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

ENA

all ENA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0146%/8h= −16.0% APRnext payment $0.18 per $10,000 · paid last 24h −0.003%
Price spread now: Aevo against GMX+0.021%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 3 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 pays, funding is against you. Aevo is 0.021% dearer against GMX than usual: you sell high and buy low (spread +0.021% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 11 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX ENA/USD [ETH-USDC]0.2116L +0.0250% / S −0.0434%pay 0.0031% / 1h40m 41s$38K100x
ShortAevo ENA-PERP0.21170.0104get 0.0013% / 1h40m 41s$74K$4K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against GMX. 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
−$30.67
Price spread: +0.021% → 0.000%
$2.08
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$56.59
Costs to cover
0.280%
Break-even
never at this rate
Slippage unknown: GMX: no order-book sample; Aevo: 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 GMX no order-book sample
Sell Aevo no order-book sample
GMX and Aevo: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Backpack ENA_USDC_PERP−0.0014%1h0.2117+0.059%$377K$417K5xas long as short
Deribit ENA_USDC-PERPETUAL0.0000%1h0.2117+0.059%$91K$1.7M50xas long as short
gTrade (Gains Network) ENA/USDL +0.0003% / S −0.0003%1h0.2117+0.017%$97K150xas long as short
Orderly PERP_ENA_USDC+0.0022%4h0.2117+0.026%$41K$23K10xas long as short
Injective ENA/USDC PERP+0.0033%1h0.2123+0.338%$522$57K5.5xas long as short
dYdX ENA-USD+0.0040%1h0.2117+0.039%$140K$15K5xas long as short
Popdex ENAUSDT+0.0096%1h0.2117+0.035%$62K$524K50xas long as short
Nado ENA-PERP+0.0100%1h0.2117+0.043%$669K$1.7M10xas long as short
Aster ENAUSDT+0.0100%4h0.2117+0.059%$1.5M$3.3M50xas long as short
Pacifica ENA+0.0100%1h0.2117+0.050%$410K$555K10xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ENAUSDT+0.0100%4h0.2117+0.036%$131.3M$446.2M75xas long as short
Bybit ENAUSDT+0.0100%4h0.2117+0.059%$89.1M$187.0M50xas long as short
OKX ENA-USDT-SWAP+0.0100%4h0.2119+0.106%$20.7M$109.3M50xas long as short
Ondo Perps ENA-USD.P+0.0100%1h0.2117+0.031%$15K$399K5xas long as short
Arcus ENA-USD+0.0100%1h0.2119+0.130%$84K$221K10xas long as short
Bulk ENA-USD+0.0100%1h0.2113−0.154%$89K−$010xas long as short
Gate ENA_USDT+0.0100%4h0.2115−0.054%$10.8M$20.8M50xas long as short
MEXC ENA_USDT+0.0100%4h0.2118+0.069%$46.3M$44.2M200xas long as short
KuCoin ENAUSDTM+0.0100%4h0.2117+0.054%$24.4M$16.6M75xas long as short
Bitget ENAUSDT+0.0100%4h0.2117+0.040%$48.0M$61.9M75xas long as short
BingX ENA-USDT+0.0100%4h0.2118+0.097%$32.6Mas long as short
Variational Omni ENA+0.0100%4h0.2118+0.084%$3.9M$10.1Mas long as short
edgeX ENAUSDC+0.0100%4h0.2119+0.143%$247K$7.5M20xas long as short
GRVT ENA_USDT_Perp+0.0100%4h0.2121+0.203%$355K$4.7M10xas long as short
ApeX Omni ENAUSDT+0.0100%1h0.2117+0.035%$34K$710K50xas long as short
Polymarket Perps ENA-USD+0.0100%1h0.2117+0.021%$179K$2.4M10xas long as short
SunX ENA-USDT+0.0100%4h0.2068−2.280%$892$829K20xas long as short
SoDEX ENA-USD+0.0100%1h0.2117+0.035%$4K$10K10xas long as short
HTX ENA-USDT+0.0100%4h0.2124+0.371%$276K$1.4M50xas long as short
Phemex ENAUSDT+0.0100%4h0.2117+0.035%$1.9M$9.4M50xas long as short
Paradex ENA-USD-PERP+0.0100%8h0.2118+0.087%$47K$22110xas long as short
Aevo ENA-PERPshort+0.0104%1h0.2117+0.021%$74K$4K3x
Phoenix ENA+0.0150%1h0.2117+0.035%$7K$347K10xas long as short
01 Exchange ENAUSD+0.0208%1h0.2119+0.116%$4K$30210xas long as short
Kraken Futures PF_ENAUSD+0.0236%1h0.2119+0.125%$2.7M$5.1M50xas long as short
GMX ENA/USD [ETH-USDC]longL +0.0250% / S −0.0434%1h0.2116long leg$38K100x
Extended ENA-USD+0.0264%1h0.2115−0.068%$1.6M$4.3M50xas long as short
BloFin ENA-USDT+0.0340%4h0.2117+0.026%$5.6M$3.8M75xas long as short
Reya ENARUSDPERP+0.0412%1h0.2116−0.013%$1K$5K15xas long as short
Lighter ENA+0.0592%1h0.2120+0.163%$5.6M$12.5M10xas long as short
Coinbase International ENA-PERP-INTX+0.0608%1h0.2125+0.399%$839K$1.9M50xas long as short
Hyperliquid ENA+0.0667%1h0.2120+0.163%$114.3M$76.4M10xas long as short