Твоя приватка алертов в Telegram

ENA arbitrage between HyperLiquid and Kraken: we compare the price of ENA on HyperLiquid (futures) and Kraken (futures) in real time — the executable spread (buy at the ask, sell at the bid), basis, volume and deposit/withdrawal status. You can see whether the gap holds or is a one-second blip you would never get into.

About Ethena

Decentralized Finance (DeFi), Binance Launchpool, Solana Ecosystem, Avalanche Ecosystem

Open interest in ENA right now — $158.3M: Binance $48.6M, Bybit $40.8M, HyperLiquid $20.6M, Bitget $18.7M, KuCoin $13.7M. See OI ENA.

News about ENA

• Ethena and FalconX Launch $1 Billion Secured Facility for USDe Backing Assets
• Beyond crypto funding rates: Ethena diversifies USDe backing with $1 billion FalconX facility
• This Public Company Quietly Controls 20% of Ethena’s ENA Supply
• StablecoinX holds 20% of ENA supply as shares jump 12%
• Ethena treasury company StablecoinX shares jump 12% after revealing 20% stake in ENA supply

About ENA arbitrage

How do I read the ENA spread?

The spread is how many percent higher ENA trades on one exchange than on the other. We measure it at tradeable prices (ask/bid) net of fees; “net” is closer to what you actually keep.

Is this arbitrage worth taking?

Look past the spread: check volume, order-book depth and the deposit/withdrawal status on HyperLiquid and Kraken. If deposits or withdrawals are shut, or the book is thin, the spread exists on paper but you cannot trade into it.

How do I get ENA alerts?

Build a rule in the the builder with the spread threshold you want — the notification arrives as a Telegram direct message within seconds.