ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0080%/8h= −8.7% APRnext payment −$0.10 per $10,000 · paid last 24h +0.679%

Price spread now: dYdX against Kraken Futures−0.241%7-day average −0.084% · you buy dearer than you sell

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$151as in the Price arb table

costs, in and out, $10k−$1361.355% of the position

Long on Kraken Futures Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.892%+$89 on $10k

Price spread, last 4 days (all we have)−0.684%−$68 · spread now −0.241%, 7d avg −0.084%

Together, before fees+0.209%+$21 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and dYdX is 0.157% cheaper against Kraken Futures than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.084%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.892%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ENAUSD	0.2170	0.0192	pay 0.0024% / 1h	45m 33s	$2.7M	$4.4M	50x
Short	dYdX ENA-USD	0.2165	0.0113	get 0.0014% / 1h	45m 33s	$143K	$16K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.241%Rate

Funding earned: −$16.73
Price spread: −0.241% → −0.084%: −$15.73
Slippage, 4 orders: −$115.51
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$167.97
Costs to cover: 1.355%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 3 min ago; dYdX: live order book, 53 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, 3 min ago	6.70 bp	12.1 bp −$12	24.9 bp −$249	134.0 bp −$13.4K	doesn't fit
Sell dYdX live order book, 53 min ago	37.93 bp	42.9 bp −$43	384.2 bp −$3,842	823.7 bp −$82.4K	1524.0 bp −$762.0K

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
Phemex ENAUSDT	−0.2157%	4h	0.2169	−0.051%	$1.9M	$8.9M	50x	as long as short
Orderly PERP_ENA_USDC	−0.0087%	4h	0.2170	−0.009%	$45K	$17K	10x	as long as short
01 Exchange ENAUSD	−0.0048%	1h	0.2163	−0.323%	$4K	$277	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2170	−0.005%	$77K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2170	−0.020%	$83K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−2.152%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2163	−0.327%	$52K	$490K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2163	−0.318%	$48K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2162	−0.364%	$591K	$1.8M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2162	−0.369%	$117.9M	$75.9M	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	0.2165	−0.226%	$1.4M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2163	−0.308%	$417K	$563K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2164	−0.295%	$131.4M	$430.5M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2163	−0.336%	$90.2M	$194.0M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2163	−0.346%	$21.4M	$111.4M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2177	+0.304%	$28K	$325K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2164	−0.281%	$80K	$281K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2157	−0.584%	$94K	$511	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2163	−0.323%	$13.5M	$27.0M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2162	−0.383%	$40.8M	$42.9M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2163	−0.336%	$25.5M	$16.0M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2160	−0.470%	$48.8M	$61.1M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2162	−0.378%	—	$31.4M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2168	−0.106%	$3.1M	$9.8M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2145	−1.164%	$259K	$7.0M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2147	−1.071%	$370K	$4.7M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2174	+0.180%	$20K	$646K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2164	−0.295%	$178K	$2.7M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2120	−2.309%	$1K	$923K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2170	−0.005%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2175	+0.240%	$268K	$833K	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2161	−0.425%	$1.7M	$4.5M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2169	−0.051%	$76K	$4K	3x	as long as short
dYdX ENA-USDshort	+0.0113%	1h	0.2165	−0.241%	$143K	$16K	5x
Lighter ENA	+0.0144%	1h	0.2165	−0.240%	$5.0M	$12.9M	10x	as long as short
Phoenix ENA	+0.0150%	1h	0.2138	−1.493%	$13K	$267K	10x	as long as short
Kraken Futures PF_ENAUSDlong	+0.0192%	1h	0.2170	long leg	$2.7M	$4.4M	50x
GMX ENA/USD [ETH-USDC]	L +0.0310% / S −0.0754%	1h	0.2169	−0.029%	$60K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2175	+0.203%	$5.7M	$3.5M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2160	−0.466%	$1K	—	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0544%	1h	0.2177	+0.341%	$808K	$2.0M	50x	as long as short
Backpack ENA_USDC_PERP	+0.0664%	1h	0.2169	−0.051%	$422K	$482K	5x	as long as short