ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0074%/8h= +8.1% APRnext payment +$0.09 per $10,000 · paid last 24h −0.061%

Price spread now: Kraken Futures against Bulk−0.105%7-day average — · you buy dearer than you sell

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

Long on Bulk Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding pays, the price is against you. Kraken Futures is 0.105% cheaper against Bulk than usual: you would sell low and buy high (spread −0.105% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 4.7 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk ENA-USD	0.2102	0.0100	pay 0.0013% / 1h	9m 49s	$92K	−$0	10x
Short	Kraken Futures PF_ENAUSD	0.2100	0.0174	get 0.0022% / 1h	9m 49s	$2.6M	$4.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Bulk. 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 BulkbpFee Kraken FuturesbpOrdersPrice spread, now −0.105%Rate

Funding earned: $15.51
Price spread: −0.105% → 0.000%: −$10.47
Slippage, 4 orders: no order book: not counted
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$11.96
Costs to cover: 0.170%
Break-even: 12.4 days

Slippage unknown: Bulk: no order-book sample; Kraken Futures: live order book, 4 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 Bulk no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 4 min ago	8.79 bp	18.6 bp −$19	23.2 bp −$232	117.0 bp −$11.7K	doesn't fit

Bulk: 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
Orderly PERP_ENA_USDC	−0.0127%	4h	0.2097	−0.233%	$44K	$25K	10x	as long as short
Backpack ENA_USDC_PERP	−0.0077%	1h	0.2098	−0.180%	$358K	$400K	5x	as long as short
01 Exchange ENAUSD	0.0000%	1h	0.2099	−0.161%	$4K	$277	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2098	−0.195%	$73K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2098	−0.177%	$81K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+1.014%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2098	−0.195%	$56K	$466K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2099	−0.137%	$47K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2098	−0.176%	$649K	$1.7M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2099	−0.161%	$1.4M	$3.2M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ENA	+0.0100%	1h	0.2100	−0.102%	$400K	$513K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2098	−0.202%	$127.1M	$412.0M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2097	−0.233%	$84.7M	$174.0M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2098	−0.180%	$20.9M	$102.7M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2101	−0.043%	$22K	$321K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2099	−0.147%	$78K	$276K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2097	−0.223%	$11.2M	$22.5M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2097	−0.233%	$45.4M	$41.1M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2099	−0.171%	$24.8M	$15.5M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2096	−0.299%	$47.6M	$57.5M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2098	−0.195%	—	$31.8M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2098	−0.173%	$3.0M	$10.0M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2103	+0.022%	$242K	$6.8M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2103	+0.043%	$348K	$5.0M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2103	+0.043%	$20K	$650K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2099	−0.142%	$189K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2047	−2.621%	$1K	$854K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2098	−0.195%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2105	+0.148%	$272K	$771K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2098	−0.195%	$1.7M	$8.9M	50x	as long as short
Bulk ENA-USDlong	+0.0100%	1h	0.2102	long leg	$92K	−$0	10x
Hyperliquid ENA	+0.0101%	1h	0.2099	−0.133%	$114.0M	$73.8M	10x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2097	−0.244%	$1.6M	$4.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2098	−0.195%	$73K	$4K	3x	as long as short
Phoenix ENA	+0.0113%	1h	0.2104	+0.100%	$8K	$274K	10x	as long as short
Lighter ENA	+0.0160%	1h	0.2101	−0.062%	$5.2M	$13.3M	10x	as long as short
Kraken Futures PF_ENAUSDshort	+0.0174%	1h	0.2100	−0.105%	$2.6M	$4.3M	50x
GMX ENA/USD [ETH-USDC]	L +0.0306% / S −0.0358%	1h	0.2099	−0.166%	$70K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2100	−0.100%	$5.5M	$3.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2098	−0.204%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0656%	1h	0.2109	+0.324%	$863K	$1.7M	50x	as long as short
dYdX ENA-USD	+0.1130%	1h	0.2100	−0.102%	$139K	$15K	5x	as long as short