ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0227%/8h= +24.9% APRnext payment +$0.28 per $10,000 · paid last 24h −0.742%

Price spread now: Kraken Futures against dYdX+0.345%7-day average +0.098% · you sell dearer than you buy

Net, funding: paid 7d − costs−$233as in the Funding arb table

Net, price: spread back to 7d avg − costs−$118as in the Price arb table

costs, in and out, $10k−$1421.425% of the position

Long on dYdX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.901%−$90 on $10k

Price spread, last 3 days (all we have)−0.067%−$7 · spread now +0.345%, 7d avg +0.098%

Together, before fees−0.967%−$97 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Kraken Futures is 0.247% dearer against dYdX than usual: you sell high and buy low: +$25 more if the spread goes back to its 7-day average of +0.098%. Mind the row above: over the last 7 days funding on this pair cost −0.901%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ENA-USD	0.2105	0.0025	pay 0.0003% / 1h	39m 08s	$139K	$15K	5x
Short	Kraken Futures PF_ENAUSD	0.2112	0.0253	get 0.0032% / 1h	39m 08s	$2.7M	$4.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against dYdX. 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 dYdXbpFee Kraken FuturesbpOrdersPrice spread, now +0.345%Rate

Funding earned: $47.71
Price spread: +0.345% → +0.098%: $24.68
Slippage, 4 orders: −$122.45
Fee dYdX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$70.06
Costs to cover: 1.425%
Break-even: 17.3 days

Slippage from dYdX: live order book, 30 min ago; Kraken Futures: live order book, 5 min ago.

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 dYdX live order book, 30 min ago	39.28 bp	44.3 bp −$44	294.9 bp −$2,949	882.2 bp −$88.2K	1645.9 bp −$823.0K
Sell Kraken Futures live order book, 5 min ago	16.58 bp	22.8 bp −$23	29.0 bp −$290	112.8 bp −$11.3K	doesn't fit

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
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2109	+0.197%	$106K	—	150x	as long as short
dYdX ENA-USDlong	+0.0025%	1h	0.2105	long leg	$139K	$15K	5x
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.889%	$522	$57K	5.5x	as long as short
Deribit ENA_USDC-PERPETUAL	+0.0034%	1h	0.2110	+0.253%	$79K	$1.6M	50x	as long as short
Orderly PERP_ENA_USDC	+0.0037%	4h	0.2108	+0.148%	$44K	$28K	10x	as long as short
01 Exchange ENAUSD	+0.0048%	1h	0.2105	−0.004%	$4K	$302	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2104	−0.033%	$53K	$526K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2107	+0.118%	$674K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2108	+0.181%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2105	+0.039%	$412K	$548K	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	0.2109	+0.224%	$130.8M	$446.4M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2110	+0.253%	$86.3M	$188.2M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2110	+0.248%	$21.0M	$108.6M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2097	−0.365%	$16K	$405K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2105	+0.015%	$114K	$259K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2109	+0.205%	$10.9M	$21.2M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2109	+0.205%	$45.0M	$44.0M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2110	+0.262%	$24.3M	$16.4M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2108	+0.172%	$48.0M	$61.6M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2109	+0.224%	—	$6.5M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2111	+0.291%	$365K	$385K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2102	−0.107%	$3.8M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2111	+0.323%	$242K	$7.5M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2104	−0.048%	$356K	$4.8M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2111	+0.300%	$32K	$691K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2108	+0.153%	$178K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2059	−2.190%	$1K	$848K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2110	+0.253%	$3K	$10K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2117	+0.566%	$274K	$1.0M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2109	+0.205%	$1.9M	$9.3M	50x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2117	+0.574%	$93K	$4K	10x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2105	+0.013%	$47K	$110	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2109	+0.186%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0188%	1h	0.2105	−0.004%	$7K	$351K	10x	as long as short
Lighter ENA	+0.0240%	1h	0.2113	+0.376%	$5.5M	$13.6M	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0250% / S −0.0206%	1h	0.2108	+0.179%	$50K	—	100x	as long as short
Kraken Futures PF_ENAUSDshort	+0.0253%	1h	0.2112	+0.345%	$2.7M	$4.9M	50x
Extended ENA-USD	+0.0280%	1h	0.2109	+0.203%	$1.6M	$4.2M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2132	+1.317%	$5.7M	$2.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2108	+0.144%	$1K	$5K	15x	as long as short
Hyperliquid ENA	+0.0450%	1h	0.2113	+0.395%	$113.8M	$72.6M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0648%	1h	0.2111	+0.291%	$827K	$1.7M	50x	as long as short