ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0150%/8h= −16.4% APRnext payment −$0.19 per $10,000 · paid last 24h −0.005%

Price spread now: Polymarket Perps against GMX+0.064%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 Polymarket 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—needs both histories

The price spread pays, funding is against you. Polymarket Perps is 0.064% dearer against GMX than usual: you sell high and buy low (spread +0.064% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 34 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX ENA/USD [ETH-USDC]	0.2115	L +0.0250% / S −0.0434%	pay 0.0031% / 1h	39m 54s	$38K	—	100x
Short	Polymarket Perps ENA-USD	0.2117	0.0100	get 0.0013% / 1h	39m 54s	$179K	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket 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 Polymarket PerpsbpOrdersPrice spread, now +0.064%Rate

Funding earned: −$31.49
Price spread: +0.064% → 0.000%: $6.38
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$45.1
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Polymarket Perps: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy GMX no order-book sample	—	—	—	—	—
Sell Polymarket Perps live order book, 4 min ago	3.30 bp	7.3 bp −$7	7.6 bp −$76	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
Backpack ENA_USDC_PERP	−0.0014%	1h	0.2117	+0.092%	$377K	$417K	5x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2116	+0.035%	$91K	$1.7M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2117	+0.054%	$97K	—	150x	as long as short
Orderly PERP_ENA_USDC	+0.0022%	4h	0.2116	+0.007%	$41K	$23K	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.376%	$522	$57K	5.5x	as long as short
dYdX ENA-USD	+0.0040%	1h	0.2117	+0.077%	$140K	$15K	5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2117	+0.073%	$62K	$524K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2117	+0.066%	$669K	$1.7M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2117	+0.087%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2117	+0.087%	$410K	$555K	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	0.2117	+0.084%	$131.3M	$446.3M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2117	+0.073%	$89.0M	$187.0M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2118	+0.106%	$20.7M	$109.2M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2117	+0.069%	$15K	$399K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2119	+0.168%	$84K	$221K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2113	−0.116%	$89K	−$0	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2117	+0.078%	$10.8M	$20.8M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2116	+0.045%	$46.3M	$44.2M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2118	+0.125%	$24.4M	$16.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2116	+0.035%	$48.0M	$61.9M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2117	+0.092%	—	$32.6M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2118	+0.122%	$3.9M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2119	+0.181%	$247K	$7.5M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2121	+0.241%	$355K	$4.7M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2117	+0.073%	$34K	$710K	50x	as long as short
Polymarket Perps ENA-USDshort	+0.0100%	1h	0.2117	+0.064%	$179K	$2.4M	10x
SunX ENA-USDT	+0.0100%	4h	0.2067	−2.267%	$1K	$829K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2116	+0.026%	$4K	$10K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2126	+0.499%	$276K	$1.4M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2116	+0.026%	$1.9M	$9.4M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2118	+0.125%	$47K	$221	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2115	−0.035%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0150%	1h	0.2117	+0.073%	$7K	$347K	10x	as long as short
01 Exchange ENAUSD	+0.0216%	1h	0.2118	+0.130%	$4K	$302	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0236%	1h	0.2118	+0.123%	$2.7M	$5.1M	50x	as long as short
GMX ENA/USD [ETH-USDC]long	L +0.0250% / S −0.0434%	1h	0.2115	long leg	$38K	—	100x
Extended ENA-USD	+0.0264%	1h	0.2116	+0.029%	$1.6M	$4.3M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2117	+0.064%	$5.6M	$3.8M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2116	+0.018%	$1K	$5K	15x	as long as short
Lighter ENA	+0.0592%	1h	0.2119	+0.168%	$5.6M	$12.5M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0608%	1h	0.2120	+0.206%	$837K	$1.9M	50x	as long as short
Hyperliquid ENA	+0.0677%	1h	0.2122	+0.295%	$114.4M	$75.3M	10x	as long as short