ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0033%/8h= −3.6% APRnext payment −$0.04 per $10,000 · paid last 24h −0.006%

Price spread now: Deribit against Injective+1.446%7-day average — · you sell dearer than you buy

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

Long on Injective Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.311%−$31 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Deribit is 1.446% dearer against Injective than usual: you sell high and buy low (spread +1.446% now, against zero (this spread has no 7-day history yet)): +$145 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5 months. At the pace of the last 7 days (−0.311% in total) that is about 33 days.

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	17m 21s	$522	$57K	5.5x
Short	Deribit ENA_USDC-PERPETUAL	0.2154	0	get 0.0000% / 1h	17m 21s	$80K	$1.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +1.446%Rate

Funding earned: −$7
Price spread: +1.446% → 0.000%: $144.58
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $130.56
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Deribit: live order book, 2 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 Deribit live order book, 2 min ago	4.42 bp	10.2 bp −$10	doesn't fit	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
Deribit ENA_USDC-PERPETUALshort	0.0000%	1h	0.2154	+1.446%	$80K	$1.7M	50x
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0004%	1h	0.2154	+1.424%	$103K	—	150x	as long as short
Orderly PERP_ENA_USDC	+0.0033%	4h	0.2152	+1.366%	$42K	$23K	10x	as long as short
Injective ENA/USDC PERPlong	+0.0033%	1h	0.2123	long leg	$522	$57K	5.5x
dYdX ENA-USD	+0.0071%	1h	0.2154	+1.463%	$142K	$15K	5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2155	+1.488%	$63K	$518K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2156	+1.556%	$714K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2156	+1.554%	$1.6M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2156	+1.540%	$425K	$553K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2156	+1.546%	$134.4M	$442.9M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ENAUSDT	+0.0100%	4h	0.2156	+1.521%	$88.9M	$187.2M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2153	+1.389%	$21.1M	$110.4M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2156	+1.521%	$16K	$413K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2157	+1.582%	$107K	$242K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2150	+1.257%	$94K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2155	+1.483%	$11.0M	$21.4M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2154	+1.451%	$46.0M	$44.7M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2157	+1.559%	$24.8M	$16.5M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2152	+1.356%	$48.8M	$61.4M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2154	+1.432%	—	$32.6M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2159	+1.691%	$384K	$409K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2144	+0.994%	$3.9M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2144	+0.989%	$248K	$7.5M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2145	+1.002%	$357K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2146	+1.064%	$33K	$688K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2156	+1.535%	$180K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2103	−0.975%	$1K	$832K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2153	+1.394%	$4K	$10K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2158	+1.648%	$280K	$1.1M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2155	+1.488%	$2.0M	$9.3M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2156	+1.521%	$48K	$110	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2155	+1.467%	$75K	$4K	3x	as long as short
Phoenix ENA	+0.0150%	1h	0.2153	+1.380%	$8K	$347K	10x	as long as short
01 Exchange ENAUSD	+0.0184%	1h	0.2156	+1.521%	$4K	$302	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0232%	1h	0.2156	+1.525%	$2.7M	$5.1M	50x	as long as short
Extended ENA-USD	+0.0312%	1h	0.2152	+1.370%	$1.6M	$4.2M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0334% / S −0.0430%	1h	0.2154	+1.438%	$81K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2156	+1.540%	$5.7M	$2.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2154	+1.447%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0608%	1h	0.2159	+1.686%	$855K	$1.8M	50x	as long as short
Lighter ENA	+0.0704%	1h	0.2157	+1.592%	$5.7M	$12.7M	10x	as long as short
Hyperliquid ENA	+0.0763%	1h	0.2159	+1.667%	$117.3M	$74.6M	10x	as long as short