ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0373%/8h= +40.9% APRnext payment +$0.47 per $10,000 · paid last 24h +0.192%

Price spread now: Coinbase International against Kraken Futures+0.073%7-day average +0.080% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$830.828% of the position

Long on Kraken Futures Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.323%+$32 on $10k

Price spread, last 3 days (all we have)−0.328%−$33 · spread now +0.073%, 7d avg +0.080%

Together, before fees−0.005%−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.080%, so right now this pair is about funding alone: +$11 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ENAUSD	0.2126	0.0235	pay 0.0029% / 1h	58m 04s	$2.7M	$5.2M	50x
Short	Coinbase International ENA-PERP-INTX	0.2127	0.0608	get 0.0076% / 1h	58m 04s	$840K	$1.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.073%Rate

Funding earned: $78.34
Price spread: +0.073% → +0.080%: −$0.67
Slippage, 4 orders: −$62.78
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$5.11
Costs to cover: 0.828%
Break-even: 7.5 days

Slippage from Kraken Futures: live order book, 1 min ago; Coinbase International: live order book, 1 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, 1 min ago	13.88 bp	24.9 bp −$25	32.5 bp −$325	111.2 bp −$11.1K	doesn't fit
Sell Coinbase International live order book, 1 min ago	9.87 bp	18.2 bp −$18	24.4 bp −$244	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	−0.0164%	1h	0.2124	−0.087%	$378K	$445K	5x	as long as short
Gate ENA_USDT	−0.0042%	4h	0.2123	−0.134%	$10.8M	$20.5M	50x	as long as short
dYdX ENA-USD	0.0000%	1h	0.2126	−0.007%	$140K	$15K	5x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2124	−0.087%	$94K	$1.7M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2124	−0.076%	$105K	—	150x	as long as short
Orderly PERP_ENA_USDC	+0.0013%	4h	0.2122	−0.167%	$41K	$24K	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−0.115%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2125	−0.040%	$63K	$525K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2123	−0.116%	$682K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2125	−0.026%	$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	0.2125	−0.029%	$412K	$560K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2124	−0.106%	$131.8M	$449.4M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2122	−0.167%	$89.3M	$188.6M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2123	−0.120%	$20.6M	$110.4M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2127	+0.031%	$15K	$395K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2126	+0.007%	$84K	$222K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2126	+0.007%	$90K	−$0	10x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2124	−0.101%	$46.4M	$44.0M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2124	−0.068%	$24.6M	$16.4M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2123	−0.129%	$48.3M	$63.1M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2122	−0.157%	—	$32.6M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2124	−0.070%	$3.9M	$10.2M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2126	−0.003%	$246K	$7.6M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2126	+0.010%	$361K	$4.7M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2127	+0.054%	$34K	$714K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2124	−0.087%	$177K	$2.5M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2074	−2.439%	$1K	$829K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2123	−0.134%	$4K	$11K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2129	+0.144%	$276K	$1.4M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2124	−0.087%	$2.0M	$9.3M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2124	−0.085%	$48K	$221	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2125	−0.022%	$78K	$2K	3x	as long as short
Phoenix ENA	+0.0189%	1h	0.2129	+0.139%	$7K	$341K	10x	as long as short
Kraken Futures PF_ENAUSDlong	+0.0235%	1h	0.2126	long leg	$2.7M	$5.2M	50x
Extended ENA-USD	+0.0240%	1h	0.2123	−0.157%	$1.6M	$4.2M	50x	as long as short
01 Exchange ENAUSD	+0.0248%	1h	0.2127	+0.078%	$4K	$302	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0250% / S −0.0434%	1h	0.2124	−0.082%	$38K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2126	−0.002%	$5.6M	$4.7M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2123	−0.136%	$1K	$5K	15x	as long as short
Lighter ENA	+0.0544%	1h	0.2127	+0.035%	$5.6M	$12.5M	10x	as long as short
Coinbase International ENA-PERP-INTXshort	+0.0608%	1h	0.2127	+0.073%	$840K	$1.9M	50x
Hyperliquid ENA	+0.0795%	1h	0.2126	+0.012%	$114.7M	$78.4M	10x	as long as short