Funding you earn now, next payment 23:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.026%
Price spread now: Variational Omni against Injective−1.281%91s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Funding pays, the price is against you. Variational Omni is 1.281% cheaper against Injective than usual: you would sell low and buy high (spread −1.281% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$128 on $10k: about 2 months of funding at the current rate (+$2 a day). The two prices were read 91 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 | 39m 54s | $522 | $57K | 5.5x |
| Short | Variational Omni ENA | 0.2096 | 0.0100 | get 0.0050% / 4h | 1h 39m | $3.8M | $10.4M | — |
Injective ENA/USDC PERP
Variational Omni ENAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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: −1.281% → 0.000%
- −$128.05
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$114.07
- Costs to cover
- 0.000%
- Break-even
- 64.0 days
Slippage unknown: Injective: no order-book sample; Variational Omni: RFQ quote, 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 Variational Omni RFQ quote, 4 min ago | 4.77 bp | doesn't fit | 14.3 bp −$143 | 57.2 bp −$5,722 | 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 | −0.0067% | 4h | 0.2099 | −1.130% | $41K | $24K | 10x | as long as short |
| Backpack ENA_USDC_PERP | −0.0050% | 1h | 0.2101 | −1.050% | $362K | $481K | 5x | as long as short |
| Deribit ENA_USDC-PERPETUAL | 0.0000% | 1h | 0.2100 | −1.093% | $93K | $1.8M | 50x | as long as short |
| gTrade (Gains Network) ENA/USD | L +0.0003% / S −0.0003% | 1h | 0.2100 | −1.110% | $96K | — | 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 | 0.2100 | −1.113% | $2.6M | $5.6M | 50x | as long as short |
| 01 Exchange ENAUSD | +0.0096% | 1h | 0.2099 | −1.173% | $4K | $432 | 10x | as long as short |
| Popdex ENAUSDT | +0.0096% | 1h | 0.2097 | −1.243% | $59K | $537K | 50x | as long as short |
| Paradex ENA-USD-PERP | +0.0100% | 8h | 0.2097 | −1.248% | $47K | $221 | 10x | as long as short |
| Nado ENA-PERP | +0.0100% | 1h | 0.2097 | −1.257% | $659K | $1.8M | 10x | as long as short |
Orderly PERP_ENA_USDC
Backpack ENA_USDC_PERP
Deribit ENA_USDC-PERPETUAL
gTrade (Gains Network) ENA/USD
Kraken Futures PF_ENAUSD
01 Exchange ENAUSD
Popdex ENAUSDT
Paradex ENA-USD-PERP
Nado ENA-PERPShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster ENAUSDT | +0.0100% | 4h | 0.2100 | −1.100% | $1.5M | $3.3M | 50x | as long as short |
| Pacifica ENA | +0.0100% | 1h | 0.2098 | −1.206% | $406K | $582K | 10x | as long as short |
| Binance ENAUSDT | +0.0100% | 4h | 0.2099 | −1.152% | $129.3M | $460.5M | 75x | as long as short |
| Bybit ENAUSDT | +0.0100% | 4h | 0.2098 | −1.215% | $87.2M | $191.9M | 50x | as long as short |
| OKX ENA-USDT-SWAP | +0.0100% | 4h | 0.2099 | −1.159% | $20.3M | $112.6M | 50x | as long as short |
| Ondo Perps ENA-USD.P | +0.0100% | 1h | 0.2098 | −1.191% | $21K | $415K | 5x | as long as short |
| Arcus ENA-USD | +0.0100% | 1h | 0.2098 | −1.196% | $82K | $222K | 10x | as long as short |
| Bulk ENA-USD | +0.0100% | 1h | 0.2098 | −1.203% | $88K | $1K | 10x | as long as short |
| Gate ENA_USDT | +0.0100% | 4h | 0.2099 | −1.159% | $10.5M | $21.2M | 50x | as long as short |
| MEXC ENA_USDT | +0.0100% | 4h | 0.2099 | −1.163% | $45.0M | $46.7M | 200x | as long as short |
| KuCoin ENAUSDTM | +0.0100% | 4h | 0.2099 | −1.126% | $24.0M | $16.5M | 75x | as long as short |
| Bitget ENAUSDT | +0.0100% | 4h | 0.2097 | −1.234% | $47.5M | $65.2M | 75x | as long as short |
| BingX ENA-USDC | +0.0100% | 4h | 0.2099 | −1.163% | — | $6.5M | — | as long as short |
| Variational Omni ENAshort | +0.0100% | 4h | 0.2096 | −1.281% | $3.8M | $10.4M | — | |
| edgeX ENAUSDC | +0.0100% | 4h | 0.2098 | −1.203% | $249K | $7.8M | 20x | as long as short |
| GRVT ENA_USDT_Perp | +0.0100% | 4h | 0.2095 | −1.332% | $354K | $4.6M | 10x | as long as short |
| ApeX Omni ENAUSDT | +0.0100% | 1h | 0.2096 | −1.290% | $32K | $711K | 50x | as long as short |
| Polymarket Perps ENA-USD | +0.0100% | 1h | 0.2098 | −1.177% | $188K | $2.8M | 10x | as long as short |
| SunX ENA-USDT | +0.0100% | 4h | 0.2047 | −3.612% | $958 | $814K | 20x | as long as short |
| SoDEX ENA-USD | +0.0100% | 1h | 0.2100 | −1.102% | $4K | $14K | 10x | as long as short |
| HTX ENA-USDT | +0.0100% | 4h | 0.2103 | −0.970% | $274K | $1.5M | 50x | as long as short |
| Phemex ENAUSDT | +0.0100% | 4h | 0.2100 | −1.102% | $1.9M | $9.2M | 50x | as long as short |
| Aevo ENA-PERP | +0.0104% | 1h | 0.2095 | −1.336% | $77K | $11K | 3x | as long as short |
| Phoenix ENA | +0.0115% | 1h | 0.2099 | −1.149% | $5K | $356K | 10x | as long as short |
| GMX ENA/USD [ETH-USDC] | L +0.0226% / S −0.0377% | 1h | 0.2100 | −1.099% | $38K | — | 100x | as long as short |
| Extended ENA-USD | +0.0288% | 1h | 0.2098 | −1.203% | $1.6M | $4.2M | 50x | as long as short |
| BloFin ENA-USDT | +0.0340% | 4h | 0.2097 | −1.239% | $5.5M | $8.1M | 75x | as long as short |
| Reya ENARUSDPERP | +0.0412% | 1h | 0.2098 | −1.215% | $1K | $5K | 15x | as long as short |
| Lighter ENA | +0.0528% | 1h | 0.2103 | −0.961% | $5.6M | $12.9M | 10x | as long as short |
| Hyperliquid ENA | +0.0565% | 1h | 0.2102 | −1.027% | $111.0M | $79.5M | 10x | as long as short |
| Coinbase International ENA-PERP-INTX | +0.0576% | 1h | 0.2102 | −1.022% | $803K | $2.1M | 50x | as long as short |
| dYdX ENA-USD | +0.1904% | 1h | 0.2098 | −1.219% | $139K | $15K | 5x | as long as short |
Aster ENAUSDT
Pacifica ENA
Binance ENAUSDT
Bybit ENAUSDT
OKX ENA-USDT-SWAP
Ondo Perps ENA-USD.P
Arcus ENA-USD
Bulk ENA-USD
Gate ENA_USDT
MEXC ENA_USDT
KuCoin ENAUSDTM
Bitget ENAUSDT
BingX ENA-USDC
edgeX ENAUSDC
GRVT ENA_USDT_Perp
ApeX Omni ENAUSDT
Polymarket Perps ENA-USD
SunX ENA-USDT
SoDEX ENA-USD
HTX ENA-USDT
Phemex ENAUSDT
Aevo ENA-PERP
Phoenix ENA
GMX ENA/USD [ETH-USDC]
Extended ENA-USD
BloFin ENA-USDT
Reya ENARUSDPERP
Lighter ENA
Hyperliquid ENA
Coinbase International ENA-PERP-INTX
dYdX ENA-USD