ENA

Alert

Funding spread now, next payment 17:00 UTC+0.0288%/8h

next payment, per $10,000+$0.36paid, last 24h−0.006%paid, last 7 days−0.064%to open and close $10k−$60

Long on Kraken Futures Short on Backpack

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.064% in total (about -3.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.36 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	Kraken Futures PF_ENAUSD	0.2121	−0.0842	get 0.0105% / 1h	13m 24s	$2.5M	$9.9M	50x
Short	Backpack ENA_USDC_PERP	0.2122	−0.0555	pay 0.0069% / 1h	13m 24s	$359K	$662K	5x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee BackpackbpOrdersRate

Funding earned: $60.41
Slippage, 4 orders: −$39.64
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: $0.77
Break-even: 6.9 days

Slippage from Kraken Futures: live order book, 2 min ago; Backpack: live order book, 17 min ago.

Price risk

price view

Price gap now: +0.041%
Avg gap 7d: −0.038%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Kraken Futures live order book, 2 min ago	7.55 bp	21.4 bp −$21	27.9 bp −$279	84.6 bp −$8,459	doesn't fit
Sell Backpack live order book, 17 min ago	1.17 bp	7.4 bp −$7	41.8 bp −$418	doesn't fit	doesn't fit

ENA on 41 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kraken Futures PF_ENAUSDlong	−0.0842%	1h	$2.5M	$9.9M	50x
Backpack ENA_USDC_PERPshort	−0.0555%	1h	$359K	$662K	5x
Orderly PERP_ENA_USDC	−0.0184%	4h	$42K	$40K	10x	as long as short
01 Exchange ENAUSD	−0.0120%	1h	$4K	$572	10x	as long as short
Bitget ENAUSDT	−0.0074%	4h	$48.4M	$78.5M	75x	as long as short
Bybit ENAUSDT	−0.0057%	4h	$90.4M	$223.8M	50x	as long as short
Phoenix ENA	0.0000%	1h	$5K	$477K	10x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	$99K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	$535	$1K	5.5x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0057% / S −0.0006%	1h	$18K	—	100x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Gate ENA_USDT	+0.0078%	4h	$10.6M	$28.7M	50x	as long as short
Deribit ENA_USDC-PERPETUAL	+0.0080%	1h	$95K	$2.5M	50x	as long as short
Popdex ENAUSDT	+0.0096%	1h	$55K	$608K	50x	as long as short
Paradex ENA-USD-PERP	+0.0099%	8h	$47K	$896	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	$674K	$2.1M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	$109.5M	$95.2M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	$1.5M	$3.2M	50x	as long as short
Pacifica ENA	+0.0100%	1h	$410K	$712K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	$133.1M	$542.7M	75x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	$20.5M	$150.7M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	$23K	$518K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	$85K	$307K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	$89K	−$0	10x	as long as short
MEXC ENA_USDT	+0.0100%	4h	$46.7M	$66.5M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	$22.5M	$18.1M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	$4.2M	$9.4M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	$263K	$9.6M	20x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	$34K	$704K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	$188K	$3.9M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	$1K	$776K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	$4K	$16K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	$274K	$2.2M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	$1.7M	$9.3M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	$1.6M	$4.1M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	$78K	$11K	3x	as long as short
Lighter ENA	+0.0248%	1h	$5.9M	$17.2M	10x	as long as short
BloFin ENA-USDT	+0.0340%	4h	$4.9M	$9.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0552%	1h	$839K	$3.0M	50x	as long as short
dYdX ENA-USD	+0.8267%	1h	$140K	$12K	5x	as long as short