ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0061%/8h= −6.7% APRnext payment −$0.08 per $10,000 · paid last 24h +0.063%

Price spread now: Popdex against Kraken Futures−0.237%7-day average −0.083% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$570.567% of the position

Long on Kraken Futures Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.165%−$16 on $10k

Price spread, last 4 days (all we have)−0.169%−$17 · spread now −0.237%, 7d avg −0.083%

Together, before fees−0.333%−$33 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 Popdex is 0.154% cheaper against Kraken Futures than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.083%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ENAUSD	0.2192	0.0157	pay 0.0020% / 1h	12m 52s	$2.7M	$4.3M	50x
Short	Popdex ENAUSDT	0.2187	0.0096	get 0.0012% / 1h	12m 52s	$54K	$476K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now −0.237%Rate

Funding earned: −$12.76
Price spread: −0.237% → −0.083%: −$15.4
Slippage, 4 orders: −$40.3
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$84.86
Costs to cover: 0.567%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 1 min ago; Popdex: live order book, 36 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, 1 min ago	11.90 bp	19.3 bp −$19	24.1 bp −$241	97.1 bp −$9,714	doesn't fit
Sell Popdex live order book, 36 min ago	1.66 bp	9.1 bp −$9	87.1 bp −$871	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	−0.0137%	4h	0.2192	−0.022%	$46K	$26K	10x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2192	−0.016%	$85K	—	150x	as long as short
Phemex ENAUSDT	+0.0024%	4h	0.2187	−0.237%	$1.8M	$8.9M	50x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−3.138%	$522	$57K	5.5x	as long as short
01 Exchange ENAUSD	+0.0056%	1h	0.2187	−0.246%	$4K	$277	10x	as long as short
Popdex ENAUSDTshort	+0.0096%	1h	0.2187	−0.237%	$54K	$476K	50x
Nado ENA-PERP	+0.0100%	1h	0.2191	−0.061%	$568K	$1.8M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2188	−0.178%	$118.6M	$75.6M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2184	−0.388%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2184	−0.379%	$410K	$528K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ENAUSDT	+0.0100%	4h	0.2183	−0.438%	$132.4M	$425.1M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2182	−0.447%	$88.3M	$178.2M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2182	−0.474%	$21.8M	$109.4M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2176	−0.743%	$21K	$335K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2187	−0.237%	$81K	$280K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2182	−0.442%	$11.6M	$24.5M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2183	−0.424%	$47.9M	$41.9M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2184	−0.387%	$25.5M	$15.7M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2182	−0.483%	$49.4M	$58.9M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2182	−0.469%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2174	−0.839%	$3.1M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2175	−0.779%	$253K	$7.0M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2177	−0.693%	$365K	$5.0M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2178	−0.647%	$20K	$650K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2193	+0.019%	$194K	$2.5M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2139	−2.445%	$921	$886K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2191	−0.054%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2188	−0.168%	$274K	$806K	50x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2132	−2.769%	$94K	−$0	10x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2184	−0.363%	$49K	$110	10x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2182	−0.475%	$1.6M	$4.3M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2192	−0.026%	$77K	$4K	3x	as long as short
Phoenix ENA	+0.0153%	1h	0.2174	−0.821%	$8K	$278K	10x	as long as short
Kraken Futures PF_ENAUSDlong	+0.0157%	1h	0.2192	long leg	$2.7M	$4.3M	50x
Deribit ENA_USDC-PERPETUAL	+0.0161%	1h	0.2192	0.000%	$71K	$1.1M	50x	as long as short
dYdX ENA-USD	+0.0233%	1h	0.2183	−0.424%	$144K	$16K	5x	as long as short
Lighter ENA	+0.0248%	1h	0.2193	+0.046%	$5.3M	$13.4M	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0311% / S −0.0753%	1h	0.2191	−0.055%	$60K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2193	+0.032%	$5.6M	$3.3M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2191	−0.055%	$1K	$5K	15x	as long as short
Backpack ENA_USDC_PERP	+0.0678%	1h	0.2188	−0.196%	$369K	$401K	5x	as long as short
Coinbase International ENA-PERP-INTX	+0.0704%	1h	0.2192	+0.005%	$897K	$1.8M	50x	as long as short