Funding you earn now, next payment 04:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.016%
Price spread now: Injective against Phemex+1.452%65s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.173%+$17 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 1.452% dearer against Phemex than usual: you sell high and buy low (spread +1.452% now, against zero (this spread has no 7-day history yet)): +$145 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2 months. Mind the row above: over the last 7 days funding on this pair paid +0.173%, so the current rate has only just turned against you. The two prices were read 65 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 | Phemex ENAUSDT | 0.2093 | 0.0100 | pay 0.0050% / 4h | 49m 56s | $1.8M | $8.8M | 50x |
| Short | Injective ENA/USDC PERP | 0.2123 | 0.0033 | get 0.0004% / 1h | 49m 56s | $522 | $57K | 5.5x |
Phemex ENAUSDT
Injective ENA/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Phemex. 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: +1.452% → 0.000%
- $145.25
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $119.23
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Phemex: live order book, 4 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 Phemex live order book, 4 min ago | 4.75 bp | 18.5 bp −$18 | 67.1 bp −$671 | 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 | −0.0270% | 1h | 0.2092 | −0.072% | $365K | $390K | 5x | as long as short |
| 01 Exchange ENAUSD | −0.0096% | 1h | 0.2091 | −0.115% | $4K | $302 | 10x | as long as short |
| Orderly PERP_ENA_USDC | −0.0056% | 4h | 0.2092 | −0.043% | $43K | $25K | 10x | as long as short |
| Deribit ENA_USDC-PERPETUAL | 0.0000% | 1h | 0.2093 | 0.000% | $78K | $1.2M | 50x | as long as short |
| gTrade (Gains Network) ENA/USD | L +0.0004% / S −0.0004% | 1h | 0.2092 | −0.031% | $81K | — | 150x | as long as short |
| Injective ENA/USDC PERPshort | +0.0033% | 1h | 0.2123 | +1.452% | $522 | $57K | 5.5x | |
| dYdX ENA-USD | +0.0068% | 1h | 0.2092 | −0.024% | $138K | $15K | 5x | as long as short |
| Phoenix ENA | +0.0076% | 1h | 0.2108 | +0.726% | $8K | $266K | 10x | as long as short |
| Lighter ENA | +0.0096% | 1h | 0.2094 | +0.067% | $5.2M | $13.3M | 10x | as long as short |
| Popdex ENAUSDT | +0.0096% | 1h | 0.2091 | −0.096% | $55K | $501K | 50x | as long as short |
Backpack ENA_USDC_PERP
01 Exchange ENAUSD
Orderly PERP_ENA_USDC
Deribit ENA_USDC-PERPETUAL
gTrade (Gains Network) ENA/USD
dYdX ENA-USD
Phoenix ENA
Lighter ENA
Popdex ENAUSDTShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex ENA-USD-PERP | +0.0100% | 8h | 0.2094 | +0.064% | $47K | $110 | 10x | as long as short |
| Nado ENA-PERP | +0.0100% | 1h | 0.2090 | −0.140% | $656K | $1.7M | 10x | as long as short |
| Hyperliquid ENA | +0.0100% | 1h | 0.2093 | −0.019% | $111.7M | $72.6M | 10x | as long as short |
| Aster ENAUSDT | +0.0100% | 4h | 0.2092 | −0.029% | $1.5M | $2.9M | 50x | as long as short |
| Pacifica ENA | +0.0100% | 1h | 0.2094 | +0.025% | $408K | $499K | 10x | as long as short |
| Binance ENAUSDT | +0.0100% | 4h | 0.2091 | −0.096% | $127.8M | $415.4M | 75x | as long as short |
| Bybit ENAUSDT | +0.0100% | 4h | 0.2090 | −0.134% | $84.9M | $176.4M | 50x | as long as short |
| OKX ENA-USDT-SWAP | +0.0100% | 4h | 0.2091 | −0.115% | $20.6M | $101.7M | 50x | as long as short |
| Ondo Perps ENA-USD.P | +0.0100% | 1h | 0.2106 | +0.621% | $19K | $323K | 5x | as long as short |
| Arcus ENA-USD | +0.0100% | 1h | 0.2092 | −0.048% | $77K | $275K | 10x | as long as short |
| Bulk ENA-USD | +0.0100% | 1h | 0.2107 | +0.669% | $92K | $4K | 10x | as long as short |
| Gate ENA_USDT | +0.0100% | 4h | 0.2090 | −0.143% | $11.0M | $21.6M | 50x | as long as short |
| MEXC ENA_USDT | +0.0100% | 4h | 0.2090 | −0.134% | $45.1M | $41.0M | 200x | as long as short |
| KuCoin ENAUSDTM | +0.0100% | 4h | 0.2092 | −0.072% | $24.4M | $15.6M | 75x | as long as short |
| Bitget ENAUSDT | +0.0100% | 4h | 0.2088 | −0.234% | $47.5M | $57.3M | 75x | as long as short |
| BingX ENA-USDC | +0.0100% | 4h | 0.2091 | −0.096% | — | $6.5M | — | as long as short |
| Variational Omni ENA | +0.0100% | 4h | 0.2097 | +0.181% | $3.1M | $10.1M | — | as long as short |
| edgeX ENAUSDC | +0.0100% | 4h | 0.2105 | +0.559% | $242K | $7.0M | 20x | as long as short |
| GRVT ENA_USDT_Perp | +0.0100% | 4h | 0.2104 | +0.546% | $353K | $4.9M | 10x | as long as short |
| ApeX Omni ENAUSDT | +0.0100% | 1h | 0.2104 | +0.526% | $20K | $649K | 50x | as long as short |
| Polymarket Perps ENA-USD | +0.0100% | 1h | 0.2092 | −0.062% | $181K | $2.3M | 10x | as long as short |
| SunX ENA-USDT | +0.0100% | 4h | 0.2041 | −2.484% | $1K | $841K | 20x | as long as short |
| SoDEX ENA-USD | +0.0100% | 1h | 0.2092 | −0.048% | $4K | $7K | 10x | as long as short |
| HTX ENA-USDT | +0.0100% | 4h | 0.2094 | +0.057% | $271K | $797K | 50x | as long as short |
| Phemex ENAUSDTlong | +0.0100% | 4h | 0.2093 | long leg | $1.8M | $8.8M | 50x | |
| Extended ENA-USD | +0.0104% | 1h | 0.2089 | −0.184% | $1.6M | $4.1M | 50x | as long as short |
| Aevo ENA-PERP | +0.0104% | 1h | 0.2092 | −0.033% | $73K | $4K | 3x | as long as short |
| Kraken Futures PF_ENAUSD | +0.0245% | 1h | 0.2094 | +0.029% | $2.6M | $4.2M | 50x | as long as short |
| GMX ENA/USD [ETH-USDC] | L +0.0253% / S −0.0213% | 1h | 0.2092 | −0.030% | $51K | — | 100x | as long as short |
| BloFin ENA-USDT | +0.0340% | 4h | 0.2098 | +0.225% | $5.6M | $3.0M | 75x | as long as short |
| Reya ENARUSDPERP | +0.0412% | 1h | 0.2091 | −0.114% | $1K | $5K | 15x | as long as short |
| Coinbase International ENA-PERP-INTX | +0.0632% | 1h | 0.2096 | +0.148% | $854K | $1.5M | 50x | as long as short |
Paradex ENA-USD-PERP
Nado ENA-PERP
Hyperliquid ENA
Aster ENAUSDT
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
KuCoin ENAUSDTM
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
Extended ENA-USD
Aevo ENA-PERP
Kraken Futures PF_ENAUSD
GMX ENA/USD [ETH-USDC]
BloFin ENA-USDT
Reya ENARUSDPERP
Coinbase International ENA-PERP-INTX