ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0033%/8h= −3.6% APRnext payment −$0.04 per $10,000 · paid last 24h −0.009%

Price spread now: Deribit against Injective−0.372%63s7-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 Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.296%−$30 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 −$1 a day on $10k at the current rate, and Deribit is 0.372% cheaper against Injective than usual: you would sell low and buy high (−$37 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 63 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	Injective ENA/USDC PERP	0.2123	0.0033	pay 0.0004% / 1h	33m 33s	$522	$57K	5.5x
Short	Deribit ENA_USDC-PERPETUAL	0.2115	0	get 0.0000% / 1h	33m 33s	$73K	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.372%Rate

Funding earned: −$7
Price spread: −0.372% → 0.000%: −$37.2
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$51.22
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Deribit: live order book, just now. 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 Deribit live order book, just now	4.26 bp	9.6 bp −$10	17.5 bp −$175	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	−0.0143%	4h	0.2115	−0.377%	$44K	$25K	10x	as long as short
Deribit ENA_USDC-PERPETUALshort	0.0000%	1h	0.2115	−0.372%	$73K	$1.1M	50x
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2116	−0.372%	$82K	—	150x	as long as short
Gate ENA_USDT	+0.0006%	4h	0.2113	−0.504%	$11.1M	$23.6M	50x	as long as short
01 Exchange ENAUSD	+0.0008%	1h	0.2116	−0.367%	$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	0.2112	−0.537%	$57K	$468K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2113	−0.511%	$47K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2117	−0.320%	$656K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2115	−0.396%	$114.9M	$74.3M	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	0.2115	−0.406%	$1.4M	$3.2M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2114	−0.451%	$397K	$525K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2113	−0.466%	$128.1M	$417.6M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2114	−0.457%	$85.5M	$175.2M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2114	−0.462%	$21.1M	$104.1M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2118	−0.268%	$20K	$323K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2115	−0.396%	$79K	$276K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2112	−0.537%	$93K	−$0	10x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2114	−0.452%	$46.7M	$41.0M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2114	−0.424%	$24.6M	$15.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2112	−0.537%	$48.0M	$57.9M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2113	−0.485%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2122	−0.084%	$3.1M	$10.0M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2116	−0.332%	$243K	$6.9M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2118	−0.254%	$353K	$5.0M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2118	−0.254%	$20K	$649K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2116	−0.330%	$189K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2065	−2.755%	$1K	$870K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2115	−0.396%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2122	−0.042%	$268K	$797K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2115	−0.396%	$1.8M	$8.9M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2112	−0.533%	$1.6M	$4.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2115	−0.372%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0153%	1h	0.2121	−0.122%	$8K	$278K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0162%	1h	0.2117	−0.320%	$2.6M	$4.3M	50x	as long as short
Lighter ENA	+0.0216%	1h	0.2116	−0.363%	$5.2M	$13.0M	10x	as long as short
dYdX ENA-USD	+0.0304%	1h	0.2114	−0.461%	$140K	$16K	5x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0307% / S −0.0358%	1h	0.2115	−0.379%	$70K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2128	+0.212%	$5.6M	$3.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2115	−0.385%	$1K	$5K	15x	as long as short
Backpack ENA_USDC_PERP	+0.0596%	1h	0.2115	−0.386%	$358K	$403K	5x	as long as short
Coinbase International ENA-PERP-INTX	+0.0704%	1h	0.2131	+0.348%	$872K	$1.7M	50x	as long as short