In this investigation the effects of alkali cations on the transient kinetics of Na,K-ATPase phosphoenzyme formation from either ATP (E2P) or P-i (E'P-2) were characterized by chemical quench methods as well as by stopped-flow RH421 fluorescence experiments. By combining the two methods it was possible to characterize the kinetics of Na,K-ATPase from two sources, shark rectal glands and pig kidney. The rate of the spontaneous dephosphorylation of E2P and E'P-2 was identical with a rate constant of about 1.1 s(-1) st 20 degrees C. However, whereas dephospharylation of E2P formed front ATP was strongly stimulated by K+, dephosphorylation of E'P-2 formed from P-i in the absence of alkali cations was K+-insensitive, although in pig renal enzyme K+ binding to E'P-2 could be demonstrated with RH421 fluorescence. It appears, therefore, that in pig kidney enzyme the rapid binding of K+ to E'P-2 was followed by a slow transition to a nonfluorescent form. For shark enzyme the K+-induced decrease of RH421 fluorescence of P-i phosphorylated enzyme was due to K+ binding to the dephosphoenzyme (E-l), thus shifting the equilibrium away from E'P-2. When P-i phosphorylation was performed with enzyme equilibrated with K+ or its congeners Tl+, Rb+, and Cs+ but not with Na+ or Li+, both the phosphorylation and the dephosphorylation rates were considerably increased. This indicates that binding of cations modifies the substrate site in a cation-specific way, suggesting an allosteric interaction between the conformation of the cation-binding sites and the phosphorylation site of the enzyme.