ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0234%/8h= +25.6% APRnext payment +$0.29 per $10,000 · paid last 24h +0.051%

Price spread now: Nado against Kraken Futures+0.115%7-day average −0.073% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$410.406% of the position

Long on Kraken Futures Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.170%−$17 on $10k

Price spread, last 4 days (all we have)−0.715%−$71 · spread now +0.115%, 7d avg −0.073%

Together, before fees−0.884%+ Points / potential airdropNado: Active · farm board−$88 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Nado is 0.188% dearer against Kraken Futures than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of −0.073%. Mind the row above: over the last 4 days funding on this pair cost −0.170%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ENAUSD	0.2088	−0.0134	get 0.0017% / 1h	3m 37s	$2.6M	$3.0M	50x
Short	Nado ENA-PERP	0.2091	0.0100	get 0.0012% / 1h	3m 37s	$539K	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.115%Rate

Funding earned: $49.12
Price spread: +0.115% → −0.073%: $18.81
Slippage, 4 orders: −$23.65
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $27.29
Costs to cover: 0.406%
Break-even: 3.1 days

Slippage from Kraken Futures: live order book, 3 min ago; Nado: live order book, 3 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, 3 min ago	4.79 bp	9.8 bp −$10	20.6 bp −$206	84.5 bp −$8,446	doesn't fit
Sell Nado live order book, 3 min ago	0.96 bp	5.7 bp −$6	14.7 bp −$147	doesn't fit	doesn't fit

ENA on 42 exchanges

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	−0.0179%	4h	0.2087	−0.057%	$43K	$16K	10x	as long as short
01 Exchange ENAUSD	−0.0160%	1h	0.2089	+0.029%	$4K	$60	10x	as long as short
Kraken Futures PF_ENAUSDlong	−0.0134%	1h	0.2088	long leg	$2.6M	$3.0M	50x
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2088	+0.005%	$53K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2089	+0.059%	$81K	—	150x	as long as short
Bitget ENAUSDT	+0.0018%	4h	0.2087	−0.057%	$47.5M	$55.3M	75x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2122	+1.619%	$734	$57K	5.5x	as long as short
Lighter ENA	+0.0096%	1h	0.2090	+0.087%	$5.0M	$13.2M	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2088	−0.004%	$55K	$386K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2087	−0.035%	$47K	—	10x	as long as short

Show all 42 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado ENA-PERPshort	+0.0100%	1h	0.2091	+0.115%	$539K	$1.7M	10x
Hyperliquid ENA	+0.0100%	1h	0.2090	+0.087%	$111.9M	$74.3M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2089	+0.044%	$1.3M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2088	+0.003%	$379K	$497K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2088	+0.010%	$124.5M	$402.1M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2088	+0.010%	$83.8M	$183.0M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2088	+0.005%	$20.5M	$97.3M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2085	−0.143%	$32K	$315K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2089	+0.044%	$77K	$219K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2088	+0.002%	$102K	$11K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2088	−0.009%	$14.1M	$27.7M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2088	−0.004%	$43.3M	$42.3M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2089	+0.067%	$24.8M	$14.6M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2088	+0.005%	—	$29.4M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2089	+0.063%	$404K	$468K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2088	+0.019%	$2.8M	$7.6M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2087	−0.066%	$239K	$6.6M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2088	−0.025%	$354K	$4.2M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2088	−0.004%	$18K	$650K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2089	+0.034%	$116K	$2.6M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2039	−2.346%	$951	$929K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2088	−0.004%	$6K	$5K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2092	+0.182%	$269K	$769K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2089	+0.044%	$1.8M	$9.1M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2087	−0.037%	$1.6M	$4.5M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2088	+0.006%	$73K	$4K	3x	as long as short
Phoenix ENA	+0.0113%	1h	0.2090	+0.101%	$13K	$278K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0304% / S −0.0754%	1h	0.2089	+0.066%	$57K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2088	−0.019%	$5.4M	$3.4M	75x	as long as short
Reya ENARUSDPERP	+0.0411%	1h	0.2087	−0.050%	$1K	—	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0480%	1h	0.2092	+0.211%	$765K	$1.8M	50x	as long as short
dYdX ENA-USD	+0.0919%	1h	0.2087	−0.042%	$138K	$16K	5x	as long as short