ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0146%/8h= −15.9% APRnext payment −$0.18 per $10,000 · paid last 24h −0.001%

Price spread now: Ondo Perps against GMX−0.309%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 Ondo Perps

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 airdropOndo Perps: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Ondo Perps is 0.309% cheaper against GMX than usual: you would sell low and buy high (−$31 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]	0.2105	L +0.0246% / S −0.0424%	pay 0.0031% / 1h	8m 50s	$38K	—	100x
Short	Ondo Perps ENA-USD.P	0.2099	0.0100	get 0.0013% / 1h	8m 50s	$15K	$397K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.309%Rate

Funding earned: −$30.58
Price spread: −0.309% → 0.000%: −$30.88
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$78.45
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Ondo Perps: 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 Ondo Perps no order-book sample	—	—	—	—	—

GMX and Ondo Perps: 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	−0.0041%	4h	0.2107	+0.076%	$41K	$24K	10x	as long as short
Backpack ENA_USDC_PERP	−0.0018%	1h	0.2110	+0.219%	$372K	$447K	5x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2105	+0.014%	$101K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.869%	$522	$57K	5.5x	as long as short
Kraken Futures PF_ENAUSD	+0.0066%	1h	0.2109	+0.171%	$2.7M	$5.5M	50x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2104	−0.052%	$62K	$530K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2102	−0.134%	$47K	$221	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2104	−0.036%	$662K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2107	+0.090%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2103	−0.100%	$407K	$575K	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	0.2107	+0.090%	$130.0M	$455.0M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2106	+0.052%	$87.8M	$190.4M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2106	+0.062%	$20.4M	$111.6M	50x	as long as short
Ondo Perps ENA-USD.Pshort	+0.0100%	1h	0.2099	−0.309%	$15K	$397K	5x
Arcus ENA-USD	+0.0100%	1h	0.2104	−0.052%	$82K	$220K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2099	−0.277%	$89K	$500	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2107	+0.076%	$10.5M	$21.4M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2107	+0.095%	$46.7M	$47.0M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2107	+0.105%	$24.0M	$16.3M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2105	+0.010%	$47.6M	$64.7M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2107	+0.067%	—	$32.8M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2097	−0.377%	$3.8M	$10.3M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2098	−0.343%	$249K	$7.7M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2096	−0.446%	$350K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2096	−0.432%	$32K	$711K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2106	+0.024%	$177K	$2.6M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2053	−2.461%	$1K	$816K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2108	+0.138%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2104	−0.043%	$274K	$1.5M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2107	+0.090%	$2.0M	$9.1M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2107	+0.114%	$77K	$11K	3x	as long as short
Phoenix ENA	+0.0115%	1h	0.2098	−0.318%	$5K	$356K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	+0.0130%	1h	0.2108	+0.147%	$92K	$1.8M	50x	as long as short
01 Exchange ENAUSD	+0.0144%	1h	0.2105	0.000%	$4K	$312	10x	as long as short
GMX ENA/USD [ETH-USDC]long	L +0.0246% / S −0.0424%	1h	0.2105	long leg	$38K	—	100x
BloFin ENA-USDT	+0.0340%	4h	0.2103	−0.105%	$5.5M	$8.0M	75x	as long as short
Extended ENA-USD	+0.0352%	1h	0.2106	+0.041%	$1.6M	$4.1M	50x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2105	−0.007%	$1K	$5K	15x	as long as short
Lighter ENA	+0.0552%	1h	0.2111	+0.261%	$5.7M	$12.9M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0576%	1h	0.2100	−0.238%	$827K	$2.1M	50x	as long as short
Hyperliquid ENA	+0.0589%	1h	0.2109	+0.200%	$111.4M	$78.5M	10x	as long as short
dYdX ENA-USD	+0.1983%	1h	0.2102	−0.125%	$139K	$15K	5x	as long as short