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

ENA

all ENA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0358%/8h= +39.2% APRnext payment +$0.45 per $10,000 · paid last 24h +0.131%
Price spread now: Coinbase International against GMX+0.206%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
Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Coinbase International is 0.206% dearer against GMX than usual: you sell high and buy low: +$21 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX ENA/USD [ETH-USDC]0.2115L +0.0250% / S −0.0434%pay 0.0031% / 1h40m 02s$38K100x
ShortCoinbase International ENA-PERP-INTX0.21200.0608get 0.0076% / 1h40m 02s$837K$1.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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
$75.19
Price spread: +0.206% → 0.000%
$20.56
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$73.76
Costs to cover
0.220%
Break-even
0.1 days
Slippage unknown: GMX: no order-book sample; Coinbase International: live order book, 4 min ago. 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 Coinbase International live order book, 4 min ago11.77 bp25.8 bp −$2648.6 bp −$486doesn't fitdoesn't fit
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Backpack ENA_USDC_PERP−0.0014%1h0.2117+0.092%$377K$417K5xas long as short
Deribit ENA_USDC-PERPETUAL0.0000%1h0.2116+0.035%$91K$1.7M50xas long as short
gTrade (Gains Network) ENA/USDL +0.0003% / S −0.0003%1h0.2117+0.054%$97K150xas long as short
Orderly PERP_ENA_USDC+0.0022%4h0.2116+0.007%$41K$23K10xas long as short
Injective ENA/USDC PERP+0.0033%1h0.2123+0.376%$522$57K5.5xas long as short
dYdX ENA-USD+0.0040%1h0.2117+0.077%$140K$15K5xas long as short
Popdex ENAUSDT+0.0096%1h0.2117+0.073%$62K$524K50xas long as short
Nado ENA-PERP+0.0100%1h0.2117+0.066%$669K$1.7M10xas long as short
Aster ENAUSDT+0.0100%4h0.2117+0.087%$1.5M$3.3M50xas long as short
Pacifica ENA+0.0100%1h0.2117+0.087%$410K$555K10xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ENAUSDT+0.0100%4h0.2117+0.078%$131.3M$446.3M75xas long as short
Bybit ENAUSDT+0.0100%4h0.2116+0.026%$89.0M$187.0M50xas long as short
OKX ENA-USDT-SWAP+0.0100%4h0.2116+0.040%$20.7M$109.2M50xas long as short
Ondo Perps ENA-USD.P+0.0100%1h0.2117+0.069%$15K$399K5xas long as short
Arcus ENA-USD+0.0100%1h0.2119+0.168%$84K$221K10xas long as short
Bulk ENA-USD+0.0100%1h0.2113−0.116%$89K−$010xas long as short
Gate ENA_USDT+0.0100%4h0.2116+0.017%$10.8M$20.8M50xas long as short
MEXC ENA_USDT+0.0100%4h0.2116+0.045%$46.3M$44.2M200xas long as short
KuCoin ENAUSDTM+0.0100%4h0.2117+0.092%$24.4M$16.6M75xas long as short
Bitget ENAUSDT+0.0100%4h0.2115−0.002%$48.0M$61.9M75xas long as short
BingX ENA-USDT+0.0100%4h0.2116+0.021%$32.6Mas long as short
Variational Omni ENA+0.0100%4h0.2118+0.122%$3.9M$10.1Mas long as short
edgeX ENAUSDC+0.0100%4h0.2119+0.181%$247K$7.5M20xas long as short
GRVT ENA_USDT_Perp+0.0100%4h0.2121+0.241%$355K$4.7M10xas long as short
ApeX Omni ENAUSDT+0.0100%1h0.2117+0.073%$34K$710K50xas long as short
Polymarket Perps ENA-USD+0.0100%1h0.2117+0.064%$179K$2.4M10xas long as short
SunX ENA-USDT+0.0100%4h0.2067−2.267%$1K$829K20xas long as short
SoDEX ENA-USD+0.0100%1h0.2116+0.026%$4K$10K10xas long as short
HTX ENA-USDT+0.0100%4h0.2126+0.499%$276K$1.4M50xas long as short
Phemex ENAUSDT+0.0100%4h0.2116+0.026%$1.9M$9.4M50xas long as short
Paradex ENA-USD-PERP+0.0100%8h0.2118+0.125%$47K$22110xas long as short
Aevo ENA-PERP+0.0104%1h0.2115−0.035%$74K$4K3xas long as short
Phoenix ENA+0.0150%1h0.2117+0.073%$7K$347K10xas long as short
01 Exchange ENAUSD+0.0216%1h0.2118+0.130%$4K$30210xas long as short
Kraken Futures PF_ENAUSD+0.0236%1h0.2118+0.123%$2.7M$5.1M50xas long as short
GMX ENA/USD [ETH-USDC]longL +0.0250% / S −0.0434%1h0.2115long leg$38K100x
Extended ENA-USD+0.0264%1h0.2116+0.029%$1.6M$4.3M50xas long as short
BloFin ENA-USDT+0.0340%4h0.2117+0.064%$5.6M$3.8M75xas long as short
Reya ENARUSDPERP+0.0412%1h0.2116+0.018%$1K$5K15xas long as short
Lighter ENA+0.0592%1h0.2119+0.168%$5.6M$12.5M10xas long as short
Coinbase International ENA-PERP-INTXshort+0.0608%1h0.2120+0.206%$837K$1.9M50x
Hyperliquid ENA+0.0672%1h0.2120+0.220%$114.3M$76.4M10xas long as short