ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0245%/8h= −26.9% APRnext payment −$0.31 per $10,000 · paid last 24h −0.081%

Price spread now: Popdex against Hyperliquid−0.114%7-day average −0.107% · 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−$28as in the Price arb table

costs, in and out, $10k−$270.270% of the position

Long on Hyperliquid Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.215%−$22 on $10k

Price spread, last 4 days (all we have)−0.367%−$37 · spread now −0.114%, 7d avg −0.107%

Together, before fees−0.582%+ Points / potential airdropHyperliquid: Season 2 · farm board−$58 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.107%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ENA	0.2106	0.0341	pay 0.0043% / 1h	21m 01s	$111.1M	$80.6M	10x
Short	Popdex ENAUSDT	0.2104	0.0096	get 0.0012% / 1h	21m 01s	$60K	$540K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now −0.114%Rate

Funding earned: −$51.5
Price spread: −0.114% → −0.107%: −$0.65
Slippage, 4 orders: −$11.62
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$79.17
Costs to cover: 0.270%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 13 min ago; Popdex: live order book, 3 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, 13 min ago	0.24 bp	4.7 bp −$5	doesn't fit	doesn't fit	doesn't fit
Sell Popdex live order book, 3 min ago	0.71 bp	9.5 bp −$10	75.2 bp −$752	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	−0.0266%	1h	0.2104	−0.123%	$362K	$484K	5x	as long as short
Orderly PERP_ENA_USDC	−0.0082%	4h	0.2103	−0.161%	$41K	$23K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	−0.0035%	1h	0.2104	−0.133%	$93K	$1.9M	50x	as long as short
01 Exchange ENAUSD	−0.0016%	1h	0.2105	−0.062%	$4K	$432	10x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2103	−0.140%	$97K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.807%	$522	$57K	5.5x	as long as short
Gate ENA_USDT	+0.0044%	4h	0.2103	−0.152%	$10.5M	$21.7M	50x	as long as short
Phoenix ENA	+0.0076%	1h	0.2110	+0.195%	$5K	$394K	10x	as long as short
Popdex ENAUSDTshort	+0.0096%	1h	0.2104	−0.114%	$60K	$540K	50x
Paradex ENA-USD-PERP	+0.0100%	8h	0.2106	−0.035%	$47K	$221	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado ENA-PERP	+0.0100%	1h	0.2106	−0.014%	$660K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2105	−0.078%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2107	+0.041%	$407K	$595K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2103	−0.152%	$129.7M	$466.7M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2103	−0.176%	$87.9M	$193.7M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2103	−0.147%	$20.3M	$114.2M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2110	+0.171%	$19K	$432K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2107	+0.028%	$82K	$223K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2107	+0.028%	$89K	$2K	10x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2104	−0.138%	$45.6M	$49.1M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2105	−0.085%	$24.3M	$16.5M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2102	−0.214%	$47.6M	$66.5M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2103	−0.147%	—	$32.1M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2111	+0.229%	$3.6M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2109	+0.144%	$251K	$8.0M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2112	+0.250%	$360K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2113	+0.313%	$33K	$711K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2106	−0.019%	$183K	$3.0M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2053	−2.554%	$895	$809K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2103	−0.161%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2111	+0.204%	$274K	$1.6M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2103	−0.161%	$1.9M	$9.3M	50x	as long as short
Kraken Futures PF_ENAUSD	+0.0104%	1h	0.2104	−0.091%	$2.7M	$5.8M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2104	−0.119%	$77K	$11K	3x	as long as short
Extended ENA-USD	+0.0120%	1h	0.2103	−0.175%	$1.6M	$4.2M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0214% / S −0.0162%	1h	0.2103	−0.150%	$50K	—	100x	as long as short
Lighter ENA	+0.0320%	1h	0.2106	−0.005%	$5.7M	$13.2M	10x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2105	−0.071%	$5.5M	$8.2M	75x	as long as short
Hyperliquid ENAlong	+0.0341%	1h	0.2106	long leg	$111.1M	$80.6M	10x
Reya ENARUSDPERP	+0.0412%	1h	0.2103	−0.178%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0536%	1h	0.2108	+0.076%	$805K	$2.2M	50x	as long as short
dYdX ENA-USD	+0.6559%	1h	0.2108	+0.072%	$139K	$15K	5x	as long as short