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: Lighter against Nado+0.223%7-day average +0.084% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$8as in the Price arb table

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

Long on Nado Short on Lighter

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+0.067%+$7 · spread now +0.223%, 7d avg +0.084%

Together, before fees+0.497%+ Points / potential airdropNado: Active · Lighter: Season 3 · farm board+$50 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Lighter is 0.138% dearer against Nado than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.084%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado ENA-PERP	0.2109	0.0100	pay 0.0012% / 1h	29m 24s	$681K	$1.7M	10x
Short	Lighter ENA	0.2114	0.0384	get 0.0048% / 1h	29m 24s	$5.5M	$13.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Nado. 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 NadobpFee LighterbpOrdersPrice spread, now +0.223%Rate

Funding earned: $59.64
Price spread: +0.223% → +0.084%: $13.83
Slippage, 4 orders: −$14.85
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: $51.62
Costs to cover: 0.219%
Break-even: 0.9 days

Slippage from Nado: live order book, 4 min ago; Lighter: 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 Nado live order book, 4 min ago	1.89 bp	8.2 bp −$8	17.8 bp −$178	doesn't fit	doesn't fit
Sell Lighter live order book, 4 min ago	1.42 bp	1.4 bp −$1	6.6 bp −$66	312.5 bp −$31.3K	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	+0.014%	$44K	$26K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2111	+0.095%	$79K	$1.3M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2110	+0.043%	$82K	—	150x	as long as short
01 Exchange ENAUSD	+0.0008%	1h	0.2111	+0.090%	$4K	$302	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.678%	$522	$57K	5.5x	as long as short
dYdX ENA-USD	+0.0085%	1h	0.2110	+0.055%	$139K	$15K	5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2110	+0.043%	$55K	$497K	50x	as long as short
Nado ENA-PERPlong	+0.0100%	1h	0.2109	long leg	$681K	$1.7M	10x
Hyperliquid ENA	+0.0100%	1h	0.2113	+0.166%	$113.5M	$71.4M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2112	+0.137%	$1.5M	$3.0M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ENA	+0.0100%	1h	0.2112	+0.115%	$412K	$506K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2111	+0.076%	$129.5M	$420.0M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2110	+0.066%	$86.5M	$175.4M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2111	+0.090%	$20.8M	$102.4M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2107	−0.076%	$19K	$364K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2111	+0.090%	$78K	$288K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2115	+0.280%	$93K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2110	+0.038%	$11.1M	$21.3M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2110	+0.057%	$45.4M	$41.9M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2112	+0.137%	$24.6M	$15.7M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2109	−0.019%	$48.1M	$57.7M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2110	+0.033%	—	$32.2M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2112	+0.119%	$374K	$363K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2113	+0.162%	$3.4M	$10.2M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2118	+0.402%	$244K	$7.4M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2113	+0.188%	$357K	$4.9M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2113	+0.185%	$22K	$652K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2111	+0.085%	$183K	$2.3M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2061	−2.276%	$923	$841K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2111	+0.090%	$3K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2117	+0.375%	$277K	$781K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2112	+0.137%	$1.9M	$8.9M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2111	+0.073%	$47K	$110	10x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2110	+0.043%	$1.6M	$4.1M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2111	+0.090%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0150%	1h	0.2116	+0.308%	$8K	$298K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0251% / S −0.0206%	1h	0.2110	+0.035%	$50K	—	100x	as long as short
Kraken Futures PF_ENAUSD	+0.0285%	1h	0.2113	+0.185%	$2.7M	$4.3M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2115	+0.266%	$5.6M	$3.1M	75x	as long as short
Lighter ENAshort	+0.0384%	1h	0.2114	+0.223%	$5.5M	$13.6M	10x
Reya ENARUSDPERP	+0.0412%	1h	0.2110	+0.041%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0664%	1h	0.2118	+0.403%	$833K	$1.5M	50x	as long as short