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

ENA

all ENA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC+0.0750%/8h= +82.1% APRnext payment +$0.94 per $10,000 · paid last 24h +0.099%
Price spread now: GMX against gTrade (Gains Network)+0.011%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
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$23 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) ENA/USD0.2093L +0.0004% / S −0.0004%pay 0.0000% / 1h10m 30s$81K150x
ShortGMX ENA/USD [ETH-USDC]0.2093L +0.0521% / S −0.0754%get 0.0094% / 1h10m 30s$57K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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

Funding earned
$157.51
Price spread: +0.011% → 0.000%
$1.05
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee GMX: 6 bp × 2 orders
−$12
Net
$136.56
Costs to cover
0.220%
Break-even
0.9 days
Slippage unknown: gTrade (Gains Network): no order-book sample; 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 gTrade (Gains Network) no order-book sample
Sell GMX no order-book sample
gTrade (Gains Network) and 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 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_ENA_USDC−0.0148%4h0.2093+0.034%$43K$16K10xas long as short
Kraken Futures PF_ENAUSD−0.0099%1h0.2096+0.159%$2.6M$3.0M50xas long as short
Deribit ENA_USDC-PERPETUAL0.0000%1h0.2095+0.111%$65K$1.0M50xas long as short
gTrade (Gains Network) ENA/USDlongL +0.0004% / S −0.0004%1h0.2093long leg$81K150x
Injective ENA/USDC PERP+0.0033%1h0.2122+1.401%$734$57K5.5xas long as short
Phoenix ENA+0.0038%1h0.2102+0.436%$13K$290K10xas long as short
01 Exchange ENAUSD+0.0080%1h0.2093+0.015%$4K10xas long as short
Bitget ENAUSDT+0.0080%4h0.2089−0.157%$47.3M$52.9M75xas long as short
Lighter ENA+0.0096%1h0.2096+0.178%$5.0M$12.2M10xas long as short
Popdex ENAUSDT+0.0096%1h0.2092−0.028%$52K$389K50xas long as short
Show all 42 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex ENA-USD-PERP+0.0100%8h0.2095+0.100%$47K10xas long as short
Nado ENA-PERP+0.0100%1h0.2096+0.173%$544K$1.7M10xas long as short
Hyperliquid ENA+0.0100%1h0.2092−0.004%$111.7M$74.3M10xas long as short
Aster ENAUSDT+0.0100%4h0.2093+0.036%$1.2M$3.3M50xas long as short
Pacifica ENA+0.0100%1h0.2095+0.137%$380K$481K10xas long as short
Binance ENAUSDT+0.0100%4h0.2093+0.002%$124.1M$395.4M75xas long as short
Bybit ENAUSDT+0.0100%4h0.2092−0.032%$84.1M$180.9M50xas long as short
OKX ENA-USDT-SWAP+0.0100%4h0.2091−0.095%$20.5M$95.2M50xas long as short
Ondo Perps ENA-USD.P+0.0100%1h0.2093+0.039%$37K$294K5xas long as short
Arcus ENA-USD+0.0100%1h0.2094+0.068%$77K$213K10xas long as short
Bulk ENA-USD+0.0100%1h0.2099+0.319%$103K$11K10xas long as short
Gate ENA_USDT+0.0100%4h0.2095+0.120%$14.4M$27.4M50xas long as short
MEXC ENA_USDT+0.0100%4h0.2092−0.013%$43.4M$40.4M200xas long as short
KuCoin ENAUSDTM+0.0100%4h0.2093+0.011%$24.7M$14.1M75xas long as short
BingX ENA-USDT+0.0100%4h0.2093+0.001%$28.6Mas long as short
Backpack ENA_USDC_PERP+0.0100%1h0.2095+0.120%$404K$449K5xas long as short
Variational Omni ENA+0.0100%4h0.2093+0.043%$2.9M$7.6Mas long as short
edgeX ENAUSDC+0.0100%4h0.2099+0.301%$240K$6.4M20xas long as short
GRVT ENA_USDT_Perp+0.0100%4h0.2099+0.307%$357K$4.1M10xas long as short
ApeX Omni ENAUSDT+0.0100%1h0.2102+0.450%$19K$650K50xas long as short
Polymarket Perps ENA-USD+0.0100%1h0.2091−0.056%$121K$2.7M10xas long as short
SunX ENA-USDT+0.0100%4h0.2045−2.255%$1K$934K20xas long as short
SoDEX ENA-USD+0.0100%1h0.2095+0.116%$6K$5K10xas long as short
HTX ENA-USDT+0.0100%4h0.2098+0.269%$270K$743K50xas long as short
Phemex ENAUSDT+0.0100%4h0.2094+0.068%$1.7M$9.2M50xas long as short
Extended ENA-USD+0.0104%1h0.2094+0.083%$1.6M$4.5M50xas long as short
Aevo ENA-PERP+0.0104%1h0.2101+0.381%$74K$4K3xas long as short
BloFin ENA-USDT+0.0340%4h0.2095+0.140%$5.4M$3.3M75xas long as short
Reya ENARUSDPERP+0.0411%1h0.2091−0.084%$1K15xas long as short
dYdX ENA-USD+0.0506%1h0.2096+0.177%$139K$17K5xas long as short
Coinbase International ENA-PERP-INTX+0.0520%1h0.2099+0.283%$766K$1.7M50xas long as short
GMX ENA/USD [ETH-USDC]shortL +0.0521% / S −0.0754%1h0.2093+0.011%$57K100x