ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0046%/8h= +5.0% APRnext payment +$0.06 per $10,000 · paid last 24h −0.077%

Price spread now: Kraken Futures against Extended−0.019%7-day average +0.118% · you buy dearer than you sell

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$510.511% of the position

Long on Extended Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.134%+$13 on $10k

Price spread, last 4 days (all we have)+0.311%+$31 · spread now −0.019%, 7d avg +0.118%

Together, before fees+0.445%+ Points / potential airdropExtended: Active · farm board+$44 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.137% cheaper against Extended than usual: you would sell low and buy high (spread −0.019% now, against its 7-day average of +0.118%). If the spread goes back, that is −$14 on $10k: about 10.0 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ENA-USD	0.2096	0.0104	pay 0.0013% / 1h	36m 42s	$1.6M	$4.4M	50x
Short	Kraken Futures PF_ENAUSD	0.2096	0.0150	get 0.0019% / 1h	36m 42s	$2.6M	$4.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Extended. 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 ExtendedbpFee Kraken FuturesbpOrdersPrice spread, now −0.019%Rate

Funding earned: $9.62
Price spread: −0.019% → +0.118%: −$13.72
Slippage, 4 orders: −$36.09
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$55.19
Costs to cover: 0.511%
Break-even: 47.1 days

Slippage from Extended: live order book, 2 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 Extended live order book, 2 min ago	0.24 bp	5.9 bp −$6	15.5 bp −$155	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 2 min ago	14.03 bp	21.6 bp −$22	27.5 bp −$275	174.3 bp −$17.4K	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	−0.0095%	4h	0.2094	−0.080%	$43K	$17K	10x	as long as short
01 Exchange ENAUSD	0.0000%	1h	0.2095	−0.071%	$4K	$277	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2095	−0.047%	$54K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2095	−0.064%	$81K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+1.303%	$522	$57K	5.5x	as long as short
Lighter ENA	+0.0096%	1h	0.2098	+0.110%	$4.9M	$13.8M	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2094	−0.099%	$55K	$478K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2097	+0.041%	$47K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2095	−0.066%	$557K	$1.8M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2099	+0.136%	$113.8M	$74.9M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ENAUSDT	+0.0100%	4h	0.2096	+0.013%	$1.4M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2095	−0.044%	$404K	$563K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2096	−0.026%	$127.4M	$425.5M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2093	−0.166%	$89.5M	$187.4M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2094	−0.104%	$21.0M	$106.5M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2107	+0.545%	$38K	$318K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2096	−0.004%	$77K	$281K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2096	−0.017%	$91K	$511	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2097	+0.048%	$12.7M	$27.0M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2097	+0.058%	$39.1M	$42.9M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2098	+0.106%	$24.7M	$15.8M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2095	−0.071%	$47.6M	$59.7M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2097	+0.053%	—	$31.4M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2098	+0.087%	$406K	$492K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2106	+0.484%	$3.0M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2099	+0.132%	$253K	$7.1M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2100	+0.177%	$362K	$4.8M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2109	+0.616%	$19K	$646K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2095	−0.037%	$185K	$2.6M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2047	−2.332%	$1K	$905K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2095	−0.052%	$3K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2099	+0.149%	$264K	$817K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2095	−0.052%	$1.8M	$8.8M	50x	as long as short
Extended ENA-USDlong	+0.0104%	1h	0.2096	long leg	$1.6M	$4.4M	50x
Aevo ENA-PERP	+0.0104%	1h	0.2095	−0.062%	$73K	$4K	3x	as long as short
Kraken Futures PF_ENAUSDshort	+0.0150%	1h	0.2096	−0.019%	$2.6M	$4.4M	50x
Phoenix ENA	+0.0190%	1h	0.2108	+0.588%	$8K	$273K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0306% / S −0.0754%	1h	0.2094	−0.078%	$58K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2094	−0.095%	$5.6M	$3.3M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2094	−0.088%	$1K	—	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0656%	1h	0.2099	+0.163%	$868K	$1.8M	50x	as long as short
dYdX ENA-USD	+0.0840%	1h	0.2096	+0.010%	$138K	$16K	5x	as long as short