ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0113%/8h= +12.3% APRnext payment +$0.14 per $10,000 · paid last 24h +0.010%

Price spread now: GMX against Arcus+0.048%7-day average — · you sell dearer than you buy

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

Long on Arcus Short on GMX

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—needs both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and GMX is 0.048% dearer against Arcus than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus ENA-USD	0.2097	0.0100	pay 0.0013% / 1h	52m 04s	$77K	$275K	10x
Short	GMX ENA/USD [ETH-USDC]	0.2098	L +0.0253% / S −0.0213%	get 0.0027% / 1h	52m 04s	$51K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Arcus. 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 ArcusbpFee GMXbpOrdersPrice spread, now +0.048%Rate

Funding earned: $23.65
Price spread: +0.048% → 0.000%: $4.82
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee GMX: 6 bp × 2 orders: −$12
Net: $11.97
Costs to cover: 0.165%
Break-even: 3.5 days

Slippage unknown: Arcus: live order book, 6 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Arcus live order book, 6 min ago	9.48 bp	12.5 bp −$12	23.8 bp −$238	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack ENA_USDC_PERP	−0.0226%	1h	0.2102	+0.262%	$371K	$372K	5x	as long as short
01 Exchange ENAUSD	−0.0104%	1h	0.2098	+0.029%	$4K	$302	10x	as long as short
Orderly PERP_ENA_USDC	−0.0055%	4h	0.2098	+0.033%	$44K	$25K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2099	+0.076%	$78K	$1.2M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2098	+0.045%	$81K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+1.259%	$522	$57K	5.5x	as long as short
dYdX ENA-USD	+0.0049%	1h	0.2102	+0.237%	$139K	$15K	5x	as long as short
Phoenix ENA	+0.0076%	1h	0.2108	+0.534%	$8K	$266K	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2097	0.000%	$55K	$500K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2097	+0.009%	$47K	$110	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado ENA-PERP	+0.0100%	1h	0.2098	+0.060%	$659K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2104	+0.339%	$112.2M	$72.6M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2099	+0.109%	$1.5M	$2.9M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2100	+0.162%	$409K	$499K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2102	+0.225%	$128.6M	$414.9M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2102	+0.215%	$85.8M	$175.8M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2102	+0.224%	$20.7M	$102.2M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2106	+0.429%	$19K	$323K	5x	as long as short
Arcus ENA-USDlong	+0.0100%	1h	0.2097	long leg	$77K	$275K	10x
Bulk ENA-USD	+0.0100%	1h	0.2107	+0.477%	$92K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2101	+0.210%	$11.1M	$21.5M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2102	+0.234%	$45.5M	$41.0M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2099	+0.081%	$24.5M	$15.5M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2100	+0.143%	$47.7M	$57.2M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2102	+0.262%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2119	+1.068%	$3.3M	$10.0M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2107	+0.468%	$242K	$7.0M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2110	+0.620%	$354K	$4.9M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2111	+0.668%	$20K	$651K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2098	+0.052%	$181K	$2.3M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2047	−2.384%	$1K	$841K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2098	+0.048%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2105	+0.372%	$272K	$797K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2098	+0.048%	$1.8M	$8.8M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2101	+0.209%	$1.6M	$4.1M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2099	+0.079%	$73K	$4K	3x	as long as short
Lighter ENA	+0.0112%	1h	0.2101	+0.181%	$5.2M	$13.3M	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0244%	1h	0.2100	+0.152%	$2.6M	$4.2M	50x	as long as short
GMX ENA/USD [ETH-USDC]short	L +0.0253% / S −0.0213%	1h	0.2098	+0.048%	$51K	—	100x
BloFin ENA-USDT	+0.0340%	4h	0.2105	+0.372%	$5.6M	$3.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2099	+0.074%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0632%	1h	0.2112	+0.706%	$860K	$1.5M	50x	as long as short