ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0547%/8h= −59.9% APRnext payment −$0.68 per $10,000 · paid last 24h −0.144%

Price spread now: Kraken Futures against Reya−0.024%48s7-day average — · you buy dearer than you sell

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

Long on Reya Short on Kraken Futures

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—+ Points / potential airdropReya: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Kraken Futures is 0.024% cheaper against Reya than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 48 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	Reya ENARUSDPERP	0.2063	0.0411	pay 0.0051% / 1h	28m 28s	$1K	—	15x
Short	Kraken Futures PF_ENAUSD	0.2062	−0.0136	pay 0.0017% / 1h	28m 28s	$2.5M	$3.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Reya. 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 ReyabpFee Kraken FuturesbpOrdersPrice spread, now −0.024%Rate

Funding earned: −$114.87
Price spread: −0.024% → 0.000%: −$2.37
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$133.25
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Kraken Futures: live order book, 3 min ago. 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 Reya no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 3 min ago	11.62 bp	25.8 bp −$26	34.4 bp −$344	191.3 bp −$19.1K	doesn't fit

Reya: 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 exchanges

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
01 Exchange ENAUSD	−0.0368%	1h	0.2064	+0.079%	$4K	$60	10x	as long as short
Orderly PERP_ENA_USDC	−0.0176%	4h	0.2061	−0.056%	$43K	$13K	10x	as long as short
Kraken Futures PF_ENAUSDshort	−0.0136%	1h	0.2062	−0.024%	$2.5M	$3.1M	50x
Bitget ENAUSDT	−0.0026%	4h	0.2062	−0.008%	$46.6M	$56.1M	75x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2063	+0.026%	$67K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2064	+0.082%	$80K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2122	+2.872%	$734	$57K	5.5x	as long as short
Lighter ENA	+0.0096%	1h	0.2064	+0.041%	$5.0M	$12.9M	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2063	+0.016%	$52K	$392K	50x	as long as short
Paradex ENA-USD-PERP	+0.0099%	8h	0.2063	+0.040%	$46K	—	10x	as long as short

Show all 42 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado ENA-PERP	+0.0100%	1h	0.2063	+0.005%	$531K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2064	+0.060%	$110.7M	$77.9M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2064	+0.047%	$1.3M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2064	+0.045%	$375K	$502K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2064	+0.041%	$123.2M	$405.6M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2064	+0.070%	$82.9M	$185.3M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2063	+0.031%	$20.5M	$97.1M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2061	−0.061%	$32K	$317K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2064	+0.065%	$76K	$227K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2082	+0.913%	$102K	$11K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2063	+0.021%	$13.8M	$27.2M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2064	+0.055%	$42.1M	$41.8M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2062	−0.032%	$24.5M	$14.8M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2064	+0.065%	—	$29.6M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2061	−0.076%	$399K	$472K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2064	+0.044%	$2.8M	$7.7M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2064	+0.044%	$239K	$6.8M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2064	+0.066%	$350K	$4.2M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2064	+0.065%	$22K	$648K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2064	+0.060%	$126K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2012	−2.437%	$1K	$926K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2061	−0.081%	$6K	$5K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2069	+0.307%	$266K	$774K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2062	−0.032%	$1.8M	$9.0M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2062	−0.038%	$1.6M	$4.7M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2061	−0.081%	$72K	$4K	3x	as long as short
Phoenix ENA	+0.0113%	1h	0.2065	+0.128%	$13K	$278K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0303% / S −0.0754%	1h	0.2063	+0.014%	$57K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2062	−0.042%	$5.5M	$3.3M	75x	as long as short
Reya ENARUSDPERPlong	+0.0411%	1h	0.2063	long leg	$1K	—	15x
Coinbase International ENA-PERP-INTX	+0.0480%	1h	0.2067	+0.191%	$757K	$1.8M	50x	as long as short
dYdX ENA-USD	+0.1334%	1h	0.2063	+0.017%	$136K	$15K	5x	as long as short