ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0063%/8h= −6.9% APRnext payment −$0.08 per $10,000 · paid last 24h −0.022%

Price spread now: Injective against Popdex−1.375%46s7-day average — · you buy dearer than you sell

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

Long on Popdex Short on Injective

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—needs both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 1.375% cheaper against Popdex than usual: you would sell low and buy high (−$137 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 46 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	Popdex ENAUSDT	0.2153	0.0096	pay 0.0012% / 1h	20m 41s	$59K	$468K	50x
Short	Injective ENA/USDC PERP	0.2123	0.0033	get 0.0004% / 1h	20m 41s	$522	$57K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Popdex. 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 PopdexbpFee InjectivebpOrdersPrice spread, now −1.375%Rate

Funding earned: −$13.16
Price spread: −1.375% → 0.000%: −$137.48
Slippage, 4 orders: no order book: not counted
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$157.06
Costs to cover: 0.064%
Break-even: never at this rate

Slippage unknown: Popdex: live order book, 28 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 Popdex live order book, 28 min ago	1.66 bp	11.3 bp −$11	67.0 bp −$670	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
Orderly PERP_ENA_USDC	−0.0139%	4h	0.2141	−0.571%	$44K	$26K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2142	−0.529%	$69K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2140	−0.598%	$83K	—	150x	as long as short
Injective ENA/USDC PERPshort	+0.0033%	1h	0.2123	−1.375%	$522	$57K	5.5x
01 Exchange ENAUSD	+0.0048%	1h	0.2153	+0.019%	$4K	$277	10x	as long as short
Gate ENA_USDT	+0.0082%	4h	0.2152	−0.060%	$11.3M	$24.1M	50x	as long as short
Popdex ENAUSDTlong	+0.0096%	1h	0.2153	long leg	$59K	$468K	50x
Paradex ENA-USD-PERP	+0.0100%	8h	0.2152	−0.059%	$48K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2144	−0.420%	$664K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2150	−0.144%	$116.7M	$74.8M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ENAUSDT	+0.0100%	4h	0.2154	+0.027%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2151	−0.082%	$404K	$525K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2152	−0.037%	$130.5M	$420.4M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2152	−0.023%	$86.8M	$176.3M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2152	−0.028%	$21.5M	$106.6M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2149	−0.181%	$21K	$328K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2153	0.000%	$80K	$278K	10x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2153	−0.009%	$47.1M	$41.4M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2150	−0.158%	$25.1M	$15.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2152	−0.051%	$49.0M	$58.2M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2153	−0.009%	—	$31.2M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2139	−0.628%	$3.1M	$10.0M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2121	−1.468%	$243K	$6.9M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2126	−1.254%	$356K	$5.0M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2127	−1.208%	$19K	$651K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2146	−0.344%	$190K	$2.5M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2088	−3.024%	$1K	$876K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2141	−0.557%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2147	−0.297%	$270K	$795K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2141	−0.557%	$1.8M	$8.9M	50x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2132	−0.999%	$94K	−$0	10x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2152	−0.035%	$1.6M	$4.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2141	−0.562%	$75K	$4K	3x	as long as short
Phoenix ENA	+0.0153%	1h	0.2103	−2.308%	$8K	$278K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0161%	1h	0.2141	−0.559%	$2.6M	$4.3M	50x	as long as short
Lighter ENA	+0.0256%	1h	0.2151	−0.093%	$5.3M	$13.1M	10x	as long as short
dYdX ENA-USD	+0.0265%	1h	0.2151	−0.116%	$142K	$16K	5x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0308% / S −0.0753%	1h	0.2140	−0.598%	$59K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2141	−0.562%	$5.5M	$3.1M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2143	−0.467%	$1K	$5K	15x	as long as short
Backpack ENA_USDC_PERP	+0.0616%	1h	0.2141	−0.543%	$360K	$401K	5x	as long as short
Coinbase International ENA-PERP-INTX	+0.0704%	1h	0.2144	−0.404%	$878K	$1.7M	50x	as long as short