ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.06 per $10,000 · paid last 24h −0.002%

Price spread now: SoDEX against Phoenix−0.217%50s7-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 SoDEX

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—needs both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and SoDEX is 0.217% cheaper against Phoenix than usual: you would sell low and buy high (−$22 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 50 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	0.2116	0.0150	pay 0.0019% / 1h	29m 25s	$8K	$298K	10x
Short	SoDEX ENA-USD	0.2111	0.0100	get 0.0013% / 1h	29m 25s	$3K	$7K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.217%Rate

Funding earned: −$10.51
Price spread: −0.217% → 0.000%: −$21.74
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$47.26
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Phoenix: live order book, 32 min ago; SoDEX: 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, 32 min ago	1.88 bp	16.7 bp −$17	59.6 bp −$596	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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	−0.0009%	4h	0.2109	−0.293%	$44K	$26K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2111	−0.213%	$79K	$1.3M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2110	−0.265%	$82K	—	150x	as long as short
01 Exchange ENAUSD	+0.0008%	1h	0.2111	−0.217%	$4K	$302	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.369%	$522	$57K	5.5x	as long as short
dYdX ENA-USD	+0.0085%	1h	0.2110	−0.253%	$139K	$15K	5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2110	−0.265%	$55K	$497K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2109	−0.307%	$681K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2113	−0.142%	$113.5M	$71.4M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2112	−0.170%	$1.5M	$3.0M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ENA	+0.0100%	1h	0.2112	−0.193%	$412K	$506K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2111	−0.232%	$129.5M	$420.0M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2110	−0.241%	$86.5M	$175.4M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2111	−0.217%	$20.8M	$102.4M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2107	−0.383%	$19K	$364K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2111	−0.217%	$78K	$288K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2115	−0.028%	$93K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2110	−0.269%	$11.1M	$21.3M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2110	−0.251%	$45.4M	$41.9M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2112	−0.170%	$24.6M	$15.7M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2109	−0.326%	$48.1M	$57.7M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2110	−0.274%	—	$32.2M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2112	−0.189%	$374K	$363K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2113	−0.146%	$3.4M	$10.2M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2118	+0.093%	$244K	$7.4M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2113	−0.120%	$357K	$4.9M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2113	−0.123%	$22K	$652K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2111	−0.222%	$183K	$2.3M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2061	−2.576%	$923	$841K	20x	as long as short
SoDEX ENA-USDshort	+0.0100%	1h	0.2111	−0.217%	$3K	$7K	10x
HTX ENA-USDT	+0.0100%	4h	0.2117	+0.066%	$277K	$781K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2112	−0.170%	$1.9M	$8.9M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2111	−0.235%	$47K	$110	10x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2110	−0.265%	$1.6M	$4.1M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2111	−0.217%	$74K	$4K	3x	as long as short
Phoenix ENAlong	+0.0150%	1h	0.2116	long leg	$8K	$298K	10x
GMX ENA/USD [ETH-USDC]	L +0.0251% / S −0.0206%	1h	0.2110	−0.273%	$50K	—	100x	as long as short
Kraken Futures PF_ENAUSD	+0.0285%	1h	0.2113	−0.123%	$2.7M	$4.3M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2115	−0.043%	$5.6M	$3.1M	75x	as long as short
Lighter ENA	+0.0384%	1h	0.2114	−0.085%	$5.5M	$13.6M	10x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2110	−0.266%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0664%	1h	0.2118	+0.095%	$833K	$1.5M	50x	as long as short