ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0024%/8h= +2.7% APRnext payment +$0.03 per $10,000 · paid last 24h −0.015%

Price spread now: Pacifica against Phoenix−0.072%47s7-day average −0.104% · you buy dearer than you sell

Net, funding: paid 7d − costs−$61as 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−$510.509% of the position

Long on Phoenix Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.105%−$11 on $10k

Price spread, last 3 days (all we have)−0.194%−$19 · spread now −0.072%, 7d avg −0.104%

Together, before fees−0.299%+ Points / potential airdropPacifica: Active · farm board−$30 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 Pacifica is 0.033% dearer against Phoenix than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.104%. Mind the row above: over the last 7 days funding on this pair cost −0.105%, so the current rate has only just turned in your favour. The two prices were read 47 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	0.2110	0.0076	pay 0.0009% / 1h	22m 14s	$5K	$394K	10x
Short	Pacifica ENA	0.2109	0.0100	get 0.0013% / 1h	22m 14s	$407K	$595K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.072%Rate

Funding earned: $5.09
Price spread: −0.072% → −0.104%: $3.28
Slippage, 4 orders: −$35.89
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$42.52
Costs to cover: 0.509%
Break-even: 65.5 days

Slippage from Phoenix: live order book, 64 min ago; Pacifica: live order book, 66 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, 64 min ago	1.87 bp	16.7 bp −$17	59.4 bp −$594	doesn't fit	doesn't fit
Sell Pacifica live order book, 66 min ago	2.11 bp	9.2 bp −$9	doesn't fit	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	−0.0263%	1h	0.2107	−0.156%	$363K	$484K	5x	as long as short
Orderly PERP_ENA_USDC	−0.0082%	4h	0.2106	−0.204%	$41K	$23K	10x	as long as short
01 Exchange ENAUSD	−0.0016%	1h	0.2109	−0.076%	$4K	$432	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2107	−0.142%	$93K	$1.9M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2109	−0.079%	$97K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.611%	$522	$57K	5.5x	as long as short
Gate ENA_USDT	+0.0040%	4h	0.2109	−0.095%	$10.5M	$21.7M	50x	as long as short
Phoenix ENAlong	+0.0076%	1h	0.2110	long leg	$5K	$394K	10x
Popdex ENAUSDT	+0.0096%	1h	0.2109	−0.071%	$60K	$540K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2108	−0.120%	$47K	$221	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado ENA-PERP	+0.0100%	1h	0.2108	−0.109%	$662K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2110	−0.034%	$1.5M	$3.3M	50x	as long as short
Pacifica ENAshort	+0.0100%	1h	0.2109	−0.072%	$407K	$595K	10x
Binance ENAUSDT	+0.0100%	4h	0.2107	−0.174%	$129.9M	$466.6M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2106	−0.204%	$88.0M	$193.7M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2107	−0.185%	$20.3M	$114.4M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2113	+0.109%	$19K	$432K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2110	−0.024%	$83K	$223K	10x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2107	−0.166%	$45.8M	$49.1M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2108	−0.118%	$24.4M	$16.5M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2105	−0.275%	$47.7M	$66.4M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2106	−0.204%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2111	+0.034%	$3.6M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2109	−0.089%	$251K	$8.0M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2110	−0.020%	$360K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2110	−0.024%	$33K	$711K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2110	−0.033%	$184K	$3.0M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2056	−2.573%	$1K	$808K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2106	−0.213%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2112	+0.066%	$274K	$1.6M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2106	−0.213%	$1.9M	$9.3M	50x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2100	−0.477%	$89K	$2K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0104%	1h	0.2107	−0.147%	$2.7M	$5.8M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2107	−0.166%	$77K	$11K	3x	as long as short
Extended ENA-USD	+0.0112%	1h	0.2106	−0.204%	$1.6M	$4.2M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0214% / S −0.0162%	1h	0.2108	−0.099%	$50K	—	100x	as long as short
Lighter ENA	+0.0328%	1h	0.2109	−0.057%	$5.7M	$13.2M	10x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2108	−0.109%	$5.5M	$8.2M	75x	as long as short
Hyperliquid ENA	+0.0345%	1h	0.2112	+0.062%	$111.4M	$80.6M	10x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2109	−0.082%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0536%	1h	0.2113	+0.118%	$807K	$2.2M	50x	as long as short
dYdX ENA-USD	+0.6695%	1h	0.2110	−0.005%	$139K	$15K	5x	as long as short