ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0180%/8h= −19.8% APRnext payment −$0.23 per $10,000 · paid last 24h +0.069%

Price spread now: Extended against Kraken Futures−0.109%7-day average −0.123% · you buy dearer than you sell

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$440.440% of the position

Long on Kraken Futures Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.104%−$10 on $10k

Price spread, last 4 days (all we have)−1.043%−$104 · spread now −0.109%, 7d avg −0.123%

Together, before fees−1.147%+ Points / potential airdropExtended: Active · farm board−$115 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.123%, so right now this pair is about funding alone: −$5 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	0.2118	0.0284	pay 0.0036% / 1h	34m 07s	$2.7M	$4.3M	50x
Short	Extended ENA-USD	0.2116	0.0104	get 0.0013% / 1h	34m 07s	$1.6M	$4.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.109%Rate

Funding earned: −$37.9
Price spread: −0.109% → −0.123%: $1.42
Slippage, 4 orders: −$28.97
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$80.45
Costs to cover: 0.440%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 5 min ago; Extended: live order book, 5 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	8.07 bp	13.5 bp −$14	21.8 bp −$218	104.5 bp −$10.4K	doesn't fit
Sell Extended live order book, 5 min ago	0.47 bp	5.6 bp −$6	12.8 bp −$128	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
Orderly PERP_ENA_USDC	−0.0004%	4h	0.2116	−0.117%	$44K	$26K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2117	−0.037%	$79K	$1.3M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2116	−0.084%	$82K	—	150x	as long as short
01 Exchange ENAUSD	+0.0008%	1h	0.2115	−0.141%	$4K	$302	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.246%	$522	$57K	5.5x	as long as short
dYdX ENA-USD	+0.0095%	1h	0.2112	−0.309%	$139K	$15K	5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2114	−0.197%	$55K	$497K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2115	−0.173%	$683K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2119	+0.062%	$113.9M	$71.3M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2117	−0.046%	$1.5M	$3.0M	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	0.2112	−0.288%	$413K	$511K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2118	−0.003%	$130.0M	$420.4M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2118	−0.023%	$86.8M	$175.5M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2118	−0.013%	$20.8M	$102.8M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2106	−0.584%	$19K	$359K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2113	−0.245%	$78K	$288K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2115	−0.150%	$93K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2118	−0.018%	$11.1M	$21.3M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2117	−0.056%	$45.6M	$41.8M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2118	−0.027%	$24.6M	$15.7M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2117	−0.079%	$48.2M	$57.8M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2118	−0.023%	—	$6.5M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2118	+0.006%	$375K	$364K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2113	−0.252%	$3.4M	$10.2M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2106	−0.557%	$243K	$7.3M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2110	−0.390%	$354K	$4.8M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2111	−0.339%	$32K	$648K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2116	−0.108%	$184K	$2.3M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2063	−2.624%	$1K	$840K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2117	−0.056%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2119	+0.034%	$277K	$781K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2118	−0.009%	$1.9M	$8.9M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2112	−0.268%	$47K	$110	10x	as long as short
Extended ENA-USDshort	+0.0104%	1h	0.2116	−0.109%	$1.6M	$4.1M	50x
Aevo ENA-PERP	+0.0104%	1h	0.2116	−0.103%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0150%	1h	0.2107	−0.523%	$8K	$298K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0251% / S −0.0206%	1h	0.2117	−0.069%	$50K	—	100x	as long as short
Kraken Futures PF_ENAUSDlong	+0.0284%	1h	0.2118	long leg	$2.7M	$4.3M	50x
BloFin ENA-USDT	+0.0340%	4h	0.2118	+0.001%	$5.6M	$3.1M	75x	as long as short
Lighter ENA	+0.0392%	1h	0.2120	+0.072%	$5.5M	$13.6M	10x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2115	−0.147%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0664%	1h	0.2118	+0.006%	$833K	$1.5M	50x	as long as short