ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0055%/8h= +6.1% APRnext payment +$0.07 per $10,000 · paid last 24h −0.742%

Price spread now: Kraken Futures against dYdX+0.463%7-day average +0.095% · you sell dearer than you buy

Net, funding: paid 7d − costs−$228as in the Funding arb table

Net, price: spread back to 7d avg − costs−$100as in the Price arb table

costs, in and out, $10k−$1371.370% of the position

Long on dYdX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.906%−$91 on $10k

Price spread, last 3 days (all we have)−0.101%−$10 · spread now +0.463%, 7d avg +0.095%

Together, before fees−1.007%−$101 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Kraken Futures is 0.367% dearer against dYdX than usual: you sell high and buy low: +$37 more if the spread goes back to its 7-day average of +0.095%. Mind the row above: over the last 7 days funding on this pair cost −0.906%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ENA-USD	0.2158	0.0175	pay 0.0022% / 1h	6m 43s	$143K	$15K	5x
Short	Kraken Futures PF_ENAUSD	0.2168	0.0230	get 0.0029% / 1h	6m 43s	$2.7M	$5.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against dYdX. 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 dYdXbpFee Kraken FuturesbpOrdersPrice spread, now +0.463%Rate

Funding earned: $11.63
Price spread: +0.463% → +0.095%: $36.75
Slippage, 4 orders: −$117.01
Fee dYdX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$88.63
Costs to cover: 1.370%
Break-even: 60.3 days

Slippage from dYdX: live order book, 2 min ago; Kraken Futures: live order book, 2 min ago.

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 dYdX live order book, 2 min ago	39.28 bp	44.3 bp −$44	294.9 bp −$2,949	882.2 bp −$88.2K	1645.9 bp −$823.0K
Sell Kraken Futures live order book, 2 min ago	13.63 bp	22.4 bp −$22	28.3 bp −$283	113.6 bp −$11.4K	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
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0004%	1h	0.2166	+0.359%	$93K	—	150x	as long as short
Deribit ENA_USDC-PERPETUAL	+0.0027%	1h	0.2167	+0.423%	$81K	$1.6M	50x	as long as short
Orderly PERP_ENA_USDC	+0.0031%	4h	0.2166	+0.363%	$42K	$23K	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−1.611%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2166	+0.363%	$53K	$523K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2165	+0.314%	$721K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2163	+0.245%	$1.6M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2156	−0.087%	$425K	$550K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2156	−0.100%	$134.8M	$441.3M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2154	−0.179%	$88.6M	$186.1M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2155	−0.138%	$21.3M	$110.2M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2171	+0.581%	$16K	$416K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2167	+0.409%	$107K	$242K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2167	+0.409%	$95K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2157	−0.040%	$11.0M	$21.6M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2156	−0.114%	$45.5M	$45.2M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2165	+0.321%	$24.9M	$16.4M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2155	−0.133%	$48.9M	$61.1M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2157	−0.040%	—	$6.5M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2167	+0.409%	$385K	$377K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2158	−0.022%	$3.9M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2169	+0.483%	$250K	$7.5M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2169	+0.522%	$361K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2169	+0.502%	$33K	$686K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2166	+0.363%	$181K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2115	−2.005%	$1K	$833K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2166	+0.363%	$4K	$10K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2170	+0.562%	$281K	$1.1M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2167	+0.409%	$1.9M	$9.4M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2167	+0.421%	$49K	$110	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2167	+0.395%	$76K	$4K	3x	as long as short
Phoenix ENA	+0.0150%	1h	0.2169	+0.511%	$8K	$347K	10x	as long as short
dYdX ENA-USDlong	+0.0175%	1h	0.2158	long leg	$143K	$15K	5x
01 Exchange ENAUSD	+0.0176%	1h	0.2165	+0.298%	$4K	$302	10x	as long as short
Kraken Futures PF_ENAUSDshort	+0.0230%	1h	0.2168	+0.463%	$2.7M	$5.1M	50x
GMX ENA/USD [ETH-USDC]	L +0.0334% / S −0.0430%	1h	0.2166	+0.360%	$82K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2166	+0.358%	$5.7M	$2.0M	75x	as long as short
Extended ENA-USD	+0.0360%	1h	0.2161	+0.127%	$1.6M	$4.3M	50x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2164	+0.282%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0608%	1h	0.2172	+0.632%	$859K	$1.8M	50x	as long as short
Lighter ENA	+0.0776%	1h	0.2161	+0.145%	$5.9M	$13.2M	10x	as long as short
Hyperliquid ENA	+0.0777%	1h	0.2160	+0.062%	$116.9M	$74.2M	10x	as long as short