ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h +0.026%

Price spread now: Bulk against Injective−1.203%103s7-day average — · you buy dearer than you sell

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

Long on Injective Short on Bulk

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

Funding pays, the price is against you. Bulk is 1.203% cheaper against Injective than usual: you would sell low and buy high (spread −1.203% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$120 on $10k: about 2 months of funding at the current rate (+$2 a day). The two prices were read 103 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective ENA/USDC PERP	0.2123	0.0033	pay 0.0004% / 1h	39m 36s	$522	$57K	5.5x
Short	Bulk ENA-USD	0.2098	0.0100	get 0.0013% / 1h	39m 36s	$88K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against Injective. 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 InjectivebpFee BulkbpOrdersPrice spread, now −1.203%Rate

Funding earned: $14
Price spread: −1.203% → 0.000%: −$120.35
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$113.37
Costs to cover: 0.070%
Break-even: 63.7 days

Slippage unknown: Injective: no order-book sample; Bulk: 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 Injective no order-book sample	—	—	—	—	—
Sell Bulk no order-book sample	—	—	—	—	—

Injective and 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	−0.0067%	4h	0.2099	−1.130%	$41K	$24K	10x	as long as short
Backpack ENA_USDC_PERP	−0.0050%	1h	0.2101	−1.050%	$362K	$481K	5x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2100	−1.093%	$93K	$1.8M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2100	−1.110%	$96K	—	150x	as long as short
Injective ENA/USDC PERPlong	+0.0033%	1h	0.2123	long leg	$522	$57K	5.5x
Kraken Futures PF_ENAUSD	+0.0066%	1h	0.2100	−1.113%	$2.6M	$5.6M	50x	as long as short
01 Exchange ENAUSD	+0.0096%	1h	0.2101	−1.060%	$4K	$432	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2099	−1.149%	$59K	$537K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2097	−1.240%	$47K	$221	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2097	−1.257%	$659K	$1.8M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ENAUSDT	+0.0100%	4h	0.2100	−1.098%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2098	−1.185%	$406K	$581K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2098	−1.184%	$129.3M	$460.4M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2097	−1.234%	$87.2M	$191.9M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2099	−1.163%	$20.3M	$112.5M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2098	−1.191%	$21K	$415K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2099	−1.149%	$82K	$222K	10x	as long as short
Bulk ENA-USDshort	+0.0100%	1h	0.2098	−1.203%	$88K	$1K	10x
Gate ENA_USDT	+0.0100%	4h	0.2098	−1.191%	$10.5M	$21.2M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2098	−1.187%	$45.0M	$46.7M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2099	−1.144%	$24.0M	$16.5M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2097	−1.267%	$47.5M	$65.2M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2098	−1.182%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2096	−1.281%	$3.8M	$10.4M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2098	−1.203%	$249K	$7.8M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2095	−1.332%	$354K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2096	−1.290%	$32K	$711K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2098	−1.177%	$188K	$2.8M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2047	−3.612%	$958	$814K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2100	−1.102%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2103	−0.970%	$274K	$1.5M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2100	−1.102%	$1.9M	$9.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2095	−1.336%	$77K	$11K	3x	as long as short
Phoenix ENA	+0.0115%	1h	0.2099	−1.149%	$5K	$356K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0226% / S −0.0377%	1h	0.2100	−1.099%	$38K	—	100x	as long as short
Extended ENA-USD	+0.0288%	1h	0.2097	−1.222%	$1.6M	$4.2M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2097	−1.239%	$5.5M	$8.1M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2098	−1.215%	$1K	$5K	15x	as long as short
Lighter ENA	+0.0528%	1h	0.2101	−1.064%	$5.6M	$12.9M	10x	as long as short
Hyperliquid ENA	+0.0565%	1h	0.2102	−1.027%	$111.0M	$79.5M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0576%	1h	0.2102	−1.022%	$803K	$2.1M	50x	as long as short
dYdX ENA-USD	+0.1895%	1h	0.2099	−1.132%	$139K	$15K	5x	as long as short