ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0150%/8h= −16.5% APRnext payment −$0.19 per $10,000 · paid last 24h −0.003%

Price spread now: Bulk against GMX−0.400%7-day average — · you buy dearer than you sell

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

Long on GMX Short on Bulk

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

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Bulk is 0.400% cheaper against GMX than usual: you would sell low and buy high (−$40 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX ENA/USD [ETH-USDC]	0.2125	L +0.0250% / S −0.0434%	pay 0.0031% / 1h	28m 21s	$38K	—	100x
Short	Bulk ENA-USD	0.2117	0.0100	get 0.0013% / 1h	28m 21s	$89K	$500	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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

Position, each leg$Hold fordaysFee GMXbpFee BulkbpOrdersPrice spread, now −0.400%Rate

Funding earned: −$31.57
Price spread: −0.400% → 0.000%: −$40.05
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$90.62
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Bulk: 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 GMX no order-book sample	—	—	—	—	—
Sell Bulk no order-book sample	—	—	—	—	—

GMX and Bulk: 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
Orderly PERP_ENA_USDC	−0.0012%	4h	0.2129	+0.164%	$41K	$24K	10x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0004%	1h	0.2125	+0.014%	$106K	—	150x	as long as short
Backpack ENA_USDC_PERP	+0.0027%	1h	0.2122	−0.132%	$375K	$445K	5x	as long as short
Deribit ENA_USDC-PERPETUAL	+0.0033%	1h	0.2120	−0.236%	$92K	$1.7M	50x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−0.076%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2125	0.000%	$63K	$521K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2123	−0.078%	$681K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2125	−0.009%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2125	−0.016%	$411K	$562K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2125	+0.005%	$131.5M	$452.8M	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	0.2128	+0.145%	$89.4M	$189.8M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2129	+0.197%	$20.6M	$111.5M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2116	−0.438%	$15K	$398K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2125	0.000%	$84K	$222K	10x	as long as short
Bulk ENA-USDshort	+0.0100%	1h	0.2117	−0.400%	$89K	$500	10x
Gate ENA_USDT	+0.0100%	4h	0.2124	−0.033%	$10.9M	$21.4M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2125	0.000%	$46.7M	$45.5M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2126	+0.042%	$24.6M	$16.4M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2124	−0.062%	$48.1M	$64.0M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2125	−0.005%	—	$32.6M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2119	−0.278%	$3.9M	$10.3M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2123	−0.112%	$252K	$7.6M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2120	−0.237%	$361K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2124	−0.048%	$32K	$711K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2125	+0.009%	$179K	$2.5M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2066	−2.758%	$1K	$824K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2120	−0.236%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2119	−0.278%	$276K	$1.4M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2120	−0.236%	$2.0M	$9.2M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2124	−0.037%	$48K	$221	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2119	−0.276%	$78K	$11K	3x	as long as short
Phoenix ENA	+0.0189%	1h	0.2118	−0.330%	$7K	$347K	10x	as long as short
01 Exchange ENAUSD	+0.0192%	1h	0.2127	+0.075%	$4K	$302	10x	as long as short
Extended ENA-USD	+0.0224%	1h	0.2125	−0.012%	$1.6M	$4.2M	50x	as long as short
Kraken Futures PF_ENAUSD	+0.0241%	1h	0.2121	−0.169%	$2.7M	$5.4M	50x	as long as short
GMX ENA/USD [ETH-USDC]long	L +0.0250% / S −0.0434%	1h	0.2125	long leg	$38K	—	100x
BloFin ENA-USDT	+0.0340%	4h	0.2118	−0.344%	$5.6M	$6.5M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2124	−0.057%	$1K	$5K	15x	as long as short
Lighter ENA	+0.0544%	1h	0.2128	+0.122%	$5.6M	$12.9M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0552%	1h	0.2132	+0.315%	$842K	$2.1M	50x	as long as short
Hyperliquid ENA	+0.0780%	1h	0.2128	+0.155%	$114.3M	$78.8M	10x	as long as short
dYdX ENA-USD	+0.1727%	1h	0.2125	+0.010%	$140K	$15K	5x	as long as short