Funding you earn now, next payment 21:00 UTC+0.0503%/8h= +55.0% APRnext payment +$0.63 per $10,000 · paid last 24h +0.158%
Price spread now: Coinbase International against Injective−1.064%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.270%+$27 on $10k
+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. Coinbase International is 1.064% cheaper against Injective than usual: you would sell low and buy high (spread −1.064% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$106 on $10k: about 7.1 days of funding at the current rate (+$15 a day). At the pace of the last 7 days (+0.270% in total) that is about 28 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.270% in total (about 14.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.63 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 | Injective ENA/USDC PERP | 0.2123 | 0.0033 | pay 0.0004% / 1h | 44m 52s | $522 | $57K | 5.5x |
| Short | Coinbase International ENA-PERP-INTX | 0.2101 | 0.0536 | get 0.0067% / 1h | 44m 52s | $802K | $2.2M | 50x |
Injective ENA/USDC PERP
Coinbase International ENA-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Injective. 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
- $105.56
- Price spread: −1.064% → 0.000%
- −$106.43
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$10.89
- Costs to cover
- 0.100%
- Break-even
- 7.7 days
Slippage unknown: Injective: no order-book sample; Coinbase International: 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 Injective no order-book sample | — | — | — | — | — |
| Sell Coinbase International live order book, 4 min ago | 10.25 bp | 16.8 bp −$17 | 24.0 bp −$240 | doesn't fit | doesn't fit |
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_PERP | −0.0408% | 1h | 0.2093 | −1.422% | $360K | $487K | 5x | as long as short |
| Orderly PERP_ENA_USDC | −0.0090% | 4h | 0.2092 | −1.469% | $41K | $24K | 10x | as long as short |
| 01 Exchange ENAUSD | −0.0056% | 1h | 0.2093 | −1.427% | $4K | $432 | 10x | as long as short |
| Gate ENA_USDT | −0.0044% | 4h | 0.2092 | −1.498% | $10.3M | $21.5M | 50x | as long as short |
| Deribit ENA_USDC-PERPETUAL | 0.0000% | 1h | 0.2093 | −1.418% | $97K | $1.9M | 50x | as long as short |
| gTrade (Gains Network) ENA/USD | L +0.0003% / S −0.0003% | 1h | 0.2093 | −1.421% | $96K | — | 150x | as long as short |
| Injective ENA/USDC PERPlong | +0.0033% | 1h | 0.2123 | long leg | $522 | $57K | 5.5x | |
| Phoenix ENA | +0.0076% | 1h | 0.2096 | −1.286% | $5K | $394K | 10x | as long as short |
| Popdex ENAUSDT | +0.0096% | 1h | 0.2092 | −1.479% | $59K | $542K | 50x | as long as short |
| Paradex ENA-USD-PERP | +0.0100% | 8h | 0.2093 | −1.445% | $47K | $221 | 10x | as long as short |
Backpack ENA_USDC_PERP
Orderly PERP_ENA_USDC
01 Exchange ENAUSD
Gate ENA_USDT
Deribit ENA_USDC-PERPETUAL
gTrade (Gains Network) ENA/USD
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 | 0.2092 | −1.467% | $653K | $1.8M | 10x | as long as short |
| Aster ENAUSDT | +0.0100% | 4h | 0.2093 | −1.423% | $1.5M | $3.3M | 50x | as long as short |
| Pacifica ENA | +0.0100% | 1h | 0.2093 | −1.415% | $402K | $587K | 10x | as long as short |
| Binance ENAUSDT | +0.0100% | 4h | 0.2092 | −1.477% | $129.1M | $470.2M | 75x | as long as short |
| Bybit ENAUSDT | +0.0100% | 4h | 0.2091 | −1.535% | $87.5M | $194.2M | 50x | as long as short |
| OKX ENA-USDT-SWAP | +0.0100% | 4h | 0.2092 | −1.469% | $20.1M | $114.7M | 50x | as long as short |
| Ondo Perps ENA-USD.P | +0.0100% | 1h | 0.2096 | −1.295% | $19K | $444K | 5x | as long as short |
| Arcus ENA-USD | +0.0100% | 1h | 0.2094 | −1.385% | $83K | $221K | 10x | as long as short |
| Bulk ENA-USD | +0.0100% | 1h | 0.2100 | −1.102% | $89K | $2K | 10x | as long as short |
| MEXC ENA_USDT | +0.0100% | 4h | 0.2092 | −1.474% | $44.9M | $48.6M | 200x | as long as short |
| KuCoin ENAUSDTM | +0.0100% | 4h | 0.2093 | −1.446% | $24.2M | $16.6M | 75x | as long as short |
| Bitget ENAUSDT | +0.0100% | 4h | 0.2091 | −1.526% | $47.3M | $66.8M | 75x | as long as short |
| BingX ENA-USDT | +0.0100% | 4h | 0.2092 | −1.488% | — | $32.0M | — | as long as short |
| Variational Omni ENA | +0.0100% | 4h | 0.2094 | −1.382% | $3.6M | $10.2M | — | as long as short |
| edgeX ENAUSDC | +0.0100% | 4h | 0.2095 | −1.355% | $250K | $8.0M | 20x | as long as short |
| GRVT ENA_USDT_Perp | +0.0100% | 4h | 0.2095 | −1.336% | $356K | $4.6M | 10x | as long as short |
| ApeX Omni ENAUSDT | +0.0100% | 1h | 0.2095 | −1.337% | $32K | $711K | 50x | as long as short |
| Polymarket Perps ENA-USD | +0.0100% | 1h | 0.2095 | −1.347% | $182K | $3.0M | 10x | as long as short |
| SunX ENA-USDT | +0.0100% | 4h | 0.2043 | −3.801% | $780 | $807K | 20x | as long as short |
| SoDEX ENA-USD | +0.0100% | 1h | 0.2092 | −1.479% | $4K | $14K | 10x | as long as short |
| HTX ENA-USDT | +0.0100% | 4h | 0.2100 | −1.093% | $272K | $1.6M | 50x | as long as short |
| Phemex ENAUSDT | +0.0100% | 4h | 0.2092 | −1.479% | $1.8M | $9.3M | 50x | as long as short |
| Extended ENA-USD | +0.0104% | 1h | 0.2092 | −1.495% | $1.6M | $4.1M | 50x | as long as short |
| Aevo ENA-PERP | +0.0104% | 1h | 0.2093 | −1.428% | $77K | $11K | 3x | as long as short |
| Kraken Futures PF_ENAUSD | +0.0104% | 1h | 0.2094 | −1.362% | $2.7M | $5.8M | 50x | as long as short |
| Lighter ENA | +0.0136% | 1h | 0.2094 | −1.361% | $5.6M | $13.1M | 10x | as long as short |
| GMX ENA/USD [ETH-USDC] | L +0.0211% / S −0.0159% | 1h | 0.2093 | −1.453% | $50K | — | 100x | as long as short |
| Hyperliquid ENA | +0.0245% | 1h | 0.2095 | −1.337% | $111.3M | $80.9M | 10x | as long as short |
| BloFin ENA-USDT | +0.0340% | 4h | 0.2093 | −1.422% | $5.5M | $8.1M | 75x | as long as short |
| Reya ENARUSDPERP | +0.0412% | 1h | 0.2093 | −1.450% | $1K | $5K | 15x | as long as short |
| Coinbase International ENA-PERP-INTXshort | +0.0536% | 1h | 0.2101 | −1.064% | $802K | $2.2M | 50x | |
| dYdX ENA-USD | +0.8714% | 1h | 0.2095 | −1.321% | $138K | $12K | 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
Extended ENA-USD
Aevo ENA-PERP
Kraken Futures PF_ENAUSD
Lighter ENA
GMX ENA/USD [ETH-USDC]
Hyperliquid ENA
BloFin ENA-USDT
Reya ENARUSDPERP
dYdX ENA-USD