ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0042%/8h= +4.6% APRnext payment +$0.05 per $10,000 · paid last 24h +0.042%

Price spread now: Phoenix against Injective−0.965%7-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 Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days−0.072%−$7 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. Phoenix is 0.965% cheaper against Injective than usual: you would sell low and buy high (spread −0.965% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$97 on $10k: about 3 months of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.072%, so the current rate has only just turned in your favour.

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	48m 14s	$522	$57K	5.5x
Short	Phoenix ENA	0.2103	0.0076	get 0.0009% / 1h	48m 14s	$5K	$394K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.965%Rate

Funding earned: $8.91
Price spread: −0.965% → 0.000%: −$96.54
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$94.65
Costs to cover: 0.070%
Break-even: 81.3 days

Slippage unknown: Injective: no order-book sample; Phoenix: live order book, 38 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 Phoenix live order book, 38 min ago	1.87 bp	16.7 bp −$17	51.7 bp −$517	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	−0.0425%	1h	0.2097	−1.220%	$361K	$487K	5x	as long as short
Orderly PERP_ENA_USDC	−0.0094%	4h	0.2094	−1.380%	$41K	$24K	10x	as long as short
01 Exchange ENAUSD	−0.0072%	1h	0.2095	−1.328%	$4K	$432	10x	as long as short
Gate ENA_USDT	−0.0034%	4h	0.2094	−1.403%	$10.4M	$21.5M	50x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2095	−1.323%	$97K	$1.9M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2095	−1.337%	$96K	—	150x	as long as short
Injective ENA/USDC PERPlong	+0.0033%	1h	0.2123	long leg	$522	$57K	5.5x
Phoenix ENAshort	+0.0076%	1h	0.2103	−0.965%	$5K	$394K	10x
ApeX Omni ENAUSDT	+0.0086%	1h	0.2097	−1.243%	$32K	$711K	50x	as long as short
Lighter ENA	+0.0096%	1h	0.2097	−1.234%	$5.7M	$13.1M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex ENAUSDT	+0.0096%	1h	0.2094	−1.385%	$59K	$545K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2094	−1.371%	$47K	$221	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2094	−1.399%	$654K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2095	−1.326%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2095	−1.319%	$402K	$587K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2095	−1.347%	$129.3M	$471.4M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2094	−1.375%	$87.7M	$194.4M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2095	−1.337%	$20.1M	$115.0M	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	0.2095	−1.337%	$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	0.2095	−1.342%	$45.0M	$48.5M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2096	−1.309%	$24.2M	$16.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2093	−1.427%	$47.4M	$66.9M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2094	−1.380%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2095	−1.349%	$3.6M	$10.2M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2102	−1.022%	$252K	$8.0M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2097	−1.263%	$356K	$4.6M	10x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2097	−1.257%	$182K	$3.0M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2045	−3.697%	$838	$808K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2094	−1.385%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2099	−1.135%	$272K	$1.6M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2095	−1.337%	$1.8M	$9.3M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2094	−1.392%	$1.6M	$4.1M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2095	−1.337%	$77K	$11K	3x	as long as short
Kraken Futures PF_ENAUSD	+0.0104%	1h	0.2097	−1.247%	$2.7M	$5.8M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0211% / S −0.0159%	1h	0.2095	−1.337%	$50K	—	100x	as long as short
Hyperliquid ENA	+0.0214%	1h	0.2098	−1.210%	$111.5M	$80.8M	10x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2097	−1.262%	$5.6M	$8.1M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2094	−1.373%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0536%	1h	0.2101	−1.064%	$802K	$2.2M	50x	as long as short
dYdX ENA-USD	+0.7979%	1h	0.2097	−1.240%	$139K	$12K	5x	as long as short