ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0024%/8h= +2.7% APRnext payment +$0.03 per $10,000 · paid last 24h −0.003%

Price spread now: Arcus against Phoenix−0.024%7-day average −0.077% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$590.586% of the position

Long on Phoenix Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.134%−$13 on $10k

Price spread, last 4 days (all we have)−0.330%−$33 · spread now −0.024%, 7d avg −0.077%

Together, before fees−0.464%−$46 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Arcus is 0.053% dearer against Phoenix than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.077%. Mind the row above: over the last 4 days funding on this pair cost −0.134%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix ENA	0.2119	0.0076	pay 0.0009% / 1h	20m 56s	$8K	$266K	10x
Short	Arcus ENA-USD	0.2118	0.0100	get 0.0013% / 1h	20m 56s	$79K	$276K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now −0.024%Rate

Funding earned: $5.09
Price spread: −0.024% → −0.077%: $5.3
Slippage, 4 orders: −$47.07
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$48.17
Costs to cover: 0.586%
Break-even: 73.2 days

Slippage from Phoenix: live order book, 35 min ago; Arcus: live order book, 37 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 Phoenix live order book, 35 min ago	1.90 bp	16.8 bp −$17	59.2 bp −$592	doesn't fit	doesn't fit
Sell Arcus live order book, 37 min ago	9.48 bp	12.5 bp −$12	26.6 bp −$266	doesn't fit	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
Backpack ENA_USDC_PERP	−0.0173%	1h	0.2120	+0.094%	$364K	$397K	5x	as long as short
01 Exchange ENAUSD	−0.0072%	1h	0.2118	−0.024%	$4K	$302	10x	as long as short
Orderly PERP_ENA_USDC	−0.0069%	4h	0.2118	−0.005%	$44K	$25K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2119	+0.033%	$79K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2119	+0.007%	$82K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.231%	$522	$57K	5.5x	as long as short
Phoenix ENAlong	+0.0076%	1h	0.2119	long leg	$8K	$266K	10x
Popdex ENAUSDT	+0.0096%	1h	0.2118	−0.024%	$56K	$475K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2118	−0.007%	$47K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2117	−0.059%	$657K	$1.7M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid ENA	+0.0100%	1h	0.2123	+0.231%	$115.7M	$75.0M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2120	+0.087%	$1.5M	$2.9M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2119	+0.017%	$405K	$516K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2121	+0.129%	$129.2M	$416.4M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2119	+0.047%	$85.6M	$175.3M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2120	+0.080%	$20.9M	$103.7M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2118	−0.019%	$18K	$317K	5x	as long as short
Arcus ENA-USDshort	+0.0100%	1h	0.2118	−0.024%	$79K	$276K	10x
Bulk ENA-USD	+0.0100%	1h	0.2117	−0.094%	$93K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2119	+0.047%	$11.1M	$22.1M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2121	+0.109%	$46.2M	$41.5M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2121	+0.118%	$24.7M	$15.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2118	−0.024%	$48.1M	$57.5M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2121	+0.113%	—	$32.3M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2118	−0.021%	$3.1M	$10.0M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2118	−0.019%	$245K	$6.9M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2118	−0.030%	$350K	$5.0M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2118	−0.024%	$20K	$647K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2120	+0.066%	$183K	$2.3M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2067	−2.422%	$1K	$848K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2119	+0.024%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2121	+0.127%	$274K	$797K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2119	+0.024%	$1.8M	$8.8M	50x	as long as short
Lighter ENA	+0.0104%	1h	0.2122	+0.160%	$5.2M	$13.5M	10x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2120	+0.082%	$1.6M	$4.1M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2119	+0.025%	$74K	$4K	3x	as long as short
dYdX ENA-USD	+0.0135%	1h	0.2119	+0.004%	$140K	$15K	5x	as long as short
Kraken Futures PF_ENAUSD	+0.0242%	1h	0.2120	+0.075%	$2.6M	$4.3M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0291% / S −0.0316%	1h	0.2119	+0.011%	$65K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2120	+0.061%	$5.5M	$3.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2119	+0.018%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0632%	1h	0.2127	+0.397%	$869K	$1.7M	50x	as long as short