Funding you earn now, next payment 22:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h −0.026%
Price spread now: Injective against Polymarket Perps+1.681%51s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.409%+$41 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Injective is 1.681% dearer against Polymarket Perps than usual: you sell high and buy low (spread +1.681% now, against zero (this spread has no 7-day history yet)): +$168 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3 months. Mind the row above: over the last 7 days funding on this pair paid +0.409%, so the current rate has only just turned against you. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps ENA-USD | 0.2088 | 0.0100 | pay 0.0013% / 1h | 8m 03s | $182K | $2.9M | 10x |
| Short | Injective ENA/USDC PERP | 0.2123 | 0.0033 | get 0.0004% / 1h | 8m 03s | $522 | $57K | 5.5x |
Polymarket Perps ENA-USD
Injective ENA/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Polymarket Perps. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$14
- Price spread: +1.681% → 0.000%
- $168.08
- Slippage, 4 orders
- no order book: not counted
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $146.06
- Costs to cover
- 0.080%
- Break-even
- from the start
Slippage unknown: Polymarket Perps: live order book, 6 min ago; Injective: no order-book sample. 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 Polymarket Perps live order book, 6 min ago | 2.87 bp | 6.9 bp −$7 | 9.2 bp −$92 | 14336.2 bp −$1.43M | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack ENA_USDC_PERP | −0.0284% | 1h | 0.2088 | −0.019% | $360K | $483K | 5x | as long as short |
| Orderly PERP_ENA_USDC | −0.0080% | 4h | 0.2087 | −0.072% | $41K | $23K | 10x | as long as short |
| 01 Exchange ENAUSD | 0.0000% | 1h | 0.2088 | 0.000% | $4K | $432 | 10x | as long as short |
| Deribit ENA_USDC-PERPETUAL | 0.0000% | 1h | 0.2088 | −0.010% | $92K | $1.8M | 50x | as long as short |
| gTrade (Gains Network) ENA/USD | L +0.0003% / S −0.0003% | 1h | 0.2088 | −0.011% | $96K | — | 150x | as long as short |
| Injective ENA/USDC PERPshort | +0.0033% | 1h | 0.2123 | +1.681% | $522 | $57K | 5.5x | |
| Phoenix ENA | +0.0076% | 1h | 0.2094 | +0.297% | $5K | $394K | 10x | as long as short |
| Gate ENA_USDT | +0.0078% | 4h | 0.2087 | −0.043% | $10.4M | $21.8M | 50x | as long as short |
| Popdex ENAUSDT | +0.0096% | 1h | 0.2087 | −0.062% | $59K | $538K | 50x | as long as short |
| Paradex ENA-USD-PERP | +0.0100% | 8h | 0.2089 | +0.028% | $47K | $221 | 10x | as long as short |
Backpack ENA_USDC_PERP
Orderly PERP_ENA_USDC
01 Exchange ENAUSD
Deribit ENA_USDC-PERPETUAL
gTrade (Gains Network) ENA/USD
Phoenix ENA
Gate ENA_USDT
Popdex ENAUSDT
Paradex ENA-USD-PERPShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado ENA-PERP | +0.0100% | 1h | 0.2089 | +0.041% | $655K | $1.8M | 10x | as long as short |
| Aster ENAUSDT | +0.0100% | 4h | 0.2088 | −0.010% | $1.5M | $3.3M | 50x | as long as short |
| Pacifica ENA | +0.0100% | 1h | 0.2090 | +0.065% | $404K | $592K | 10x | as long as short |
| Binance ENAUSDT | +0.0100% | 4h | 0.2087 | −0.079% | $128.4M | $465.3M | 75x | as long as short |
| Bybit ENAUSDT | +0.0100% | 4h | 0.2086 | −0.091% | $86.9M | $193.4M | 50x | as long as short |
| OKX ENA-USDT-SWAP | +0.0100% | 4h | 0.2087 | −0.043% | $20.1M | $113.1M | 50x | as long as short |
| Ondo Perps ENA-USD.P | +0.0100% | 1h | 0.2088 | −0.019% | $19K | $417K | 5x | as long as short |
| Arcus ENA-USD | +0.0100% | 1h | 0.2091 | +0.129% | $82K | $223K | 10x | as long as short |
| Bulk ENA-USD | +0.0100% | 1h | 0.2087 | −0.069% | $88K | $2K | 10x | as long as short |
| MEXC ENA_USDT | +0.0100% | 4h | 0.2087 | −0.072% | $45.3M | $49.4M | 200x | as long as short |
| KuCoin ENAUSDTM | +0.0100% | 4h | 0.2088 | −0.014% | $23.9M | $16.7M | 75x | as long as short |
| Bitget ENAUSDT | +0.0100% | 4h | 0.2086 | −0.091% | $47.2M | $65.8M | 75x | as long as short |
| BingX ENA-USDC | +0.0100% | 4h | 0.2087 | −0.067% | — | $6.5M | — | as long as short |
| Variational Omni ENA | +0.0100% | 4h | 0.2085 | −0.134% | $3.8M | $10.4M | — | as long as short |
| edgeX ENAUSDC | +0.0100% | 4h | 0.2087 | −0.073% | $248K | $7.9M | 20x | as long as short |
| GRVT ENA_USDT_Perp | +0.0100% | 4h | 0.2087 | −0.083% | $349K | $4.6M | 10x | as long as short |
| ApeX Omni ENAUSDT | +0.0100% | 1h | 0.2088 | −0.014% | $32K | $711K | 50x | as long as short |
| Polymarket Perps ENA-USDlong | +0.0100% | 1h | 0.2088 | long leg | $182K | $2.9M | 10x | |
| SunX ENA-USDT | +0.0100% | 4h | 0.2039 | −2.375% | $1K | $811K | 20x | as long as short |
| SoDEX ENA-USD | +0.0100% | 1h | 0.2087 | −0.062% | $4K | $14K | 10x | as long as short |
| HTX ENA-USDT | +0.0100% | 4h | 0.2093 | +0.244% | $271K | $1.5M | 50x | as long as short |
| Phemex ENAUSDT | +0.0100% | 4h | 0.2087 | −0.062% | $1.9M | $9.3M | 50x | as long as short |
| Aevo ENA-PERP | +0.0104% | 1h | 0.2088 | −0.016% | $77K | $11K | 3x | as long as short |
| Kraken Futures PF_ENAUSD | +0.0104% | 1h | 0.2089 | +0.039% | $2.6M | $5.8M | 50x | as long as short |
| Extended ENA-USD | +0.0176% | 1h | 0.2087 | −0.081% | $1.6M | $4.2M | 50x | as long as short |
| GMX ENA/USD [ETH-USDC] | L +0.0215% / S −0.0164% | 1h | 0.2087 | −0.041% | $50K | — | 100x | as long as short |
| Lighter ENA | +0.0304% | 1h | 0.2090 | +0.101% | $5.6M | $13.2M | 10x | as long as short |
| BloFin ENA-USDT | +0.0340% | 4h | 0.2091 | +0.105% | $5.5M | $8.1M | 75x | as long as short |
| Hyperliquid ENA | +0.0346% | 1h | 0.2090 | +0.067% | $110.1M | $80.1M | 10x | as long as short |
| Reya ENARUSDPERP | +0.0412% | 1h | 0.2087 | −0.056% | $1K | $5K | 15x | as long as short |
| Coinbase International ENA-PERP-INTX | +0.0536% | 1h | 0.2090 | +0.062% | $800K | $2.1M | 50x | as long as short |
| dYdX ENA-USD | +0.5218% | 1h | 0.2091 | +0.107% | $138K | $15K | 5x | as long as short |
Nado ENA-PERP
Aster ENAUSDT
Pacifica ENA
Binance ENAUSDT
Bybit ENAUSDT
OKX ENA-USDT-SWAP
Ondo Perps ENA-USD.P
Arcus ENA-USD
Bulk ENA-USD
MEXC ENA_USDT
KuCoin ENAUSDTM
Bitget ENAUSDT
BingX ENA-USDC
Variational Omni ENA
edgeX ENAUSDC
GRVT ENA_USDT_Perp
ApeX Omni ENAUSDT
SunX ENA-USDT
SoDEX ENA-USD
HTX ENA-USDT
Phemex ENAUSDT
Aevo ENA-PERP
Kraken Futures PF_ENAUSD
Extended ENA-USD
GMX ENA/USD [ETH-USDC]
Lighter ENA
BloFin ENA-USDT
Hyperliquid ENA
Reya ENARUSDPERP
Coinbase International ENA-PERP-INTX
dYdX ENA-USD