ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0073%/8h= −8.0% APRnext payment −$0.09 per $10,000 · paid last 24h +0.061%

Price spread now: ApeX Omni against Kraken Futures+0.074%7-day average −0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$92as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$770.765% of the position

Long on Kraken Futures Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.159%−$16 on $10k

Price spread, last 4 days (all we have)−0.773%−$77 · spread now +0.074%, 7d avg −0.031%

Together, before fees−0.932%−$93 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.105% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.074% now, against its 7-day average of −0.031%): +$10 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ENAUSD	0.2107	0.0173	pay 0.0022% / 1h	29m 01s	$2.6M	$4.3M	50x
Short	ApeX Omni ENAUSDT	0.2109	0.0100	get 0.0013% / 1h	29m 01s	$20K	$651K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Kraken Futures. 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 Kraken FuturesbpFee ApeX OmnibpOrdersPrice spread, now +0.074%Rate

Funding earned: −$15.38
Price spread: +0.074% → −0.031%: $10.49
Slippage, 4 orders: −$56.54
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$81.43
Costs to cover: 0.765%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 5 min ago; ApeX Omni: live order book, 24 min ago.

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 Kraken Futures live order book, 5 min ago	9.05 bp	17.3 bp −$17	26.5 bp −$265	93.7 bp −$9,373	doesn't fit
Sell ApeX Omni live order book, 24 min ago	11.83 bp	20.8 bp −$21	148.6 bp −$1,486	doesn't fit	doesn't fit

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	−0.0106%	1h	0.2107	−0.002%	$359K	$403K	5x	as long as short
Orderly PERP_ENA_USDC	−0.0102%	4h	0.2105	−0.092%	$44K	$26K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2107	−0.045%	$73K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2106	−0.045%	$82K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.757%	$522	$57K	5.5x	as long as short
01 Exchange ENAUSD	+0.0048%	1h	0.2107	−0.002%	$4K	$277	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2106	−0.068%	$56K	$465K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2101	−0.293%	$47K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2106	−0.054%	$655K	$1.7M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2108	+0.013%	$1.5M	$3.2M	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	0.2108	+0.043%	$401K	$513K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2107	−0.029%	$127.8M	$413.7M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2107	−0.045%	$85.2M	$174.4M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2107	−0.035%	$21.0M	$103.5M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2100	−0.372%	$22K	$332K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2108	+0.027%	$78K	$276K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2098	−0.448%	$92K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2107	−0.035%	$11.2M	$22.4M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2107	−0.030%	$45.7M	$41.0M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2108	+0.012%	$24.9M	$15.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2105	−0.116%	$47.8M	$57.7M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2106	−0.049%	—	$31.7M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2109	+0.092%	$3.0M	$10.0M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2105	−0.100%	$242K	$6.9M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2109	+0.075%	$354K	$5.0M	10x	as long as short
ApeX Omni ENAUSDTshort	+0.0100%	1h	0.2109	+0.074%	$20K	$651K	50x
Polymarket Perps ENA-USD	+0.0100%	1h	0.2107	−0.002%	$192K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2056	−2.417%	$986	$852K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2107	−0.021%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2113	+0.259%	$273K	$789K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2106	−0.068%	$1.7M	$8.9M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2106	−0.074%	$1.6M	$4.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2106	−0.063%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0113%	1h	0.2111	+0.160%	$8K	$274K	10x	as long as short
Kraken Futures PF_ENAUSDlong	+0.0173%	1h	0.2107	long leg	$2.6M	$4.3M	50x
Lighter ENA	+0.0216%	1h	0.2109	+0.065%	$5.2M	$13.3M	10x	as long as short
Hyperliquid ENA	+0.0238%	1h	0.2109	+0.055%	$114.6M	$74.1M	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0306% / S −0.0358%	1h	0.2107	−0.031%	$70K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2106	−0.049%	$5.5M	$3.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2106	−0.070%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0656%	1h	0.2114	+0.335%	$865K	$1.7M	50x	as long as short
dYdX ENA-USD	+0.1071%	1h	0.2108	+0.041%	$139K	$15K	5x	as long as short