ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h −0.026%

Price spread now: Injective against Arcus+1.259%7-day average — · you sell dearer than you buy

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

Long on Arcus Short on Injective

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. Injective is 1.259% dearer against Arcus than usual: you sell high and buy low (spread +1.259% now, against zero (this spread has no 7-day history yet)): +$126 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus ENA-USD	0.2097	0.0100	pay 0.0013% / 1h	48m 52s	$83K	$222K	10x
Short	Injective ENA/USDC PERP	0.2123	0.0033	get 0.0004% / 1h	48m 52s	$522	$57K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Arcus. 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 ArcusbpFee InjectivebpOrdersPrice spread, now +1.259%Rate

Funding earned: −$14
Price spread: +1.259% → 0.000%: $125.89
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $107.37
Costs to cover: 0.045%
Break-even: from the start

Slippage unknown: Arcus: live order book, 39 min ago; Injective: no order-book sample. 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 Arcus live order book, 39 min ago	4.69 bp	16.6 bp −$17	26.7 bp −$267	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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_PERP	−0.0425%	1h	0.2097	+0.024%	$361K	$487K	5x	as long as short
Orderly PERP_ENA_USDC	−0.0096%	4h	0.2096	−0.048%	$41K	$24K	10x	as long as short
01 Exchange ENAUSD	−0.0072%	1h	0.2097	−0.010%	$4K	$432	10x	as long as short
Gate ENA_USDT	−0.0020%	4h	0.2095	−0.076%	$10.4M	$21.5M	50x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2097	+0.019%	$97K	$1.9M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2097	−0.003%	$96K	—	150x	as long as short
Injective ENA/USDC PERPshort	+0.0033%	1h	0.2123	+1.259%	$522	$57K	5.5x
Phoenix ENA	+0.0076%	1h	0.2103	+0.281%	$5K	$394K	10x	as long as short
ApeX Omni ENAUSDT	+0.0086%	1h	0.2097	0.000%	$32K	$711K	50x	as long as short
Lighter ENA	+0.0096%	1h	0.2099	+0.095%	$5.7M	$13.1M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex ENAUSDT	+0.0096%	1h	0.2096	−0.048%	$59K	$545K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2096	−0.024%	$47K	$221	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2096	−0.033%	$654K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2097	+0.012%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2098	+0.051%	$403K	$587K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2096	−0.048%	$129.4M	$472.6M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2095	−0.081%	$87.8M	$194.6M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2096	−0.043%	$20.1M	$115.3M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2103	+0.300%	$19K	$446K	5x	as long as short
Arcus ENA-USDlong	+0.0100%	1h	0.2097	long leg	$83K	$222K	10x
Bulk ENA-USD	+0.0100%	1h	0.2100	+0.143%	$89K	$2K	10x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2096	−0.062%	$45.1M	$48.5M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2097	+0.014%	$24.3M	$16.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2095	−0.086%	$47.5M	$67.0M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2095	−0.081%	—	$32.1M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2095	−0.107%	$3.6M	$10.2M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2102	+0.224%	$252K	$8.0M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2097	−0.020%	$356K	$4.6M	10x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2098	+0.048%	$183K	$3.0M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2048	−2.318%	$994	$809K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2097	0.000%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2100	+0.167%	$272K	$1.6M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2096	−0.048%	$1.8M	$9.3M	50x	as long as short
Kraken Futures PF_ENAUSD	+0.0104%	1h	0.2099	+0.112%	$2.7M	$5.9M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2095	−0.075%	$1.6M	$4.1M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2097	0.000%	$77K	$11K	3x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0211% / S −0.0159%	1h	0.2097	+0.005%	$50K	—	100x	as long as short
Hyperliquid ENA	+0.0216%	1h	0.2099	+0.116%	$111.6M	$80.8M	10x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2097	−0.019%	$5.6M	$8.1M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2096	−0.040%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0536%	1h	0.2101	+0.181%	$802K	$2.2M	50x	as long as short
dYdX ENA-USD	+0.7821%	1h	0.2099	+0.105%	$139K	$12K	5x	as long as short