ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0074%/8h= −8.1% APRnext payment −$0.09 per $10,000 · paid last 24h +0.061%

Price spread now: Bulk against Kraken Futures+0.250%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 4 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

The price spread pays, funding is against you. Bulk is 0.250% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.250% now, against zero (this spread has no 7-day history yet)): +$25 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 11 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ENAUSD	0.2097	0.0174	pay 0.0022% / 1h	9m 17s	$2.6M	$4.3M	50x
Short	Bulk ENA-USD	0.2102	0.0100	get 0.0013% / 1h	9m 17s	$92K	−$0	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now +0.250%Rate

Funding earned: −$15.56
Price spread: +0.250% → 0.000%: $24.99
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$7.58
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Kraken Futures: live order book, 5 min ago; Bulk: no order-book sample. 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 Kraken Futures live order book, 5 min ago	8.79 bp	16.8 bp −$17	21.7 bp −$217	90.9 bp −$9,085	doesn't fit
Sell Bulk no order-book sample	—	—	—	—	—

Bulk: 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	−0.0128%	4h	0.2095	−0.069%	$44K	$25K	10x	as long as short
Backpack ENA_USDC_PERP	−0.0077%	1h	0.2098	+0.069%	$358K	$400K	5x	as long as short
01 Exchange ENAUSD	0.0000%	1h	0.2096	−0.050%	$4K	$277	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2096	−0.041%	$73K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2096	−0.038%	$81K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+1.266%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2096	−0.041%	$56K	$465K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2098	+0.064%	$47K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2096	−0.061%	$648K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2098	+0.050%	$113.9M	$73.8M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ENAUSDT	+0.0100%	4h	0.2097	+0.005%	$1.4M	$3.2M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2098	+0.077%	$399K	$513K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2096	−0.026%	$127.0M	$412.1M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2096	−0.055%	$84.6M	$173.9M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2097	+0.012%	$20.9M	$102.6M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2097	+0.031%	$22K	$321K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2097	+0.007%	$78K	$276K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2096	−0.060%	$11.2M	$22.5M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2096	−0.046%	$45.4M	$41.1M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2097	+0.002%	$24.7M	$15.5M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2094	−0.117%	$47.6M	$57.4M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2097	−0.012%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2098	+0.077%	$3.0M	$10.0M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2103	+0.272%	$242K	$6.8M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2103	+0.293%	$348K	$5.0M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2103	+0.293%	$20K	$650K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2097	−0.007%	$189K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2048	−2.330%	$1K	$854K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2096	−0.041%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2100	+0.155%	$272K	$771K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2096	−0.041%	$1.7M	$8.9M	50x	as long as short
Bulk ENA-USDshort	+0.0100%	1h	0.2102	+0.250%	$92K	−$0	10x
Extended ENA-USD	+0.0104%	1h	0.2095	−0.108%	$1.6M	$4.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2096	−0.062%	$73K	$4K	3x	as long as short
Phoenix ENA	+0.0113%	1h	0.2102	+0.245%	$8K	$274K	10x	as long as short
Lighter ENA	+0.0160%	1h	0.2098	+0.074%	$5.2M	$13.3M	10x	as long as short
Kraken Futures PF_ENAUSDlong	+0.0174%	1h	0.2097	long leg	$2.6M	$4.3M	50x
GMX ENA/USD [ETH-USDC]	L +0.0305% / S −0.0358%	1h	0.2096	−0.041%	$70K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2097	−0.017%	$5.5M	$3.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2095	−0.065%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0656%	1h	0.2109	+0.574%	$863K	$1.7M	50x	as long as short
dYdX ENA-USD	+0.1130%	1h	0.2100	+0.147%	$139K	$15K	5x	as long as short