ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0511%/8h= +56.0% APRnext payment +$0.64 per $10,000 · paid last 24h +0.141%

Price spread now: Reya against Kraken Futures−0.162%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Reya

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.162% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.162% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 25 hours of funding at the current rate (+$15 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ENAUSD	0.2086	−0.0100	get 0.0012% / 1h	48m 23s	$2.6M	$3.0M	50x
Short	Reya ENARUSDPERP	0.2083	0.0411	get 0.0051% / 1h	48m 23s	$1K	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.162%Rate

Funding earned: $107.36
Price spread: −0.162% → 0.000%: −$16.22
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: $75.13
Costs to cover: 0.160%
Break-even: 2.1 days

Slippage unknown: Kraken Futures: live order book, 3 min ago; Reya: 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	10.86 bp	17.3 bp −$17	20.6 bp −$206	92.5 bp −$9,250	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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 exchanges

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	−0.0161%	4h	0.2084	−0.084%	$43K	$16K	10x	as long as short
Kraken Futures PF_ENAUSDlong	−0.0100%	1h	0.2086	long leg	$2.6M	$3.0M	50x
01 Exchange ENAUSD	0.0000%	1h	0.2086	−0.036%	$4K	$60	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2086	−0.012%	$55K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2084	−0.093%	$81K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2122	+1.709%	$734	$57K	5.5x	as long as short
Phoenix ENA	+0.0038%	1h	0.2079	−0.348%	$13K	$290K	10x	as long as short
Bitget ENAUSDT	+0.0042%	4h	0.2084	−0.089%	$47.2M	$53.8M	75x	as long as short
Lighter ENA	+0.0096%	1h	0.2090	+0.175%	$5.0M	$12.0M	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2085	−0.060%	$53K	$388K	50x	as long as short

Show all 42 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex ENA-USD-PERP	+0.0100%	8h	0.2088	+0.069%	$47K	—	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2084	−0.125%	$538K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2084	−0.098%	$111.3M	$74.1M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2083	−0.151%	$1.2M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2088	+0.089%	$377K	$491K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2083	−0.139%	$124.4M	$398.5M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2085	−0.041%	$83.6M	$181.8M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2086	−0.022%	$20.5M	$96.2M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2073	−0.626%	$37K	$308K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2085	−0.060%	$77K	$215K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2083	−0.179%	$102K	$11K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2084	−0.122%	$14.1M	$26.7M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2083	−0.146%	$42.8M	$39.7M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2085	−0.074%	$24.8M	$14.3M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2084	−0.127%	—	$6.5M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2078	−0.386%	$401K	$459K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2074	−0.587%	$2.8M	$7.6M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2072	−0.679%	$238K	$6.6M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2072	−0.668%	$347K	$4.1M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2073	−0.635%	$18K	$650K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2084	−0.122%	$122K	$2.8M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2035	−2.452%	$1K	$931K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2085	−0.060%	$6K	$5K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2082	−0.218%	$268K	$742K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2077	−0.443%	$1.8M	$9.2M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2084	−0.101%	$1.6M	$4.5M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2085	−0.073%	$73K	$4K	3x	as long as short
dYdX ENA-USD	+0.0105%	1h	0.2087	+0.029%	$138K	$17K	5x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2081	−0.266%	$5.5M	$3.4M	75x	as long as short
Reya ENARUSDPERPshort	+0.0411%	1h	0.2083	−0.162%	$1K	—	15x
Coinbase International ENA-PERP-INTX	+0.0520%	1h	0.2079	−0.343%	$760K	$1.7M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0521% / S −0.0754%	1h	0.2084	−0.107%	$57K	—	100x	as long as short