Funding you earn now, next payment 06:00 UTC+0.0583%/8h= +63.8% APRnext payment +$0.73 per $10,000 · paid last 24h +0.167%
Price spread now: Coinbase International against Injective+3.085%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.329%+$33 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Coinbase International is 3.085% dearer against Injective than usual: you sell high and buy low: +$308 more if the spread goes back to zero (this spread has no 7-day history yet).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.329% in total (about 17.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.73 per $10,000. 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 | Injective ENA/USDC PERP | 0.2123 | 0.0033 | pay 0.0004% / 1h | 56m 34s | $522 | $57K | 5.5x |
| Short | Coinbase International ENA-PERP-INTX | 0.2189 | 0.0616 | get 0.0077% / 1h | 56m 34s | $900K | $1.8M | 50x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Injective. 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
- $122.36
- Price spread: +3.085% → 0.000%
- $308.47
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $420.81
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Coinbase International: live order book, 2 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 Coinbase International live order book, 2 min ago | 12.35 bp | 30.0 bp −$30 | 35.5 bp −$355 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ENA_USDC | −0.0142% | 4h | 0.2175 | +2.449% | $45K | $26K | 10x | as long as short |
| Deribit ENA_USDC-PERPETUAL | −0.0118% | 1h | 0.2176 | +2.472% | $68K | $1.1M | 50x | as long as short |
| dYdX ENA-USD | 0.0000% | 1h | 0.2174 | +2.362% | $144K | $16K | 5x | as long as short |
| gTrade (Gains Network) ENA/USD | L +0.0004% / S −0.0004% | 1h | 0.2177 | +2.540% | $84K | — | 150x | as long as short |
| 01 Exchange ENAUSD | +0.0024% | 1h | 0.2173 | +2.326% | $4K | $277 | 10x | as long as short |
| Injective ENA/USDC PERPlong | +0.0033% | 1h | 0.2123 | long leg | $522 | $57K | 5.5x | |
| Popdex ENAUSDT | +0.0096% | 1h | 0.2172 | +2.289% | $57K | $484K | 50x | as long as short |
| Nado ENA-PERP | +0.0100% | 1h | 0.2172 | +2.282% | $575K | $1.8M | 10x | as long as short |
| Hyperliquid ENA | +0.0100% | 1h | 0.2172 | +2.293% | $117.8M | $76.1M | 10x | as long as short |
| Aster ENAUSDT | +0.0100% | 4h | 0.2174 | +2.382% | $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 | 0.2173 | +2.346% | $408K | $532K | 10x | as long as short |
| Binance ENAUSDT | +0.0100% | 4h | 0.2171 | +2.260% | $131.4M | $427.8M | 75x | as long as short |
| Bybit ENAUSDT | +0.0100% | 4h | 0.2170 | +2.185% | $87.0M | $180.3M | 50x | as long as short |
| OKX ENA-USDT-SWAP | +0.0100% | 4h | 0.2171 | +2.256% | $21.8M | $110.0M | 50x | as long as short |
| Ondo Perps ENA-USD.P | +0.0100% | 1h | 0.2183 | +2.816% | $21K | $326K | 5x | as long as short |
| Arcus ENA-USD | +0.0100% | 1h | 0.2173 | +2.336% | $80K | $281K | 10x | as long as short |
| Bulk ENA-USD | +0.0100% | 1h | 0.2172 | +2.286% | $95K | $511 | 10x | as long as short |
| Gate ENA_USDT | +0.0100% | 4h | 0.2173 | +2.322% | $12.4M | $25.6M | 50x | as long as short |
| MEXC ENA_USDT | +0.0100% | 4h | 0.2171 | +2.232% | $48.5M | $41.7M | 200x | as long as short |
| KuCoin ENAUSDTM | +0.0100% | 4h | 0.2173 | +2.317% | $25.3M | $15.8M | 75x | as long as short |
| Bitget ENAUSDT | +0.0100% | 4h | 0.2169 | +2.143% | $49.3M | $59.4M | 75x | as long as short |
| BingX ENA-USDC | +0.0100% | 4h | 0.2173 | +2.350% | — | $6.5M | — | as long as short |
| Variational Omni ENA | +0.0100% | 4h | 0.2168 | +2.122% | $3.1M | $10.1M | — | as long as short |
| edgeX ENAUSDC | +0.0100% | 4h | 0.2172 | +2.268% | $256K | $7.0M | 20x | as long as short |
| GRVT ENA_USDT_Perp | +0.0100% | 4h | 0.2170 | +2.180% | $363K | $5.0M | 10x | as long as short |
| ApeX Omni ENAUSDT | +0.0100% | 1h | 0.2170 | +2.195% | $20K | $651K | 50x | as long as short |
| Polymarket Perps ENA-USD | +0.0100% | 1h | 0.2172 | +2.298% | $208K | $2.6M | 10x | as long as short |
| SunX ENA-USDT | +0.0100% | 4h | 0.2121 | −0.094% | $1K | $894K | 20x | as long as short |
| SoDEX ENA-USD | +0.0100% | 1h | 0.2174 | +2.383% | $4K | $7K | 10x | as long as short |
| HTX ENA-USDT | +0.0100% | 4h | 0.2182 | +2.746% | $273K | $806K | 50x | as long as short |
| Phemex ENAUSDT | +0.0100% | 4h | 0.2173 | +2.336% | $1.8M | $8.9M | 50x | as long as short |
| Paradex ENA-USD-PERP | +0.0100% | 8h | 0.2173 | +2.320% | $49K | $110 | 10x | as long as short |
| Extended ENA-USD | +0.0104% | 1h | 0.2172 | +2.312% | $1.6M | $4.2M | 50x | as long as short |
| Aevo ENA-PERP | +0.0104% | 1h | 0.2176 | +2.476% | $76K | $4K | 3x | as long as short |
| Phoenix ENA | +0.0153% | 1h | 0.2175 | +2.439% | $8K | $259K | 10x | as long as short |
| Lighter ENA | +0.0160% | 1h | 0.2175 | +2.444% | $5.2M | $13.2M | 10x | as long as short |
| GMX ENA/USD [ETH-USDC] | L +0.0310% / S −0.0753% | 1h | 0.2177 | +2.530% | $60K | — | 100x | as long as short |
| BloFin ENA-USDT | +0.0340% | 4h | 0.2176 | +2.477% | $5.7M | $3.3M | 75x | as long as short |
| Reya ENARUSDPERP | +0.0412% | 1h | 0.2171 | +2.230% | $1K | $5K | 15x | as long as short |
| Kraken Futures PF_ENAUSD | +0.0434% | 1h | 0.2174 | +2.387% | $2.7M | $4.3M | 50x | as long as short |
| Coinbase International ENA-PERP-INTXshort | +0.0616% | 1h | 0.2189 | +3.085% | $900K | $1.8M | 50x | |
| Backpack ENA_USDC_PERP | +0.0834% | 1h | 0.2174 | +2.402% | $398K | $424K | 5x | as long as short |
Injective ENA/USDC PERP
Coinbase International ENA-PERP-INTX
Deribit ENA_USDC-PERPETUAL
gTrade (Gains Network) ENA/USD
01 Exchange ENAUSD
Popdex ENAUSDT
Hyperliquid ENA
Aster ENAUSDT
Pacifica ENA
Binance ENAUSDT
Bybit ENAUSDT
OKX ENA-USDT-SWAP
Bulk ENA-USD
Gate ENA_USDT
MEXC ENA_USDT
KuCoin ENAUSDTM
Bitget ENAUSDT
BingX ENA-USDC
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
Phoenix ENA
Lighter ENA
GMX ENA/USD [ETH-USDC]
BloFin ENA-USDT
Kraken Futures PF_ENAUSD
Backpack ENA_USDC_PERP