Funding you earn now, next payment 22:00 UTC+0.0015%/8h= +1.7% APRpaid last 24h +0.013%
Price spread now: Phoenix against Variational Omni+0.044%54s7-day average +0.105% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.135%+$13 on $10k
+Price spread, last 3 days (all we have)+0.323%+$32 · spread now +0.044%, 7d avg +0.105%
=Together, before fees+0.458%+ Points / potential airdropVariational Omni: Active · farm board+$46 on $10k · with fees, hour by hour
Funding pays, the price is against you. Phoenix is 0.061% cheaper against Variational Omni than usual: you would sell low and buy high (spread +0.044% now, against its 7-day average of +0.105%). If the spread goes back, that is −$6 on $10k: about 13 days of funding at the current rate ($0 a day). At the pace of the last 3 days (+0.135% in total) that is about 36 hours. The two prices were read 54 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 | Variational Omni ENA | 0.2090 | 0.0100 | pay 0.0050% / 4h | 1h 28m | $3.8M | $10.3M | — |
| Short | Phoenix ENA | 0.2091 | 0.0115 | get 0.0014% / 1h | 28m 31s | $5K | $356K | 10x |
Variational Omni ENA
Phoenix ENAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Variational Omni. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $3.18
- Price spread: +0.044% → +0.105%
- −$6.1
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$9.92
- Costs to cover
- 0.070%
- Break-even
- 28.8 days
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Phoenix: live order book, 53 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 Variational Omni RFQ quote, 1 min ago | 7.19 bp | doesn't fit | 16.8 bp −$168 | 55.1 bp −$5,509 | doesn't fit |
| Sell Phoenix live order book, 53 min ago | 1.90 bp | 16.9 bp −$17 | 51.9 bp −$519 | doesn't fit | doesn't fit |
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_PERP | −0.0090% | 1h | 0.2094 | +0.221% | $361K | $458K | 5x | as long as short |
| Orderly PERP_ENA_USDC | −0.0061% | 4h | 0.2092 | +0.106% | $40K | $24K | 10x | as long as short |
| Deribit ENA_USDC-PERPETUAL | 0.0000% | 1h | 0.2092 | +0.135% | $93K | $1.8M | 50x | as long as short |
| gTrade (Gains Network) ENA/USD | L +0.0003% / S −0.0003% | 1h | 0.2093 | +0.140% | $96K | — | 150x | as long as short |
| Injective ENA/USDC PERP | +0.0033% | 1h | 0.2123 | +1.613% | $522 | $57K | 5.5x | as long as short |
| Kraken Futures PF_ENAUSD | +0.0066% | 1h | 0.2094 | +0.227% | $2.6M | $5.6M | 50x | as long as short |
| Popdex ENAUSDT | +0.0096% | 1h | 0.2093 | +0.158% | $61K | $537K | 50x | as long as short |
| Paradex ENA-USD-PERP | +0.0100% | 8h | 0.2093 | +0.178% | $47K | $221 | 10x | as long as short |
| Nado ENA-PERP | +0.0100% | 1h | 0.2093 | +0.144% | $658K | $1.8M | 10x | as long as short |
| Aster ENAUSDT | +0.0100% | 4h | 0.2094 | +0.184% | $1.5M | $3.3M | 50x | as long as short |
Backpack ENA_USDC_PERP
Orderly PERP_ENA_USDC
Deribit ENA_USDC-PERPETUAL
gTrade (Gains Network) ENA/USD
Injective ENA/USDC PERP
Kraken Futures PF_ENAUSD
Popdex ENAUSDT
Paradex ENA-USD-PERP
Nado ENA-PERP
Aster ENAUSDTShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica ENA | +0.0100% | 1h | 0.2094 | +0.218% | $405K | $578K | 10x | as long as short |
| Binance ENAUSDT | +0.0100% | 4h | 0.2094 | +0.187% | $129.0M | $457.4M | 75x | as long as short |
| Bybit ENAUSDT | +0.0100% | 4h | 0.2092 | +0.106% | $87.0M | $191.2M | 50x | as long as short |
| OKX ENA-USDT-SWAP | +0.0100% | 4h | 0.2092 | +0.115% | $20.2M | $111.8M | 50x | as long as short |
| Ondo Perps ENA-USD.P | +0.0100% | 1h | 0.2091 | +0.058% | $15K | $405K | 5x | as long as short |
| Arcus ENA-USD | +0.0100% | 1h | 0.2094 | +0.206% | $82K | $222K | 10x | as long as short |
| Bulk ENA-USD | +0.0100% | 1h | 0.2088 | −0.057% | $88K | $500 | 10x | as long as short |
| Gate ENA_USDT | +0.0100% | 4h | 0.2093 | +0.173% | $10.4M | $21.3M | 50x | as long as short |
| MEXC ENA_USDT | +0.0100% | 4h | 0.2095 | +0.245% | $45.3M | $46.8M | 200x | as long as short |
| KuCoin ENAUSDTM | +0.0100% | 4h | 0.2095 | +0.235% | $23.8M | $16.5M | 75x | as long as short |
| Bitget ENAUSDT | +0.0100% | 4h | 0.2092 | +0.120% | $47.3M | $65.2M | 75x | as long as short |
| BingX ENA-USDT | +0.0100% | 4h | 0.2094 | +0.211% | — | $32.9M | — | as long as short |
| Variational Omni ENAlong | +0.0100% | 4h | 0.2090 | long leg | $3.8M | $10.3M | — | |
| edgeX ENAUSDC | +0.0100% | 4h | 0.2095 | +0.257% | $249K | $7.8M | 20x | as long as short |
| GRVT ENA_USDT_Perp | +0.0100% | 4h | 0.2090 | +0.015% | $347K | $4.6M | 10x | as long as short |
| ApeX Omni ENAUSDT | +0.0100% | 1h | 0.2095 | +0.254% | $32K | $712K | 50x | as long as short |
| Polymarket Perps ENA-USD | +0.0100% | 1h | 0.2092 | +0.111% | $183K | $2.7M | 10x | as long as short |
| SunX ENA-USDT | +0.0100% | 4h | 0.2043 | −2.253% | $1K | $815K | 20x | as long as short |
| SoDEX ENA-USD | +0.0100% | 1h | 0.2093 | +0.158% | $4K | $14K | 10x | as long as short |
| HTX ENA-USDT | +0.0100% | 4h | 0.2095 | +0.254% | $272K | $1.5M | 50x | as long as short |
| Phemex ENAUSDT | +0.0100% | 4h | 0.2092 | +0.111% | $1.9M | $9.2M | 50x | as long as short |
| Aevo ENA-PERP | +0.0104% | 1h | 0.2093 | +0.151% | $77K | $11K | 3x | as long as short |
| 01 Exchange ENAUSD | +0.0112% | 1h | 0.2095 | +0.235% | $4K | $432 | 10x | as long as short |
| Phoenix ENAshort | +0.0115% | 1h | 0.2091 | +0.044% | $5K | $356K | 10x | |
| GMX ENA/USD [ETH-USDC] | L +0.0233% / S −0.0393% | 1h | 0.2092 | +0.128% | $38K | — | 100x | as long as short |
| Extended ENA-USD | +0.0296% | 1h | 0.2093 | +0.173% | $1.6M | $4.2M | 50x | as long as short |
| BloFin ENA-USDT | +0.0340% | 4h | 0.2093 | +0.163% | $5.5M | $8.0M | 75x | as long as short |
| Reya ENARUSDPERP | +0.0412% | 1h | 0.2092 | +0.093% | $1K | $5K | 15x | as long as short |
| Lighter ENA | +0.0528% | 1h | 0.2096 | +0.307% | $5.6M | $12.9M | 10x | as long as short |
| Coinbase International ENA-PERP-INTX | +0.0576% | 1h | 0.2092 | +0.111% | $804K | $2.1M | 50x | as long as short |
| Hyperliquid ENA | +0.0577% | 1h | 0.2096 | +0.307% | $110.7M | $79.6M | 10x | as long as short |
| dYdX ENA-USD | +0.1924% | 1h | 0.2092 | +0.126% | $138K | $15K | 5x | as long as short |
Pacifica ENA
Binance ENAUSDT
Bybit ENAUSDT
OKX ENA-USDT-SWAP
Ondo Perps ENA-USD.P
Arcus ENA-USD
Bulk ENA-USD
Gate ENA_USDT
MEXC ENA_USDT
KuCoin ENAUSDTM
Bitget ENAUSDT
BingX ENA-USDT
edgeX ENAUSDC
GRVT ENA_USDT_Perp
ApeX Omni ENAUSDT
Polymarket Perps ENA-USD
SunX ENA-USDT
SoDEX ENA-USD
HTX ENA-USDT
Phemex ENAUSDT
Aevo ENA-PERP
01 Exchange ENAUSD
GMX ENA/USD [ETH-USDC]
Extended ENA-USD
BloFin ENA-USDT
Reya ENARUSDPERP
Lighter ENA
Coinbase International ENA-PERP-INTX
Hyperliquid ENA
dYdX ENA-USD