Funding you earn now, next payment 07:00 UTC+0.0340%/8h= +37.3% APRpaid last 24h −0.069%
Price spread now: Kraken Futures against Binance−0.060%7-day average +0.074% · you buy dearer than you sell
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$530.528% of the position
Funding, last 7 days+0.186%+$19 on $10k
+Price spread, last 4 days (all we have)+0.411%+$41 · spread now −0.060%, 7d avg +0.074%
=Funding pays, the price is against you. Kraken Futures is 0.135% cheaper against Binance than usual: you would sell low and buy high (spread −0.060% now, against its 7-day average of +0.074%). If the spread goes back, that is −$13 on $10k: about 32 hours of funding at the current rate (+$10 a day). At the pace of the last 7 days (+0.186% in total) that is about 5.1 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.186% in total (about 9.7% a year). A funding rate is set anew for every payment. 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 | Binance ENAUSDT | 0.2144 | 0.0100 | pay 0.0050% / 4h | 1h 45m | $129.4M | $428.2M | 75x |
| Short | Kraken Futures PF_ENAUSD | 0.2142 | 0.0440 | get 0.0055% / 1h | 45m 58s | $2.6M | $4.3M | 50x |
Binance ENAUSDT
Kraken Futures PF_ENAUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Binance. 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
- $71.45
- Price spread: −0.060% → +0.074%
- −$13.48
- Slippage, 4 orders
- −$32.84
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $5.12
- Costs to cover
- 0.528%
- Break-even
- 6.5 days
Slippage from Binance: live order book, 13 min ago; Kraken Futures: live order book, 3 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 Binance live order book, 13 min ago | 0.23 bp | 7.8 bp −$8 | 13.6 bp −$136 | 57.7 bp −$5,770 | doesn't fit |
| Sell Kraken Futures live order book, 3 min ago | 10.72 bp | 16.8 bp −$17 | 22.4 bp −$224 | 109.3 bp −$10.9K | 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 | −0.0135% | 4h | 0.2141 | −0.127% | $44K | $26K | 10x | as long as short |
| 01 Exchange ENAUSD | −0.0008% | 1h | 0.2140 | −0.197% | $4K | $277 | 10x | as long as short |
| Deribit ENA_USDC-PERPETUAL | 0.0000% | 1h | 0.2142 | −0.099% | $66K | $1.1M | 50x | as long as short |
| gTrade (Gains Network) ENA/USD | L +0.0004% / S −0.0004% | 1h | 0.2141 | −0.110% | $82K | — | 150x | as long as short |
| Injective ENA/USDC PERP | +0.0033% | 1h | 0.2123 | −0.948% | $522 | $57K | 5.5x | as long as short |
| dYdX ENA-USD | +0.0044% | 1h | 0.2142 | −0.087% | $141K | $16K | 5x | as long as short |
| Lighter ENA | +0.0096% | 1h | 0.2144 | +0.003% | $5.1M | $13.3M | 10x | as long as short |
| Popdex ENAUSDT | +0.0096% | 1h | 0.2139 | −0.221% | $57K | $481K | 50x | as long as short |
| Nado ENA-PERP | +0.0100% | 1h | 0.2140 | −0.190% | $566K | $1.8M | 10x | as long as short |
| Hyperliquid ENA | +0.0100% | 1h | 0.2145 | +0.036% | $115.6M | $76.5M | 10x | as long as short |
Orderly PERP_ENA_USDC
01 Exchange ENAUSD
Deribit ENA_USDC-PERPETUAL
gTrade (Gains Network) ENA/USD
Injective ENA/USDC PERP
dYdX ENA-USD
Lighter ENA
Popdex ENAUSDT
Nado ENA-PERP
Hyperliquid ENAShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster ENAUSDT | +0.0100% | 4h | 0.2144 | +0.002% | $1.4M | $3.3M | 50x | as long as short |
| Pacifica ENA | +0.0100% | 1h | 0.2141 | −0.143% | $404K | $540K | 10x | as long as short |
| Binance ENAUSDTlong | +0.0100% | 4h | 0.2144 | long leg | $129.4M | $428.2M | 75x | |
| Bybit ENAUSDT | +0.0100% | 4h | 0.2144 | +0.022% | $85.7M | $181.5M | 50x | as long as short |
| OKX ENA-USDT-SWAP | +0.0100% | 4h | 0.2144 | +0.017% | $21.4M | $109.3M | 50x | as long as short |
| Ondo Perps ENA-USD.P | +0.0100% | 1h | 0.2140 | −0.174% | $20K | $319K | 5x | as long as short |
| Arcus ENA-USD | +0.0100% | 1h | 0.2139 | −0.221% | $79K | $281K | 10x | as long as short |
| Bulk ENA-USD | +0.0100% | 1h | 0.2148 | +0.212% | $94K | $511 | 10x | as long as short |
| Gate ENA_USDT | +0.0100% | 4h | 0.2143 | −0.034% | $12.4M | $26.0M | 50x | as long as short |
| MEXC ENA_USDT | +0.0100% | 4h | 0.2143 | −0.029% | $48.4M | $42.2M | 200x | as long as short |
| KuCoin ENAUSDTM | +0.0100% | 4h | 0.2143 | −0.025% | $24.8M | $15.8M | 75x | as long as short |
| Bitget ENAUSDT | +0.0100% | 4h | 0.2142 | −0.071% | $48.7M | $60.1M | 75x | as long as short |
| BingX ENA-USDT | +0.0100% | 4h | 0.2143 | −0.015% | — | $31.6M | — | as long as short |
| Variational Omni ENA | +0.0100% | 4h | 0.2149 | +0.260% | $3.1M | $10.2M | — | as long as short |
| edgeX ENAUSDC | +0.0100% | 4h | 0.2142 | −0.075% | $256K | $7.1M | 20x | as long as short |
| GRVT ENA_USDT_Perp | +0.0100% | 4h | 0.2148 | +0.199% | $355K | $5.0M | 10x | as long as short |
| ApeX Omni ENAUSDT | +0.0100% | 1h | 0.2142 | −0.081% | $19K | $649K | 50x | as long as short |
| Polymarket Perps ENA-USD | +0.0100% | 1h | 0.2141 | −0.146% | $188K | $2.6M | 10x | as long as short |
| SunX ENA-USDT | +0.0100% | 4h | 0.2089 | −2.562% | $1K | $898K | 20x | as long as short |
| SoDEX ENA-USD | +0.0100% | 1h | 0.2144 | +0.013% | $4K | $7K | 10x | as long as short |
| HTX ENA-USDT | +0.0100% | 4h | 0.2147 | +0.134% | $269K | $824K | 50x | as long as short |
| Phemex ENAUSDT | +0.0100% | 4h | 0.2141 | −0.127% | $1.8M | $8.9M | 50x | as long as short |
| Paradex ENA-USD-PERP | +0.0100% | 8h | 0.2140 | −0.155% | $48K | $110 | 10x | as long as short |
| Extended ENA-USD | +0.0104% | 1h | 0.2142 | −0.070% | $1.6M | $4.3M | 50x | as long as short |
| Aevo ENA-PERP | +0.0104% | 1h | 0.2141 | −0.109% | $75K | $4K | 3x | as long as short |
| Phoenix ENA | +0.0110% | 1h | 0.2147 | +0.157% | $8K | $276K | 10x | as long as short |
| GMX ENA/USD [ETH-USDC] | L +0.0308% / S −0.0753% | 1h | 0.2141 | −0.114% | $59K | — | 100x | as long as short |
| BloFin ENA-USDT | +0.0340% | 4h | 0.2141 | −0.137% | $5.7M | $3.2M | 75x | as long as short |
| Reya ENARUSDPERP | +0.0412% | 1h | 0.2139 | −0.218% | $1K | $5K | 15x | as long as short |
| Kraken Futures PF_ENAUSDshort | +0.0440% | 1h | 0.2142 | −0.060% | $2.6M | $4.3M | 50x | |
| Coinbase International ENA-PERP-INTX | +0.0616% | 1h | 0.2149 | +0.223% | $886K | $1.8M | 50x | as long as short |
| Backpack ENA_USDC_PERP | +0.0621% | 1h | 0.2144 | +0.013% | $392K | $432K | 5x | as long as short |
Aster ENAUSDT
Pacifica ENA
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-USDT
Variational Omni ENA
edgeX ENAUSDC
GRVT ENA_USDT_Perp
ApeX Omni ENAUSDT
Polymarket Perps ENA-USD
SunX ENA-USDT
SoDEX ENA-USD
HTX ENA-USDT
Phemex ENAUSDT
Paradex ENA-USD-PERP
Extended ENA-USD
Aevo ENA-PERP
Phoenix ENA
GMX ENA/USD [ETH-USDC]
BloFin ENA-USDT
Reya ENARUSDPERP
Coinbase International ENA-PERP-INTX
Backpack ENA_USDC_PERP