ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0146%/8h= −16.0% APRnext payment −$0.18 per $10,000 · paid last 24h +0.058%

Price spread now: Popdex against Kraken Futures−0.140%7-day average −0.085% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$590.587% of the position

Long on Kraken Futures Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.162%−$16 on $10k

Price spread, last 4 days (all we have)−0.498%−$50 · spread now −0.140%, 7d avg −0.085%

Together, before fees−0.660%−$66 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Popdex is 0.055% cheaper against Kraken Futures than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.085%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ENAUSD	0.2118	0.0242	pay 0.0030% / 1h	14m 01s	$2.6M	$4.3M	50x
Short	Popdex ENAUSDT	0.2115	0.0096	get 0.0012% / 1h	14m 01s	$56K	$475K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now −0.140%Rate

Funding earned: −$30.72
Price spread: −0.140% → −0.085%: −$5.5
Slippage, 4 orders: −$42.33
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$94.95
Costs to cover: 0.587%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 5 min ago; Popdex: live order book, 45 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	9.92 bp	18.4 bp −$18	25.0 bp −$250	95.3 bp −$9,533	doesn't fit
Sell Popdex live order book, 45 min ago	1.89 bp	9.5 bp −$9	81.9 bp −$819	doesn't fit	doesn't fit

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	−0.0132%	1h	0.2117	−0.065%	$363K	$398K	5x	as long as short
Orderly PERP_ENA_USDC	−0.0072%	4h	0.2114	−0.164%	$44K	$25K	10x	as long as short
01 Exchange ENAUSD	−0.0048%	1h	0.2116	−0.074%	$4K	$302	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2116	−0.107%	$74K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2116	−0.114%	$82K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.256%	$522	$57K	5.5x	as long as short
Phoenix ENA	+0.0076%	1h	0.2119	+0.049%	$8K	$266K	10x	as long as short
Popdex ENAUSDTshort	+0.0096%	1h	0.2115	−0.140%	$56K	$475K	50x
Paradex ENA-USD-PERP	+0.0100%	8h	0.2117	−0.068%	$47K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2116	−0.074%	$661K	$1.7M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ENAUSDT	+0.0100%	4h	0.2116	−0.088%	$1.5M	$3.2M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2117	−0.052%	$404K	$517K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2115	−0.140%	$128.8M	$416.4M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2115	−0.140%	$85.4M	$175.4M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2116	−0.103%	$21.0M	$104.0M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2112	−0.287%	$18K	$319K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2116	−0.093%	$79K	$276K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2116	−0.102%	$93K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2115	−0.117%	$11.1M	$22.2M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2115	−0.150%	$46.1M	$41.6M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2117	−0.055%	$24.6M	$15.5M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2113	−0.249%	$48.0M	$57.7M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2116	−0.107%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2115	−0.160%	$3.0M	$10.0M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2117	−0.058%	$245K	$6.9M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2118	−0.006%	$350K	$5.0M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2120	+0.096%	$20K	$648K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2117	−0.051%	$179K	$2.3M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2065	−2.511%	$1K	$848K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2116	−0.093%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2119	+0.044%	$274K	$796K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2116	−0.093%	$1.8M	$8.8M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2114	−0.194%	$1.6M	$4.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2115	−0.139%	$74K	$4K	3x	as long as short
Hyperliquid ENA	+0.0132%	1h	0.2119	+0.039%	$115.4M	$75.1M	10x	as long as short
Lighter ENA	+0.0168%	1h	0.2118	−0.003%	$5.2M	$13.5M	10x	as long as short
dYdX ENA-USD	+0.0175%	1h	0.2115	−0.126%	$140K	$15K	5x	as long as short
Kraken Futures PF_ENAUSDlong	+0.0242%	1h	0.2118	long leg	$2.6M	$4.3M	50x
GMX ENA/USD [ETH-USDC]	L +0.0306% / S −0.0358%	1h	0.2116	−0.109%	$70K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2117	−0.070%	$5.6M	$3.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2115	−0.133%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0632%	1h	0.2118	+0.011%	$866K	$1.7M	50x	as long as short