ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0082%/8h= −9.0% APRnext payment −$0.10 per $10,000 · paid last 24h −0.039%

Price spread now: Injective against Phoenix+1.240%7-day average — · you sell dearer than you buy

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

Long on Phoenix Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.071%+$7 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 1.240% dearer against Phoenix than usual: you sell high and buy low (spread +1.240% now, against zero (this spread has no 7-day history yet)): +$124 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 51 days. Mind the row above: over the last 7 days funding on this pair paid +0.071%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix ENA	0.2097	0.0115	pay 0.0014% / 1h	13m 49s	$5K	$356K	10x
Short	Injective ENA/USDC PERP	0.2123	0.0033	get 0.0004% / 1h	13m 49s	$522	$57K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Phoenix. 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 PhoenixbpFee InjectivebpOrdersPrice spread, now +1.240%Rate

Funding earned: −$17.18
Price spread: +1.240% → 0.000%: $123.96
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $99.76
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Phoenix: live order book, 2 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 Phoenix live order book, 2 min ago	1.91 bp	16.6 bp −$17	59.6 bp −$596	doesn't fit	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	−0.0046%	4h	0.2097	−0.043%	$41K	$24K	10x	as long as short
Backpack ENA_USDC_PERP	−0.0033%	1h	0.2097	−0.005%	$370K	$448K	5x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2097	−0.033%	$92K	$1.8M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2097	+0.005%	$101K	—	150x	as long as short
Injective ENA/USDC PERPshort	+0.0033%	1h	0.2123	+1.240%	$522	$57K	5.5x
Kraken Futures PF_ENAUSD	+0.0066%	1h	0.2098	+0.025%	$2.6M	$5.5M	50x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2097	−0.019%	$61K	$531K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2097	−0.003%	$47K	$221	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2098	+0.041%	$660K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2097	−0.043%	$1.5M	$3.3M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ENA	+0.0100%	1h	0.2098	+0.025%	$406K	$576K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2096	−0.051%	$129.3M	$455.0M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2095	−0.091%	$87.1M	$190.5M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2096	−0.067%	$20.2M	$111.1M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2095	−0.100%	$15K	$396K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2098	+0.029%	$82K	$220K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2095	−0.129%	$88K	$500	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2096	−0.086%	$10.5M	$21.3M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2096	−0.057%	$46.5M	$47.0M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2097	−0.005%	$23.9M	$16.4M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2095	−0.119%	$47.3M	$64.7M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2097	−0.043%	—	$32.8M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2091	−0.301%	$3.8M	$10.3M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2093	−0.227%	$249K	$7.8M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2093	−0.231%	$353K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2092	−0.257%	$32K	$710K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2098	+0.024%	$177K	$2.6M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2047	−2.403%	$1K	$816K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2096	−0.067%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2099	+0.095%	$272K	$1.5M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2096	−0.067%	$1.9M	$9.1M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2097	−0.043%	$77K	$11K	3x	as long as short
Phoenix ENAlong	+0.0115%	1h	0.2097	long leg	$5K	$356K	10x
01 Exchange ENAUSD	+0.0136%	1h	0.2098	+0.024%	$4K	$432	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0242% / S −0.0416%	1h	0.2097	−0.019%	$38K	—	100x	as long as short
Extended ENA-USD	+0.0336%	1h	0.2096	−0.082%	$1.6M	$4.1M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2097	−0.014%	$5.5M	$8.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2097	−0.014%	$1K	$5K	15x	as long as short
Lighter ENA	+0.0520%	1h	0.2099	+0.086%	$5.6M	$12.9M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0576%	1h	0.2100	+0.129%	$827K	$2.1M	50x	as long as short
Hyperliquid ENA	+0.0583%	1h	0.2099	+0.091%	$110.8M	$78.9M	10x	as long as short
dYdX ENA-USD	+0.1975%	1h	0.2097	−0.026%	$139K	$15K	5x	as long as short