ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0014%/8h= −1.6% APRnext payment −$0.02 per $10,000 · paid last 24h −0.064%

Price spread now: Kraken Futures against GMX+0.092%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 Kraken Futures

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

The price spread pays, funding is against you. Kraken Futures is 0.092% dearer against GMX than usual: you sell high and buy low (spread +0.092% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 21 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX ENA/USD [ETH-USDC]	0.2117	L +0.0250% / S −0.0434%	pay 0.0031% / 1h	37m 42s	$38K	—	100x
Short	Kraken Futures PF_ENAUSD	0.2119	0.0236	get 0.0029% / 1h	37m 42s	$2.7M	$5.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.092%Rate

Funding earned: −$3.03
Price spread: +0.092% → 0.000%: $9.17
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$15.86
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Kraken Futures: live order book, 1 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 Kraken Futures live order book, 1 min ago	14.40 bp	23.3 bp −$23	28.9 bp −$289	110.9 bp −$11.1K	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
Backpack ENA_USDC_PERP	−0.0012%	1h	0.2119	+0.098%	$377K	$417K	5x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2118	+0.036%	$86K	$1.7M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2118	+0.008%	$97K	—	150x	as long as short
Orderly PERP_ENA_USDC	+0.0024%	4h	0.2117	+0.003%	$41K	$23K	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.282%	$522	$57K	5.5x	as long as short
dYdX ENA-USD	+0.0035%	1h	0.2117	−0.017%	$140K	$15K	5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2117	−0.020%	$62K	$524K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2116	−0.044%	$672K	$1.7M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2119	+0.091%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2119	+0.079%	$411K	$552K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ENAUSDT	+0.0100%	4h	0.2119	+0.063%	$131.4M	$445.6M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2117	+0.003%	$89.1M	$186.5M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2117	+0.003%	$20.7M	$109.1M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2119	+0.051%	$15K	$399K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2120	+0.121%	$97K	$236K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2117	−0.044%	$89K	−$0	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2118	+0.017%	$10.8M	$20.8M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2119	+0.051%	$46.3M	$44.2M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2120	+0.117%	$24.4M	$16.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2117	−0.030%	$48.0M	$61.7M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2118	+0.017%	—	$32.6M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2118	+0.028%	$3.9M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2117	−0.004%	$247K	$7.5M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2121	+0.147%	$355K	$4.7M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2117	−0.020%	$34K	$710K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2118	+0.027%	$179K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2068	−2.339%	$873	$828K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2118	+0.027%	$4K	$10K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2119	+0.098%	$275K	$1.4M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2118	+0.027%	$1.9M	$9.4M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2118	+0.043%	$47K	$221	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2118	+0.033%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0150%	1h	0.2119	+0.065%	$7K	$347K	10x	as long as short
01 Exchange ENAUSD	+0.0216%	1h	0.2118	+0.022%	$4K	$302	10x	as long as short
Kraken Futures PF_ENAUSDshort	+0.0236%	1h	0.2119	+0.092%	$2.7M	$5.1M	50x
GMX ENA/USD [ETH-USDC]long	L +0.0250% / S −0.0434%	1h	0.2117	long leg	$38K	—	100x
Extended ENA-USD	+0.0272%	1h	0.2117	−0.006%	$1.6M	$4.3M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2119	+0.055%	$5.6M	$3.8M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2117	−0.024%	$1K	$5K	15x	as long as short
Lighter ENA	+0.0600%	1h	0.2121	+0.150%	$5.6M	$12.6M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0608%	1h	0.2120	+0.112%	$837K	$1.9M	50x	as long as short
Hyperliquid ENA	+0.0696%	1h	0.2123	+0.254%	$114.5M	$75.3M	10x	as long as short