ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0107%/8h= −11.8% APRnext payment −$0.13 per $10,000 · paid last 24h −0.014%

Price spread now: Backpack against Injective−1.337%7-day average — · you buy dearer than you sell

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

Long on Injective Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days−0.139%−$14 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Backpack is 1.337% cheaper against Injective than usual: you would sell low and buy high (−$134 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective ENA/USDC PERP	0.2123	0.0033	pay 0.0004% / 1h	32m 58s	$522	$57K	5.5x
Short	Backpack ENA_USDC_PERP	0.2095	−0.0074	pay 0.0009% / 1h	32m 58s	$361K	$481K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Injective. 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 InjectivebpFee BackpackbpOrdersPrice spread, now −1.337%Rate

Funding earned: −$22.54
Price spread: −1.337% → 0.000%: −$133.75
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$166.31
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Backpack: live order book, 51 min ago. 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 Injective no order-book sample	—	—	—	—	—
Sell Backpack live order book, 51 min ago	0.24 bp	8.2 bp −$8	40.9 bp −$409	doesn't fit	doesn't fit

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_PERPshort	−0.0074%	1h	0.2095	−1.337%	$361K	$481K	5x
Orderly PERP_ENA_USDC	−0.0063%	4h	0.2093	−1.418%	$40K	$24K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2094	−1.361%	$93K	$1.8M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2095	−1.337%	$96K	—	150x	as long as short
Injective ENA/USDC PERPlong	+0.0033%	1h	0.2123	long leg	$522	$57K	5.5x
Kraken Futures PF_ENAUSD	+0.0066%	1h	0.2096	−1.295%	$2.6M	$5.6M	50x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2095	−1.337%	$61K	$535K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2096	−1.284%	$47K	$221	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2096	−1.309%	$658K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2094	−1.369%	$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	0.2096	−1.272%	$406K	$581K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2092	−1.457%	$128.9M	$457.9M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2091	−1.521%	$87.0M	$191.3M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2091	−1.507%	$20.2M	$112.0M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2094	−1.375%	$15K	$411K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2097	−1.243%	$82K	$222K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2098	−1.203%	$88K	$1K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2092	−1.474%	$10.4M	$21.2M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2092	−1.474%	$45.1M	$46.8M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2095	−1.347%	$23.9M	$16.5M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2090	−1.568%	$47.3M	$65.2M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2092	−1.474%	—	$32.9M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2091	−1.535%	$3.8M	$10.4M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2092	−1.483%	$248K	$7.8M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2093	−1.439%	$353K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2093	−1.432%	$32K	$712K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2095	−1.328%	$188K	$2.7M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2044	−3.720%	$1K	$814K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2094	−1.385%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2097	−1.248%	$272K	$1.5M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2094	−1.385%	$1.9M	$9.2M	50x	as long as short
01 Exchange ENAUSD	+0.0104%	1h	0.2097	−1.253%	$4K	$432	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2094	−1.370%	$77K	$11K	3x	as long as short
Phoenix ENA	+0.0115%	1h	0.2095	−1.356%	$5K	$356K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0230% / S −0.0387%	1h	0.2094	−1.369%	$38K	—	100x	as long as short
Extended ENA-USD	+0.0288%	1h	0.2091	−1.507%	$1.6M	$4.2M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2094	−1.370%	$5.5M	$8.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2094	−1.367%	$1K	$5K	15x	as long as short
Lighter ENA	+0.0504%	1h	0.2096	−1.276%	$5.6M	$12.9M	10x	as long as short
Hyperliquid ENA	+0.0568%	1h	0.2097	−1.239%	$110.8M	$79.6M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0576%	1h	0.2101	−1.045%	$808K	$2.1M	50x	as long as short
dYdX ENA-USD	+0.1904%	1h	0.2095	−1.330%	$138K	$15K	5x	as long as short