ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0135%/8h= −14.8% APRnext payment −$0.17 per $10,000 · paid last 24h +0.059%

Price spread now: SoDEX against Kraken Futures−0.080%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 SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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 −$4 a day on $10k at the current rate, and SoDEX is 0.080% cheaper against Kraken Futures than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ENAUSD	0.2122	0.0235	pay 0.0029% / 1h	32m 15s	$2.7M	$5.1M	50x
Short	SoDEX ENA-USD	0.2120	0.0100	get 0.0013% / 1h	32m 15s	$4K	$10K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.080%Rate

Funding earned: −$28.43
Price spread: −0.080% → 0.000%: −$8
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$54.43
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 2 min ago; SoDEX: 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, 2 min ago	10.61 bp	15.7 bp −$16	20.3 bp −$203	89.6 bp −$8,962	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2120	−0.099%	$81K	$1.7M	50x	as long as short
Backpack ENA_USDC_PERP	+0.0003%	1h	0.2118	−0.188%	$377K	$415K	5x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2116	−0.264%	$97K	—	150x	as long as short
Orderly PERP_ENA_USDC	+0.0028%	4h	0.2116	−0.254%	$41K	$23K	10x	as long as short
dYdX ENA-USD	+0.0028%	1h	0.2116	−0.282%	$140K	$15K	5x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.080%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2113	−0.410%	$62K	$519K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2114	−0.363%	$672K	$1.7M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2115	−0.314%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2114	−0.349%	$410K	$552K	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	0.2116	−0.251%	$131.3M	$443.5M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2116	−0.250%	$89.1M	$185.5M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2120	−0.089%	$20.7M	$108.8M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2116	−0.287%	$15K	$399K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2115	−0.316%	$105K	$242K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2117	−0.245%	$89K	−$0	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2116	−0.287%	$10.8M	$20.8M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2114	−0.344%	$45.8M	$44.3M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2116	−0.283%	$24.3M	$16.5M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2119	−0.141%	$48.1M	$61.5M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2117	−0.245%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2115	−0.329%	$3.8M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2113	−0.392%	$246K	$7.5M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2113	−0.421%	$356K	$4.7M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2118	−0.174%	$34K	$686K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2115	−0.316%	$178K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2067	−2.554%	$984	$827K	20x	as long as short
SoDEX ENA-USDshort	+0.0100%	1h	0.2120	−0.080%	$4K	$10K	10x
HTX ENA-USDT	+0.0100%	4h	0.2119	−0.132%	$275K	$1.2M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2116	−0.269%	$1.9M	$9.4M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2113	−0.393%	$47K	$221	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2116	−0.252%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0150%	1h	0.2116	−0.278%	$7K	$347K	10x	as long as short
01 Exchange ENAUSD	+0.0224%	1h	0.2114	−0.349%	$4K	$302	10x	as long as short
Kraken Futures PF_ENAUSDlong	+0.0235%	1h	0.2122	long leg	$2.7M	$5.1M	50x
GMX ENA/USD [ETH-USDC]	L +0.0250% / S −0.0434%	1h	0.2116	−0.265%	$38K	—	100x	as long as short
Extended ENA-USD	+0.0280%	1h	0.2120	−0.091%	$1.6M	$4.3M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2117	−0.217%	$5.6M	$2.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2114	−0.359%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0608%	1h	0.2120	−0.089%	$837K	$1.8M	50x	as long as short
Lighter ENA	+0.0632%	1h	0.2118	−0.188%	$5.6M	$12.6M	10x	as long as short
Hyperliquid ENA	+0.0708%	1h	0.2117	−0.217%	$114.2M	$75.3M	10x	as long as short