ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0379%/8h= −41.4% APRnext payment −$0.47 per $10,000 · paid last 24h −0.119%

Price spread now: Injective against Reya−1.415%112s7-day average — · you buy dearer than you sell

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

Long on Reya Short on Injective

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Injective is 1.415% cheaper against Reya than usual: you would sell low and buy high (−$141 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 112 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	Reya ENARUSDPERP	0.2154	0.0412	pay 0.0051% / 1h	25m 24s	$1K	$5K	15x
Short	Injective ENA/USDC PERP	0.2123	0.0033	get 0.0004% / 1h	25m 24s	$522	$57K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Reya. 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 ReyabpFee InjectivebpOrdersPrice spread, now −1.415%Rate

Funding earned: −$79.49
Price spread: −1.415% → 0.000%: −$141.46
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$226.96
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; 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 Reya no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

Reya and 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
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2156	+0.079%	$98K	—	150x	as long as short
dYdX ENA-USD	+0.0022%	1h	0.2155	+0.040%	$142K	$15K	5x	as long as short
Deribit ENA_USDC-PERPETUAL	+0.0028%	1h	0.2156	+0.108%	$80K	$1.7M	50x	as long as short
Injective ENA/USDC PERPshort	+0.0033%	1h	0.2123	−1.415%	$522	$57K	5.5x
Orderly PERP_ENA_USDC	+0.0033%	4h	0.2155	+0.053%	$42K	$23K	10x	as long as short
Backpack ENA_USDC_PERP	+0.0086%	1h	0.2156	+0.099%	$383K	$416K	5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2153	−0.040%	$63K	$519K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2154	+0.027%	$715K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2157	+0.164%	$1.6M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2154	+0.011%	$423K	$549K	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	0.2155	+0.058%	$133.7M	$444.2M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2154	−0.003%	$89.0M	$187.7M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2154	+0.015%	$21.1M	$111.0M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2147	−0.337%	$15K	$410K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2154	+0.006%	$107K	$242K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2143	−0.505%	$90K	−$0	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2153	−0.040%	$11.0M	$21.0M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2154	+0.020%	$46.2M	$44.6M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2156	+0.080%	$24.8M	$16.5M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2152	−0.068%	$48.8M	$61.6M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2152	−0.064%	—	$32.6M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2155	+0.052%	$3.9M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2143	−0.504%	$251K	$7.5M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2145	−0.412%	$355K	$4.7M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2146	−0.365%	$33K	$688K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2154	+0.025%	$186K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2100	−2.487%	$1K	$830K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2156	+0.099%	$4K	$10K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2164	+0.470%	$281K	$1.2M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2154	+0.006%	$2.0M	$9.4M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2152	−0.074%	$48K	$221	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2156	+0.113%	$75K	$4K	3x	as long as short
Phoenix ENA	+0.0150%	1h	0.2144	−0.481%	$7K	$347K	10x	as long as short
01 Exchange ENAUSD	+0.0216%	1h	0.2154	+0.015%	$4K	$302	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0232%	1h	0.2157	+0.160%	$2.7M	$5.1M	50x	as long as short
Extended ENA-USD	+0.0280%	1h	0.2152	−0.092%	$1.6M	$4.3M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0333% / S −0.0430%	1h	0.2155	+0.057%	$81K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2146	−0.351%	$5.6M	$2.0M	75x	as long as short
Reya ENARUSDPERPlong	+0.0412%	1h	0.2154	long leg	$1K	$5K	15x
Coinbase International ENA-PERP-INTX	+0.0608%	1h	0.2143	−0.486%	$848K	$1.8M	50x	as long as short
Lighter ENA	+0.0744%	1h	0.2157	+0.127%	$5.7M	$12.6M	10x	as long as short
Hyperliquid ENA	+0.0754%	1h	0.2158	+0.173%	$116.4M	$75.6M	10x	as long as short