ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0033%/8h= +3.7% APRnext payment +$0.04 per $10,000 · paid last 24h +0.708%

Price spread now: dYdX against Kraken Futures−0.115%7-day average −0.091% · you buy dearer than you sell

Net, funding: paid 7d − costs−$452as in the Funding arb table

Net, price: spread back to 7d avg − costs−$544as in the Price arb table

costs, in and out, $10k−$5425.416% of the position

Long on Kraken Futures Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.899%+$90 on $10k

Price spread, last 4 days (all we have)−0.317%−$32 · spread now −0.115%, 7d avg −0.091%

Together, before fees+0.581%+$58 on $10k · with fees, hour by hour

Funding pays, the price is against you. dYdX is 0.024% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.115% now, against its 7-day average of −0.091%). If the spread goes back, that is −$2 on $10k: about 2.3 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.899% in total) that is about 4 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ENAUSD	0.2174	0.0158	pay 0.0020% / 1h	3m 22s	$2.7M	$4.3M	50x
Short	dYdX ENA-USD	0.2172	0.0191	get 0.0024% / 1h	3m 22s	$143K	$16K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Kraken Futures. 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 Kraken FuturesbpFee dYdXbpOrdersPrice spread, now −0.115%Rate

Funding earned: $7.01
Price spread: −0.115% → −0.091%: −$2.35
Slippage, 4 orders: −$521.64
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$536.98
Costs to cover: 5.416%
Break-even: 543.0 days

Slippage from Kraken Futures: live order book, 5 min ago; dYdX: live order book, 46 min ago.

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 Kraken Futures live order book, 5 min ago	10.33 bp	19.2 bp −$19	27.2 bp −$272	92.0 bp −$9,197	doesn't fit
Sell dYdX live order book, 46 min ago	145.57 bp	322.7 bp −$323	626.1 bp −$6,261	1159.1 bp −$115.9K	1803.7 bp −$901.9K

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	−0.0141%	4h	0.2171	−0.140%	$45K	$26K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2172	−0.099%	$67K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2171	−0.140%	$84K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−2.343%	$522	$57K	5.5x	as long as short
01 Exchange ENAUSD	+0.0040%	1h	0.2172	−0.117%	$4K	$277	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2171	−0.154%	$55K	$477K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2171	−0.147%	$577K	$1.8M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2173	−0.076%	$117.8M	$75.9M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2172	−0.114%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2172	−0.117%	$408K	$532K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ENAUSDT	+0.0100%	4h	0.2172	−0.113%	$131.5M	$426.7M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2172	−0.117%	$87.6M	$179.1M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2173	−0.067%	$21.7M	$109.6M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2175	+0.021%	$21K	$327K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2172	−0.108%	$80K	$281K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2182	+0.329%	$96K	−$0	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2170	−0.205%	$11.5M	$24.8M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2171	−0.150%	$48.3M	$42.2M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2172	−0.090%	$25.3M	$15.7M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2170	−0.205%	$49.3M	$59.3M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2171	−0.136%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2182	+0.336%	$3.1M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2179	+0.197%	$257K	$7.0M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2179	+0.202%	$364K	$5.0M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2178	+0.168%	$20K	$650K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2172	−0.127%	$192K	$2.5M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2119	−2.564%	$954	$893K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2172	−0.108%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2182	+0.338%	$273K	$806K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2172	−0.108%	$1.8M	$8.9M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2171	−0.145%	$49K	$110	10x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2171	−0.138%	$1.6M	$4.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2172	−0.127%	$76K	$4K	3x	as long as short
Phoenix ENA	+0.0153%	1h	0.2176	+0.090%	$8K	$278K	10x	as long as short
Kraken Futures PF_ENAUSDlong	+0.0158%	1h	0.2174	long leg	$2.7M	$4.3M	50x
dYdX ENA-USDshort	+0.0191%	1h	0.2172	−0.115%	$143K	$16K	5x
Lighter ENA	+0.0240%	1h	0.2174	−0.030%	$5.2M	$13.4M	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0310% / S −0.0753%	1h	0.2171	−0.156%	$60K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2179	+0.205%	$5.6M	$3.3M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2171	−0.173%	$1K	$5K	15x	as long as short
Backpack ENA_USDC_PERP	+0.0542%	1h	0.2175	+0.048%	$398K	$423K	5x	as long as short
Coinbase International ENA-PERP-INTX	+0.0704%	1h	0.2178	+0.149%	$894K	$1.8M	50x	as long as short