ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0196%/8h= −21.5% APRnext payment −$0.25 per $10,000 · paid last 24h +0.034%

Price spread now: Deribit against Kraken Futures−0.043%7-day average −0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$96as in the Funding arb table

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

costs, in and out, $10k−$650.649% of the position

Long on Kraken Futures Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.307%−$31 on $10k

Price spread, last 4 days (all we have)−0.077%−$8 · spread now −0.043%, 7d avg −0.035%

Together, before fees−0.384%−$38 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.035%, so right now this pair is about funding alone: −$6 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	0.2125	0.0196	pay 0.0025% / 1h	55m 11s	$2.6M	$4.3M	50x
Short	Deribit ENA_USDC-PERPETUAL	0.2124	0	get 0.0000% / 1h	55m 11s	$76K	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.043%Rate

Funding earned: −$41.22
Price spread: −0.043% → −0.035%: −$0.75
Slippage, 4 orders: −$47.87
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$106.84
Costs to cover: 0.649%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 4 min ago; Deribit: live order book, 4 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, 4 min ago	18.34 bp	23.7 bp −$24	31.3 bp −$313	117.7 bp −$11.8K	doesn't fit
Sell Deribit live order book, 4 min ago	2.59 bp	6.1 bp −$6	14.5 bp −$145	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
GRVT ENA_USDT_Perp	−0.0452%	4h	0.2123	−0.097%	$359K	$4.7M	10x	as long as short
Orderly PERP_ENA_USDC	−0.0081%	4h	0.2123	−0.118%	$44K	$17K	10x	as long as short
01 Exchange ENAUSD	−0.0080%	1h	0.2119	−0.278%	$4K	$277	10x	as long as short
Deribit ENA_USDC-PERPETUALshort	0.0000%	1h	0.2124	−0.043%	$76K	$1.1M	50x
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2123	−0.113%	$82K	—	150x	as long as short
dYdX ENA-USD	+0.0021%	1h	0.2121	−0.196%	$140K	$16K	5x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−0.085%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2119	−0.292%	$53K	$486K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2122	−0.156%	$569K	$1.8M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2130	+0.221%	$115.6M	$75.1M	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	0.2131	+0.278%	$1.4M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2119	−0.268%	$409K	$564K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2132	+0.339%	$129.6M	$426.5M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2133	+0.367%	$89.0M	$192.0M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2135	+0.442%	$21.2M	$108.8M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2131	+0.268%	$33K	$313K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2120	−0.245%	$79K	$281K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2127	+0.061%	$93K	$511	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2129	+0.179%	$13.4M	$26.7M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2128	+0.136%	$39.7M	$42.5M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2130	+0.211%	$25.0M	$15.9M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2130	+0.230%	$48.3M	$60.4M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2130	+0.207%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2123	−0.113%	$3.1M	$9.8M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2134	+0.394%	$258K	$7.0M	20x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2125	−0.010%	$19K	$646K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2123	−0.123%	$175K	$2.7M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2072	−2.485%	$1K	$913K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2125	−0.010%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2123	−0.104%	$266K	$807K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2127	+0.084%	$1.9M	$9.0M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2118	−0.348%	$47K	$110	10x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2123	−0.101%	$1.6M	$4.4M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2124	−0.057%	$74K	$4K	3x	as long as short
Lighter ENA	+0.0128%	1h	0.2127	+0.094%	$5.0M	$12.6M	10x	as long as short
Backpack ENA_USDC_PERP	+0.0181%	1h	0.2129	+0.160%	$412K	$477K	5x	as long as short
Phoenix ENA	+0.0190%	1h	0.2134	+0.409%	$13K	$267K	10x	as long as short
Kraken Futures PF_ENAUSDlong	+0.0196%	1h	0.2125	long leg	$2.6M	$4.3M	50x
GMX ENA/USD [ETH-USDC]	L +0.0307% / S −0.0754%	1h	0.2124	−0.080%	$58K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2127	+0.089%	$4.8M	$3.4M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2122	−0.174%	$1K	—	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0544%	1h	0.2138	+0.588%	$803K	$2.0M	50x	as long as short