ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h +0.026%

Price spread now: Polymarket Perps against Injective−1.144%51s7-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 Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.407%−$41 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. Polymarket Perps is 1.144% cheaper against Injective than usual: you would sell low and buy high (spread −1.144% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$114 on $10k: about 57 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.407%, so the current rate has only just turned in your favour. The two prices were read 51 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	12m 18s	$522	$57K	5.5x
Short	Polymarket Perps ENA-USD	0.2099	0.0100	get 0.0013% / 1h	12m 18s	$176K	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −1.144%Rate

Funding earned: $14
Price spread: −1.144% → 0.000%: −$114.44
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$108.46
Costs to cover: 0.080%
Break-even: 61.2 days

Slippage unknown: Injective: no order-book sample; Polymarket Perps: 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 Polymarket Perps live order book, 2 min ago	1.67 bp	5.7 bp −$6	8.6 bp −$86	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	−0.0044%	4h	0.2097	−1.267%	$41K	$24K	10x	as long as short
Backpack ENA_USDC_PERP	−0.0031%	1h	0.2099	−1.173%	$370K	$448K	5x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2097	−1.243%	$92K	$1.8M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2098	−1.196%	$101K	—	150x	as long as short
Injective ENA/USDC PERPlong	+0.0033%	1h	0.2123	long leg	$522	$57K	5.5x
Kraken Futures PF_ENAUSD	+0.0066%	1h	0.2098	−1.191%	$2.6M	$5.5M	50x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2098	−1.196%	$61K	$531K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2098	−1.187%	$47K	$221	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2098	−1.184%	$660K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2098	−1.219%	$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	0.2099	−1.159%	$406K	$576K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2097	−1.228%	$129.4M	$454.6M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2095	−1.333%	$87.1M	$190.5M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2095	−1.328%	$20.2M	$111.1M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2095	−1.323%	$15K	$396K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2099	−1.149%	$82K	$220K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2095	−1.352%	$88K	$500	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2098	−1.191%	$10.5M	$21.3M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2096	−1.281%	$46.5M	$47.0M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2098	−1.177%	$23.9M	$16.3M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2096	−1.309%	$47.4M	$64.7M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2098	−1.191%	—	$32.7M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2091	−1.522%	$3.8M	$10.3M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2093	−1.448%	$249K	$7.8M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2093	−1.453%	$353K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2092	−1.479%	$32K	$710K	50x	as long as short
Polymarket Perps ENA-USDshort	+0.0100%	1h	0.2099	−1.144%	$176K	$2.6M	10x
SunX ENA-USDT	+0.0100%	4h	0.2048	−3.556%	$1K	$816K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2097	−1.243%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2100	−1.083%	$272K	$1.5M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2096	−1.290%	$1.9M	$9.1M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2097	−1.243%	$77K	$11K	3x	as long as short
Phoenix ENA	+0.0115%	1h	0.2097	−1.224%	$5K	$356K	10x	as long as short
01 Exchange ENAUSD	+0.0144%	1h	0.2099	−1.126%	$4K	$432	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0243% / S −0.0420%	1h	0.2097	−1.229%	$38K	—	100x	as long as short
Extended ENA-USD	+0.0336%	1h	0.2096	−1.289%	$1.6M	$4.1M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2095	−1.319%	$5.5M	$8.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2098	−1.177%	$1K	$5K	15x	as long as short
Lighter ENA	+0.0528%	1h	0.2100	−1.121%	$5.6M	$12.9M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0576%	1h	0.2100	−1.097%	$827K	$2.1M	50x	as long as short
Hyperliquid ENA	+0.0587%	1h	0.2102	−1.017%	$111.0M	$78.9M	10x	as long as short
dYdX ENA-USD	+0.1978%	1h	0.2097	−1.256%	$139K	$15K	5x	as long as short