Funding you earn now, next payment 07:00 UTC+0.0344%/8h= +37.7% APRnext payment +$0.43 per $10,000 · paid last 24h −0.069%
Price spread now: Kraken Futures against ApeX Omni−0.278%7-day average +0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$101as in the Price arb table
costs, in and out, $10k−$690.694% of the position
Funding, last 7 days+0.168%+$17 on $10k
+Price spread, last 4 days (all we have)+0.727%+$73 · spread now −0.278%, 7d avg +0.035%
=Funding pays, the price is against you. Kraken Futures is 0.313% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.278% now, against its 7-day average of +0.035%). If the spread goes back, that is −$31 on $10k: about 3.0 days of funding at the current rate (+$10 a day). At the pace of the last 7 days (+0.168% in total) that is about 13 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.168% in total (about 8.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.43 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 | ApeX Omni ENAUSDT | 0.2128 | 0.0100 | pay 0.0013% / 1h | 16m 50s | $19K | $645K | 50x |
| Short | Kraken Futures PF_ENAUSD | 0.2122 | 0.0444 | get 0.0056% / 1h | 16m 50s | $2.6M | $4.4M | 50x |
ApeX Omni ENAUSDT
Kraken Futures PF_ENAUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against ApeX Omni. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $72.33
- Price spread: −0.278% → +0.035%
- −$31.31
- Slippage, 4 orders
- −$49.35
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$28.33
- Costs to cover
- 0.694%
- Break-even
- 9.7 days
Slippage from ApeX Omni: live order book, 26 min ago; Kraken Futures: live order book, 2 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 ApeX Omni live order book, 26 min ago | 7.01 bp | 20.1 bp −$20 | 133.8 bp −$1,338 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 2 min ago | 8.23 bp | 15.4 bp −$15 | 22.3 bp −$223 | 128.7 bp −$12.9K | 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 | −0.0111% | 4h | 0.2120 | −0.381% | $44K | $26K | 10x | as long as short |
| Deribit ENA_USDC-PERPETUAL | 0.0000% | 1h | 0.2121 | −0.329% | $54K | $1.1M | 50x | as long as short |
| gTrade (Gains Network) ENA/USD | L +0.0004% / S −0.0004% | 1h | 0.2121 | −0.307% | $82K | — | 150x | as long as short |
| 01 Exchange ENAUSD | +0.0008% | 1h | 0.2123 | −0.216% | $4K | $277 | 10x | as long as short |
| Injective ENA/USDC PERP | +0.0033% | 1h | 0.2123 | −0.216% | $522 | $57K | 5.5x | as long as short |
| Popdex ENAUSDT | +0.0096% | 1h | 0.2122 | −0.282% | $54K | $484K | 50x | as long as short |
| Paradex ENA-USD-PERP | +0.0100% | 8h | 0.2123 | −0.243% | $48K | $110 | 10x | as long as short |
| Nado ENA-PERP | +0.0100% | 1h | 0.2121 | −0.315% | $562K | $1.8M | 10x | as long as short |
| Hyperliquid ENA | +0.0100% | 1h | 0.2125 | −0.146% | $115.2M | $76.0M | 10x | as long as short |
| Aster ENAUSDT | +0.0100% | 4h | 0.2123 | −0.226% | $1.4M | $3.3M | 50x | as long as short |
Orderly PERP_ENA_USDC
Deribit ENA_USDC-PERPETUAL
gTrade (Gains Network) ENA/USD
01 Exchange ENAUSD
Injective ENA/USDC PERP
Popdex ENAUSDT
Paradex ENA-USD-PERP
Nado ENA-PERP
Hyperliquid ENA
Aster ENAUSDTShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica ENA | +0.0100% | 1h | 0.2125 | −0.155% | $402K | $546K | 10x | as long as short |
| Binance ENAUSDT | +0.0100% | 4h | 0.2123 | −0.243% | $128.5M | $428.5M | 75x | as long as short |
| Bybit ENAUSDT | +0.0100% | 4h | 0.2121 | −0.329% | $91.0M | $187.7M | 50x | as long as short |
| OKX ENA-USDT-SWAP | +0.0100% | 4h | 0.2123 | −0.244% | $21.3M | $108.5M | 50x | as long as short |
| Ondo Perps ENA-USD.P | +0.0100% | 1h | 0.2123 | −0.235% | $33K | $330K | 5x | as long as short |
| Arcus ENA-USD | +0.0100% | 1h | 0.2123 | −0.235% | $79K | $281K | 10x | as long as short |
| Bulk ENA-USD | +0.0100% | 1h | 0.2128 | +0.006% | $93K | $511 | 10x | as long as short |
| Gate ENA_USDT | +0.0100% | 4h | 0.2122 | −0.268% | $12.5M | $26.6M | 50x | as long as short |
| MEXC ENA_USDT | +0.0100% | 4h | 0.2122 | −0.277% | $37.9M | $43.0M | 200x | as long as short |
| KuCoin ENAUSDTM | +0.0100% | 4h | 0.2122 | −0.268% | $24.9M | $15.7M | 75x | as long as short |
| Bitget ENAUSDT | +0.0100% | 4h | 0.2121 | −0.343% | $48.1M | $60.0M | 75x | as long as short |
| BingX ENA-USDC | +0.0100% | 4h | 0.2122 | −0.277% | — | $6.5M | — | as long as short |
| Variational Omni ENA | +0.0100% | 4h | 0.2125 | −0.156% | $3.1M | $10.2M | — | as long as short |
| edgeX ENAUSDC | +0.0100% | 4h | 0.2126 | −0.113% | $257K | $7.1M | 20x | as long as short |
| GRVT ENA_USDT_Perp | +0.0100% | 4h | 0.2127 | −0.055% | $355K | $5.1M | 10x | as long as short |
| ApeX Omni ENAUSDTlong | +0.0100% | 1h | 0.2128 | long leg | $19K | $645K | 50x | |
| Polymarket Perps ENA-USD | +0.0100% | 1h | 0.2123 | −0.244% | $185K | $2.6M | 10x | as long as short |
| SunX ENA-USDT | +0.0100% | 4h | 0.2072 | −2.632% | $1K | $904K | 20x | as long as short |
| SoDEX ENA-USD | +0.0100% | 1h | 0.2121 | −0.329% | $4K | $7K | 10x | as long as short |
| HTX ENA-USDT | +0.0100% | 4h | 0.2129 | +0.023% | $267K | $820K | 50x | as long as short |
| Phemex ENAUSDT | +0.0100% | 4h | 0.2121 | −0.329% | $1.8M | $8.8M | 50x | as long as short |
| Extended ENA-USD | +0.0104% | 1h | 0.2121 | −0.333% | $1.6M | $4.3M | 50x | as long as short |
| Aevo ENA-PERP | +0.0104% | 1h | 0.2121 | −0.311% | $74K | $4K | 3x | as long as short |
| Phoenix ENA | +0.0110% | 1h | 0.2128 | 0.000% | $8K | $276K | 10x | as long as short |
| Lighter ENA | +0.0176% | 1h | 0.2124 | −0.188% | $5.0M | $13.5M | 10x | as long as short |
| dYdX ENA-USD | +0.0213% | 1h | 0.2127 | −0.067% | $140K | $16K | 5x | as long as short |
| GMX ENA/USD [ETH-USDC] | L +0.0307% / S −0.0753% | 1h | 0.2121 | −0.327% | $58K | — | 100x | as long as short |
| BloFin ENA-USDT | +0.0340% | 4h | 0.2123 | −0.249% | $5.6M | $3.2M | 75x | as long as short |
| Reya ENARUSDPERP | +0.0412% | 1h | 0.2121 | −0.345% | $1K | $5K | 15x | as long as short |
| Backpack ENA_USDC_PERP | +0.0425% | 1h | 0.2122 | −0.277% | $394K | $437K | 5x | as long as short |
| Kraken Futures PF_ENAUSDshort | +0.0444% | 1h | 0.2122 | −0.278% | $2.6M | $4.4M | 50x | |
| Coinbase International ENA-PERP-INTX | +0.0616% | 1h | 0.2135 | +0.352% | $881K | $1.8M | 50x | as long as short |
Pacifica ENA
Binance ENAUSDT
Bybit ENAUSDT
OKX ENA-USDT-SWAP
Ondo Perps ENA-USD.P
Arcus ENA-USD
Bulk ENA-USD
Gate ENA_USDT
MEXC ENA_USDT
KuCoin ENAUSDTM
Bitget ENAUSDT
BingX ENA-USDC
Variational Omni ENA
edgeX ENAUSDC
GRVT ENA_USDT_Perp
Polymarket Perps ENA-USD
SunX ENA-USDT
SoDEX ENA-USD
HTX ENA-USDT
Phemex ENAUSDT
Extended ENA-USD
Aevo ENA-PERP
Phoenix ENA
Lighter ENA
dYdX ENA-USD
GMX ENA/USD [ETH-USDC]
BloFin ENA-USDT
Reya ENARUSDPERP
Backpack ENA_USDC_PERP
Coinbase International ENA-PERP-INTX