ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: Polymarket Perps against Popdex+0.123%7-day average +0.074% · 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−$30as in the Price arb table

costs, in and out, $10k−$350.347% of the position

Long on Popdex Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.005%−$1 on $10k

Price spread, last 4 days (all we have)+0.402%+$40 · spread now +0.123%, 7d avg +0.074%

Together, before fees+0.397%+$40 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Polymarket Perps is 0.049% dearer against Popdex than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.074%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex ENAUSDT	0.2115	0.0096	pay 0.0012% / 1h	54m 34s	$54K	$500K	50x
Short	Polymarket Perps ENA-USD	0.2118	0.0100	get 0.0013% / 1h	54m 34s	$182K	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.123%Rate

Funding earned: $0.84
Price spread: +0.123% → +0.074%: $4.9
Slippage, 4 orders: −$20.33
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$28.99
Costs to cover: 0.347%
Break-even: 248.6 days

Slippage from Popdex: live order book, 9 min ago; Polymarket Perps: 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, 9 min ago	2.35 bp	12.1 bp −$12	64.8 bp −$648	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 4 min ago	2.12 bp	6.6 bp −$7	7.9 bp −$79	doesn't fit	doesn't fit

ENA on 41 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
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2117	+0.109%	$79K	$1.3M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2118	+0.139%	$87K	—	150x	as long as short
Orderly PERP_ENA_USDC	+0.0026%	4h	0.2116	+0.047%	$44K	$27K	10x	as long as short
01 Exchange ENAUSD	+0.0032%	1h	0.2118	+0.128%	$4K	$302	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.397%	$522	$57K	5.5x	as long as short
dYdX ENA-USD	+0.0058%	1h	0.2120	+0.218%	$140K	$15K	5x	as long as short
Popdex ENAUSDTlong	+0.0096%	1h	0.2115	long leg	$54K	$500K	50x
Nado ENA-PERP	+0.0100%	1h	0.2116	+0.035%	$683K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2120	+0.232%	$114.0M	$71.1M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2119	+0.209%	$1.5M	$3.3M	50x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ENA	+0.0100%	1h	0.2118	+0.151%	$414K	$519K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2117	+0.076%	$130.3M	$427.2M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2117	+0.076%	$86.6M	$178.2M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2117	+0.113%	$20.8M	$103.8M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2121	+0.265%	$19K	$383K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2117	+0.095%	$78K	$288K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2117	+0.095%	$93K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2117	+0.095%	$11.1M	$21.1M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2117	+0.090%	$45.5M	$41.6M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2119	+0.170%	$24.6M	$15.8M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2115	+0.005%	$48.2M	$58.3M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2117	+0.080%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2128	+0.615%	$3.8M	$9.9M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2115	+0.001%	$247K	$7.4M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2114	−0.039%	$360K	$4.8M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2115	0.000%	$32K	$646K	50x	as long as short
Polymarket Perps ENA-USDshort	+0.0100%	1h	0.2118	+0.123%	$182K	$2.3M	10x
SunX ENA-USDT	+0.0100%	4h	0.2068	−2.232%	$1K	$841K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2118	+0.142%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2123	+0.374%	$276K	$787K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2118	+0.142%	$1.8M	$8.8M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2118	+0.119%	$47K	$110	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2117	+0.118%	$74K	$4K	3x	as long as short
Extended ENA-USD	+0.0136%	1h	0.2116	+0.045%	$1.6M	$4.1M	50x	as long as short
Lighter ENA	+0.0152%	1h	0.2120	+0.260%	$5.5M	$13.6M	10x	as long as short
Phoenix ENA	+0.0188%	1h	0.2121	+0.279%	$7K	$298K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0251% / S −0.0206%	1h	0.2118	+0.153%	$50K	—	100x	as long as short
Backpack ENA_USDC_PERP	+0.0266%	1h	0.2120	+0.260%	$381K	$359K	5x	as long as short
Kraken Futures PF_ENAUSD	+0.0284%	1h	0.2119	+0.194%	$2.7M	$4.3M	50x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2117	+0.089%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0664%	1h	0.2131	+0.771%	$838K	$1.6M	50x	as long as short