Funding you earn now, next payment 06:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.016%
Price spread now: Phemex against Injective+1.441%65s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.173%−$17 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 +$2 a day on $10k at the current rate, and Phemex is 1.441% dearer against Injective than usual: you sell high and buy low: +$144 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.173%, so the current rate has only just turned in your favour. The two prices were read 65 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 | 19m 36s | $522 | $57K | 5.5x |
| Short | Phemex ENAUSDT | 0.2154 | 0.0100 | get 0.0050% / 4h | 2h 19m | $1.8M | $8.9M | 50x |
Injective ENA/USDC PERP
Phemex ENAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $14
- Price spread: +1.441% → 0.000%
- $144.11
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- $146.09
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Phemex: 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 Phemex live order book, 4 min ago | 7.07 bp | 19.0 bp −$19 | 64.1 bp −$641 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ENA_USDC | −0.0139% | 4h | 0.2155 | +1.483% | $45K | $26K | 10x | as long as short |
| gTrade (Gains Network) ENA/USD | L +0.0004% / S −0.0004% | 1h | 0.2155 | +1.508% | $84K | — | 150x | 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 | 0.2164 | +1.903% | $4K | $277 | 10x | as long as short |
| Gate ENA_USDT | +0.0076% | 4h | 0.2162 | +1.794% | $11.4M | $24.2M | 50x | as long as short |
| Popdex ENAUSDT | +0.0096% | 1h | 0.2161 | +1.771% | $60K | $468K | 50x | as long as short |
| Nado ENA-PERP | +0.0100% | 1h | 0.2162 | +1.806% | $669K | $1.7M | 10x | as long as short |
| Hyperliquid ENA | +0.0100% | 1h | 0.2164 | +1.921% | $117.5M | $74.9M | 10x | as long as short |
| Aster ENAUSDT | +0.0100% | 4h | 0.2162 | +1.827% | $1.5M | $3.3M | 50x | as long as short |
| Pacifica ENA | +0.0100% | 1h | 0.2162 | +1.801% | $406K | $528K | 10x | as long as short |
Orderly PERP_ENA_USDC
gTrade (Gains Network) ENA/USD
01 Exchange ENAUSD
Gate ENA_USDT
Popdex ENAUSDT
Nado ENA-PERP
Hyperliquid ENA
Aster ENAUSDT
Pacifica ENAShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ENAUSDT | +0.0100% | 4h | 0.2162 | +1.807% | $131.0M | $420.8M | 75x | as long as short |
| Bybit ENAUSDT | +0.0100% | 4h | 0.2162 | +1.832% | $87.3M | $176.5M | 50x | as long as short |
| OKX ENA-USDT-SWAP | +0.0100% | 4h | 0.2162 | +1.837% | $21.6M | $107.2M | 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 | 0.2163 | +1.865% | $80K | $280K | 10x | as long as short |
| MEXC ENA_USDT | +0.0100% | 4h | 0.2162 | +1.813% | $47.4M | $41.5M | 200x | as long as short |
| KuCoin ENAUSDTM | +0.0100% | 4h | 0.2162 | +1.832% | $25.2M | $15.6M | 75x | as long as short |
| Bitget ENAUSDT | +0.0100% | 4h | 0.2161 | +1.780% | $49.2M | $58.2M | 75x | as long as short |
| BingX ENA-USDC | +0.0100% | 4h | 0.2162 | +1.823% | — | $6.5M | — | 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 | 0.2126 | +0.122% | $356K | $5.0M | 10x | as long as short |
| ApeX Omni ENAUSDT | +0.0100% | 1h | 0.2127 | +0.170% | $19K | $651K | 50x | as long as short |
| Polymarket Perps ENA-USD | +0.0100% | 1h | 0.2162 | +1.837% | $192K | $2.5M | 10x | as long as short |
| SunX ENA-USDT | +0.0100% | 4h | 0.2104 | −0.937% | $1K | $878K | 20x | as long as short |
| SoDEX ENA-USD | +0.0100% | 1h | 0.2155 | +1.488% | $4K | $7K | 10x | as long as short |
| HTX ENA-USDT | +0.0100% | 4h | 0.2158 | +1.629% | $272K | $796K | 50x | as long as short |
| Phemex ENAUSDTshort | +0.0100% | 4h | 0.2154 | +1.441% | $1.8M | $8.9M | 50x | |
| Bulk ENA-USD | +0.0100% | 1h | 0.2132 | +0.381% | $94K | −$0 | 10x | as long as short |
| Paradex ENA-USD-PERP | +0.0100% | 8h | 0.2161 | +1.761% | $48K | $110 | 10x | as long as short |
| Extended ENA-USD | +0.0104% | 1h | 0.2161 | +1.789% | $1.6M | $4.2M | 50x | as long as short |
| Aevo ENA-PERP | +0.0104% | 1h | 0.2154 | +1.426% | $75K | $4K | 3x | as long as short |
| Phoenix ENA | +0.0153% | 1h | 0.2155 | +1.512% | $8K | $278K | 10x | as long as short |
| Kraken Futures PF_ENAUSD | +0.0159% | 1h | 0.2156 | +1.534% | $2.7M | $4.3M | 50x | as long as short |
| Deribit ENA_USDC-PERPETUAL | +0.0214% | 1h | 0.2156 | +1.526% | $70K | $1.1M | 50x | as long as short |
| dYdX ENA-USD | +0.0259% | 1h | 0.2160 | +1.700% | $143K | $16K | 5x | as long as short |
| Lighter ENA | +0.0264% | 1h | 0.2164 | +1.903% | $5.4M | $13.1M | 10x | as long as short |
| GMX ENA/USD [ETH-USDC] | L +0.0309% / S −0.0753% | 1h | 0.2155 | +1.491% | $59K | — | 100x | as long as short |
| BloFin ENA-USDT | +0.0340% | 4h | 0.2141 | +0.824% | $5.5M | $3.1M | 75x | as long as short |
| Reya ENARUSDPERP | +0.0412% | 1h | 0.2162 | +1.815% | $1K | $5K | 15x | as long as short |
| Backpack ENA_USDC_PERP | +0.0628% | 1h | 0.2159 | +1.672% | $363K | $401K | 5x | as long as short |
| Coinbase International ENA-PERP-INTX | +0.0704% | 1h | 0.2158 | +1.620% | $884K | $1.8M | 50x | as long as short |
Binance ENAUSDT
Bybit ENAUSDT
OKX ENA-USDT-SWAP
Ondo Perps ENA-USD.P
Arcus ENA-USD
MEXC ENA_USDT
KuCoin ENAUSDTM
Bitget ENAUSDT
BingX ENA-USDC
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
Bulk ENA-USD
Paradex ENA-USD-PERP
Extended ENA-USD
Aevo ENA-PERP
Phoenix ENA
Kraken Futures PF_ENAUSD
Deribit ENA_USDC-PERPETUAL
dYdX ENA-USD
Lighter ENA
GMX ENA/USD [ETH-USDC]
BloFin ENA-USDT
Reya ENARUSDPERP
Backpack ENA_USDC_PERP
Coinbase International ENA-PERP-INTX