ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h +0.055%

Price spread now: Pacifica against Kraken Futures−0.041%7-day average −0.076% · you buy dearer than you sell

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$450.452% of the position

Long on Kraken Futures Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.129%−$13 on $10k

Price spread, last 3 days (all we have)−0.529%−$53 · spread now −0.041%, 7d avg −0.076%

Together, before fees−0.657%+ Points / potential airdropPacifica: Active · farm board−$66 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.035% dearer against Kraken Futures than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.076%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ENAUSD	0.2100	0.0104	pay 0.0013% / 1h	32m 17s	$2.7M	$5.8M	50x
Short	Pacifica ENA	0.2099	0.0100	get 0.0013% / 1h	32m 17s	$403K	$585K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.041%Rate

Funding earned: −$0.81
Price spread: −0.041% → −0.076%: $3.53
Slippage, 4 orders: −$27.22
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$42.51
Costs to cover: 0.452%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 2 min ago; Pacifica: live order book, 56 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, 2 min ago	3.57 bp	14.3 bp −$14	24.7 bp −$247	754.9 bp −$75.5K	doesn't fit
Sell Pacifica live order book, 56 min ago	2.11 bp	9.2 bp −$9	doesn't fit	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	−0.0316%	1h	0.2099	−0.034%	$361K	$485K	5x	as long as short
Orderly PERP_ENA_USDC	−0.0082%	4h	0.2099	−0.058%	$41K	$23K	10x	as long as short
01 Exchange ENAUSD	−0.0032%	1h	0.2099	−0.058%	$4K	$432	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2100	−0.015%	$97K	$1.9M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2100	−0.001%	$96K	—	150x	as long as short
Gate ENA_USDT	+0.0016%	4h	0.2099	−0.067%	$10.4M	$21.5M	50x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+1.114%	$522	$57K	5.5x	as long as short
Phoenix ENA	+0.0076%	1h	0.2095	−0.215%	$5K	$394K	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2098	−0.096%	$59K	$541K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2098	−0.093%	$47K	$221	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado ENA-PERP	+0.0100%	1h	0.2098	−0.086%	$658K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2099	−0.032%	$1.5M	$3.3M	50x	as long as short
Pacifica ENAshort	+0.0100%	1h	0.2099	−0.041%	$403K	$585K	10x
Binance ENAUSDT	+0.0100%	4h	0.2100	+0.020%	$129.5M	$467.1M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2099	−0.048%	$87.8M	$194.0M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2100	−0.020%	$20.3M	$114.3M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2091	−0.453%	$19K	$433K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2099	−0.048%	$82K	$223K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2094	−0.286%	$88K	$2K	10x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2102	+0.118%	$44.8M	$48.8M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2100	+0.014%	$24.3M	$16.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2099	−0.048%	$47.5M	$66.5M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2099	−0.029%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2092	−0.383%	$3.6M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2093	−0.323%	$249K	$8.0M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2094	−0.307%	$359K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2093	−0.334%	$32K	$713K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2101	+0.033%	$182K	$3.0M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2049	−2.444%	$1K	$806K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2099	−0.048%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2101	+0.047%	$272K	$1.6M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2100	−0.001%	$1.9M	$9.3M	50x	as long as short
Kraken Futures PF_ENAUSDlong	+0.0104%	1h	0.2100	long leg	$2.7M	$5.8M	50x
Extended ENA-USD	+0.0104%	1h	0.2099	−0.057%	$1.6M	$4.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2099	−0.053%	$77K	$11K	3x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0213% / S −0.0161%	1h	0.2100	−0.023%	$50K	—	100x	as long as short
Lighter ENA	+0.0288%	1h	0.2102	+0.094%	$5.7M	$13.1M	10x	as long as short
Hyperliquid ENA	+0.0304%	1h	0.2102	+0.104%	$111.0M	$80.8M	10x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2098	−0.082%	$5.5M	$8.1M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2099	−0.034%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0536%	1h	0.2101	+0.037%	$802K	$2.2M	50x	as long as short
dYdX ENA-USD	+0.8600%	1h	0.2098	−0.100%	$139K	$15K	5x	as long as short