ENA

Alert

Funding spread now, next payment 16:00 UTC+0.0359%/8h

next payment, per $10,000+$0.45paid, last 24h−0.013%paid, last 7 days−0.118%to open and closeno order book

Long on Kraken Futures Short on Ondo Perps

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.118% in total (about -6.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.45 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	0.2165	−0.0259	get 0.0032% / 1h	32m 37s	$2.6M	$10.2M	50x
Short	Ondo Perps ENA-USD.P	0.2159	0.0100	get 0.0013% / 1h	32m 37s	$21K	$538K	5x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee Ondo PerpsbpOrdersRate

Funding earned: $75.41
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $60.41
Break-even: 1.4 days

Slippage unknown: Kraken Futures: live order book, 3 min ago; Ondo Perps: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.242%
Avg gap 7d: −0.027%

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, 3 min ago	5.29 bp	11.3 bp −$11	17.6 bp −$176	91.5 bp −$9,154	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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 41 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Backpack ENA_USDC_PERP	−0.0534%	1h	$364K	$731K	5x	as long as short
Kraken Futures PF_ENAUSDlong	−0.0259%	1h	$2.6M	$10.2M	50x
Orderly PERP_ENA_USDC	−0.0169%	4h	$43K	$41K	10x	as long as short
01 Exchange ENAUSD	−0.0128%	1h	$4K	$3K	10x	as long as short
Bitget ENAUSDT	−0.0060%	4h	$50.0M	$81.6M	75x	as long as short
Gate ENA_USDT	−0.0042%	4h	$10.9M	$30.5M	50x	as long as short
Phoenix ENA	0.0000%	1h	$6K	$463K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	$84K	$2.5M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	$100K	—	150x	as long as short
SoDEX ENA-USD	+0.0033%	1h	$4K	$16K	10x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective ENA/USDC PERP	+0.0033%	1h	$535	$2K	5.5x	as long as short
OKX ENA-USDT-SWAP	+0.0063%	4h	$21.4M	$161.1M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0063% / S −0.0010%	1h	$18K	—	100x	as long as short
Popdex ENAUSDT	+0.0096%	1h	$56K	$605K	50x	as long as short
Paradex ENA-USD-PERP	+0.0098%	8h	$48K	$896	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	$640K	$2.1M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	$111.7M	$97.0M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	$1.6M	$3.1M	50x	as long as short
Pacifica ENA	+0.0100%	1h	$432K	$740K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	$136.4M	$556.9M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	$93.6M	$234.6M	50x	as long as short
Ondo Perps ENA-USD.Pshort	+0.0100%	1h	$21K	$538K	5x
Arcus ENA-USD	+0.0100%	1h	$87K	$319K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	$91K	−$0	10x	as long as short
MEXC ENA_USDT	+0.0100%	4h	$44.5M	$64.4M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	$23.2M	$18.5M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	—	$32.6M	—	as long as short
Variational Omni ENA	+0.0100%	4h	$4.7M	$9.3M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	$266K	$9.3M	20x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	$40K	$690K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	$170K	$4.2M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	$1K	$768K	20x	as long as short
HTX ENA-USDT	+0.0100%	4h	$244K	$2.3M	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	$80K	$11K	3x	as long as short
BloFin ENA-USDT	+0.0340%	4h	$6.0M	$9.8M	75x	as long as short
Lighter ENA	+0.0400%	1h	$6.0M	$18.3M	10x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0512%	1h	$861K	$3.5M	50x	as long as short
dYdX ENA-USD	+0.0591%	1h	$133K	$3K	5x	as long as short