ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0063%/8h= +6.9% APRnext payment +$0.08 per $10,000 · paid last 24h +0.025%

Price spread now: Popdex against Injective+0.217%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 Popdex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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 Popdex is 0.217% dearer against Injective than usual: you sell high and buy low: +$22 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	52m 51s	$522	$57K	5.5x
Short	Popdex ENAUSDT	0.2128	0.0096	get 0.0012% / 1h	52m 51s	$63K	$529K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now +0.217%Rate

Funding earned: $13.16
Price spread: +0.217% → 0.000%: $21.66
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: $28.4
Costs to cover: 0.064%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Popdex: live order book, 26 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 Popdex live order book, 26 min ago	1.19 bp	7.3 bp −$7	57.3 bp −$573	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	−0.0033%	4h	0.2128	+0.203%	$41K	$24K	10x	as long as short
Backpack ENA_USDC_PERP	−0.0027%	1h	0.2129	+0.283%	$376K	$447K	5x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2129	+0.259%	$93K	$1.8M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2128	+0.212%	$106K	—	150x	as long as short
Injective ENA/USDC PERPlong	+0.0033%	1h	0.2123	long leg	$522	$57K	5.5x
Popdex ENAUSDTshort	+0.0096%	1h	0.2128	+0.217%	$63K	$529K	50x
Nado ENA-PERP	+0.0100%	1h	0.2128	+0.221%	$683K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2127	+0.154%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2123	−0.009%	$411K	$573K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2125	+0.077%	$131.4M	$455.7M	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	0.2125	+0.066%	$89.2M	$191.1M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2126	+0.118%	$20.6M	$112.3M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2114	−0.452%	$16K	$400K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2126	+0.122%	$84K	$221K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2122	−0.085%	$89K	$500	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2125	+0.085%	$10.9M	$21.2M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2126	+0.113%	$47.0M	$45.3M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2129	+0.254%	$24.5M	$16.4M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2124	+0.014%	$48.1M	$64.9M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2125	+0.075%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2119	−0.228%	$3.9M	$10.3M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2116	−0.349%	$251K	$7.6M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2116	−0.348%	$351K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2123	−0.019%	$32K	$711K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2129	+0.254%	$179K	$2.6M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2077	−2.199%	$1K	$821K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2128	+0.217%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2134	+0.518%	$277K	$1.5M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2127	+0.170%	$2.0M	$9.2M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2122	−0.064%	$47K	$221	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2128	+0.214%	$78K	$11K	3x	as long as short
01 Exchange ENAUSD	+0.0136%	1h	0.2126	+0.141%	$4K	$312	10x	as long as short
Phoenix ENA	+0.0189%	1h	0.2115	−0.377%	$5K	$347K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0240%	1h	0.2129	+0.257%	$2.7M	$5.5M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0250% / S −0.0434%	1h	0.2128	+0.202%	$38K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2128	+0.207%	$5.6M	$8.1M	75x	as long as short
Extended ENA-USD	+0.0352%	1h	0.2124	+0.035%	$1.6M	$4.2M	50x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2127	+0.153%	$1K	$5K	15x	as long as short
Lighter ENA	+0.0544%	1h	0.2130	+0.334%	$5.7M	$12.8M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0552%	1h	0.2132	+0.381%	$842K	$2.1M	50x	as long as short
Hyperliquid ENA	+0.0586%	1h	0.2131	+0.358%	$114.3M	$78.7M	10x	as long as short
dYdX ENA-USD	+0.1669%	1h	0.2122	−0.065%	$140K	$15K	5x	as long as short