ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0186%/8h= +20.4% APRnext payment +$0.23 per $10,000 · paid last 24h −0.058%

Price spread now: Kraken Futures against Ondo Perps−0.127%7-day average +0.030% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Ondo Perps Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.155%+$16 on $10k

Price spread, last 4 days (all we have)+1.118%+$112 · spread now −0.127%, 7d avg +0.030%

Together, before fees+1.273%+ Points / potential airdropOndo Perps: Active · farm board+$127 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.157% cheaper against Ondo Perps than usual: you would sell low and buy high (spread −0.127% now, against its 7-day average of +0.030%). If the spread goes back, that is −$16 on $10k: about 2.8 days of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.155% in total) that is about 7.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps ENA-USD.P	0.2107	0.0100	pay 0.0013% / 1h	28m 19s	$19K	$364K	5x
Short	Kraken Futures PF_ENAUSD	0.2105	0.0286	get 0.0036% / 1h	28m 19s	$2.6M	$4.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Ondo Perps. 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 Ondo PerpsbpFee Kraken FuturesbpOrdersPrice spread, now −0.127%Rate

Funding earned: $39.12
Price spread: −0.127% → +0.030%: −$15.71
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $8.41
Costs to cover: 0.150%
Break-even: 5.5 days

Slippage unknown: Ondo Perps: no order-book sample; Kraken Futures: live order book, 6 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 6 min ago	6.84 bp	28.4 bp −$28	38.2 bp −$382	136.6 bp −$13.7K	doesn't fit

Ondo Perps: 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
Orderly PERP_ENA_USDC	−0.0011%	4h	0.2107	−0.047%	$44K	$26K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2107	−0.033%	$79K	$1.3M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2107	−0.027%	$82K	—	150x	as long as short
01 Exchange ENAUSD	+0.0008%	1h	0.2106	−0.066%	$4K	$302	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.754%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2106	−0.071%	$55K	$497K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2106	−0.066%	$680K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2109	+0.076%	$113.3M	$71.4M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2108	+0.015%	$1.5M	$3.0M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2107	−0.010%	$412K	$506K	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	0.2107	−0.046%	$129.2M	$419.7M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2106	−0.052%	$86.3M	$175.3M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2107	−0.024%	$20.7M	$102.2M	50x	as long as short
Ondo Perps ENA-USD.Plong	+0.0100%	1h	0.2107	long leg	$19K	$364K	5x
Arcus ENA-USD	+0.0100%	1h	0.2107	−0.024%	$78K	$288K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2115	+0.356%	$93K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2107	−0.019%	$11.0M	$21.3M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2107	−0.033%	$45.3M	$41.9M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2108	+0.033%	$24.5M	$15.7M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2104	−0.161%	$48.0M	$57.7M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2107	−0.033%	—	$32.2M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2110	+0.114%	$373K	$363K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2113	+0.238%	$3.4M	$10.2M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2118	+0.478%	$244K	$7.4M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2113	+0.264%	$357K	$4.9M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2113	+0.261%	$22K	$652K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2107	−0.024%	$183K	$2.3M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2057	−2.387%	$1K	$840K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2105	−0.119%	$3K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2113	+0.256%	$276K	$781K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2110	+0.119%	$1.9M	$8.9M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2106	−0.056%	$47K	$110	10x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2104	−0.144%	$1.6M	$4.1M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2106	−0.071%	$74K	$4K	3x	as long as short
dYdX ENA-USD	+0.0130%	1h	0.2108	+0.032%	$139K	$15K	5x	as long as short
Phoenix ENA	+0.0150%	1h	0.2116	+0.384%	$8K	$298K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0251% / S −0.0206%	1h	0.2107	−0.024%	$50K	—	100x	as long as short
Kraken Futures PF_ENAUSDshort	+0.0286%	1h	0.2105	−0.127%	$2.6M	$4.3M	50x
BloFin ENA-USDT	+0.0340%	4h	0.2110	+0.119%	$5.6M	$3.1M	75x	as long as short
Lighter ENA	+0.0384%	1h	0.2110	+0.100%	$5.5M	$13.6M	10x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2106	−0.056%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0664%	1h	0.2118	+0.479%	$833K	$1.5M	50x	as long as short