ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0138%/8h= +15.2% APRnext payment +$0.17 per $10,000 · paid last 24h −0.070%

Price spread now: Kraken Futures against Extended+0.037%7-day average +0.124% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$640.636% of the position

Long on Extended Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.111%+$11 on $10k

Price spread, last 4 days (all we have)+0.666%+$67 · spread now +0.037%, 7d avg +0.124%

Together, before fees+0.776%+ Points / potential airdropExtended: Active · farm board+$78 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.088% cheaper against Extended than usual: you would sell low and buy high (spread +0.037% now, against its 7-day average of +0.124%). If the spread goes back, that is −$9 on $10k: about 2.1 days of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.111% in total) that is about 5.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ENA-USD	0.2116	0.0104	pay 0.0013% / 1h	25m 07s	$1.6M	$4.1M	50x
Short	Kraken Futures PF_ENAUSD	0.2117	0.0242	get 0.0030% / 1h	25m 07s	$2.6M	$4.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Extended. 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 ExtendedbpFee Kraken FuturesbpOrdersPrice spread, now +0.037%Rate

Funding earned: $29.05
Price spread: +0.037% → +0.124%: −$8.76
Slippage, 4 orders: −$48.55
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$43.26
Costs to cover: 0.636%
Break-even: 17.4 days

Slippage from Extended: live order book, 4 min ago; Kraken Futures: live order book, 4 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 Extended live order book, 4 min ago	2.12 bp	7.2 bp −$7	13.9 bp −$139	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 4 min ago	20.57 bp	25.7 bp −$26	30.2 bp −$302	146.1 bp −$14.6K	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
Backpack ENA_USDC_PERP	−0.0197%	1h	0.2115	−0.049%	$365K	$396K	5x	as long as short
01 Exchange ENAUSD	−0.0080%	1h	0.2116	−0.002%	$4K	$302	10x	as long as short
Orderly PERP_ENA_USDC	−0.0069%	4h	0.2117	+0.003%	$44K	$25K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2117	+0.022%	$79K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2117	+0.019%	$82K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.329%	$522	$57K	5.5x	as long as short
Phoenix ENA	+0.0076%	1h	0.2119	+0.097%	$8K	$266K	10x	as long as short
dYdX ENA-USD	+0.0089%	1h	0.2116	−0.026%	$140K	$15K	5x	as long as short
Lighter ENA	+0.0096%	1h	0.2119	+0.097%	$5.2M	$13.5M	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2116	−0.021%	$56K	$476K	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex ENA-USD-PERP	+0.0100%	8h	0.2115	−0.055%	$47K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2117	+0.023%	$653K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2118	+0.060%	$115.3M	$75.1M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2119	+0.108%	$1.5M	$2.9M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2116	−0.011%	$405K	$516K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2116	+0.002%	$128.9M	$416.6M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2115	−0.054%	$85.4M	$175.4M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2115	−0.068%	$20.8M	$103.5M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2115	−0.044%	$18K	$316K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2116	−0.021%	$79K	$276K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2093	−1.107%	$92K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2115	−0.063%	$11.1M	$22.1M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2116	−0.021%	$46.2M	$41.5M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2117	+0.045%	$24.7M	$15.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2113	−0.167%	$48.0M	$57.6M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2115	−0.063%	—	$32.3M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2116	−0.004%	$3.0M	$10.0M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2116	−0.035%	$243K	$6.9M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2114	−0.096%	$350K	$5.0M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2117	+0.027%	$20K	$647K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2118	+0.093%	$183K	$2.3M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2065	−2.426%	$1K	$848K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2117	+0.027%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2119	+0.116%	$274K	$790K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2115	−0.068%	$1.8M	$8.8M	50x	as long as short
Extended ENA-USDlong	+0.0104%	1h	0.2116	long leg	$1.6M	$4.1M	50x
Aevo ENA-PERP	+0.0104%	1h	0.2118	+0.055%	$74K	$4K	3x	as long as short
Kraken Futures PF_ENAUSDshort	+0.0242%	1h	0.2117	+0.037%	$2.6M	$4.3M	50x
GMX ENA/USD [ETH-USDC]	L +0.0253% / S −0.0213%	1h	0.2117	+0.017%	$51K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2118	+0.060%	$5.5M	$3.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2118	+0.058%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0632%	1h	0.2122	+0.286%	$867K	$1.6M	50x	as long as short