ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0066%/8h= +7.2% APRnext payment +$0.08 per $10,000 · paid last 24h +0.012%

Price spread now: Extended against Phoenix−0.011%68s7-day average −0.153% · you buy dearer than you sell

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$450.454% of the position

Long on Phoenix Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.070%−$7 on $10k

Price spread, last 4 days (all we have)−0.289%−$29 · spread now −0.011%, 7d avg −0.153%

Together, before fees−0.359%+ Points / potential airdropExtended: Active · farm board−$36 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Extended is 0.143% dearer against Phoenix than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.153%. Mind the row above: over the last 7 days funding on this pair cost −0.070%, so the current rate has only just turned in your favour. The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix ENA	0.2096	0.0038	pay 0.0005% / 1h	8m 02s	$13K	$290K	10x
Short	Extended ENA-USD	0.2095	0.0104	get 0.0013% / 1h	8m 02s	$1.6M	$4.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.011%Rate

Funding earned: $13.79
Price spread: −0.011% → −0.153%: $14.26
Slippage, 4 orders: −$33.41
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$17.36
Costs to cover: 0.454%
Break-even: 15.8 days

Slippage from Phoenix: live order book, 32 min ago; Extended: 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 Phoenix live order book, 32 min ago	1.89 bp	16.8 bp −$17	59.5 bp −$595	doesn't fit	doesn't fit
Sell Extended live order book, 4 min ago	1.19 bp	6.7 bp −$7	10.6 bp −$106	doesn't fit	doesn't fit

ENA on 42 exchanges

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	−0.0147%	4h	0.2095	−0.029%	$43K	$16K	10x	as long as short
Kraken Futures PF_ENAUSD	−0.0099%	1h	0.2097	+0.059%	$2.6M	$3.0M	50x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2096	+0.038%	$65K	$1.0M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2096	−0.002%	$81K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2122	+1.255%	$734	$57K	5.5x	as long as short
Phoenix ENAlong	+0.0038%	1h	0.2096	long leg	$13K	$290K	10x
01 Exchange ENAUSD	+0.0080%	1h	0.2096	+0.019%	$4K	—	10x	as long as short
Bitget ENAUSDT	+0.0084%	4h	0.2095	−0.048%	$47.5M	$53.1M	75x	as long as short
Lighter ENA	+0.0096%	1h	0.2098	+0.095%	$5.0M	$12.2M	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2095	−0.029%	$53K	$391K	50x	as long as short

Show all 42 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex ENA-USD-PERP	+0.0100%	8h	0.2094	−0.064%	$47K	—	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2096	+0.026%	$544K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2098	+0.100%	$111.9M	$73.5M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2097	+0.067%	$1.2M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2096	+0.008%	$380K	$481K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2095	−0.005%	$124.2M	$395.5M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2096	+0.024%	$84.3M	$180.9M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2095	−0.048%	$20.5M	$95.5M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2093	−0.105%	$37K	$294K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2096	+0.019%	$77K	$213K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2099	+0.175%	$103K	$11K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2096	+0.010%	$14.4M	$27.5M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2096	+0.029%	$43.4M	$40.5M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2097	+0.086%	$24.8M	$14.1M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2096	+0.019%	—	$6.5M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2097	+0.048%	$404K	$449K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2093	−0.101%	$2.9M	$7.6M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2099	+0.156%	$240K	$6.4M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2096	+0.008%	$357K	$4.1M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2095	−0.029%	$19K	$650K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2095	−0.019%	$121K	$2.7M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2045	−2.410%	$1K	$934K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2096	+0.019%	$6K	$5K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2103	+0.353%	$270K	$743K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2096	+0.019%	$1.7M	$9.2M	50x	as long as short
Extended ENA-USDshort	+0.0104%	1h	0.2095	−0.011%	$1.6M	$4.5M	50x
Aevo ENA-PERP	+0.0104%	1h	0.2099	+0.138%	$73K	$4K	3x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2098	+0.100%	$5.5M	$3.3M	75x	as long as short
Reya ENARUSDPERP	+0.0411%	1h	0.2095	−0.037%	$1K	—	15x	as long as short
dYdX ENA-USD	+0.0493%	1h	0.2096	+0.031%	$139K	$17K	5x	as long as short
Coinbase International ENA-PERP-INTX	+0.0520%	1h	0.2098	+0.110%	$766K	$1.7M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0522% / S −0.0754%	1h	0.2096	+0.010%	$58K	—	100x	as long as short