ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0384%/8h= −42.1% APRnext payment −$0.48 per $10,000 · paid last 24h −0.037%

Price spread now: Backpack against SoDEX+0.043%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on Backpack

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

The price spread pays, funding is against you. Backpack is 0.043% dearer against SoDEX than usual: you sell high and buy low (spread +0.043% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 9 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX ENA-USD	0.2087	0.0100	pay 0.0013% / 1h	8m 03s	$4K	$14K	10x
Short	Backpack ENA_USDC_PERP	0.2088	−0.0284	pay 0.0036% / 1h	8m 03s	$360K	$483K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against SoDEX. 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 SoDEXbpFee BackpackbpOrdersPrice spread, now +0.043%Rate

Funding earned: −$80.71
Price spread: +0.043% → 0.000%: $4.31
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$94.4
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; Backpack: live order book, 16 min ago. 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 SoDEX no order-book sample	—	—	—	—	—
Sell Backpack live order book, 16 min ago	0.24 bp	8.2 bp −$8	40.9 bp −$409	doesn't fit	doesn't fit

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
Backpack ENA_USDC_PERPshort	−0.0284%	1h	0.2088	+0.043%	$360K	$483K	5x
Orderly PERP_ENA_USDC	−0.0080%	4h	0.2087	−0.010%	$41K	$23K	10x	as long as short
01 Exchange ENAUSD	0.0000%	1h	0.2088	+0.062%	$4K	$432	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2088	+0.053%	$92K	$1.8M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2088	+0.051%	$96K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+1.744%	$522	$57K	5.5x	as long as short
Phoenix ENA	+0.0076%	1h	0.2094	+0.359%	$5K	$394K	10x	as long as short
Gate ENA_USDT	+0.0078%	4h	0.2087	+0.019%	$10.4M	$21.8M	50x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2087	0.000%	$59K	$538K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2089	+0.091%	$47K	$221	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado ENA-PERP	+0.0100%	1h	0.2089	+0.103%	$655K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2088	+0.052%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2090	+0.127%	$404K	$592K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2087	−0.017%	$128.4M	$465.3M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2086	−0.029%	$86.9M	$193.4M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2087	+0.019%	$20.1M	$113.1M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2088	+0.043%	$19K	$417K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2091	+0.192%	$82K	$223K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2087	−0.007%	$88K	$2K	10x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2087	−0.010%	$45.3M	$49.4M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2088	+0.048%	$23.9M	$16.7M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2086	−0.029%	$47.2M	$65.8M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2087	−0.005%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2085	−0.072%	$3.8M	$10.4M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2087	−0.010%	$248K	$7.9M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2087	−0.021%	$349K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2088	+0.048%	$32K	$711K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2088	+0.062%	$182K	$2.9M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2039	−2.314%	$1K	$811K	20x	as long as short
SoDEX ENA-USDlong	+0.0100%	1h	0.2087	long leg	$4K	$14K	10x
HTX ENA-USDT	+0.0100%	4h	0.2093	+0.307%	$271K	$1.5M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2087	0.000%	$1.9M	$9.3M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2088	+0.046%	$77K	$11K	3x	as long as short
Kraken Futures PF_ENAUSD	+0.0104%	1h	0.2089	+0.102%	$2.6M	$5.8M	50x	as long as short
Extended ENA-USD	+0.0176%	1h	0.2087	−0.018%	$1.6M	$4.2M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0215% / S −0.0164%	1h	0.2087	+0.022%	$50K	—	100x	as long as short
Lighter ENA	+0.0304%	1h	0.2090	+0.163%	$5.6M	$13.2M	10x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2091	+0.168%	$5.5M	$8.1M	75x	as long as short
Hyperliquid ENA	+0.0346%	1h	0.2090	+0.129%	$110.1M	$80.1M	10x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2087	+0.006%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0536%	1h	0.2090	+0.125%	$800K	$2.1M	50x	as long as short
dYdX ENA-USD	+0.5218%	1h	0.2091	+0.169%	$138K	$15K	5x	as long as short