ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h −0.026%

Price spread now: Injective against Arcus+1.356%101s7-day average — · you sell dearer than you buy

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

Long on Arcus Short on Injective

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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 1.356% dearer against Arcus than usual: you sell high and buy low (spread +1.356% now, against zero (this spread has no 7-day history yet)): +$136 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2 months. The two prices were read 101 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	Arcus ENA-USD	0.2095	0.0100	pay 0.0013% / 1h	19m 32s	$82K	$220K	10x
Short	Injective ENA/USDC PERP	0.2123	0.0033	get 0.0004% / 1h	19m 32s	$522	$57K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Arcus. 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 ArcusbpFee InjectivebpOrdersPrice spread, now +1.356%Rate

Funding earned: −$14
Price spread: +1.356% → 0.000%: $135.56
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $117.04
Costs to cover: 0.045%
Break-even: from the start

Slippage unknown: Arcus: live order book, 64 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 Arcus live order book, 64 min ago	9.48 bp	12.5 bp −$12	23.8 bp −$238	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
Backpack ENA_USDC_PERP	−0.0056%	1h	0.2093	−0.081%	$370K	$451K	5x	as long as short
Orderly PERP_ENA_USDC	−0.0052%	4h	0.2092	−0.138%	$40K	$24K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2093	−0.110%	$92K	$1.8M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2094	−0.048%	$101K	—	150x	as long as short
Injective ENA/USDC PERPshort	+0.0033%	1h	0.2123	+1.356%	$522	$57K	5.5x
Kraken Futures PF_ENAUSD	+0.0066%	1h	0.2094	−0.038%	$2.6M	$5.5M	50x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2095	0.000%	$61K	$531K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2094	−0.053%	$47K	$221	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2093	−0.084%	$659K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2095	−0.008%	$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	0.2095	−0.011%	$405K	$576K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2095	−0.018%	$129.2M	$455.8M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2094	−0.043%	$87.1M	$190.7M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2095	+0.005%	$20.2M	$111.2M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2093	−0.110%	$15K	$401K	5x	as long as short
Arcus ENA-USDlong	+0.0100%	1h	0.2095	long leg	$82K	$220K	10x
Bulk ENA-USD	+0.0100%	1h	0.2095	−0.015%	$88K	$500	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2094	−0.048%	$10.5M	$21.3M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2094	−0.033%	$45.7M	$46.9M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2095	+0.019%	$23.9M	$16.5M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2094	−0.067%	$47.3M	$64.8M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2094	−0.048%	—	$32.8M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2094	−0.048%	$3.8M	$10.3M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2096	+0.029%	$249K	$7.8M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2095	+0.024%	$353K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2095	0.000%	$32K	$710K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2095	+0.014%	$177K	$2.7M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2043	−2.468%	$1K	$815K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2092	−0.143%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2100	+0.248%	$272K	$1.5M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2092	−0.143%	$1.9M	$9.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2093	−0.108%	$77K	$11K	3x	as long as short
Phoenix ENA	+0.0115%	1h	0.2095	−0.019%	$5K	$356K	10x	as long as short
01 Exchange ENAUSD	+0.0128%	1h	0.2096	+0.048%	$4K	$432	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0238% / S −0.0407%	1h	0.2094	−0.055%	$38K	—	100x	as long as short
Extended ENA-USD	+0.0328%	1h	0.2094	−0.067%	$1.6M	$4.1M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2095	0.000%	$5.5M	$8.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2095	−0.020%	$1K	$5K	15x	as long as short
Lighter ENA	+0.0504%	1h	0.2097	+0.115%	$5.6M	$12.9M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0576%	1h	0.2098	+0.138%	$826K	$2.1M	50x	as long as short
Hyperliquid ENA	+0.0577%	1h	0.2097	+0.105%	$110.7M	$78.9M	10x	as long as short
dYdX ENA-USD	+0.1958%	1h	0.2093	−0.097%	$138K	$15K	5x	as long as short