Funding you earn now, next payment 22:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h −0.026%
Price spread now: Injective against Polymarket Perps+1.288%51s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.409%+$41 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 1.288% dearer against Polymarket Perps than usual: you sell high and buy low (spread +1.288% now, against zero (this spread has no 7-day history yet)): +$129 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 +0.409%, so the current rate has only just turned against you. The two prices were read 51 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 | Polymarket Perps ENA-USD | 0.2096 | 0.0100 | pay 0.0013% / 1h | 44m 21s | $182K | $3.0M | 10x |
| Short | Injective ENA/USDC PERP | 0.2123 | 0.0033 | get 0.0004% / 1h | 44m 21s | $522 | $57K | 5.5x |
Polymarket Perps ENA-USD
Injective ENA/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Polymarket Perps. 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: +1.288% → 0.000%
- $128.79
- Slippage, 4 orders
- no order book: not counted
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $106.77
- Costs to cover
- 0.080%
- Break-even
- from the start
Slippage unknown: Polymarket Perps: live order book, 5 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 Polymarket Perps live order book, 5 min ago | 2.86 bp | 6.9 bp −$7 | 8.8 bp −$88 | 14328.2 bp −$1.43M | 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 | −0.0408% | 1h | 0.2093 | −0.153% | $360K | $487K | 5x | as long as short |
| Orderly PERP_ENA_USDC | −0.0090% | 4h | 0.2092 | −0.200% | $41K | $24K | 10x | as long as short |
| 01 Exchange ENAUSD | −0.0048% | 1h | 0.2094 | −0.129% | $4K | $432 | 10x | as long as short |
| Gate ENA_USDT | −0.0046% | 4h | 0.2093 | −0.176% | $10.3M | $21.5M | 50x | as long as short |
| Deribit ENA_USDC-PERPETUAL | 0.0000% | 1h | 0.2093 | −0.148% | $97K | $1.9M | 50x | as long as short |
| gTrade (Gains Network) ENA/USD | L +0.0003% / S −0.0003% | 1h | 0.2094 | −0.114% | $96K | — | 150x | as long as short |
| Injective ENA/USDC PERPshort | +0.0033% | 1h | 0.2123 | +1.288% | $522 | $57K | 5.5x | |
| Phoenix ENA | +0.0076% | 1h | 0.2096 | −0.014% | $5K | $394K | 10x | as long as short |
| Popdex ENAUSDT | +0.0096% | 1h | 0.2093 | −0.162% | $59K | $542K | 50x | as long as short |
| Paradex ENA-USD-PERP | +0.0100% | 8h | 0.2093 | −0.170% | $47K | $221 | 10x | as long as short |
Backpack ENA_USDC_PERP
Orderly PERP_ENA_USDC
01 Exchange ENAUSD
Gate ENA_USDT
Deribit ENA_USDC-PERPETUAL
gTrade (Gains Network) ENA/USD
Phoenix ENA
Popdex ENAUSDT
Paradex ENA-USD-PERPShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado ENA-PERP | +0.0100% | 1h | 0.2094 | −0.105% | $654K | $1.8M | 10x | as long as short |
| Aster ENAUSDT | +0.0100% | 4h | 0.2094 | −0.116% | $1.5M | $3.3M | 50x | as long as short |
| Pacifica ENA | +0.0100% | 1h | 0.2093 | −0.148% | $402K | $587K | 10x | as long as short |
| Binance ENAUSDT | +0.0100% | 4h | 0.2094 | −0.124% | $129.2M | $470.0M | 75x | as long as short |
| Bybit ENAUSDT | +0.0100% | 4h | 0.2093 | −0.176% | $87.6M | $194.1M | 50x | as long as short |
| OKX ENA-USDT-SWAP | +0.0100% | 4h | 0.2095 | −0.067% | $20.1M | $114.7M | 50x | as long as short |
| Ondo Perps ENA-USD.P | +0.0100% | 1h | 0.2094 | −0.129% | $19K | $444K | 5x | as long as short |
| Arcus ENA-USD | +0.0100% | 1h | 0.2094 | −0.114% | $83K | $221K | 10x | as long as short |
| Bulk ENA-USD | +0.0100% | 1h | 0.2100 | +0.172% | $89K | $2K | 10x | as long as short |
| MEXC ENA_USDT | +0.0100% | 4h | 0.2095 | −0.072% | $44.9M | $48.6M | 200x | as long as short |
| KuCoin ENAUSDTM | +0.0100% | 4h | 0.2095 | −0.072% | $24.2M | $16.6M | 75x | as long as short |
| Bitget ENAUSDT | +0.0100% | 4h | 0.2093 | −0.162% | $47.4M | $66.7M | 75x | as long as short |
| BingX ENA-USDC | +0.0100% | 4h | 0.2094 | −0.129% | — | $6.5M | — | as long as short |
| Variational Omni ENA | +0.0100% | 4h | 0.2094 | −0.112% | $3.6M | $10.2M | — | as long as short |
| edgeX ENAUSDC | +0.0100% | 4h | 0.2095 | −0.085% | $250K | $8.0M | 20x | as long as short |
| GRVT ENA_USDT_Perp | +0.0100% | 4h | 0.2095 | −0.065% | $356K | $4.6M | 10x | as long as short |
| ApeX Omni ENAUSDT | +0.0100% | 1h | 0.2095 | −0.067% | $32K | $711K | 50x | as long as short |
| Polymarket Perps ENA-USDlong | +0.0100% | 1h | 0.2096 | long leg | $182K | $3.0M | 10x | |
| SunX ENA-USDT | +0.0100% | 4h | 0.2043 | −2.562% | $780 | $807K | 20x | as long as short |
| SoDEX ENA-USD | +0.0100% | 1h | 0.2092 | −0.210% | $4K | $14K | 10x | as long as short |
| HTX ENA-USDT | +0.0100% | 4h | 0.2100 | +0.181% | $272K | $1.6M | 50x | as long as short |
| Phemex ENAUSDT | +0.0100% | 4h | 0.2092 | −0.210% | $1.8M | $9.3M | 50x | as long as short |
| Extended ENA-USD | +0.0104% | 1h | 0.2093 | −0.173% | $1.6M | $4.1M | 50x | as long as short |
| Aevo ENA-PERP | +0.0104% | 1h | 0.2093 | −0.158% | $77K | $11K | 3x | as long as short |
| Kraken Futures PF_ENAUSD | +0.0104% | 1h | 0.2094 | −0.091% | $2.7M | $5.8M | 50x | as long as short |
| Lighter ENA | +0.0136% | 1h | 0.2094 | −0.091% | $5.6M | $13.1M | 10x | as long as short |
| GMX ENA/USD [ETH-USDC] | L +0.0211% / S −0.0159% | 1h | 0.2094 | −0.136% | $50K | — | 100x | as long as short |
| Hyperliquid ENA | +0.0253% | 1h | 0.2097 | +0.048% | $111.4M | $80.9M | 10x | as long as short |
| BloFin ENA-USDT | +0.0340% | 4h | 0.2093 | −0.153% | $5.5M | $8.1M | 75x | as long as short |
| Reya ENARUSDPERP | +0.0412% | 1h | 0.2094 | −0.111% | $1K | $5K | 15x | as long as short |
| Coinbase International ENA-PERP-INTX | +0.0536% | 1h | 0.2101 | +0.210% | $802K | $2.2M | 50x | as long as short |
| dYdX ENA-USD | +0.8963% | 1h | 0.2094 | −0.131% | $138K | $12K | 5x | as long as short |
Nado ENA-PERP
Aster ENAUSDT
Pacifica ENA
Binance ENAUSDT
Bybit ENAUSDT
OKX ENA-USDT-SWAP
Ondo Perps ENA-USD.P
Arcus ENA-USD
Bulk ENA-USD
MEXC ENA_USDT
KuCoin ENAUSDTM
Bitget ENAUSDT
BingX ENA-USDC
Variational Omni ENA
edgeX ENAUSDC
GRVT ENA_USDT_Perp
ApeX Omni ENAUSDT
SunX ENA-USDT
SoDEX ENA-USD
HTX ENA-USDT
Phemex ENAUSDT
Extended ENA-USD
Aevo ENA-PERP
Kraken Futures PF_ENAUSD
Lighter ENA
GMX ENA/USD [ETH-USDC]
Hyperliquid ENA
BloFin ENA-USDT
Reya ENARUSDPERP
Coinbase International ENA-PERP-INTX
dYdX ENA-USD