ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0063%/8h= +6.9% APRnext payment +$0.08 per $10,000 · paid last 24h +0.025%

Price spread now: Popdex against Injective+1.300%46s7-day average — · you sell dearer than you buy

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

Long on Injective Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 3 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 for this trade now. Funding pays +$2 a day on $10k at the current rate, and Popdex is 1.300% dearer against Injective than usual: you sell high and buy low: +$130 more if the spread goes back to zero (this spread has no 7-day history yet). 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	Injective ENA/USDC PERP	0.2123	0.0033	pay 0.0004% / 1h	26m 20s	$522	$57K	5.5x
Short	Popdex ENAUSDT	0.2151	0.0096	get 0.0012% / 1h	26m 20s	$63K	$519K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex against Injective. 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 InjectivebpFee PopdexbpOrdersPrice spread, now +1.300%Rate

Funding earned: $13.16
Price spread: +1.300% → 0.000%: $129.98
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: $136.72
Costs to cover: 0.064%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Popdex: live order book, 48 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 Injective no order-book sample	—	—	—	—	—
Sell Popdex live order book, 48 min ago	4.94 bp	14.8 bp −$15	96.0 bp −$960	doesn't fit	doesn't fit

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
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2144	+0.984%	$80K	$1.7M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2156	+1.515%	$98K	—	150x	as long as short
dYdX ENA-USD	+0.0024%	1h	0.2149	+1.221%	$142K	$15K	5x	as long as short
Injective ENA/USDC PERPlong	+0.0033%	1h	0.2123	long leg	$522	$57K	5.5x
Orderly PERP_ENA_USDC	+0.0033%	4h	0.2155	+1.488%	$42K	$23K	10x	as long as short
Backpack ENA_USDC_PERP	+0.0070%	1h	0.2147	+1.135%	$382K	$416K	5x	as long as short
Popdex ENAUSDTshort	+0.0096%	1h	0.2151	+1.300%	$63K	$519K	50x
Nado ENA-PERP	+0.0100%	1h	0.2152	+1.337%	$714K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2153	+1.407%	$1.6M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2150	+1.259%	$422K	$549K	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	0.2155	+1.511%	$133.8M	$444.4M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2156	+1.521%	$89.0M	$187.7M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2156	+1.545%	$21.2M	$111.1M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2147	+1.093%	$15K	$410K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2152	+1.347%	$107K	$242K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2143	+0.923%	$90K	−$0	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2156	+1.521%	$11.0M	$21.0M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2155	+1.512%	$46.3M	$44.5M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2153	+1.413%	$24.8M	$16.5M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2155	+1.483%	$48.9M	$61.6M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2155	+1.512%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2155	+1.488%	$3.9M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2136	+0.581%	$250K	$7.5M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2124	+0.012%	$357K	$4.7M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2140	+0.782%	$33K	$688K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2154	+1.418%	$187K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2095	−1.323%	$1K	$829K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2146	+1.064%	$4K	$10K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2152	+1.352%	$279K	$1.2M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2145	+1.017%	$2.0M	$9.4M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2151	+1.280%	$48K	$221	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2156	+1.550%	$75K	$4K	3x	as long as short
Phoenix ENA	+0.0150%	1h	0.2144	+0.947%	$7K	$347K	10x	as long as short
01 Exchange ENAUSD	+0.0216%	1h	0.2152	+1.366%	$4K	$302	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0233%	1h	0.2147	+1.115%	$2.7M	$5.1M	50x	as long as short
Extended ENA-USD	+0.0272%	1h	0.2151	+1.278%	$1.6M	$4.3M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0333% / S −0.0430%	1h	0.2155	+1.493%	$81K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2146	+1.078%	$5.6M	$2.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2153	+1.402%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0608%	1h	0.2143	+0.942%	$848K	$1.8M	50x	as long as short
Lighter ENA	+0.0736%	1h	0.2152	+1.366%	$5.7M	$12.6M	10x	as long as short
Hyperliquid ENA	+0.0752%	1h	0.2155	+1.498%	$116.2M	$75.5M	10x	as long as short