Funding you earn now, next payment 01:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.024%
Price spread now: Injective against Bybit+0.407%88s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.230%+$23 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 0.407% dearer against Bybit than usual: you sell high and buy low (spread +0.407% now, against zero (this spread has no 7-day history yet)): +$41 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 20 days. Mind the row above: over the last 7 days funding on this pair paid +0.230%, so the current rate has only just turned against you. The two prices were read 88 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 | Bybit ENAUSDT | 0.2115 | 0.0100 | pay 0.0050% / 4h | 3h 34m | $89.0M | $185.6M | 50x |
| Short | Injective ENA/USDC PERP | 0.2123 | 0.0033 | get 0.0004% / 1h | 34m 01s | $522 | $57K | 5.5x |
Bybit ENAUSDT
Injective ENA/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Bybit. 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
- −$14
- Price spread: +0.407% → 0.000%
- $40.67
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $15.65
- Costs to cover
- 0.110%
- Break-even
- from the start
Slippage unknown: Bybit: live order book, 5 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 Bybit live order book, 5 min ago | 0.24 bp | 8.9 bp −$9 | 17.1 bp −$171 | 63.2 bp −$6,325 | 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 | −0.0004% | 1h | 0.2115 | +0.033% | $377K | $415K | 5x | as long as short |
| Deribit ENA_USDC-PERPETUAL | 0.0000% | 1h | 0.2115 | +0.005% | $81K | $1.7M | 50x | as long as short |
| gTrade (Gains Network) ENA/USD | L +0.0003% / S −0.0003% | 1h | 0.2115 | −0.009% | $96K | — | 150x | as long as short |
| Orderly PERP_ENA_USDC | +0.0027% | 4h | 0.2114 | −0.019% | $41K | $23K | 10x | as long as short |
| dYdX ENA-USD | +0.0031% | 1h | 0.2113 | −0.078% | $140K | $15K | 5x | as long as short |
| Injective ENA/USDC PERPshort | +0.0033% | 1h | 0.2123 | +0.407% | $522 | $57K | 5.5x | |
| Popdex ENAUSDT | +0.0096% | 1h | 0.2114 | −0.038% | $62K | $520K | 50x | as long as short |
| Nado ENA-PERP | +0.0100% | 1h | 0.2113 | −0.097% | $673K | $1.7M | 10x | as long as short |
| Aster ENAUSDT | +0.0100% | 4h | 0.2116 | +0.052% | $1.5M | $3.3M | 50x | as long as short |
| Pacifica ENA | +0.0100% | 1h | 0.2113 | −0.068% | $409K | $552K | 10x | as long as short |
Backpack ENA_USDC_PERP
Deribit ENA_USDC-PERPETUAL
gTrade (Gains Network) ENA/USD
Orderly PERP_ENA_USDC
dYdX ENA-USD
Popdex ENAUSDT
Nado ENA-PERP
Aster ENAUSDT
Pacifica ENAShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ENAUSDT | +0.0100% | 4h | 0.2114 | −0.015% | $131.2M | $443.9M | 75x | as long as short |
| Bybit ENAUSDTlong | +0.0100% | 4h | 0.2115 | long leg | $89.0M | $185.6M | 50x | |
| OKX ENA-USDT-SWAP | +0.0100% | 4h | 0.2116 | +0.047% | $20.7M | $108.8M | 50x | as long as short |
| Ondo Perps ENA-USD.P | +0.0100% | 1h | 0.2116 | +0.038% | $15K | $399K | 5x | as long as short |
| Arcus ENA-USD | +0.0100% | 1h | 0.2115 | +0.009% | $105K | $242K | 10x | as long as short |
| Bulk ENA-USD | +0.0100% | 1h | 0.2117 | +0.080% | $89K | −$0 | 10x | as long as short |
| Gate ENA_USDT | +0.0100% | 4h | 0.2114 | −0.024% | $10.8M | $20.8M | 50x | as long as short |
| MEXC ENA_USDT | +0.0100% | 4h | 0.2115 | +0.014% | $45.8M | $44.3M | 200x | as long as short |
| KuCoin ENAUSDTM | +0.0100% | 4h | 0.2116 | +0.047% | $24.3M | $16.5M | 75x | as long as short |
| Bitget ENAUSDT | +0.0100% | 4h | 0.2113 | −0.066% | $47.9M | $61.5M | 75x | as long as short |
| BingX ENA-USDT | +0.0100% | 4h | 0.2114 | −0.014% | — | $32.6M | — | as long as short |
| Variational Omni ENA | +0.0100% | 4h | 0.2115 | −0.004% | $3.8M | $10.1M | — | as long as short |
| edgeX ENAUSDC | +0.0100% | 4h | 0.2117 | +0.126% | $247K | $7.5M | 20x | as long as short |
| GRVT ENA_USDT_Perp | +0.0100% | 4h | 0.2117 | +0.104% | $356K | $4.7M | 10x | as long as short |
| ApeX Omni ENAUSDT | +0.0100% | 1h | 0.2118 | +0.151% | $34K | $686K | 50x | as long as short |
| Polymarket Perps ENA-USD | +0.0100% | 1h | 0.2115 | −0.009% | $179K | $2.4M | 10x | as long as short |
| SunX ENA-USDT | +0.0100% | 4h | 0.2065 | −2.345% | $863 | $827K | 20x | as long as short |
| SoDEX ENA-USD | +0.0100% | 1h | 0.2115 | +0.009% | $4K | $10K | 10x | as long as short |
| HTX ENA-USDT | +0.0100% | 4h | 0.2121 | +0.279% | $275K | $1.3M | 50x | as long as short |
| Phemex ENAUSDT | +0.0100% | 4h | 0.2115 | +0.009% | $1.9M | $9.4M | 50x | as long as short |
| Paradex ENA-USD-PERP | +0.0100% | 8h | 0.2112 | −0.120% | $47K | $221 | 10x | as long as short |
| Aevo ENA-PERP | +0.0104% | 1h | 0.2115 | +0.009% | $74K | $4K | 3x | as long as short |
| Phoenix ENA | +0.0150% | 1h | 0.2121 | +0.284% | $7K | $347K | 10x | as long as short |
| 01 Exchange ENAUSD | +0.0224% | 1h | 0.2116 | +0.043% | $4K | $302 | 10x | as long as short |
| Kraken Futures PF_ENAUSD | +0.0236% | 1h | 0.2116 | +0.058% | $2.7M | $5.1M | 50x | as long as short |
| GMX ENA/USD [ETH-USDC] | L +0.0250% / S −0.0434% | 1h | 0.2114 | −0.020% | $38K | — | 100x | as long as short |
| Extended ENA-USD | +0.0280% | 1h | 0.2114 | −0.027% | $1.6M | $4.3M | 50x | as long as short |
| BloFin ENA-USDT | +0.0340% | 4h | 0.2114 | −0.019% | $5.6M | $2.0M | 75x | as long as short |
| Reya ENARUSDPERP | +0.0412% | 1h | 0.2114 | −0.031% | $1K | $5K | 15x | as long as short |
| Lighter ENA | +0.0600% | 1h | 0.2117 | +0.118% | $5.6M | $12.6M | 10x | as long as short |
| Coinbase International ENA-PERP-INTX | +0.0608% | 1h | 0.2120 | +0.236% | $837K | $1.8M | 50x | as long as short |
| Hyperliquid ENA | +0.0705% | 1h | 0.2118 | +0.137% | $114.2M | $75.3M | 10x | as long as short |
Binance 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
Aevo ENA-PERP
Phoenix ENA
01 Exchange ENAUSD
Kraken Futures PF_ENAUSD
GMX ENA/USD [ETH-USDC]
Extended ENA-USD
BloFin ENA-USDT
Reya ENARUSDPERP
Lighter ENA
Coinbase International ENA-PERP-INTX
Hyperliquid ENA