ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0292%/8h= −32.0% APRnext payment −$0.36 per $10,000 · paid last 24h −0.150%

Price spread now: Pacifica against Lighter−0.120%7-day average −0.116% · you buy dearer than you sell

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$210.210% of the position

Long on Lighter Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.463%−$46 on $10k

Price spread, last 4 days (all we have)+0.006%+$1 · spread now −0.120%, 7d avg −0.116%

Together, before fees−0.457%+ Points / potential airdropLighter: Season 3 · Pacifica: Active · farm board−$46 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.116%, so right now this pair is about funding alone: −$9 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ENA	0.2134	0.0392	pay 0.0049% / 1h	20m 28s	$5.5M	$13.7M	10x
Short	Pacifica ENA	0.2131	0.0100	get 0.0013% / 1h	20m 28s	$417K	$544K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.120%Rate

Funding earned: −$61.32
Price spread: −0.120% → −0.116%: −$0.43
Slippage, 4 orders: −$12.98
Fee Lighter: 0 bp × 2 orders: $0
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$82.74
Costs to cover: 0.210%
Break-even: never at this rate

Slippage from Lighter: live order book, 8 min ago; Pacifica: live order book, 48 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, 8 min ago	0.70 bp	2.0 bp −$2	9.1 bp −$91	325.5 bp −$32.6K	doesn't fit
Sell Pacifica live order book, 48 min ago	1.38 bp	6.9 bp −$7	doesn't fit	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	0.2131	−0.145%	$79K	$1.6M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2131	−0.125%	$92K	—	150x	as long as short
dYdX ENA-USD	+0.0013%	1h	0.2132	−0.104%	$141K	$15K	5x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−0.487%	$522	$57K	5.5x	as long as short
Orderly PERP_ENA_USDC	+0.0036%	4h	0.2131	−0.136%	$44K	$28K	10x	as long as short
01 Exchange ENAUSD	+0.0096%	1h	0.2132	−0.089%	$4K	$302	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2131	−0.131%	$55K	$518K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2131	−0.134%	$685K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2132	−0.092%	$1.5M	$3.3M	50x	as long as short
Pacifica ENAshort	+0.0100%	1h	0.2131	−0.120%	$417K	$544K	10x

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ENAUSDT	+0.0100%	4h	0.2131	−0.121%	$132.0M	$443.4M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2132	−0.098%	$87.4M	$187.2M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2133	−0.019%	$20.9M	$107.9M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2135	+0.070%	$19K	$402K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2131	−0.131%	$79K	$289K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2135	+0.033%	$94K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2131	−0.145%	$11.0M	$21.6M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2133	−0.056%	$45.4M	$44.4M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2132	−0.084%	$24.7M	$16.4M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2131	−0.122%	$48.5M	$60.9M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2131	−0.150%	—	$32.6M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2133	−0.056%	$381K	$391K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2130	−0.157%	$3.8M	$10.2M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2131	−0.126%	$246K	$7.5M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2129	−0.225%	$352K	$4.8M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2129	−0.225%	$32K	$657K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2133	−0.019%	$184K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2080	−2.531%	$1K	$853K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2131	−0.131%	$4K	$10K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2135	+0.052%	$275K	$866K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2131	−0.131%	$1.9M	$9.2M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2130	−0.169%	$48K	$110	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2131	−0.149%	$75K	$4K	3x	as long as short
Phoenix ENA	+0.0188%	1h	0.2129	−0.220%	$7K	$351K	10x	as long as short
Extended ENA-USD	+0.0232%	1h	0.2130	−0.193%	$1.6M	$4.1M	50x	as long as short
Kraken Futures PF_ENAUSD	+0.0250%	1h	0.2133	−0.059%	$2.7M	$4.5M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0251% / S −0.0206%	1h	0.2131	−0.127%	$51K	—	100x	as long as short
Lighter ENAlong	+0.0392%	1h	0.2134	long leg	$5.5M	$13.7M	10x
Reya ENARUSDPERP	+0.0412%	1h	0.2133	−0.055%	$1K	$5K	15x	as long as short
Hyperliquid ENA	+0.0494%	1h	0.2136	+0.103%	$115.4M	$72.5M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0648%	1h	0.2135	+0.066%	$837K	$1.7M	50x	as long as short