Settings8H · net · $10k
Funding arb · Price arb /

ENA

all ENA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0654%/8h= +71.6% APRnext payment +$0.82 per $10,000 · paid last 24h +0.036%
Price spread now: GMX against ApeX Omni+0.417%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and GMX is 0.417% dearer against ApeX Omni than usual: you sell high and buy low: +$42 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni ENAUSDT0.21150.0100pay 0.0013% / 1h58m 45s$19K$645K50x
ShortGMX ENA/USD [ETH-USDC]0.2124L +0.0307% / S −0.0754%get 0.0094% / 1h58m 45s$58K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX against ApeX Omni. 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

Funding earned
$137.27
Price spread: +0.417% → 0.000%
$41.7
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee GMX: 6 bp × 2 orders
−$12
Net
$156.97
Costs to cover
0.220%
Break-even
from the start
Slippage unknown: ApeX Omni: live order book, 39 min ago; GMX: 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
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 39 min ago11.93 bp23.3 bp −$23147.9 bp −$1,479doesn't fitdoesn't fit
Sell GMX no order-book sample
GMX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ENAUSDT−0.0506%4h0.2126+0.520%$89.5M$191.3M50xas long as short
Orderly PERP_ENA_USDC−0.0083%4h0.2123+0.374%$44K$17K10xas long as short
dYdX ENA-USD0.0000%1h0.2126+0.518%$140K$16K5xas long as short
Deribit ENA_USDC-PERPETUAL0.0000%1h0.2124+0.440%$60K$1.1M50xas long as short
gTrade (Gains Network) ENA/USDL +0.0004% / S −0.0004%1h0.2124+0.404%$82K150xas long as short
Injective ENA/USDC PERP+0.0033%1h0.2123+0.397%$522$57K5.5xas long as short
01 Exchange ENAUSD+0.0080%1h0.2125+0.463%$4K$27710xas long as short
Popdex ENAUSDT+0.0096%1h0.2123+0.378%$54K$487K50xas long as short
Nado ENA-PERP+0.0100%1h0.2125+0.452%$570K$1.8M10xas long as short
Hyperliquid ENA+0.0100%1h0.2129+0.648%$115.5M$74.9M10xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster ENAUSDT+0.0100%4h0.2128+0.605%$1.4M$3.3M50xas long as short
Pacifica ENA+0.0100%1h0.2126+0.538%$410K$564K10xas long as short
Binance ENAUSDT+0.0100%4h0.2127+0.544%$129.4M$426.5M75xas long as short
OKX ENA-USDT-SWAP+0.0100%4h0.2126+0.511%$21.3M$108.2M50xas long as short
Ondo Perps ENA-USD.P+0.0100%1h0.2127+0.591%$33K$313K5xas long as short
Arcus ENA-USD+0.0100%1h0.2125+0.473%$79K$281K10xas long as short
Bulk ENA-USD+0.0100%1h0.2118+0.165%$92K$51110xas long as short
Gate ENA_USDT+0.0100%4h0.2126+0.525%$13.3M$26.6M50xas long as short
MEXC ENA_USDT+0.0100%4h0.2127+0.548%$39.4M$42.4M200xas long as short
KuCoin ENAUSDTM+0.0100%4h0.2127+0.582%$25.0M$15.9M75xas long as short
Bitget ENAUSDT+0.0100%4h0.2127+0.567%$48.3M$60.3M75xas long as short
BingX ENA-USDT+0.0100%4h0.2127+0.567%$31.4Mas long as short
Backpack ENA_USDC_PERP+0.0100%1h0.2125+0.463%$411K$483K5xas long as short
Variational Omni ENA+0.0100%4h0.2127+0.570%$3.1M$9.9Mas long as short
edgeX ENAUSDC+0.0100%4h0.2114−0.034%$255K$7.0M20xas long as short
GRVT ENA_USDT_Perp+0.0100%4h0.2128+0.621%$360K$4.7M10xas long as short
ApeX Omni ENAUSDTlong+0.0100%1h0.2115long leg$19K$645K50x
Polymarket Perps ENA-USD+0.0100%1h0.2125+0.463%$175K$2.7M10xas long as short
SunX ENA-USDT+0.0100%4h0.2072−2.019%$1K$912K20xas long as short
SoDEX ENA-USD+0.0100%1h0.2124+0.426%$4K$7K10xas long as short
HTX ENA-USDT+0.0100%4h0.2123+0.397%$268K$810K50xas long as short
Phemex ENAUSDT+0.0100%4h0.2123+0.378%$1.9M$9.0M50xas long as short
Paradex ENA-USD-PERP+0.0100%8h0.2126+0.540%$48K$11010xas long as short
Extended ENA-USD+0.0104%1h0.2125+0.479%$1.6M$4.4M50xas long as short
Aevo ENA-PERP+0.0104%1h0.2124+0.414%$74K$4K3xas long as short
Lighter ENA+0.0136%1h0.2128+0.629%$5.0M$12.5M10xas long as short
Phoenix ENA+0.0190%1h0.2129+0.681%$13K$260K10xas long as short
Kraken Futures PF_ENAUSD+0.0196%1h0.2125+0.452%$2.6M$4.4M50xas long as short
GMX ENA/USD [ETH-USDC]shortL +0.0307% / S −0.0754%1h0.2124+0.417%$58K100x
BloFin ENA-USDT+0.0340%4h0.2123+0.397%$5.6M$3.4M75xas long as short
Reya ENARUSDPERP+0.0412%1h0.2122+0.317%$1K15xas long as short
Coinbase International ENA-PERP-INTX+0.0544%1h0.2134+0.903%$802K$2.0M50xas long as short