ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0177%/8h= +19.4% APRnext payment +$0.22 per $10,000 · paid last 24h +0.214%

Price spread now: Coinbase International against Kraken Futures+0.081%7-day average +0.083% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$720.718% of the position

Long on Kraken Futures Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.332%+$33 on $10k

Price spread, last 4 days (all we have)−0.302%−$30 · spread now +0.081%, 7d avg +0.083%

Together, before fees+0.030%+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.083%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ENAUSD	0.2148	0.0439	pay 0.0055% / 1h	44m 27s	$2.7M	$4.3M	50x
Short	Coinbase International ENA-PERP-INTX	0.2149	0.0616	get 0.0077% / 1h	44m 27s	$887K	$1.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Kraken Futures. 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 Kraken FuturesbpFee Coinbase InternationalbpOrdersPrice spread, now +0.081%Rate

Funding earned: $37.13
Price spread: +0.081% → +0.083%: −$0.24
Slippage, 4 orders: −$51.77
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$34.88
Costs to cover: 0.718%
Break-even: 13.6 days

Slippage from Kraken Futures: live order book, 4 min ago; Coinbase International: live order book, 4 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 Kraken Futures live order book, 4 min ago	10.72 bp	18.1 bp −$18	31.0 bp −$310	111.2 bp −$11.1K	doesn't fit
Sell Coinbase International live order book, 4 min ago	10.49 bp	16.4 bp −$16	25.3 bp −$253	doesn't fit	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
Orderly PERP_ENA_USDC	−0.0133%	4h	0.2145	−0.110%	$45K	$26K	10x	as long as short
01 Exchange ENAUSD	−0.0008%	1h	0.2144	−0.175%	$4K	$277	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2146	−0.054%	$67K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2146	−0.066%	$83K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−1.125%	$522	$57K	5.5x	as long as short
dYdX ENA-USD	+0.0040%	1h	0.2143	−0.219%	$142K	$16K	5x	as long as short
Lighter ENA	+0.0096%	1h	0.2145	−0.105%	$5.1M	$13.4M	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2143	−0.212%	$57K	$481K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2142	−0.264%	$567K	$1.8M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2144	−0.147%	$115.6M	$76.6M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ENAUSDT	+0.0100%	4h	0.2145	−0.127%	$1.4M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2144	−0.169%	$405K	$540K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2144	−0.186%	$129.3M	$428.6M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2142	−0.259%	$85.7M	$181.6M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2142	−0.236%	$21.4M	$109.4M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2143	−0.217%	$20K	$322K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2143	−0.212%	$79K	$281K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2148	+0.033%	$94K	$511	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2143	−0.222%	$12.4M	$26.0M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2144	−0.189%	$48.4M	$42.2M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2144	−0.170%	$24.8M	$15.8M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2140	−0.333%	$48.7M	$60.2M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2143	−0.217%	—	$31.6M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2139	−0.400%	$3.1M	$10.2M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2141	−0.291%	$256K	$7.1M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2141	−0.296%	$358K	$5.1M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2142	−0.259%	$19K	$649K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2143	−0.222%	$188K	$2.6M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2090	−2.680%	$1K	$898K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2146	−0.073%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2148	+0.020%	$269K	$824K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2147	−0.026%	$1.8M	$8.9M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2143	−0.214%	$48K	$110	10x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2143	−0.211%	$1.6M	$4.3M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2146	−0.088%	$75K	$4K	3x	as long as short
Phoenix ENA	+0.0110%	1h	0.2142	−0.250%	$8K	$276K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0308% / S −0.0753%	1h	0.2146	−0.069%	$59K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2145	−0.133%	$5.7M	$3.2M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2142	−0.282%	$1K	$5K	15x	as long as short
Kraken Futures PF_ENAUSDlong	+0.0439%	1h	0.2148	long leg	$2.7M	$4.3M	50x
Coinbase International ENA-PERP-INTXshort	+0.0616%	1h	0.2149	+0.081%	$887K	$1.8M	50x
Backpack ENA_USDC_PERP	+0.0637%	1h	0.2149	+0.053%	$393K	$432K	5x	as long as short