ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0140%/8h= −15.4% APRnext payment −$0.18 per $10,000 · paid last 24h +0.057%

Price spread now: Pacifica against Kraken Futures−0.145%7-day average −0.076% · you buy dearer than you sell

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$600.604% of the position

Long on Kraken Futures Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.138%−$14 on $10k

Price spread, last 3 days (all we have)−0.250%−$25 · spread now −0.145%, 7d avg −0.076%

Together, before fees−0.388%+ Points / potential airdropPacifica: Active · farm board−$39 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Pacifica is 0.069% cheaper against Kraken Futures than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.076%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ENAUSD	0.2126	0.0240	pay 0.0030% / 1h	19m 19s	$2.7M	$5.4M	50x
Short	Pacifica ENA	0.2123	0.0100	get 0.0013% / 1h	19m 19s	$410K	$561K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.145%Rate

Funding earned: −$29.46
Price spread: −0.145% → −0.076%: −$6.92
Slippage, 4 orders: −$42.41
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$96.79
Costs to cover: 0.604%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 5 min ago; Pacifica: live order book, 59 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, 5 min ago	14.63 bp	22.7 bp −$23	25.0 bp −$250	92.7 bp −$9,271	doesn't fit
Sell Pacifica live order book, 59 min ago	1.43 bp	6.4 bp −$6	doesn't fit	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	−0.0005%	4h	0.2125	−0.014%	$41K	$24K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2126	+0.019%	$93K	$1.7M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2125	−0.037%	$97K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−0.104%	$522	$57K	5.5x	as long as short
Backpack ENA_USDC_PERP	+0.0040%	1h	0.2121	−0.203%	$375K	$445K	5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2124	−0.076%	$61K	$523K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2124	−0.061%	$681K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2124	−0.061%	$1.5M	$3.3M	50x	as long as short
Pacifica ENAshort	+0.0100%	1h	0.2123	−0.145%	$410K	$561K	10x
Binance ENAUSDT	+0.0100%	4h	0.2125	−0.036%	$131.3M	$451.1M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ENAUSDT	+0.0100%	4h	0.2125	−0.029%	$89.2M	$189.3M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2126	+0.004%	$20.6M	$111.1M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2119	−0.320%	$15K	$399K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2124	−0.076%	$84K	$222K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2121	−0.217%	$89K	$500	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2124	−0.071%	$10.9M	$21.5M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2125	−0.033%	$46.5M	$45.6M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2126	0.000%	$24.6M	$16.4M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2124	−0.080%	$48.2M	$63.7M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2124	−0.066%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2120	−0.251%	$3.9M	$10.3M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2116	−0.466%	$252K	$7.6M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2117	−0.393%	$354K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2117	−0.405%	$34K	$711K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2125	−0.010%	$179K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2074	−2.433%	$1K	$826K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2125	−0.029%	$4K	$11K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2127	+0.061%	$276K	$1.4M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2125	−0.029%	$2.0M	$9.2M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2122	−0.179%	$47K	$221	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2126	+0.004%	$78K	$11K	3x	as long as short
Phoenix ENA	+0.0189%	1h	0.2118	−0.353%	$7K	$347K	10x	as long as short
01 Exchange ENAUSD	+0.0192%	1h	0.2125	−0.010%	$4K	$302	10x	as long as short
Extended ENA-USD	+0.0208%	1h	0.2124	−0.063%	$1.6M	$4.2M	50x	as long as short
Kraken Futures PF_ENAUSDlong	+0.0240%	1h	0.2126	long leg	$2.7M	$5.4M	50x
GMX ENA/USD [ETH-USDC]	L +0.0250% / S −0.0434%	1h	0.2125	−0.030%	$38K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2120	−0.254%	$5.6M	$6.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2124	−0.062%	$1K	$5K	15x	as long as short
Lighter ENA	+0.0528%	1h	0.2124	−0.057%	$5.6M	$12.9M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0552%	1h	0.2120	−0.278%	$837K	$2.0M	50x	as long as short
Hyperliquid ENA	+0.0759%	1h	0.2128	+0.127%	$114.6M	$78.3M	10x	as long as short
dYdX ENA-USD	+0.1536%	1h	0.2121	−0.216%	$140K	$15K	5x	as long as short