ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h −0.023%

Price spread now: Injective against Bulk+0.381%7-day average — · you sell dearer than you buy

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

Long on Bulk Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 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 0.381% dearer against Bulk than usual: you sell high and buy low (spread +0.381% now, against zero (this spread has no 7-day history yet)): +$38 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 19 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk ENA-USD	0.2115	0.0100	pay 0.0013% / 1h	50m 45s	$93K	$4K	10x
Short	Injective ENA/USDC PERP	0.2123	0.0033	get 0.0004% / 1h	50m 45s	$522	$57K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Bulk. 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 BulkbpFee InjectivebpOrdersPrice spread, now +0.381%Rate

Funding earned: −$14
Price spread: +0.381% → 0.000%: $38.07
Slippage, 4 orders: no order book: not counted
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $17.05
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Bulk: no order-book sample; 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 Bulk no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

Bulk and 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	−0.0215%	1h	0.2112	−0.177%	$362K	$402K	5x	as long as short
Orderly PERP_ENA_USDC	−0.0085%	4h	0.2111	−0.215%	$44K	$25K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2111	−0.196%	$73K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2111	−0.185%	$82K	—	150x	as long as short
Injective ENA/USDC PERPshort	+0.0033%	1h	0.2123	+0.381%	$522	$57K	5.5x
01 Exchange ENAUSD	+0.0056%	1h	0.2110	−0.262%	$4K	$302	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2109	−0.300%	$56K	$464K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2107	−0.405%	$47K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2109	−0.300%	$655K	$1.7M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2110	−0.235%	$1.5M	$3.2M	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	0.2108	−0.338%	$402K	$511K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2107	−0.385%	$128.2M	$415.1M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2107	−0.409%	$85.2M	$175.2M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2108	−0.361%	$21.0M	$103.7M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2105	−0.465%	$20K	$323K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2110	−0.253%	$78K	$276K	10x	as long as short
Bulk ENA-USDlong	+0.0100%	1h	0.2115	long leg	$93K	$4K	10x
Gate ENA_USDT	+0.0100%	4h	0.2107	−0.376%	$11.1M	$22.2M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2107	−0.385%	$45.9M	$40.9M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2109	−0.291%	$24.9M	$15.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2106	−0.461%	$47.9M	$57.8M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2108	−0.352%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2110	−0.235%	$3.0M	$10.0M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2114	−0.073%	$244K	$6.9M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2116	+0.029%	$355K	$5.0M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2118	+0.125%	$20K	$649K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2112	−0.168%	$178K	$2.3M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2059	−2.687%	$1K	$852K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2111	−0.205%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2112	−0.168%	$273K	$793K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2111	−0.205%	$1.7M	$8.9M	50x	as long as short
Lighter ENA	+0.0104%	1h	0.2110	−0.239%	$5.2M	$13.2M	10x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2106	−0.422%	$1.6M	$4.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2111	−0.199%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0113%	1h	0.2115	+0.003%	$8K	$274K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0173%	1h	0.2111	−0.196%	$2.6M	$4.3M	50x	as long as short
dYdX ENA-USD	+0.0267%	1h	0.2110	−0.246%	$139K	$15K	5x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0306% / S −0.0358%	1h	0.2111	−0.205%	$70K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2110	−0.272%	$5.6M	$3.0M	75x	as long as short
Hyperliquid ENA	+0.0359%	1h	0.2111	−0.191%	$115.1M	$74.0M	10x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2111	−0.227%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0656%	1h	0.2116	+0.045%	$865K	$1.7M	50x	as long as short