Funding you earn now, next payment 00:00 UTC−0.0207%/8h= −22.7% APRnext payment −$0.26 per $10,000 · paid last 24h +0.031%
Price spread now: Injective against Kraken Futures−0.102%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.039%+$4 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Injective is 0.102% cheaper against Kraken Futures than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.039% in total (about 2.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.26 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ENAUSD | 0.2126 | 0.0240 | pay 0.0030% / 1h | 50m 39s | $2.7M | $5.5M | 50x |
| Short | Injective ENA/USDC PERP | 0.2123 | 0.0033 | get 0.0004% / 1h | 50m 39s | $522 | $57K | 5.5x |
Kraken Futures PF_ENAUSD
Injective ENA/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$43.46
- Price spread: −0.102% → 0.000%
- −$10.24
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$63.73
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 3 min ago; Injective: 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, 3 min ago | 12.70 bp | 18.6 bp −$19 | 28.8 bp −$288 | 99.7 bp −$9,969 | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 | −0.0031% | 4h | 0.2124 | −0.060% | $41K | $24K | 10x | as long as short |
| Deribit ENA_USDC-PERPETUAL | 0.0000% | 1h | 0.2125 | −0.037% | $92K | $1.8M | 50x | as long as short |
| gTrade (Gains Network) ENA/USD | L +0.0003% / S −0.0003% | 1h | 0.2125 | −0.046% | $106K | — | 150x | as long as short |
| Backpack ENA_USDC_PERP | +0.0031% | 1h | 0.2126 | +0.010% | $375K | $447K | 5x | as long as short |
| Injective ENA/USDC PERPshort | +0.0033% | 1h | 0.2123 | −0.102% | $522 | $57K | 5.5x | |
| Popdex ENAUSDT | +0.0096% | 1h | 0.2124 | −0.074% | $63K | $529K | 50x | as long as short |
| Nado ENA-PERP | +0.0100% | 1h | 0.2124 | −0.079% | $682K | $1.8M | 10x | as long as short |
| Aster ENAUSDT | +0.0100% | 4h | 0.2125 | −0.016% | $1.5M | $3.3M | 50x | as long as short |
| Pacifica ENA | +0.0100% | 1h | 0.2125 | −0.046% | $411K | $573K | 10x | as long as short |
| Binance ENAUSDT | +0.0100% | 4h | 0.2125 | −0.035% | $131.3M | $455.6M | 75x | as long as short |
Orderly PERP_ENA_USDC
Deribit ENA_USDC-PERPETUAL
gTrade (Gains Network) ENA/USD
Backpack ENA_USDC_PERP
Popdex ENAUSDT
Nado ENA-PERP
Aster ENAUSDT
Pacifica ENA
Binance ENAUSDTShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ENAUSDT | +0.0100% | 4h | 0.2125 | −0.013% | $89.2M | $191.2M | 50x | as long as short |
| OKX ENA-USDT-SWAP | +0.0100% | 4h | 0.2126 | +0.010% | $20.6M | $112.1M | 50x | as long as short |
| Ondo Perps ENA-USD.P | +0.0100% | 1h | 0.2128 | +0.128% | $15K | $403K | 5x | as long as short |
| Arcus ENA-USD | +0.0100% | 1h | 0.2126 | +0.020% | $84K | $221K | 10x | as long as short |
| Bulk ENA-USD | +0.0100% | 1h | 0.2125 | −0.005% | $90K | $500 | 10x | as long as short |
| Gate ENA_USDT | +0.0100% | 4h | 0.2125 | −0.018% | $10.9M | $21.2M | 50x | as long as short |
| MEXC ENA_USDT | +0.0100% | 4h | 0.2126 | +0.006% | $47.0M | $45.3M | 200x | as long as short |
| KuCoin ENAUSDTM | +0.0100% | 4h | 0.2126 | +0.015% | $24.5M | $16.4M | 75x | as long as short |
| Bitget ENAUSDT | +0.0100% | 4h | 0.2125 | −0.037% | $48.2M | $64.7M | 75x | as long as short |
| BingX ENA-USDT | +0.0100% | 4h | 0.2125 | −0.013% | — | $32.7M | — | as long as short |
| Variational Omni ENA | +0.0100% | 4h | 0.2119 | −0.330% | $3.9M | $10.3M | — | as long as short |
| edgeX ENAUSDC | +0.0100% | 4h | 0.2116 | −0.451% | $251K | $7.6M | 20x | as long as short |
| GRVT ENA_USDT_Perp | +0.0100% | 4h | 0.2116 | −0.451% | $351K | $4.6M | 10x | as long as short |
| Polymarket Perps ENA-USD | +0.0100% | 1h | 0.2125 | −0.032% | $179K | $2.6M | 10x | as long as short |
| SunX ENA-USDT | +0.0100% | 4h | 0.2073 | −2.474% | $1K | $823K | 20x | as long as short |
| SoDEX ENA-USD | +0.0100% | 1h | 0.2125 | −0.027% | $4K | $14K | 10x | as long as short |
| HTX ENA-USDT | +0.0100% | 4h | 0.2129 | +0.161% | $276K | $1.5M | 50x | as long as short |
| Phemex ENAUSDT | +0.0100% | 4h | 0.2124 | −0.074% | $2.0M | $9.2M | 50x | as long as short |
| Paradex ENA-USD-PERP | +0.0100% | 8h | 0.2125 | −0.024% | $48K | $221 | 10x | as long as short |
| Aevo ENA-PERP | +0.0104% | 1h | 0.2125 | −0.039% | $78K | $11K | 3x | as long as short |
| ApeX Omni ENAUSDT | +0.0131% | 1h | 0.2128 | +0.114% | $32K | $712K | 50x | as long as short |
| 01 Exchange ENAUSD | +0.0152% | 1h | 0.2126 | +0.010% | $4K | $312 | 10x | as long as short |
| Phoenix ENA | +0.0189% | 1h | 0.2115 | −0.479% | $6K | $347K | 10x | as long as short |
| Kraken Futures PF_ENAUSDlong | +0.0240% | 1h | 0.2126 | long leg | $2.7M | $5.5M | 50x | |
| GMX ENA/USD [ETH-USDC] | L +0.0250% / S −0.0434% | 1h | 0.2124 | −0.054% | $38K | — | 100x | as long as short |
| BloFin ENA-USDT | +0.0340% | 4h | 0.2124 | −0.065% | $5.6M | $8.1M | 75x | as long as short |
| Extended ENA-USD | +0.0344% | 1h | 0.2125 | −0.023% | $1.6M | $4.2M | 50x | as long as short |
| Reya ENARUSDPERP | +0.0412% | 1h | 0.2124 | −0.083% | $1K | $5K | 15x | as long as short |
| Coinbase International ENA-PERP-INTX | +0.0552% | 1h | 0.2135 | +0.420% | $843K | $2.1M | 50x | as long as short |
| Lighter ENA | +0.0592% | 1h | 0.2127 | +0.072% | $5.7M | $12.8M | 10x | as long as short |
| Hyperliquid ENA | +0.0738% | 1h | 0.2130 | +0.185% | $114.4M | $78.8M | 10x | as long as short |
| dYdX ENA-USD | +0.1677% | 1h | 0.2125 | −0.013% | $140K | $15K | 5x | as long as short |
Bybit ENAUSDT
OKX ENA-USDT-SWAP
Ondo Perps ENA-USD.P
Arcus ENA-USD
Bulk ENA-USD
Gate ENA_USDT
MEXC ENA_USDT
KuCoin ENAUSDTM
Bitget ENAUSDT
BingX ENA-USDT
Variational Omni ENA
edgeX ENAUSDC
GRVT ENA_USDT_Perp
Polymarket Perps ENA-USD
SunX ENA-USDT
SoDEX ENA-USD
HTX ENA-USDT
Phemex ENAUSDT
Paradex ENA-USD-PERP
Aevo ENA-PERP
ApeX Omni ENAUSDT
01 Exchange ENAUSD
Phoenix ENA
GMX ENA/USD [ETH-USDC]
BloFin ENA-USDT
Extended ENA-USD
Reya ENARUSDPERP
Coinbase International ENA-PERP-INTX
Lighter ENA
Hyperliquid ENA
dYdX ENA-USD