ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0033%/8h= −3.6% APRnext payment −$0.04 per $10,000 · paid last 24h +0.034%

Price spread now: Injective against Kraken Futures+1.580%57s7-day average — · you sell dearer than you buy

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

Long on Kraken Futures Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.046%+$5 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 1.580% dearer against Kraken Futures than usual: you sell high and buy low (spread +1.580% now, against zero (this spread has no 7-day history yet)): +$158 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5 months. The two prices were read 57 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	Kraken Futures PF_ENAUSD	0.2090	0.0066	pay 0.0008% / 1h	45m 27s	$2.6M	$5.6M	50x
Short	Injective ENA/USDC PERP	0.2123	0.0033	get 0.0004% / 1h	45m 27s	$522	$57K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +1.580%Rate

Funding earned: −$6.95
Price spread: +1.580% → 0.000%: $157.96
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $140.99
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Kraken Futures: live order book, 3 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 Kraken Futures live order book, 3 min ago	8.61 bp	16.3 bp −$16	23.1 bp −$231	95.6 bp −$9,557	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	−0.0071%	4h	0.2095	+0.235%	$40K	$24K	10x	as long as short
Backpack ENA_USDC_PERP	−0.0068%	1h	0.2091	+0.030%	$361K	$482K	5x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2097	+0.297%	$93K	$1.8M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2096	+0.272%	$96K	—	150x	as long as short
Injective ENA/USDC PERPshort	+0.0033%	1h	0.2123	+1.580%	$522	$57K	5.5x
Kraken Futures PF_ENAUSDlong	+0.0066%	1h	0.2090	long leg	$2.6M	$5.6M	50x
01 Exchange ENAUSD	+0.0088%	1h	0.2095	+0.231%	$4K	$432	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2095	+0.221%	$59K	$539K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2091	+0.041%	$47K	$221	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2094	+0.187%	$657K	$1.8M	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	0.2096	+0.269%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2093	+0.102%	$405K	$582K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2096	+0.259%	$129.1M	$461.6M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2095	+0.240%	$87.1M	$192.5M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2096	+0.283%	$20.3M	$112.8M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2089	−0.080%	$21K	$413K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2095	+0.221%	$82K	$223K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2090	−0.015%	$88K	$1K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2096	+0.254%	$10.4M	$21.2M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2096	+0.269%	$45.0M	$46.7M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2096	+0.283%	$23.9M	$16.7M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2094	+0.192%	$47.4M	$65.4M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2096	+0.283%	—	$32.9M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2089	−0.068%	$3.8M	$10.4M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2090	−0.024%	$248K	$7.8M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2088	−0.114%	$353K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2089	−0.066%	$32K	$712K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2097	+0.302%	$188K	$2.8M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2045	−2.161%	$1K	$814K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2090	−0.018%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2101	+0.508%	$274K	$1.5M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2089	−0.066%	$1.9M	$9.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2096	+0.269%	$77K	$11K	3x	as long as short
Phoenix ENA	+0.0115%	1h	0.2092	+0.077%	$5K	$356K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0223% / S −0.0369%	1h	0.2096	+0.272%	$38K	—	100x	as long as short
Extended ENA-USD	+0.0256%	1h	0.2095	+0.197%	$1.6M	$4.2M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2087	−0.162%	$5.5M	$8.1M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2095	+0.241%	$1K	$5K	15x	as long as short
Lighter ENA	+0.0472%	1h	0.2094	+0.197%	$5.6M	$12.9M	10x	as long as short
Hyperliquid ENA	+0.0529%	1h	0.2099	+0.417%	$110.7M	$79.8M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0576%	1h	0.2092	+0.101%	$800K	$2.1M	50x	as long as short
dYdX ENA-USD	+0.1873%	1h	0.2092	+0.065%	$138K	$15K	5x	as long as short