ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0284%/8h= −31.1% APRnext payment −$0.36 per $10,000 · paid last 24h −0.141%

Price spread now: Nado against Lighter−0.024%47s7-day average −0.084% · 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—prices read too far apart to compare

costs, in and out, $10k−$220.219% of the position

Long on Lighter Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.430%−$43 on $10k

Price spread, last 7 days−0.267%−$27 · spread now −0.024%, 7d avg −0.084%

Together, before fees−0.696%+ Points / potential airdropLighter: Season 3 · Nado: Active · farm board−$70 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Nado is 0.061% dearer against Lighter than usual: you sell high and buy low (spread −0.024% now, against its 7-day average of −0.084%): +$6 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 17 hours. The two prices were read 47 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	Lighter ENA	0.2110	0.0384	pay 0.0048% / 1h	28m 46s	$5.5M	$13.6M	10x
Short	Nado ENA-PERP	0.2109	0.0100	get 0.0012% / 1h	28m 46s	$681K	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Lighter. 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 LighterbpFee NadobpOrdersPrice spread, now −0.024%Rate

Funding earned: −$59.64
Price spread: −0.024% → −0.084%: $6.08
Slippage, 4 orders: −$14.85
Fee Lighter: 0 bp × 2 orders: $0
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$75.41
Costs to cover: 0.219%
Break-even: never at this rate

Slippage from Lighter: live order book, 5 min ago; Nado: live order book, 5 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 Lighter live order book, 5 min ago	1.42 bp	3.9 bp −$4	7.7 bp −$77	273.6 bp −$27.4K	doesn't fit
Sell Nado live order book, 5 min ago	1.89 bp	8.4 bp −$8	17.6 bp −$176	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
Orderly PERP_ENA_USDC	−0.0009%	4h	0.2109	−0.009%	$44K	$26K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2110	+0.033%	$79K	$1.3M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2110	+0.019%	$82K	—	150x	as long as short
01 Exchange ENAUSD	+0.0008%	1h	0.2111	+0.066%	$4K	$302	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.654%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2110	+0.019%	$55K	$497K	50x	as long as short
Nado ENA-PERPshort	+0.0100%	1h	0.2109	−0.024%	$681K	$1.7M	10x
Hyperliquid ENA	+0.0100%	1h	0.2109	−0.014%	$113.3M	$71.4M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2108	−0.061%	$1.5M	$3.0M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2107	−0.110%	$412K	$506K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ENAUSDT	+0.0100%	4h	0.2107	−0.133%	$129.3M	$420.1M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2107	−0.147%	$86.4M	$175.3M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2107	−0.109%	$20.7M	$102.2M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2107	−0.100%	$19K	$364K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2107	−0.123%	$78K	$288K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2115	+0.256%	$93K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2108	−0.090%	$11.0M	$21.3M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2107	−0.128%	$45.3M	$41.9M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2109	−0.043%	$24.5M	$15.7M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2105	−0.213%	$48.0M	$57.7M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2107	−0.133%	—	$32.2M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2110	+0.014%	$373K	$363K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2113	+0.138%	$3.4M	$10.2M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2118	+0.378%	$244K	$7.4M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2113	+0.164%	$357K	$4.9M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2113	+0.161%	$22K	$652K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2111	+0.062%	$183K	$2.3M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2060	−2.342%	$1K	$841K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2109	−0.028%	$3K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2113	+0.156%	$276K	$781K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2110	+0.019%	$1.9M	$8.9M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2106	−0.155%	$47K	$110	10x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2106	−0.187%	$1.6M	$4.1M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2111	+0.066%	$74K	$4K	3x	as long as short
dYdX ENA-USD	+0.0130%	1h	0.2108	−0.068%	$139K	$15K	5x	as long as short
Phoenix ENA	+0.0150%	1h	0.2116	+0.284%	$8K	$298K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0251% / S −0.0206%	1h	0.2110	+0.011%	$50K	—	100x	as long as short
Kraken Futures PF_ENAUSD	+0.0285%	1h	0.2111	+0.065%	$2.7M	$4.3M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2110	+0.019%	$5.6M	$3.1M	75x	as long as short
Lighter ENAlong	+0.0384%	1h	0.2110	long leg	$5.5M	$13.6M	10x
Reya ENARUSDPERP	+0.0412%	1h	0.2110	+0.018%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0664%	1h	0.2118	+0.379%	$833K	$1.5M	50x	as long as short