ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0125%/8h= +13.7% APRnext payment +$0.16 per $10,000 · paid last 24h −0.041%

Price spread now: Kraken Futures against Injective+2.369%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 Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Kraken Futures is 2.369% dearer against Injective than usual: you sell high and buy low: +$237 more if the spread goes back to zero (this spread has no 7-day history 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	16m 52s	$522	$57K	5.5x
Short	Kraken Futures PF_ENAUSD	0.2174	0.0158	get 0.0020% / 1h	16m 52s	$2.7M	$4.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +2.369%Rate

Funding earned: $26.2
Price spread: +2.369% → 0.000%: $236.89
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $253.07
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Kraken Futures: 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 Kraken Futures live order book, 2 min ago	12.47 bp	21.7 bp −$22	28.2 bp −$282	172.7 bp −$17.3K	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
Orderly PERP_ENA_USDC	−0.0138%	4h	0.2173	+2.350%	$45K	$26K	10x	as long as short
Phemex ENAUSDT	−0.0016%	4h	0.2173	+2.336%	$1.8M	$8.9M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2173	+2.325%	$84K	—	150x	as long as short
Deribit ENA_USDC-PERPETUAL	+0.0026%	1h	0.2175	+2.421%	$70K	$1.1M	50x	as long as short
Injective ENA/USDC PERPlong	+0.0033%	1h	0.2123	long leg	$522	$57K	5.5x
01 Exchange ENAUSD	+0.0056%	1h	0.2173	+2.350%	$4K	$277	10x	as long as short
Gate ENA_USDT	+0.0092%	4h	0.2170	+2.176%	$11.5M	$24.3M	50x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2173	+2.336%	$52K	$468K	50x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2174	+2.364%	$117.8M	$75.3M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2172	+2.274%	$1.5M	$3.3M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ENA	+0.0100%	1h	0.2174	+2.372%	$408K	$528K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2170	+2.200%	$131.8M	$422.1M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2170	+2.209%	$87.5M	$177.1M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2172	+2.279%	$21.6M	$108.0M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2149	+1.210%	$21K	$326K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2176	+2.477%	$81K	$280K	10x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2170	+2.195%	$47.8M	$41.6M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2172	+2.293%	$25.3M	$15.7M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2170	+2.213%	$49.3M	$58.3M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2170	+2.176%	—	$31.0M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2139	+0.757%	$3.1M	$10.0M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2142	+0.878%	$246K	$6.9M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2163	+1.884%	$362K	$5.0M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2164	+1.912%	$20K	$650K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2173	+2.336%	$564K	$1.8M	10x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2175	+2.435%	$193K	$2.5M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2121	−0.127%	$997	$881K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2173	+2.336%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2185	+2.901%	$274K	$800K	50x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2132	+0.381%	$94K	−$0	10x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2174	+2.392%	$49K	$110	10x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2171	+2.259%	$1.6M	$4.3M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2173	+2.359%	$76K	$4K	3x	as long as short
Phoenix ENA	+0.0153%	1h	0.2174	+2.392%	$8K	$278K	10x	as long as short
Kraken Futures PF_ENAUSDshort	+0.0158%	1h	0.2174	+2.369%	$2.7M	$4.3M	50x
dYdX ENA-USD	+0.0255%	1h	0.2171	+2.241%	$143K	$16K	5x	as long as short
Lighter ENA	+0.0264%	1h	0.2176	+2.477%	$5.4M	$13.1M	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0310% / S −0.0753%	1h	0.2172	+2.298%	$60K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2172	+2.275%	$5.6M	$3.2M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2173	+2.320%	$1K	$5K	15x	as long as short
Backpack ENA_USDC_PERP	+0.0659%	1h	0.2174	+2.397%	$366K	$401K	5x	as long as short
Coinbase International ENA-PERP-INTX	+0.0704%	1h	0.2170	+2.218%	$891K	$1.8M	50x	as long as short