ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0301%/8h= +33.0% APRnext payment +$0.38 per $10,000 · paid last 24h +0.093%

Price spread now: Reya against Phoenix−0.374%59s7-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 Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.374% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.374% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$37 on $10k: about 4.1 days of funding at the current rate (+$9 a day). The two prices were read 59 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	0.2147	0.0110	pay 0.0014% / 1h	45m 48s	$8K	$276K	10x
Short	Reya ENARUSDPERP	0.2139	0.0412	get 0.0051% / 1h	45m 48s	$1K	$5K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.374%Rate

Funding earned: $63.23
Price spread: −0.374% → 0.000%: −$37.45
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Reya: 3 bp × 2 orders: −$6
Net: $12.79
Costs to cover: 0.130%
Break-even: 5.6 days

Slippage unknown: Phoenix: live order book, 60 min ago; Reya: 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, 60 min ago	1.89 bp	16.8 bp −$17	59.4 bp −$594	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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	−0.0135%	4h	0.2141	−0.284%	$44K	$26K	10x	as long as short
01 Exchange ENAUSD	−0.0008%	1h	0.2140	−0.354%	$4K	$277	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2142	−0.256%	$66K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2141	−0.267%	$82K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−1.104%	$522	$57K	5.5x	as long as short
dYdX ENA-USD	+0.0044%	1h	0.2142	−0.244%	$141K	$16K	5x	as long as short
Lighter ENA	+0.0096%	1h	0.2142	−0.219%	$5.1M	$13.3M	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2139	−0.377%	$57K	$481K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2140	−0.347%	$566K	$1.8M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2142	−0.228%	$115.5M	$76.5M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ENAUSDT	+0.0100%	4h	0.2143	−0.203%	$1.4M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2141	−0.299%	$404K	$540K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2142	−0.225%	$129.3M	$428.2M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2140	−0.321%	$85.5M	$181.5M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2141	−0.293%	$21.4M	$109.2M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2140	−0.331%	$20K	$319K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2139	−0.377%	$79K	$281K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2148	+0.054%	$94K	$511	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2142	−0.242%	$12.4M	$26.0M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2143	−0.186%	$48.4M	$42.2M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2143	−0.182%	$24.8M	$15.8M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2140	−0.317%	$48.6M	$60.1M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2142	−0.233%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2149	+0.102%	$3.1M	$10.2M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2142	−0.232%	$256K	$7.1M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2148	+0.042%	$355K	$5.0M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2142	−0.238%	$19K	$649K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2141	−0.303%	$188K	$2.6M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2089	−2.715%	$1K	$898K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2144	−0.144%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2147	−0.023%	$269K	$824K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2141	−0.284%	$1.8M	$8.9M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2140	−0.312%	$48K	$110	10x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2142	−0.227%	$1.6M	$4.3M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2141	−0.265%	$75K	$4K	3x	as long as short
Phoenix ENAlong	+0.0110%	1h	0.2147	long leg	$8K	$276K	10x
GMX ENA/USD [ETH-USDC]	L +0.0308% / S −0.0753%	1h	0.2141	−0.271%	$59K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2141	−0.293%	$5.7M	$3.2M	75x	as long as short
Reya ENARUSDPERPshort	+0.0412%	1h	0.2139	−0.374%	$1K	$5K	15x
Kraken Futures PF_ENAUSD	+0.0440%	1h	0.2142	−0.217%	$2.6M	$4.3M	50x	as long as short
Coinbase International ENA-PERP-INTX	+0.0616%	1h	0.2149	+0.065%	$886K	$1.8M	50x	as long as short
Backpack ENA_USDC_PERP	+0.0621%	1h	0.2144	−0.144%	$392K	$432K	5x	as long as short