Funding you earn now, next payment 23:00 UTC−0.0519%/8h= −56.8% APRnext payment −$0.65 per $10,000 · paid last 24h −0.161%
Price spread now: Injective against Coinbase International+0.175%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.284%−$28 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 0.175% dearer against Coinbase International than usual: you sell high and buy low (spread +0.175% now, against zero (this spread has no 7-day history yet)): +$17 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 27 hours. At the pace of the last 7 days (−0.284% in total) that is about 4.3 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.284% in total (about -14.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.65 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International ENA-PERP-INTX | 0.2120 | 0.0552 | pay 0.0069% / 1h | 22m 19s | $837K | $2.1M | 50x |
| Short | Injective ENA/USDC PERP | 0.2123 | 0.0033 | get 0.0004% / 1h | 22m 19s | $522 | $57K | 5.5x |
Coinbase International ENA-PERP-INTX
Injective ENA/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Coinbase International. 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
- −$108.92
- Price spread: +0.175% → 0.000%
- $17.46
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$101.48
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Coinbase International: live order book, 1 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 Coinbase International live order book, 1 min ago | 9.43 bp | 18.9 bp −$19 | 23.1 bp −$231 | 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 | −0.0007% | 4h | 0.2120 | +0.024% | $41K | $24K | 10x | as long as short |
| Deribit ENA_USDC-PERPETUAL | 0.0000% | 1h | 0.2121 | +0.071% | $92K | $1.7M | 50x | as long as short |
| gTrade (Gains Network) ENA/USD | L +0.0003% / S −0.0003% | 1h | 0.2121 | +0.075% | $97K | — | 150x | as long as short |
| Backpack ENA_USDC_PERP | +0.0024% | 1h | 0.2119 | −0.009% | $374K | $445K | 5x | as long as short |
| Injective ENA/USDC PERPshort | +0.0033% | 1h | 0.2123 | +0.175% | $522 | $57K | 5.5x | |
| Popdex ENAUSDT | +0.0096% | 1h | 0.2121 | +0.061% | $61K | $523K | 50x | as long as short |
| Nado ENA-PERP | +0.0100% | 1h | 0.2121 | +0.050% | $680K | $1.8M | 10x | as long as short |
| Aster ENAUSDT | +0.0100% | 4h | 0.2121 | +0.069% | $1.5M | $3.3M | 50x | as long as short |
| Pacifica ENA | +0.0100% | 1h | 0.2120 | −0.007% | $410K | $562K | 10x | as long as short |
| Binance ENAUSDT | +0.0100% | 4h | 0.2122 | +0.087% | $131.1M | $452.5M | 75x | as long as short |
Orderly PERP_ENA_USDC
Deribit ENA_USDC-PERPETUAL
gTrade (Gains Network) ENA/USD
Backpack ENA_USDC_PERP
Popdex ENAUSDT
Nado ENA-PERP
Aster ENAUSDT
Pacifica ENA
Binance ENAUSDTShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ENAUSDT | +0.0100% | 4h | 0.2120 | +0.019% | $89.0M | $189.9M | 50x | as long as short |
| OKX ENA-USDT-SWAP | +0.0100% | 4h | 0.2121 | +0.052% | $20.6M | $111.0M | 50x | as long as short |
| Ondo Perps ENA-USD.P | +0.0100% | 1h | 0.2119 | −0.014% | $15K | $404K | 5x | as long as short |
| Arcus ENA-USD | +0.0100% | 1h | 0.2120 | +0.014% | $84K | $222K | 10x | as long as short |
| Bulk ENA-USD | +0.0100% | 1h | 0.2117 | −0.151% | $89K | $500 | 10x | as long as short |
| Gate ENA_USDT | +0.0100% | 4h | 0.2121 | +0.066% | $10.9M | $21.5M | 50x | as long as short |
| MEXC ENA_USDT | +0.0100% | 4h | 0.2119 | −0.019% | $46.5M | $45.6M | 200x | as long as short |
| KuCoin ENAUSDTM | +0.0100% | 4h | 0.2123 | +0.137% | $24.5M | $16.4M | 75x | as long as short |
| Bitget ENAUSDT | +0.0100% | 4h | 0.2119 | −0.033% | $48.0M | $64.0M | 75x | as long as short |
| BingX ENA-USDT | +0.0100% | 4h | 0.2121 | +0.066% | — | $32.6M | — | as long as short |
| Variational Omni ENA | +0.0100% | 4h | 0.2123 | +0.170% | $3.9M | $10.3M | — | as long as short |
| edgeX ENAUSDC | +0.0100% | 4h | 0.2119 | −0.020% | $252K | $7.6M | 20x | as long as short |
| GRVT ENA_USDT_Perp | +0.0100% | 4h | 0.2127 | +0.348% | $355K | $4.6M | 10x | as long as short |
| ApeX Omni ENAUSDT | +0.0100% | 1h | 0.2121 | +0.061% | $34K | $711K | 50x | as long as short |
| Polymarket Perps ENA-USD | +0.0100% | 1h | 0.2122 | +0.094% | $179K | $2.4M | 10x | as long as short |
| SunX ENA-USDT | +0.0100% | 4h | 0.2066 | −2.543% | $1K | $825K | 20x | as long as short |
| SoDEX ENA-USD | +0.0100% | 1h | 0.2119 | −0.033% | $4K | $14K | 10x | as long as short |
| HTX ENA-USDT | +0.0100% | 4h | 0.2118 | −0.075% | $275K | $1.4M | 50x | as long as short |
| Phemex ENAUSDT | +0.0100% | 4h | 0.2119 | −0.033% | $2.0M | $9.2M | 50x | as long as short |
| Paradex ENA-USD-PERP | +0.0100% | 8h | 0.2120 | +0.011% | $47K | $221 | 10x | as long as short |
| Aevo ENA-PERP | +0.0104% | 1h | 0.2121 | +0.055% | $78K | $11K | 3x | as long as short |
| Phoenix ENA | +0.0189% | 1h | 0.2129 | +0.434% | $7K | $347K | 10x | as long as short |
| 01 Exchange ENAUSD | +0.0192% | 1h | 0.2123 | +0.142% | $4K | $302 | 10x | as long as short |
| Extended ENA-USD | +0.0208% | 1h | 0.2120 | +0.019% | $1.6M | $4.2M | 50x | as long as short |
| Kraken Futures PF_ENAUSD | +0.0241% | 1h | 0.2120 | +0.034% | $2.7M | $5.4M | 50x | as long as short |
| GMX ENA/USD [ETH-USDC] | L +0.0250% / S −0.0434% | 1h | 0.2121 | +0.062% | $38K | — | 100x | as long as short |
| BloFin ENA-USDT | +0.0340% | 4h | 0.2117 | −0.151% | $5.6M | $5.9M | 75x | as long as short |
| Reya ENARUSDPERP | +0.0412% | 1h | 0.2120 | +0.037% | $1K | $5K | 15x | as long as short |
| Lighter ENA | +0.0520% | 1h | 0.2122 | +0.094% | $5.6M | $12.9M | 10x | as long as short |
| Coinbase International ENA-PERP-INTXlong | +0.0552% | 1h | 0.2120 | long leg | $837K | $2.1M | 50x | |
| Hyperliquid ENA | +0.0765% | 1h | 0.2125 | +0.241% | $114.4M | $78.3M | 10x | as long as short |
| dYdX ENA-USD | +0.1640% | 1h | 0.2119 | −0.048% | $140K | $15K | 5x | as long as short |
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-USDT
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
Phemex ENAUSDT
Paradex ENA-USD-PERP
Aevo ENA-PERP
Phoenix ENA
01 Exchange ENAUSD
Extended ENA-USD
Kraken Futures PF_ENAUSD
GMX ENA/USD [ETH-USDC]
BloFin ENA-USDT
Reya ENARUSDPERP
Lighter ENA
Hyperliquid ENA
dYdX ENA-USD