ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0384%/8h= +42.0% APRnext payment +$0.48 per $10,000 · paid last 24h +0.147%

Price spread now: Coinbase International against Popdex+0.268%7-day average +0.167% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$550.551% of the position

Long on Popdex Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.435%+$44 on $10k

Price spread, last 4 days (all we have)−0.068%−$7 · spread now +0.268%, 7d avg +0.167%

Together, before fees+0.367%+$37 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Coinbase International is 0.102% dearer against Popdex than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.167%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex ENAUSDT	0.2086	0.0096	pay 0.0012% / 1h	7m 59s	$55K	$386K	50x
Short	Coinbase International ENA-PERP-INTX	0.2092	0.0480	get 0.0060% / 1h	7m 59s	$767K	$1.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Popdex. 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 PopdexbpFee Coinbase InternationalbpOrdersPrice spread, now +0.268%Rate

Funding earned: $80.64
Price spread: +0.268% → +0.167%: $10.16
Slippage, 4 orders: −$38.71
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $35.69
Costs to cover: 0.551%
Break-even: 3.9 days

Slippage from Popdex: live order book, 39 min ago; Coinbase International: 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 Popdex live order book, 39 min ago	1.19 bp	7.0 bp −$7	72.2 bp −$722	doesn't fit	doesn't fit
Sell Coinbase International live order book, 4 min ago	8.16 bp	21.2 bp −$21	25.5 bp −$255	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
01 Exchange ENAUSD	−0.0184%	1h	0.2087	+0.048%	$4K	$60	10x	as long as short
Orderly PERP_ENA_USDC	−0.0182%	4h	0.2086	−0.019%	$43K	$16K	10x	as long as short
Kraken Futures PF_ENAUSD	−0.0134%	1h	0.2088	+0.075%	$2.6M	$3.0M	50x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2087	+0.043%	$53K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2087	+0.048%	$81K	—	150x	as long as short
Bitget ENAUSDT	+0.0012%	4h	0.2084	−0.072%	$47.5M	$55.7M	75x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2122	+1.721%	$734	$57K	5.5x	as long as short
Lighter ENA	+0.0096%	1h	0.2089	+0.163%	$5.1M	$13.0M	10x	as long as short
Popdex ENAUSDTlong	+0.0096%	1h	0.2086	long leg	$55K	$386K	50x
Paradex ENA-USD-PERP	+0.0100%	8h	0.2087	+0.049%	$47K	—	10x	as long as short

Show all 42 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado ENA-PERP	+0.0100%	1h	0.2086	−0.010%	$538K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2088	+0.115%	$112.0M	$74.1M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2087	+0.050%	$1.3M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2089	+0.136%	$379K	$497K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2086	−0.005%	$124.4M	$402.7M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2086	+0.005%	$83.8M	$183.3M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2086	+0.005%	$20.5M	$97.8M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2081	−0.225%	$32K	$314K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2087	+0.048%	$77K	$219K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2070	−0.768%	$101K	$11K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2087	+0.053%	$14.0M	$27.6M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2087	+0.058%	$43.2M	$42.2M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2089	+0.139%	$24.8M	$14.6M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2087	+0.058%	—	$29.4M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2087	+0.053%	$403K	$471K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2078	−0.378%	$2.8M	$7.7M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2074	−0.594%	$238K	$6.6M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2078	−0.371%	$352K	$4.2M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2076	−0.479%	$18K	$651K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2086	+0.019%	$116K	$2.6M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2037	−2.325%	$1K	$929K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2088	+0.096%	$6K	$5K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2097	+0.542%	$270K	$769K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2087	+0.048%	$1.8M	$9.1M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2085	−0.056%	$1.6M	$4.5M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2087	+0.069%	$73K	$4K	3x	as long as short
Phoenix ENA	+0.0113%	1h	0.2084	−0.105%	$13K	$278K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0304% / S −0.0754%	1h	0.2079	−0.348%	$57K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2084	−0.096%	$5.4M	$3.4M	75x	as long as short
Reya ENARUSDPERP	+0.0411%	1h	0.2087	+0.048%	$1K	—	15x	as long as short
Coinbase International ENA-PERP-INTXshort	+0.0480%	1h	0.2092	+0.268%	$767K	$1.8M	50x
dYdX ENA-USD	+0.0897%	1h	0.2087	+0.058%	$138K	$15K	5x	as long as short