Funding you earn now, next payment 03:00 UTC−0.0275%/8h= −30.1% APRnext payment −$0.34 per $10,000 · paid last 24h −0.001%
Price spread now: Pacifica against Nado+0.214%7-day average −0.018% · 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−$13as in the Price arb table
costs, in and out, $10k−$360.359% of the position
Funding, last 3 days (all we have)−0.020%−$2 on $10k
+Price spread, last 4 days (all we have)−1.442%−$144 · spread now +0.214%, 7d avg −0.018%
=Together, before fees−1.463%+ Points / potential airdropNado: Active · Pacifica: Active · farm board−$146 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Pacifica is 0.232% dearer against Nado than usual: you sell high and buy low (spread +0.214% now, against its 7-day average of −0.018%): +$23 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 2.8 days. At the pace of the last 3 days (−0.020% in total) that is about 37 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.020% in total (about -2.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.34 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado ENA-PERP | 0.2125 | 0.0375 | pay 0.0047% / 1h | 59m 23s | $686K | $1.7M | 10x |
| Short | Pacifica ENA | 0.2129 | 0.0100 | get 0.0013% / 1h | 59m 23s | $416K | $519K | 10x |
Nado ENA-PERP
Pacifica ENAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica against Nado. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$57.71
- Price spread: +0.214% → −0.018%
- $23.22
- Slippage, 4 orders
- −$20.88
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$70.36
- Costs to cover
- 0.359%
- Break-even
- never at this rate
Slippage from Nado: live order book, 4 min ago; Pacifica: 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 | 2.35 bp | 7.4 bp −$7 | 17.6 bp −$176 | doesn't fit | doesn't fit |
| Sell Pacifica live order book, 4 min ago | 1.41 bp | 9.6 bp −$10 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps ENA-USD | −0.0241% | 1h | 0.2126 | +0.061% | $183K | $2.3M | 10x | as long as short |
| Deribit ENA_USDC-PERPETUAL | 0.0000% | 1h | 0.2125 | +0.005% | $79K | $1.3M | 50x | as long as short |
| gTrade (Gains Network) ENA/USD | L +0.0004% / S −0.0004% | 1h | 0.2125 | −0.004% | $87K | — | 150x | as long as short |
| dYdX ENA-USD | +0.0011% | 1h | 0.2128 | +0.165% | $141K | $15K | 5x | as long as short |
| Orderly PERP_ENA_USDC | +0.0030% | 4h | 0.2123 | −0.075% | $44K | $27K | 10x | as long as short |
| Injective ENA/USDC PERP | +0.0033% | 1h | 0.2123 | −0.056% | $522 | $57K | 5.5x | as long as short |
| 01 Exchange ENAUSD | +0.0088% | 1h | 0.2127 | +0.118% | $4K | $302 | 10x | as long as short |
| Popdex ENAUSDT | +0.0096% | 1h | 0.2126 | +0.066% | $54K | $504K | 50x | as long as short |
| Hyperliquid ENA | +0.0100% | 1h | 0.2127 | +0.089% | $114.3M | $71.6M | 10x | as long as short |
| Aster ENAUSDT | +0.0100% | 4h | 0.2128 | +0.160% | $1.5M | $3.3M | 50x | as long as short |
Polymarket Perps ENA-USD
Deribit ENA_USDC-PERPETUAL
gTrade (Gains Network) ENA/USD
dYdX ENA-USD
Orderly PERP_ENA_USDC
Injective ENA/USDC PERP
01 Exchange ENAUSD
Popdex ENAUSDT
Hyperliquid ENA
Aster ENAUSDTShow all 41 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica ENAshort | +0.0100% | 1h | 0.2129 | +0.214% | $416K | $519K | 10x | |
| Binance ENAUSDT | +0.0100% | 4h | 0.2125 | +0.014% | $130.8M | $429.7M | 75x | as long as short |
| Bybit ENAUSDT | +0.0100% | 4h | 0.2124 | −0.052% | $86.9M | $179.5M | 50x | as long as short |
| OKX ENA-USDT-SWAP | +0.0100% | 4h | 0.2124 | −0.047% | $20.8M | $104.5M | 50x | as long as short |
| Ondo Perps ENA-USD.P | +0.0100% | 1h | 0.2127 | +0.108% | $19K | $384K | 5x | as long as short |
| Arcus ENA-USD | +0.0100% | 1h | 0.2127 | +0.113% | $79K | $288K | 10x | as long as short |
| Bulk ENA-USD | +0.0100% | 1h | 0.2109 | −0.711% | $93K | $4K | 10x | as long as short |
| Gate ENA_USDT | +0.0100% | 4h | 0.2125 | +0.009% | $11.1M | $21.1M | 50x | as long as short |
| MEXC ENA_USDT | +0.0100% | 4h | 0.2125 | +0.019% | $45.6M | $41.6M | 200x | as long as short |
| KuCoin ENAUSDTM | +0.0100% | 4h | 0.2126 | +0.052% | $24.7M | $15.9M | 75x | as long as short |
| Bitget ENAUSDT | +0.0100% | 4h | 0.2122 | −0.104% | $48.3M | $58.7M | 75x | as long as short |
| BingX ENA-USDC | +0.0100% | 4h | 0.2124 | −0.024% | — | $6.5M | — | as long as short |
| Backpack ENA_USDC_PERP | +0.0100% | 1h | 0.2123 | −0.085% | $383K | $366K | 5x | as long as short |
| Variational Omni ENA | +0.0100% | 4h | 0.2129 | +0.187% | $3.8M | $10.0M | — | as long as short |
| edgeX ENAUSDC | +0.0100% | 4h | 0.2128 | +0.181% | $249K | $7.5M | 20x | as long as short |
| GRVT ENA_USDT_Perp | +0.0100% | 4h | 0.2124 | −0.019% | $361K | $4.9M | 10x | as long as short |
| ApeX Omni ENAUSDT | +0.0100% | 1h | 0.2130 | +0.254% | $32K | $649K | 50x | as long as short |
| SunX ENA-USDT | +0.0100% | 4h | 0.2073 | −2.410% | $1K | $843K | 20x | as long as short |
| SoDEX ENA-USD | +0.0100% | 1h | 0.2124 | −0.028% | $4K | $7K | 10x | as long as short |
| HTX ENA-USDT | +0.0100% | 4h | 0.2129 | +0.202% | $277K | $789K | 50x | as long as short |
| Phemex ENAUSDT | +0.0100% | 4h | 0.2124 | −0.028% | $1.9M | $9.0M | 50x | as long as short |
| Paradex ENA-USD-PERP | +0.0100% | 8h | 0.2128 | +0.148% | $48K | $110 | 10x | as long as short |
| Aevo ENA-PERP | +0.0104% | 1h | 0.2124 | −0.017% | $74K | $4K | 3x | as long as short |
| Extended ENA-USD | +0.0144% | 1h | 0.2123 | −0.062% | $1.6M | $4.1M | 50x | as long as short |
| Phoenix ENA | +0.0188% | 1h | 0.2122 | −0.136% | $7K | $291K | 10x | as long as short |
| GMX ENA/USD [ETH-USDC] | L +0.0251% / S −0.0206% | 1h | 0.2124 | −0.028% | $51K | — | 100x | as long as short |
| Lighter ENA | +0.0264% | 1h | 0.2126 | +0.080% | $5.5M | $13.6M | 10x | as long as short |
| Kraken Futures PF_ENAUSD | +0.0283% | 1h | 0.2126 | +0.059% | $2.7M | $4.3M | 50x | as long as short |
| Nado ENA-PERPlong | +0.0375% | 1h | 0.2125 | long leg | $686K | $1.7M | 10x | |
| Reya ENARUSDPERP | +0.0412% | 1h | 0.2124 | −0.029% | $1K | $5K | 15x | as long as short |
| Coinbase International ENA-PERP-INTX | +0.0664% | 1h | 0.2131 | +0.315% | $838K | $1.6M | 50x | as long as short |
Binance ENAUSDT
Bybit ENAUSDT
OKX ENA-USDT-SWAP
Ondo Perps ENA-USD.P
Arcus ENA-USD
Bulk ENA-USD
Gate ENA_USDT
MEXC ENA_USDT
KuCoin ENAUSDTM
Bitget ENAUSDT
BingX ENA-USDC
Backpack ENA_USDC_PERP
Variational Omni ENA
edgeX ENAUSDC
GRVT ENA_USDT_Perp
ApeX Omni ENAUSDT
SunX ENA-USDT
SoDEX ENA-USD
HTX ENA-USDT
Phemex ENAUSDT
Paradex ENA-USD-PERP
Aevo ENA-PERP
Extended ENA-USD
Phoenix ENA
GMX ENA/USD [ETH-USDC]
Lighter ENA
Kraken Futures PF_ENAUSD
Reya ENARUSDPERP
Coinbase International ENA-PERP-INTX