ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0115%/8h= +12.6% APRnext payment +$0.14 per $10,000 · paid last 24h −0.042%

Price spread now: Kraken Futures against Injective−0.633%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 Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.015%+$2 on $10k

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

Together, before fees—needs both histories

Funding pays, the price is against you. Kraken Futures is 0.633% cheaper against Injective than usual: you would sell low and buy high (spread −0.633% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$63 on $10k: about 18 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.015% in total) that is about 10 months. 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	11m 45s	$522	$57K	5.5x
Short	Kraken Futures PF_ENAUSD	0.2110	0.0149	get 0.0019% / 1h	11m 45s	$2.6M	$4.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.633%Rate

Funding earned: $24.25
Price spread: −0.633% → 0.000%: −$63.26
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$49.03
Costs to cover: 0.100%
Break-even: 21.2 days

Slippage unknown: Injective: no order-book sample; Kraken Futures: 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 Kraken Futures live order book, 2 min ago	8.53 bp	14.4 bp −$14	24.5 bp −$245	181.0 bp −$18.1K	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	−0.0085%	4h	0.2108	−0.716%	$44K	$17K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2109	−0.683%	$54K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2109	−0.681%	$81K	—	150x	as long as short
01 Exchange ENAUSD	+0.0032%	1h	0.2109	−0.673%	$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	0.2108	−0.725%	$53K	$484K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2108	−0.726%	$47K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2108	−0.716%	$564K	$1.8M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2110	−0.626%	$114.4M	$74.7M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2109	−0.671%	$1.4M	$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	0.2109	−0.656%	$407K	$563K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2108	−0.716%	$128.3M	$424.9M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2109	−0.702%	$90.5M	$187.4M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2109	−0.688%	$21.1M	$106.9M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2109	−0.683%	$33K	$312K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2109	−0.678%	$78K	$281K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2105	−0.867%	$92K	$511	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2109	−0.702%	$13.0M	$27.3M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2108	−0.730%	$39.5M	$43.2M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2109	−0.669%	$24.8M	$15.8M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2107	−0.786%	$47.8M	$59.7M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2107	−0.749%	—	$6.5M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2109	−0.664%	$408K	$483K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2105	−0.847%	$3.0M	$9.9M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2108	−0.746%	$254K	$7.1M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2108	−0.729%	$356K	$4.7M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2109	−0.678%	$19K	$646K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2109	−0.659%	$181K	$2.6M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2058	−3.085%	$1K	$908K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2109	−0.678%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2113	−0.490%	$266K	$808K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2108	−0.725%	$1.8M	$8.9M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2107	−0.776%	$1.6M	$4.4M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2109	−0.697%	$74K	$4K	3x	as long as short
Lighter ENA	+0.0112%	1h	0.2110	−0.617%	$5.0M	$13.9M	10x	as long as short
Kraken Futures PF_ENAUSDshort	+0.0149%	1h	0.2110	−0.633%	$2.6M	$4.4M	50x
Phoenix ENA	+0.0190%	1h	0.2111	−0.575%	$13K	$273K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0306% / S −0.0754%	1h	0.2109	−0.699%	$58K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2110	−0.640%	$5.5M	$3.4M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2108	−0.706%	$1K	—	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0656%	1h	0.2098	−1.201%	$867K	$1.8M	50x	as long as short
dYdX ENA-USD	+0.0888%	1h	0.2109	−0.689%	$139K	$16K	5x	as long as short