ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0060%/8h= +6.6% APRnext payment +$0.08 per $10,000 · paid last 24h −0.078%

Price spread now: 01 Exchange against Phoenix+0.034%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Phoenix Short on 01 Exchange

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 for this trade now. Funding pays +$2 a day on $10k at the current rate, and 01 Exchange is 0.034% dearer against Phoenix than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix ENA	0.2084	0.0076	pay 0.0009% / 1h	59m 01s	$5K	$352K	10x
Short	01 Exchange ENAUSD	0.2085	0.0136	get 0.0017% / 1h	59m 01s	$4K	$432	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.034%Rate

Funding earned: $12.65
Price spread: +0.034% → 0.000%: $3.36
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $2
Costs to cover: 0.140%
Break-even: 5.9 days

Slippage unknown: Phoenix: live order book, 23 min ago; 01 Exchange: 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, 23 min ago	1.90 bp	16.9 bp −$17	59.7 bp −$597	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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	−0.0078%	4h	0.2086	+0.072%	$40K	$24K	10x	as long as short
Backpack ENA_USDC_PERP	−0.0022%	1h	0.2088	+0.158%	$360K	$487K	5x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2087	+0.110%	$92K	$1.8M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2086	+0.074%	$96K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+1.871%	$522	$57K	5.5x	as long as short
Kraken Futures PF_ENAUSD	+0.0067%	1h	0.2088	+0.160%	$2.6M	$5.8M	50x	as long as short
Phoenix ENAlong	+0.0076%	1h	0.2084	long leg	$5K	$352K	10x
Popdex ENAUSDT	+0.0096%	1h	0.2083	−0.067%	$59K	$538K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2082	−0.110%	$47K	$221	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2083	−0.086%	$653K	$1.8M	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	0.2087	+0.111%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2083	−0.049%	$403K	$587K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2087	+0.117%	$128.3M	$465.0M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2086	+0.086%	$86.7M	$193.8M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2087	+0.125%	$20.2M	$113.1M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2085	+0.014%	$20K	$412K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2084	−0.019%	$81K	$223K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2086	+0.072%	$10.4M	$21.1M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2087	+0.120%	$45.1M	$46.6M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2087	+0.125%	$23.8M	$16.7M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2086	+0.053%	$47.2M	$65.7M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2086	+0.096%	—	$33.0M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2082	−0.111%	$3.8M	$10.4M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2083	−0.072%	$247K	$7.9M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2082	−0.111%	$352K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2082	−0.115%	$31K	$712K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2086	+0.086%	$189K	$2.8M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2035	−2.389%	$1K	$813K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2086	+0.077%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2093	+0.408%	$271K	$1.5M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2086	+0.077%	$1.9M	$9.2M	50x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2083	−0.044%	$88K	$2K	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2087	+0.111%	$77K	$11K	3x	as long as short
01 Exchange ENAUSDshort	+0.0136%	1h	0.2085	+0.034%	$4K	$432	10x
Extended ENA-USD	+0.0192%	1h	0.2086	+0.058%	$1.6M	$4.2M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0216% / S −0.0165%	1h	0.2086	+0.088%	$50K	—	100x	as long as short
Lighter ENA	+0.0312%	1h	0.2089	+0.216%	$5.6M	$12.9M	10x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2086	+0.082%	$5.5M	$8.1M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2085	+0.033%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0576%	1h	0.2086	+0.058%	$797K	$2.1M	50x	as long as short
Hyperliquid ENA	+0.0612%	1h	0.2090	+0.259%	$110.1M	$80.2M	10x	as long as short
dYdX ENA-USD	+0.4846%	1h	0.2084	−0.024%	$138K	$15K	5x	as long as short