ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0105%/8h= +11.4% APRnext payment +$0.13 per $10,000 · paid last 24h +0.076%

Price spread now: Reya against GMX−0.084%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 Reya

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 airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.084% cheaper against GMX than usual: you would sell low and buy high (spread −0.084% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 2.7 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX ENA/USD [ETH-USDC]	0.2122	L +0.0307% / S −0.0358%	pay 0.0038% / 1h	35m 50s	$70K	—	100x
Short	Reya ENARUSDPERP	0.2120	0.0412	get 0.0051% / 1h	35m 50s	$1K	$5K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.084%Rate

Funding earned: $21.96
Price spread: −0.084% → 0.000%: −$8.37
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: −$4.42
Costs to cover: 0.180%
Break-even: 8.4 days

Slippage unknown: GMX: no order-book sample; Reya: 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 Reya no order-book sample	—	—	—	—	—

GMX and Reya: 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	−0.0143%	4h	0.2121	−0.047%	$44K	$25K	10x	as long as short
01 Exchange ENAUSD	0.0000%	1h	0.2122	+0.014%	$4K	$277	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2122	−0.024%	$73K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2122	−0.008%	$82K	—	150x	as long as short
Gate ENA_USDT	+0.0016%	4h	0.2126	+0.174%	$11.2M	$23.6M	50x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.061%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2121	−0.052%	$57K	$467K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2122	−0.014%	$47K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2120	−0.075%	$658K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2127	+0.254%	$115.5M	$74.3M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ENAUSDT	+0.0100%	4h	0.2127	+0.236%	$1.4M	$3.2M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2121	−0.047%	$398K	$525K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2126	+0.176%	$128.7M	$417.7M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2126	+0.198%	$86.0M	$175.2M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2127	+0.212%	$21.3M	$104.8M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2104	−0.848%	$20K	$321K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2122	−0.005%	$79K	$276K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2112	−0.476%	$93K	−$0	10x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2126	+0.198%	$46.9M	$40.9M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2128	+0.259%	$25.1M	$15.5M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2125	+0.156%	$48.3M	$58.0M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2126	+0.188%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2122	−0.023%	$3.1M	$10.0M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2100	−1.032%	$241K	$6.9M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2102	−0.945%	$357K	$4.9M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2101	−0.994%	$20K	$648K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2122	0.000%	$189K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2072	−2.380%	$915	$869K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2121	−0.052%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2129	+0.302%	$268K	$797K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2121	−0.052%	$1.8M	$8.9M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2126	+0.190%	$1.6M	$4.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2120	−0.120%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0153%	1h	0.2111	−0.537%	$8K	$278K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0162%	1h	0.2122	−0.002%	$2.6M	$4.3M	50x	as long as short
Lighter ENA	+0.0200%	1h	0.2129	+0.306%	$5.3M	$13.0M	10x	as long as short
GMX ENA/USD [ETH-USDC]long	L +0.0307% / S −0.0358%	1h	0.2122	long leg	$70K	—	100x
BloFin ENA-USDT	+0.0340%	4h	0.2120	−0.075%	$5.5M	$3.0M	75x	as long as short
dYdX ENA-USD	+0.0344%	1h	0.2119	−0.133%	$140K	$15K	5x	as long as short
Reya ENARUSDPERPshort	+0.0412%	1h	0.2120	−0.084%	$1K	$5K	15x
Backpack ENA_USDC_PERP	+0.0593%	1h	0.2123	+0.061%	$360K	$400K	5x	as long as short
Coinbase International ENA-PERP-INTX	+0.0704%	1h	0.2111	−0.504%	$864K	$1.7M	50x	as long as short