ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0578%/8h= +63.3% APRnext payment +$0.72 per $10,000 · paid last 24h +0.086%

Price spread now: Hyperliquid against GMX+0.154%7-day average — · you sell dearer than you buy

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

Long on GMX Short on Hyperliquid

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—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Hyperliquid is 0.154% dearer against GMX than usual: you sell high and buy low: +$15 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX ENA/USD [ETH-USDC]	0.2123	L +0.0250% / S −0.0434%	pay 0.0031% / 1h	35m 21s	$38K	—	100x
Short	Hyperliquid ENA	0.2127	0.0828	get 0.0104% / 1h	35m 21s	$114.3M	$78.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.154%Rate

Funding earned: $121.38
Price spread: +0.154% → 0.000%: $15.35
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $115.73
Costs to cover: 0.210%
Break-even: 0.3 days

Slippage unknown: GMX: no order-book sample; Hyperliquid: live order book, 9 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 GMX no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 9 min ago	0.70 bp	8.0 bp −$8	doesn't fit	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ENA_USDC	−0.0018%	4h	0.2122	−0.091%	$41K	$24K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2126	+0.121%	$93K	$1.7M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2124	+0.011%	$106K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−0.002%	$522	$57K	5.5x	as long as short
Backpack ENA_USDC_PERP	+0.0068%	1h	0.2127	+0.144%	$375K	$448K	5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2122	−0.068%	$63K	$522K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2124	+0.005%	$681K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2124	+0.041%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2124	+0.019%	$411K	$564K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2124	+0.003%	$131.4M	$453.6M	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	0.2122	−0.068%	$89.2M	$190.1M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2123	−0.030%	$20.6M	$111.6M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2125	+0.059%	$15K	$395K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2124	+0.026%	$84K	$221K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2129	+0.262%	$90K	$500	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2123	−0.007%	$10.9M	$21.4M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2123	−0.007%	$46.9M	$45.5M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2124	+0.050%	$24.6M	$16.4M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2122	−0.068%	$48.1M	$64.5M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2123	−0.011%	—	$32.7M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2126	+0.107%	$3.9M	$10.3M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2125	+0.093%	$253K	$7.6M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2125	+0.073%	$361K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2125	+0.073%	$32K	$711K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2124	+0.017%	$179K	$2.5M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2074	−2.333%	$1K	$824K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2126	+0.121%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2130	+0.314%	$277K	$1.4M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2126	+0.121%	$2.0M	$9.2M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2123	−0.025%	$48K	$221	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2126	+0.109%	$78K	$11K	3x	as long as short
Phoenix ENA	+0.0189%	1h	0.2128	+0.234%	$7K	$347K	10x	as long as short
01 Exchange ENAUSD	+0.0200%	1h	0.2124	+0.031%	$4K	$302	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0240%	1h	0.2127	+0.161%	$2.7M	$5.5M	50x	as long as short
GMX ENA/USD [ETH-USDC]long	L +0.0250% / S −0.0434%	1h	0.2123	long leg	$38K	—	100x
Extended ENA-USD	+0.0280%	1h	0.2122	−0.056%	$1.6M	$4.2M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2124	+0.017%	$5.6M	$7.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2123	−0.023%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0552%	1h	0.2132	+0.389%	$842K	$2.1M	50x	as long as short
Lighter ENA	+0.0568%	1h	0.2126	+0.116%	$5.6M	$12.9M	10x	as long as short
Hyperliquid ENAshort	+0.0828%	1h	0.2127	+0.154%	$114.3M	$78.7M	10x
dYdX ENA-USD	+0.1735%	1h	0.2124	+0.032%	$140K	$15K	5x	as long as short