ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0516%/8h= +56.5% APRnext payment +$0.64 per $10,000 · paid last 24h +0.145%

Price spread now: Coinbase International against Ondo Perps+0.391%7-day average +0.122% · you sell dearer than you buy

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

Long on Ondo Perps Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.505%+$50 on $10k

Price spread, last 4 days (all we have)−0.215%−$22 · spread now +0.391%, 7d avg +0.122%

Together, before fees+0.289%+ Points / potential airdropOndo Perps: Active · farm board+$29 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Coinbase International is 0.269% dearer against Ondo Perps than usual: you sell high and buy low: +$27 more if the spread goes back to its 7-day average of +0.122%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps ENA-USD.P	0.2097	0.0100	pay 0.0013% / 1h	2m 08s	$33K	$316K	5x
Short	Coinbase International ENA-PERP-INTX	0.2105	0.0616	get 0.0077% / 1h	2m 08s	$868K	$1.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Ondo Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Ondo PerpsbpFee Coinbase InternationalbpOrdersPrice spread, now +0.391%Rate

Funding earned: $108.36
Price spread: +0.391% → +0.122%: $26.92
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $120.28
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Ondo Perps: no order-book sample; Coinbase International: live order book, 2 min ago. 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 2 min ago	10.44 bp	18.5 bp −$19	23.6 bp −$236	doesn't fit	doesn't fit

Ondo Perps: 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 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	−0.0100%	4h	0.2105	+0.362%	$44K	$26K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2105	+0.405%	$54K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2105	+0.401%	$81K	—	150x	as long as short
01 Exchange ENAUSD	+0.0008%	1h	0.2106	+0.424%	$4K	$277	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+1.259%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2106	+0.429%	$55K	$480K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2104	+0.350%	$47K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2104	+0.358%	$557K	$1.8M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2106	+0.424%	$113.8M	$75.5M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2105	+0.381%	$1.4M	$3.3M	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	0.2104	+0.349%	$399K	$542K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2104	+0.346%	$127.4M	$426.5M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2103	+0.272%	$90.3M	$187.1M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2105	+0.381%	$21.1M	$107.1M	50x	as long as short
Ondo Perps ENA-USD.Plong	+0.0100%	1h	0.2097	long leg	$33K	$316K	5x
Arcus ENA-USD	+0.0100%	1h	0.2105	+0.381%	$78K	$281K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2122	+1.189%	$93K	$511	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2105	+0.362%	$12.5M	$26.8M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2104	+0.353%	$38.0M	$43.5M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2105	+0.405%	$24.6M	$15.7M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2102	+0.262%	$47.6M	$59.7M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2104	+0.353%	—	$31.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2113	+0.757%	$3.1M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2109	+0.566%	$256K	$7.1M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2108	+0.525%	$361K	$4.9M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2108	+0.525%	$19K	$647K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2106	+0.448%	$182K	$2.6M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2055	−1.984%	$1K	$903K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2105	+0.381%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2110	+0.629%	$265K	$826K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2106	+0.429%	$1.8M	$8.8M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2103	+0.297%	$1.6M	$4.3M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2105	+0.384%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0110%	1h	0.2112	+0.720%	$8K	$276K	10x	as long as short
Lighter ENA	+0.0136%	1h	0.2107	+0.472%	$5.0M	$13.8M	10x	as long as short
Backpack ENA_USDC_PERP	+0.0172%	1h	0.2106	+0.410%	$388K	$456K	5x	as long as short
dYdX ENA-USD	+0.0289%	1h	0.2105	+0.383%	$139K	$16K	5x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0306% / S −0.0753%	1h	0.2106	+0.407%	$58K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2102	+0.229%	$5.6M	$3.3M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2104	+0.348%	$1K	—	15x	as long as short
Kraken Futures PF_ENAUSD	+0.0448%	1h	0.2106	+0.407%	$2.6M	$4.4M	50x	as long as short
Coinbase International ENA-PERP-INTXshort	+0.0616%	1h	0.2105	+0.391%	$868K	$1.8M	50x