ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0371%/8h= −40.6% APRnext payment −$0.46 per $10,000 · paid last 24h −0.096%

Price spread now: SoDEX against Hyperliquid−0.174%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and SoDEX is 0.174% cheaper against Hyperliquid than usual: you would sell low and buy high (−$17 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ENA	0.2123	0.0471	pay 0.0059% / 1h	4m 01s	$114.1M	$71.4M	10x
Short	SoDEX ENA-USD	0.2119	0.0100	get 0.0013% / 1h	4m 01s	$4K	$7K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.174%Rate

Funding earned: −$77.94
Price spread: −0.174% → 0.000%: −$17.43
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$112.37
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 10 min ago; SoDEX: no order-book sample. Net counts fees only.

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, 10 min ago	0.24 bp	9.9 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2120	−0.116%	$87K	—	150x	as long as short
dYdX ENA-USD	+0.0011%	1h	0.2118	−0.230%	$140K	$15K	5x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.033%	$522	$57K	5.5x	as long as short
Orderly PERP_ENA_USDC	+0.0034%	4h	0.2117	−0.250%	$44K	$27K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	+0.0080%	1h	0.2120	−0.146%	$79K	$1.3M	50x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2120	−0.127%	$54K	$507K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2121	−0.066%	$682K	$1.7M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2121	−0.090%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2119	−0.163%	$414K	$530K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2123	+0.002%	$130.6M	$432.7M	75x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ENAUSDT	+0.0100%	4h	0.2125	+0.090%	$87.0M	$180.6M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2123	+0.028%	$20.9M	$105.1M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2116	−0.320%	$19K	$382K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2120	−0.127%	$78K	$289K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2109	−0.622%	$93K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2121	−0.061%	$11.0M	$21.9M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2122	−0.052%	$45.0M	$44.5M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2124	+0.038%	$24.6M	$16.0M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2120	−0.141%	$48.2M	$59.1M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2123	−0.005%	—	$6.5M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2122	−0.052%	$382K	$371K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2114	−0.401%	$3.8M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2106	−0.790%	$246K	$7.5M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2104	−0.869%	$355K	$4.9M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2106	−0.787%	$32K	$650K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2120	−0.104%	$183K	$2.3M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2069	−2.511%	$982	$847K	20x	as long as short
SoDEX ENA-USDshort	+0.0100%	1h	0.2119	−0.174%	$4K	$7K	10x
HTX ENA-USDT	+0.0100%	4h	0.2123	+0.014%	$276K	$812K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2119	−0.174%	$1.9M	$9.0M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2118	−0.241%	$47K	$110	10x	as long as short
01 Exchange ENAUSD	+0.0104%	1h	0.2121	−0.099%	$4K	$302	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2119	−0.191%	$74K	$4K	3x	as long as short
Extended ENA-USD	+0.0176%	1h	0.2121	−0.098%	$1.6M	$4.1M	50x	as long as short
Phoenix ENA	+0.0188%	1h	0.2118	−0.240%	$7K	$351K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0251% / S −0.0206%	1h	0.2120	−0.123%	$50K	—	100x	as long as short
Kraken Futures PF_ENAUSD	+0.0251%	1h	0.2121	−0.064%	$2.7M	$4.3M	50x	as long as short
Lighter ENA	+0.0400%	1h	0.2122	−0.024%	$5.5M	$13.8M	10x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2120	−0.130%	$1K	$5K	15x	as long as short
Hyperliquid ENAlong	+0.0471%	1h	0.2123	long leg	$114.1M	$71.4M	10x
Coinbase International ENA-PERP-INTX	+0.0648%	1h	0.2123	0.000%	$832K	$1.6M	50x	as long as short