727%	$522	$57K	5.5x	as long as short
Orderly PERP_ENA_USDC	+0.0038%	4h	0.2131	−0.363%	$44K	$28K	10x	as long as short
01 Exchange ENAUSD	+0.0088%	1h	0.2133	−0.288%	$4K	$302	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2131	−0.372%	$55K	$521K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2131	−0.379%	$687K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2132	−0.311%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2131	−0.369%	$417K	$544K	10x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ENAUSDT	+0.0100%	4h	0.2137	−0.073%	$132.3M	$445.0M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2135	−0.162%	$87.7M	$187.3M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2136	−0.148%	$21.0M	$109.0M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2138	−0.059%	$19K	$413K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2132	−0.325%	$116K	$251K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2135	−0.209%	$94K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2137	−0.110%	$11.1M	$21.5M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2136	−0.138%	$45.5M	$44.4M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2137	−0.068%	$24.8M	$16.4M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2135	−0.176%	$48.6M	$61.1M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2137	−0.110%	—	$6.5M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2138	−0.040%	$382K	$393K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2134	−0.251%	$3.8M	$10.2M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2145	+0.261%	$247K	$7.5M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2147	+0.369%	$356K	$4.8M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2144	+0.236%	$32K	$656K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2131	−0.353%	$184K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2082	−2.682%	$1K	$854K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2135	−0.185%	$4K	$10K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2135	−0.194%	$275K	$875K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2134	−0.232%	$1.9M	$9.2M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2131	−0.383%	$48K	$110	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2132	−0.341%	$75K	$4K	3x	as long as short
Phoenix ENA	+0.0188%	1h	0.2147	+0.390%	$8K	$351K	10x	as long as short
Extended ENA-USD	+0.0240%	1h	0.2135	−0.200%	$1.6M	$4.2M	50x	as long as short
Kraken Futures PF_ENAUSD	+0.0250%	1h	0.2137	−0.107%	$2.7M	$4.5M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0251% / S −0.0206%	1h	0.2132	−0.313%	$51K	—	100x	as long as short
Lighter ENA	+0.0368%	1h	0.2138	−0.026%	$5.6M	$13.7M	10x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2131	−0.362%	$1K	$5K	15x	as long as short
Hyperliquid ENAlong	+0.0519%	1h	0.2139	long leg	$115.8M	$73.3M	10x
Coinbase International ENA-PERP-INTXshort	+0.0648%	1h	0.2142	+0.123%	$839K	$1.8M	50x