ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0046%/8h= −5.1% APRnext payment −$0.06 per $10,000 · paid last 24h −0.005%

Price spread now: Aevo against Phoenix−0.028%7-day average — · you buy dearer than you sell

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

Long on Phoenix Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days−0.089%−$9 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Aevo is 0.028% cheaper against Phoenix than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix ENA	0.2119	0.0150	pay 0.0019% / 1h	36m 23s	$7K	$347K	10x
Short	Aevo ENA-PERP	0.2118	0.0104	get 0.0013% / 1h	36m 23s	$74K	$4K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Phoenix. 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 PhoenixbpFee AevobpOrdersPrice spread, now −0.028%Rate

Funding earned: −$9.72
Price spread: −0.028% → 0.000%: −$2.78
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$35.51
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Phoenix: live order book, 34 min ago; Aevo: no order-book sample. 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 Phoenix live order book, 34 min ago	1.88 bp	16.7 bp −$17	59.4 bp −$594	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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
Backpack ENA_USDC_PERP	−0.0003%	1h	0.2120	+0.042%	$377K	$415K	5x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2119	−0.009%	$86K	$1.7M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2116	−0.141%	$97K	—	150x	as long as short
Orderly PERP_ENA_USDC	+0.0026%	4h	0.2115	−0.160%	$41K	$23K	10x	as long as short
dYdX ENA-USD	+0.0033%	1h	0.2119	+0.009%	$140K	$15K	5x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.217%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2116	−0.132%	$62K	$524K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2117	−0.068%	$674K	$1.7M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2119	−0.007%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2118	−0.047%	$410K	$552K	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	0.2116	−0.121%	$131.2M	$445.2M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2115	−0.170%	$89.0M	$186.5M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2115	−0.175%	$20.8M	$108.9M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2119	−0.014%	$15K	$399K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2120	+0.057%	$105K	$242K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2117	−0.109%	$89K	−$0	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2115	−0.160%	$10.8M	$20.8M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2116	−0.127%	$46.2M	$44.2M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2118	−0.038%	$24.4M	$16.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2115	−0.179%	$48.0M	$61.7M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2116	−0.151%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2118	−0.037%	$3.9M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2117	−0.063%	$247K	$7.5M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2117	−0.085%	$356K	$4.7M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2118	−0.038%	$34K	$709K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2116	−0.127%	$179K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2069	−2.341%	$805	$828K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2118	−0.038%	$4K	$10K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2121	+0.118%	$275K	$1.4M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2119	+0.009%	$1.9M	$9.4M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2117	−0.070%	$47K	$221	10x	as long as short
Aevo ENA-PERPshort	+0.0104%	1h	0.2118	−0.028%	$74K	$4K	3x
Phoenix ENAlong	+0.0150%	1h	0.2119	long leg	$7K	$347K	10x
01 Exchange ENAUSD	+0.0224%	1h	0.2118	−0.047%	$4K	$302	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0236%	1h	0.2120	+0.074%	$2.7M	$5.1M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0250% / S −0.0434%	1h	0.2115	−0.161%	$38K	—	100x	as long as short
Extended ENA-USD	+0.0272%	1h	0.2117	−0.085%	$1.6M	$4.3M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2119	+0.009%	$5.6M	$2.8M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2115	−0.176%	$1K	$5K	15x	as long as short
Lighter ENA	+0.0600%	1h	0.2120	+0.080%	$5.6M	$12.6M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0608%	1h	0.2120	+0.047%	$837K	$1.9M	50x	as long as short
Hyperliquid ENA	+0.0699%	1h	0.2119	+0.019%	$114.3M	$75.3M	10x	as long as short