Funding you earn now, next payment 23:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.026%
Price spread now: Injective against KuCoin+1.520%115s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.235%+$23 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Injective is 1.520% dearer against KuCoin than usual: you sell high and buy low (spread +1.520% now, against zero (this spread has no 7-day history yet)): +$152 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3 months. Mind the row above: over the last 7 days funding on this pair paid +0.235%, so the current rate has only just turned against you. The two prices were read 115 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ENAUSDTM | 0.2092 | 0.0100 | pay 0.0050% / 4h | 1h 31m | $23.9M | $16.5M | 75x |
| Short | Injective ENA/USDC PERP | 0.2123 | 0.0033 | get 0.0004% / 1h | 31m 28s | $522 | $57K | 5.5x |
KuCoin ENAUSDTM
Injective ENA/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against KuCoin. 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
- −$14
- Price spread: +1.520% → 0.000%
- $152.04
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $126.02
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: KuCoin: live order book, 2 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 KuCoin live order book, 2 min ago | 1.19 bp | 19.6 bp −$20 | 35.8 bp −$358 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack ENA_USDC_PERP | −0.0081% | 1h | 0.2093 | +0.048% | $361K | $461K | 5x | as long as short |
| Orderly PERP_ENA_USDC | −0.0064% | 4h | 0.2091 | −0.043% | $40K | $24K | 10x | as long as short |
| Deribit ENA_USDC-PERPETUAL | 0.0000% | 1h | 0.2091 | −0.019% | $92K | $1.8M | 50x | as long as short |
| gTrade (Gains Network) ENA/USD | L +0.0003% / S −0.0003% | 1h | 0.2090 | −0.087% | $96K | — | 150x | as long as short |
| Injective ENA/USDC PERPshort | +0.0033% | 1h | 0.2123 | +1.520% | $522 | $57K | 5.5x | |
| Kraken Futures PF_ENAUSD | +0.0066% | 1h | 0.2093 | +0.060% | $2.6M | $5.6M | 50x | as long as short |
| Popdex ENAUSDT | +0.0096% | 1h | 0.2090 | −0.076% | $61K | $537K | 50x | as long as short |
| Paradex ENA-USD-PERP | +0.0100% | 8h | 0.2094 | +0.111% | $47K | $221 | 10x | as long as short |
| Nado ENA-PERP | +0.0100% | 1h | 0.2091 | −0.029% | $658K | $1.8M | 10x | as long as short |
| Aster ENAUSDT | +0.0100% | 4h | 0.2094 | +0.106% | $1.5M | $3.3M | 50x | as long as short |
Backpack ENA_USDC_PERP
Orderly PERP_ENA_USDC
Deribit ENA_USDC-PERPETUAL
gTrade (Gains Network) ENA/USD
Kraken Futures PF_ENAUSD
Popdex ENAUSDT
Paradex ENA-USD-PERP
Nado ENA-PERP
Aster ENAUSDTShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica ENA | +0.0100% | 1h | 0.2094 | +0.120% | $405K | $581K | 10x | as long as short |
| Binance ENAUSDT | +0.0100% | 4h | 0.2092 | +0.006% | $128.9M | $457.5M | 75x | as long as short |
| Bybit ENAUSDT | +0.0100% | 4h | 0.2090 | −0.086% | $86.9M | $191.2M | 50x | as long as short |
| OKX ENA-USDT-SWAP | +0.0100% | 4h | 0.2091 | −0.053% | $20.2M | $111.8M | 50x | as long as short |
| Ondo Perps ENA-USD.P | +0.0100% | 1h | 0.2091 | −0.033% | $15K | $405K | 5x | as long as short |
| Arcus ENA-USD | +0.0100% | 1h | 0.2094 | +0.115% | $82K | $222K | 10x | as long as short |
| Bulk ENA-USD | +0.0100% | 1h | 0.2098 | +0.299% | $88K | $1K | 10x | as long as short |
| Gate ENA_USDT | +0.0100% | 4h | 0.2093 | +0.072% | $10.4M | $21.3M | 50x | as long as short |
| MEXC ENA_USDT | +0.0100% | 4h | 0.2090 | −0.096% | $45.1M | $46.8M | 200x | as long as short |
| KuCoin ENAUSDTMlong | +0.0100% | 4h | 0.2092 | long leg | $23.9M | $16.5M | 75x | |
| Bitget ENAUSDT | +0.0100% | 4h | 0.2089 | −0.129% | $47.3M | $65.2M | 75x | as long as short |
| BingX ENA-USDC | +0.0100% | 4h | 0.2090 | −0.091% | — | $6.5M | — | as long as short |
| Variational Omni ENA | +0.0100% | 4h | 0.2091 | −0.038% | $3.8M | $10.4M | — | as long as short |
| edgeX ENAUSDC | +0.0100% | 4h | 0.2095 | +0.165% | $249K | $7.8M | 20x | as long as short |
| GRVT ENA_USDT_Perp | +0.0100% | 4h | 0.2093 | +0.059% | $353K | $4.6M | 10x | as long as short |
| ApeX Omni ENAUSDT | +0.0100% | 1h | 0.2095 | +0.163% | $32K | $712K | 50x | as long as short |
| Polymarket Perps ENA-USD | +0.0100% | 1h | 0.2091 | −0.038% | $183K | $2.7M | 10x | as long as short |
| SunX ENA-USDT | +0.0100% | 4h | 0.2041 | −2.443% | $1K | $814K | 20x | as long as short |
| SoDEX ENA-USD | +0.0100% | 1h | 0.2091 | −0.029% | $4K | $14K | 10x | as long as short |
| HTX ENA-USDT | +0.0100% | 4h | 0.2095 | +0.158% | $272K | $1.5M | 50x | as long as short |
| Phemex ENAUSDT | +0.0100% | 4h | 0.2091 | −0.029% | $1.9M | $9.2M | 50x | as long as short |
| Aevo ENA-PERP | +0.0104% | 1h | 0.2092 | −0.005% | $77K | $11K | 3x | as long as short |
| 01 Exchange ENAUSD | +0.0112% | 1h | 0.2092 | +0.010% | $4K | $432 | 10x | as long as short |
| Phoenix ENA | +0.0115% | 1h | 0.2096 | +0.220% | $5K | $356K | 10x | as long as short |
| GMX ENA/USD [ETH-USDC] | L +0.0231% / S −0.0390% | 1h | 0.2089 | −0.106% | $38K | — | 100x | as long as short |
| Extended ENA-USD | +0.0288% | 1h | 0.2092 | +0.023% | $1.6M | $4.2M | 50x | as long as short |
| BloFin ENA-USDT | +0.0340% | 4h | 0.2094 | +0.129% | $5.5M | $8.0M | 75x | as long as short |
| Reya ENARUSDPERP | +0.0412% | 1h | 0.2090 | −0.072% | $1K | $5K | 15x | as long as short |
| Lighter ENA | +0.0504% | 1h | 0.2097 | +0.239% | $5.6M | $12.9M | 10x | as long as short |
| Hyperliquid ENA | +0.0568% | 1h | 0.2094 | +0.110% | $110.6M | $79.6M | 10x | as long as short |
| Coinbase International ENA-PERP-INTX | +0.0576% | 1h | 0.2096 | +0.210% | $806K | $2.1M | 50x | as long as short |
| dYdX ENA-USD | +0.1912% | 1h | 0.2093 | +0.054% | $138K | $15K | 5x | as long as short |
Pacifica ENA
Binance ENAUSDT
Bybit ENAUSDT
OKX ENA-USDT-SWAP
Ondo Perps ENA-USD.P
Arcus ENA-USD
Bulk ENA-USD
Gate ENA_USDT
MEXC ENA_USDT
Bitget ENAUSDT
BingX ENA-USDC
Variational Omni ENA
edgeX ENAUSDC
GRVT ENA_USDT_Perp
ApeX Omni ENAUSDT
Polymarket Perps ENA-USD
SunX ENA-USDT
SoDEX ENA-USD
HTX ENA-USDT
Phemex ENAUSDT
Aevo ENA-PERP
01 Exchange ENAUSD
Phoenix ENA
GMX ENA/USD [ETH-USDC]
Extended ENA-USD
BloFin ENA-USDT
Reya ENARUSDPERP
Lighter ENA
Hyperliquid ENA
Coinbase International ENA-PERP-INTX
dYdX ENA-USD