ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0354%/8h= +38.7% APRnext payment +$0.44 per $10,000 · paid last 24h +0.008%

Price spread now: gTrade (Gains Network) against Backpack−0.029%7-day average — · you buy dearer than you sell

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

Long on Backpack Short on gTrade (Gains Network)

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

Funding pays, the price is against you. gTrade (Gains Network) is 0.029% cheaper against Backpack than usual: you would sell low and buy high (spread −0.029% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 7 hours of funding at the current rate (+$11 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack ENA_USDC_PERP	0.2089	−0.0351	get 0.0044% / 1h	38m 54s	$359K	$485K	5x
Short	gTrade (Gains Network) ENA/USD	0.2088	L +0.0003% / S −0.0003%	get 0.0000% / 1h	38m 54s	$96K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Backpack. 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 BackpackbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.029%Rate

Funding earned: $74.28
Price spread: −0.029% → 0.000%: −$2.92
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: $51.36
Costs to cover: 0.200%
Break-even: 2.2 days

Slippage unknown: Backpack: live order book, 50 min ago; gTrade (Gains Network): 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 Backpack live order book, 50 min ago	1.64 bp	7.9 bp −$8	39.8 bp −$398	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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_PERPlong	−0.0351%	1h	0.2089	long leg	$359K	$485K	5x
Orderly PERP_ENA_USDC	−0.0082%	4h	0.2088	−0.019%	$41K	$24K	10x	as long as short
01 Exchange ENAUSD	−0.0024%	1h	0.2090	+0.072%	$4K	$432	10x	as long as short
Gate ENA_USDT	−0.0016%	4h	0.2087	−0.062%	$10.3M	$21.5M	50x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2089	+0.010%	$97K	$1.9M	50x	as long as short
gTrade (Gains Network) ENA/USDshort	L +0.0003% / S −0.0003%	1h	0.2088	−0.029%	$96K	—	150x
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+1.666%	$522	$57K	5.5x	as long as short
Phoenix ENA	+0.0076%	1h	0.2097	+0.417%	$5K	$394K	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2089	+0.019%	$59K	$541K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2090	+0.054%	$47K	$221	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	0.2089	+0.038%	$657K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2089	+0.029%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2092	+0.181%	$402K	$585K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2089	0.000%	$128.8M	$468.8M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2086	−0.124%	$87.3M	$193.5M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2087	−0.086%	$20.1M	$113.8M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2097	+0.393%	$19K	$429K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2091	+0.115%	$83K	$221K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2094	+0.259%	$88K	$2K	10x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2088	−0.014%	$44.6M	$48.7M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2089	0.000%	$24.1M	$16.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2086	−0.120%	$47.3M	$66.7M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2088	−0.034%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2095	+0.305%	$3.6M	$10.2M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2095	+0.326%	$250K	$8.0M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2096	+0.342%	$353K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2096	+0.354%	$32K	$712K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2091	+0.134%	$181K	$3.0M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2038	−2.432%	$855	$807K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2088	−0.029%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2095	+0.330%	$272K	$1.6M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2088	−0.029%	$1.8M	$9.3M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2087	−0.093%	$1.6M	$4.1M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2089	+0.018%	$77K	$11K	3x	as long as short
Kraken Futures PF_ENAUSD	+0.0104%	1h	0.2090	+0.047%	$2.7M	$5.8M	50x	as long as short
Lighter ENA	+0.0208%	1h	0.2091	+0.105%	$5.6M	$13.1M	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0212% / S −0.0160%	1h	0.2088	−0.051%	$50K	—	100x	as long as short
Hyperliquid ENA	+0.0318%	1h	0.2090	+0.081%	$110.7M	$80.4M	10x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2088	−0.010%	$5.5M	$8.1M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2090	+0.044%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0536%	1h	0.2101	+0.584%	$802K	$2.2M	50x	as long as short
dYdX ENA-USD	+0.9663%	1h	0.2094	+0.239%	$138K	$12K	5x	as long as short