Funding you earn now, next payment 22:00 UTC+0.0311%/8h= +34.1% APRnext payment +$0.39 per $10,000 · paid last 24h +0.010%
Price spread now: Injective against Backpack+1.066%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.142%+$14 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Injective is 1.066% dearer against Backpack than usual: you sell high and buy low: +$107 more if the spread goes back to zero (this spread has no 7-day history yet).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.142% in total (about 7.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.39 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack ENA_USDC_PERP | 0.2101 | −0.0278 | get 0.0035% / 1h | 16m 30s | $362K | $484K | 5x |
| Short | Injective ENA/USDC PERP | 0.2123 | 0.0033 | get 0.0004% / 1h | 16m 30s | $522 | $57K | 5.5x |
Backpack ENA_USDC_PERP
Injective ENA/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Backpack. 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
- $65.4
- Price spread: +1.066% → 0.000%
- $106.62
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $161.99
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Backpack: live order book, 7 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 Backpack live order book, 7 min ago | 0.24 bp | 10.1 bp −$10 | 47.0 bp −$470 | 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_PERPlong | −0.0278% | 1h | 0.2101 | long leg | $362K | $484K | 5x | |
| Orderly PERP_ENA_USDC | −0.0082% | 4h | 0.2100 | −0.067% | $41K | $23K | 10x | as long as short |
| 01 Exchange ENAUSD | −0.0008% | 1h | 0.2099 | −0.119% | $4K | $432 | 10x | as long as short |
| Deribit ENA_USDC-PERPETUAL | 0.0000% | 1h | 0.2101 | −0.019% | $93K | $1.8M | 50x | as long as short |
| gTrade (Gains Network) ENA/USD | L +0.0003% / S −0.0003% | 1h | 0.2100 | −0.029% | $96K | — | 150x | as long as short |
| Injective ENA/USDC PERPshort | +0.0033% | 1h | 0.2123 | +1.066% | $522 | $57K | 5.5x | |
| Gate ENA_USDT | +0.0050% | 4h | 0.2097 | −0.167% | $10.4M | $21.7M | 50x | as long as short |
| Phoenix ENA | +0.0076% | 1h | 0.2107 | +0.276% | $5K | $394K | 10x | as long as short |
| Popdex ENAUSDT | +0.0096% | 1h | 0.2098 | −0.143% | $60K | $538K | 50x | as long as short |
| Paradex ENA-USD-PERP | +0.0100% | 8h | 0.2098 | −0.147% | $47K | $221 | 10x | as long as short |
Orderly PERP_ENA_USDC
01 Exchange ENAUSD
Deribit ENA_USDC-PERPETUAL
gTrade (Gains Network) ENA/USD
Gate ENA_USDT
Phoenix ENA
Popdex ENAUSDT
Paradex ENA-USD-PERPShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado ENA-PERP | +0.0100% | 1h | 0.2098 | −0.164% | $658K | $1.8M | 10x | as long as short |
| Aster ENAUSDT | +0.0100% | 4h | 0.2099 | −0.101% | $1.5M | $3.3M | 50x | as long as short |
| Pacifica ENA | +0.0100% | 1h | 0.2099 | −0.106% | $406K | $593K | 10x | as long as short |
| Binance ENAUSDT | +0.0100% | 4h | 0.2098 | −0.130% | $129.3M | $465.9M | 75x | as long as short |
| Bybit ENAUSDT | +0.0100% | 4h | 0.2097 | −0.167% | $87.6M | $193.5M | 50x | as long as short |
| OKX ENA-USDT-SWAP | +0.0100% | 4h | 0.2098 | −0.162% | $20.3M | $113.8M | 50x | as long as short |
| Ondo Perps ENA-USD.P | +0.0100% | 1h | 0.2100 | −0.029% | $19K | $430K | 5x | as long as short |
| Arcus ENA-USD | +0.0100% | 1h | 0.2099 | −0.095% | $82K | $223K | 10x | as long as short |
| Bulk ENA-USD | +0.0100% | 1h | 0.2107 | +0.286% | $89K | $2K | 10x | as long as short |
| MEXC ENA_USDT | +0.0100% | 4h | 0.2099 | −0.119% | $46.0M | $49.3M | 200x | as long as short |
| KuCoin ENAUSDTM | +0.0100% | 4h | 0.2099 | −0.081% | $24.3M | $16.5M | 75x | as long as short |
| Bitget ENAUSDT | +0.0100% | 4h | 0.2097 | −0.214% | $47.4M | $66.3M | 75x | as long as short |
| BingX ENA-USDT | +0.0100% | 4h | 0.2098 | −0.152% | — | $32.1M | — | as long as short |
| Variational Omni ENA | +0.0100% | 4h | 0.2104 | +0.144% | $3.8M | $10.4M | — | as long as short |
| edgeX ENAUSDC | +0.0100% | 4h | 0.2103 | +0.076% | $250K | $8.0M | 20x | as long as short |
| GRVT ENA_USDT_Perp | +0.0100% | 4h | 0.2103 | +0.095% | $351K | $4.6M | 10x | as long as short |
| ApeX Omni ENAUSDT | +0.0100% | 1h | 0.2103 | +0.095% | $32K | $711K | 50x | as long as short |
| Polymarket Perps ENA-USD | +0.0100% | 1h | 0.2099 | −0.109% | $183K | $3.0M | 10x | as long as short |
| SunX ENA-USDT | +0.0100% | 4h | 0.2049 | −2.499% | $856 | $809K | 20x | as long as short |
| SoDEX ENA-USD | +0.0100% | 1h | 0.2100 | −0.048% | $4K | $14K | 10x | as long as short |
| HTX ENA-USDT | +0.0100% | 4h | 0.2102 | +0.071% | $273K | $1.6M | 50x | as long as short |
| Phemex ENAUSDT | +0.0100% | 4h | 0.2099 | −0.095% | $1.9M | $9.3M | 50x | as long as short |
| Kraken Futures PF_ENAUSD | +0.0104% | 1h | 0.2101 | −0.006% | $2.6M | $5.8M | 50x | as long as short |
| Aevo ENA-PERP | +0.0104% | 1h | 0.2100 | −0.039% | $77K | $11K | 3x | as long as short |
| Extended ENA-USD | +0.0144% | 1h | 0.2097 | −0.176% | $1.6M | $4.2M | 50x | as long as short |
| GMX ENA/USD [ETH-USDC] | L +0.0214% / S −0.0163% | 1h | 0.2100 | −0.038% | $50K | — | 100x | as long as short |
| Lighter ENA | +0.0312% | 1h | 0.2100 | −0.024% | $5.7M | $13.2M | 10x | as long as short |
| BloFin ENA-USDT | +0.0340% | 4h | 0.2100 | −0.029% | $5.5M | $8.1M | 75x | as long as short |
| Hyperliquid ENA | +0.0349% | 1h | 0.2101 | −0.010% | $110.8M | $80.7M | 10x | as long as short |
| Reya ENARUSDPERP | +0.0412% | 1h | 0.2097 | −0.194% | $1K | $5K | 15x | as long as short |
| Coinbase International ENA-PERP-INTX | +0.0536% | 1h | 0.2104 | +0.124% | $803K | $2.2M | 50x | as long as short |
| dYdX ENA-USD | +0.5960% | 1h | 0.2098 | −0.132% | $139K | $15K | 5x | as long as short |
Nado ENA-PERP
Aster ENAUSDT
Pacifica ENA
Binance ENAUSDT
Bybit ENAUSDT
OKX ENA-USDT-SWAP
Ondo Perps ENA-USD.P
Arcus ENA-USD
Bulk ENA-USD
MEXC ENA_USDT
KuCoin ENAUSDTM
Bitget ENAUSDT
BingX ENA-USDT
Variational Omni ENA
edgeX ENAUSDC
GRVT ENA_USDT_Perp
ApeX Omni ENAUSDT
Polymarket Perps ENA-USD
SunX ENA-USDT
SoDEX ENA-USD
HTX ENA-USDT
Phemex ENAUSDT
Kraken Futures PF_ENAUSD
Aevo ENA-PERP
Extended ENA-USD
GMX ENA/USD [ETH-USDC]
Lighter ENA
BloFin ENA-USDT
Hyperliquid ENA
Reya ENARUSDPERP
Coinbase International ENA-PERP-INTX
dYdX ENA-USD