ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0063%/8h= +6.9% APRnext payment +$0.08 per $10,000 · paid last 24h +0.022%

Price spread now: Popdex against Injective−1.055%46s7-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 Popdex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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. Popdex is 1.055% cheaper against Injective than usual: you would sell low and buy high (spread −1.055% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$105 on $10k: about 56 days of funding at the current rate (+$2 a day). The two prices were read 46 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	23m 44s	$522	$57K	5.5x
Short	Popdex ENAUSDT	0.2101	0.0096	get 0.0012% / 1h	23m 44s	$56K	$465K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now −1.055%Rate

Funding earned: $13.16
Price spread: −1.055% → 0.000%: −$105.49
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$98.75
Costs to cover: 0.064%
Break-even: 59.5 days

Slippage unknown: Injective: no order-book sample; Popdex: live order book, 30 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 Popdex live order book, 30 min ago	1.42 bp	10.3 bp −$10	101.8 bp −$1,018	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_PERP	−0.0114%	1h	0.2100	−1.107%	$358K	$402K	5x	as long as short
Orderly PERP_ENA_USDC	−0.0111%	4h	0.2099	−1.130%	$44K	$26K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2100	−1.093%	$73K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2101	−1.072%	$81K	—	150x	as long as short
01 Exchange ENAUSD	+0.0032%	1h	0.2101	−1.036%	$4K	$277	10x	as long as short
Injective ENA/USDC PERPlong	+0.0033%	1h	0.2123	long leg	$522	$57K	5.5x
Popdex ENAUSDTshort	+0.0096%	1h	0.2101	−1.055%	$56K	$465K	50x
Paradex ENA-USD-PERP	+0.0100%	8h	0.2100	−1.084%	$47K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2101	−1.045%	$653K	$1.7M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2101	−1.058%	$1.4M	$3.2M	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	0.2101	−1.043%	$400K	$513K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2100	−1.083%	$127.4M	$413.5M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2101	−1.074%	$85.0M	$174.4M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2101	−1.036%	$20.9M	$103.2M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2109	−0.702%	$22K	$334K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2102	−1.008%	$78K	$276K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2098	−1.196%	$92K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2099	−1.130%	$11.2M	$22.4M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2100	−1.083%	$45.5M	$41.0M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2101	−1.064%	$24.8M	$15.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2099	−1.149%	$47.6M	$57.6M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2100	−1.102%	—	$31.7M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2100	−1.113%	$3.0M	$10.0M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2102	−0.992%	$241K	$6.8M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2107	−0.780%	$349K	$5.0M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2102	−1.008%	$20K	$652K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2101	−1.041%	$191K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2050	−3.457%	$943	$854K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2100	−1.102%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2105	−0.848%	$272K	$790K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2100	−1.102%	$1.7M	$8.9M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2099	−1.155%	$1.6M	$4.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2100	−1.121%	$73K	$4K	3x	as long as short
Phoenix ENA	+0.0113%	1h	0.2102	−0.984%	$8K	$274K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0174%	1h	0.2101	−1.051%	$2.6M	$4.3M	50x	as long as short
Hyperliquid ENA	+0.0187%	1h	0.2103	−0.970%	$114.2M	$74.0M	10x	as long as short
Lighter ENA	+0.0200%	1h	0.2102	−0.984%	$5.2M	$13.3M	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0306% / S −0.0358%	1h	0.2101	−1.068%	$70K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2102	−1.017%	$5.5M	$3.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2100	−1.104%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0656%	1h	0.2107	−0.768%	$862K	$1.7M	50x	as long as short
dYdX ENA-USD	+0.1103%	1h	0.2101	−1.064%	$139K	$15K	5x	as long as short