ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0483%/8h= −52.9% APRnext payment −$0.60 per $10,000 · paid last 24h −0.008%

Price spread now: Backpack against gTrade (Gains Network)+0.101%7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on Backpack

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 pays, funding is against you. Backpack is 0.101% dearer against gTrade (Gains Network) than usual: you sell high and buy low (spread +0.101% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 17 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) ENA/USD	0.2098	L +0.0003% / S −0.0003%	pay 0.0000% / 1h	51m 19s	$96K	—	150x
Short	Backpack ENA_USDC_PERP	0.2100	−0.0480	pay 0.0060% / 1h	51m 19s	$361K	$487K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BackpackbpOrdersPrice spread, now +0.101%Rate

Funding earned: −$101.47
Price spread: +0.101% → 0.000%: $10.06
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$111.41
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: gTrade (Gains Network): no order-book sample; Backpack: live order book, 37 min ago. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Backpack live order book, 37 min ago	1.64 bp	8.6 bp −$9	41.9 bp −$419	doesn't fit	doesn't fit

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_PERPshort	−0.0480%	1h	0.2100	+0.101%	$361K	$487K	5x
Orderly PERP_ENA_USDC	−0.0096%	4h	0.2096	−0.085%	$41K	$24K	10x	as long as short
01 Exchange ENAUSD	−0.0072%	1h	0.2095	−0.128%	$4K	$432	10x	as long as short
Gate ENA_USDT	−0.0008%	4h	0.2096	−0.090%	$10.4M	$21.5M	50x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2098	0.000%	$97K	$1.9M	50x	as long as short
gTrade (Gains Network) ENA/USDlong	L +0.0003% / S −0.0003%	1h	0.2098	long leg	$96K	—	150x
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+1.211%	$522	$57K	5.5x	as long as short
Phoenix ENA	+0.0076%	1h	0.2103	+0.234%	$5K	$394K	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2095	−0.143%	$59K	$545K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2096	−0.118%	$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	0.2097	−0.066%	$653K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2097	−0.034%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2095	−0.150%	$402K	$604K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2097	−0.061%	$129.9M	$473.1M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2096	−0.076%	$87.9M	$195.1M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2098	−0.019%	$20.1M	$115.7M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2103	+0.253%	$19K	$446K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2095	−0.143%	$83K	$222K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2100	+0.096%	$89K	$2K	10x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2097	−0.038%	$45.1M	$48.5M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2098	−0.019%	$24.3M	$16.7M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2095	−0.128%	$47.5M	$67.2M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2097	−0.052%	—	$32.0M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2107	+0.422%	$3.6M	$10.2M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2102	+0.176%	$252K	$8.0M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2105	+0.315%	$356K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2101	+0.143%	$32K	$713K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2097	−0.033%	$183K	$3.0M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2048	−2.402%	$856	$809K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2096	−0.095%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2098	+0.010%	$272K	$1.6M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2097	−0.047%	$1.8M	$9.3M	50x	as long as short
Kraken Futures PF_ENAUSD	+0.0104%	1h	0.2099	+0.047%	$2.7M	$5.9M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2097	−0.063%	$1.6M	$4.1M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2097	−0.047%	$77K	$11K	3x	as long as short
Lighter ENA	+0.0120%	1h	0.2099	+0.067%	$5.7M	$13.1M	10x	as long as short
Hyperliquid ENA	+0.0197%	1h	0.2100	+0.082%	$111.5M	$80.7M	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0211% / S −0.0159%	1h	0.2098	−0.020%	$50K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2096	−0.085%	$5.6M	$8.2M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2096	−0.088%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0536%	1h	0.2104	+0.267%	$804K	$2.2M	50x	as long as short
dYdX ENA-USD	+0.7211%	1h	0.2094	−0.209%	$138K	$12K	5x	as long as short