ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h −0.023%

Price spread now: Injective against Bulk+0.160%7-day average — · you sell dearer than you buy

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

Long on Bulk 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

The price spread pays, funding is against you. Injective is 0.160% dearer against Bulk than usual: you sell high and buy low (spread +0.160% now, against zero (this spread has no 7-day history yet)): +$16 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 8.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk ENA-USD	0.2120	0.0100	pay 0.0013% / 1h	12m 05s	$93K	$4K	10x
Short	Injective ENA/USDC PERP	0.2123	0.0033	get 0.0004% / 1h	12m 05s	$522	$57K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Bulk. 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 BulkbpFee InjectivebpOrdersPrice spread, now +0.160%Rate

Funding earned: −$14
Price spread: +0.160% → 0.000%: $16.04
Slippage, 4 orders: no order book: not counted
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$4.98
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Bulk: no order-book sample; 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 Bulk no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

Bulk and 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	−0.0032%	4h	0.2108	−0.566%	$44K	$26K	10x	as long as short
01 Exchange ENAUSD	0.0000%	1h	0.2111	−0.410%	$4K	$302	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2110	−0.491%	$79K	$1.3M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2110	−0.450%	$82K	—	150x	as long as short
Injective ENA/USDC PERPshort	+0.0033%	1h	0.2123	+0.160%	$522	$57K	5.5x
Popdex ENAUSDT	+0.0096%	1h	0.2111	−0.425%	$55K	$498K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2112	−0.399%	$663K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2110	−0.462%	$113.7M	$71.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2111	−0.404%	$1.5M	$3.0M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2114	−0.262%	$413K	$506K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ENAUSDT	+0.0100%	4h	0.2107	−0.594%	$129.1M	$418.1M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2108	−0.580%	$86.2M	$175.0M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2109	−0.533%	$20.7M	$102.2M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2125	+0.217%	$19K	$351K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2113	−0.330%	$78K	$275K	10x	as long as short
Bulk ENA-USDlong	+0.0100%	1h	0.2120	long leg	$93K	$4K	10x
Gate ENA_USDT	+0.0100%	4h	0.2109	−0.542%	$11.1M	$21.6M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2107	−0.594%	$45.8M	$42.2M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2109	−0.495%	$24.6M	$15.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2107	−0.618%	$48.0M	$57.5M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2108	−0.566%	—	$32.2M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2109	−0.505%	$374K	$362K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2124	+0.172%	$3.4M	$9.9M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2125	+0.255%	$245K	$7.1M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2125	+0.255%	$358K	$4.9M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2126	+0.283%	$22K	$652K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2111	−0.406%	$193K	$2.3M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2059	−2.896%	$1K	$840K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2109	−0.519%	$3K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2114	−0.292%	$276K	$780K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2109	−0.519%	$1.8M	$8.8M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2112	−0.372%	$47K	$110	10x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2109	−0.538%	$1.6M	$4.1M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2108	−0.556%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0150%	1h	0.2119	−0.057%	$8K	$298K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0253% / S −0.0213%	1h	0.2111	−0.439%	$51K	—	100x	as long as short
Kraken Futures PF_ENAUSD	+0.0285%	1h	0.2111	−0.432%	$2.7M	$4.3M	50x	as long as short
Lighter ENA	+0.0312%	1h	0.2110	−0.491%	$5.3M	$13.9M	10x	as long as short
dYdX ENA-USD	+0.0314%	1h	0.2114	−0.278%	$140K	$15K	5x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2118	−0.085%	$5.6M	$3.1M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2110	−0.468%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0664%	1h	0.2116	−0.208%	$833K	$1.5M	50x	as long as short