ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0150%/8h= −16.4% APRnext payment −$0.19 per $10,000 · paid last 24h +0.060%

Price spread now: Polymarket Perps against Kraken Futures−0.035%7-day average −0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$470.471% of the position

Long on Kraken Futures Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.381%−$38 on $10k

Price spread, last 3 days (all we have)−0.192%−$19 · spread now −0.035%, 7d avg −0.044%

Together, before fees−0.573%−$57 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.044%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ENAUSD	0.2134	0.0250	pay 0.0031% / 1h	19m 34s	$2.7M	$4.5M	50x
Short	Polymarket Perps ENA-USD	0.2133	0.0100	get 0.0013% / 1h	19m 34s	$184K	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.035%Rate

Funding earned: −$31.48
Price spread: −0.035% → −0.044%: $0.91
Slippage, 4 orders: −$29.07
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$77.63
Costs to cover: 0.471%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 4 min ago; Polymarket Perps: live order book, 4 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, 4 min ago	11.02 bp	16.8 bp −$17	24.4 bp −$244	106.5 bp −$10.6K	doesn't fit
Sell Polymarket Perps live order book, 4 min ago	2.58 bp	6.6 bp −$7	7.2 bp −$72	doesn't fit	doesn't fit

ENA on 41 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
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2133	−0.063%	$80K	$1.6M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2133	−0.033%	$92K	—	150x	as long as short
dYdX ENA-USD	+0.0015%	1h	0.2132	−0.121%	$141K	$15K	5x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−0.504%	$522	$57K	5.5x	as long as short
Orderly PERP_ENA_USDC	+0.0037%	4h	0.2133	−0.054%	$44K	$28K	10x	as long as short
01 Exchange ENAUSD	+0.0096%	1h	0.2132	−0.110%	$4K	$302	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2131	−0.148%	$54K	$516K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2131	−0.150%	$685K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2134	+0.008%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2132	−0.081%	$417K	$543K	10x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ENAUSDT	+0.0100%	4h	0.2132	−0.114%	$132.0M	$443.1M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2131	−0.129%	$87.4M	$186.2M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2132	−0.096%	$20.9M	$107.8M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2135	+0.054%	$19K	$402K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2132	−0.101%	$79K	$289K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2135	+0.016%	$94K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2132	−0.110%	$11.0M	$21.6M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2132	−0.096%	$45.4M	$44.4M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2134	−0.026%	$24.7M	$16.4M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2131	−0.162%	$48.5M	$60.8M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2132	−0.115%	—	$6.5M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2135	+0.030%	$382K	$387K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2130	−0.173%	$3.8M	$10.2M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2130	−0.193%	$248K	$7.5M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2129	−0.242%	$352K	$4.8M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2129	−0.242%	$32K	$657K	50x	as long as short
Polymarket Perps ENA-USDshort	+0.0100%	1h	0.2133	−0.035%	$184K	$2.4M	10x
SunX ENA-USDT	+0.0100%	4h	0.2082	−2.444%	$1K	$854K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2133	−0.054%	$4K	$10K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2135	+0.030%	$275K	$864K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2133	−0.054%	$1.9M	$9.2M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2132	−0.122%	$48K	$110	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2133	−0.071%	$75K	$4K	3x	as long as short
Phoenix ENA	+0.0188%	1h	0.2129	−0.237%	$7K	$351K	10x	as long as short
Extended ENA-USD	+0.0224%	1h	0.2131	−0.146%	$1.6M	$4.1M	50x	as long as short
Kraken Futures PF_ENAUSDlong	+0.0250%	1h	0.2134	long leg	$2.7M	$4.5M	50x
GMX ENA/USD [ETH-USDC]	L +0.0251% / S −0.0206%	1h	0.2133	−0.044%	$51K	—	100x	as long as short
Lighter ENA	+0.0392%	1h	0.2137	+0.110%	$5.5M	$13.7M	10x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2133	−0.071%	$1K	$5K	15x	as long as short
Hyperliquid ENA	+0.0493%	1h	0.2137	+0.129%	$115.4M	$72.5M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0648%	1h	0.2136	+0.082%	$837K	$1.7M	50x	as long as short