ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0330%/8h= +36.1% APRnext payment +$0.41 per $10,000 · paid last 24h +0.042%

Price spread now: GMX against Backpack+0.010%7-day average — · you sell dearer than you buy

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

Long on Backpack 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$10 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack ENA_USDC_PERP	0.2158	0.0100	pay 0.0013% / 1h	19m 27s	$384K	$410K	5x
Short	GMX ENA/USD [ETH-USDC]	0.2158	L +0.0334% / S −0.0430%	get 0.0054% / 1h	19m 27s	$81K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.010%Rate

Funding earned: $69.24
Price spread: +0.010% → 0.000%: $0.97
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $48.22
Costs to cover: 0.220%
Break-even: 2.1 days

Slippage unknown: Backpack: live order book, 54 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 Backpack live order book, 54 min ago	0.23 bp	9.4 bp −$9	38.7 bp −$387	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
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2159	+0.046%	$81K	$1.7M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0004%	1h	0.2157	−0.056%	$106K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−1.612%	$522	$57K	5.5x	as long as short
Orderly PERP_ENA_USDC	+0.0034%	4h	0.2155	−0.130%	$42K	$23K	10x	as long as short
dYdX ENA-USD	+0.0036%	1h	0.2151	−0.350%	$142K	$15K	5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2156	−0.102%	$63K	$518K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2155	−0.132%	$714K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2155	−0.157%	$1.6M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2150	−0.358%	$423K	$553K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2158	−0.027%	$134.0M	$443.1M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ENAUSDT	+0.0100%	4h	0.2156	−0.111%	$89.0M	$187.3M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2155	−0.134%	$21.2M	$110.6M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2145	−0.598%	$16K	$411K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2154	−0.195%	$107K	$242K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2143	−0.704%	$90K	−$0	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2158	−0.014%	$11.0M	$21.3M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2158	0.000%	$46.1M	$44.7M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2157	−0.051%	$24.8M	$16.5M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2156	−0.107%	$48.9M	$61.4M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2157	−0.074%	—	$32.6M	—	as long as short
Backpack ENA_USDC_PERPlong	+0.0100%	1h	0.2158	long leg	$384K	$410K	5x
Variational Omni ENA	+0.0100%	4h	0.2144	−0.635%	$3.9M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2144	−0.640%	$248K	$7.5M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2145	−0.627%	$357K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2146	−0.565%	$33K	$688K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2158	−0.005%	$180K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2108	−2.335%	$1K	$832K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2158	−0.009%	$4K	$10K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2160	+0.088%	$280K	$1.1M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2158	−0.009%	$2.0M	$9.4M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2152	−0.297%	$48K	$110	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2159	+0.022%	$76K	$4K	3x	as long as short
Phoenix ENA	+0.0150%	1h	0.2147	−0.500%	$8K	$347K	10x	as long as short
01 Exchange ENAUSD	+0.0192%	1h	0.2156	−0.120%	$4K	$302	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0231%	1h	0.2160	+0.087%	$2.7M	$5.1M	50x	as long as short
Extended ENA-USD	+0.0320%	1h	0.2153	−0.221%	$1.6M	$4.2M	50x	as long as short
GMX ENA/USD [ETH-USDC]short	L +0.0334% / S −0.0430%	1h	0.2158	+0.010%	$81K	—	100x
BloFin ENA-USDT	+0.0340%	4h	0.2146	−0.570%	$5.6M	$2.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2157	−0.052%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0608%	1h	0.2150	−0.385%	$852K	$1.8M	50x	as long as short
Lighter ENA	+0.0696%	1h	0.2155	−0.158%	$5.7M	$12.6M	10x	as long as short
Hyperliquid ENA	+0.0770%	1h	0.2161	+0.139%	$117.2M	$74.4M	10x	as long as short