ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0178%/8h= −19.5% APRnext payment −$0.22 per $10,000 · paid last 24h −0.134%

Price spread now: GMX against Lighter−0.126%7-day average — · you buy dearer than you sell

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

Long on Lighter Short on GMX

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 airdropLighter: Season 3 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and GMX is 0.126% cheaper against Lighter than usual: you would sell low and buy high (−$13 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	Lighter ENA	0.2110	0.0384	pay 0.0048% / 1h	39m 46s	$5.5M	$13.6M	10x
Short	GMX ENA/USD [ETH-USDC]	0.2108	L +0.0251% / S −0.0206%	get 0.0026% / 1h	39m 46s	$50K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Lighter. 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 LighterbpFee GMXbpOrdersPrice spread, now −0.126%Rate

Funding earned: −$37.37
Price spread: −0.126% → 0.000%: −$12.56
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: −$61.93
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 9 min ago; GMX: 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 Lighter live order book, 9 min ago	1.42 bp	2.1 bp −$2	4.8 bp −$48	206.2 bp −$20.6K	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2108	−0.123%	$79K	$1.3M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2107	−0.142%	$82K	—	150x	as long as short
Orderly PERP_ENA_USDC	+0.0005%	4h	0.2107	−0.175%	$44K	$27K	10x	as long as short
01 Exchange ENAUSD	+0.0016%	1h	0.2110	−0.005%	$4K	$302	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.616%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2110	−0.019%	$55K	$499K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2108	−0.114%	$681K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2111	+0.014%	$113.4M	$71.2M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2110	−0.032%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2111	+0.036%	$412K	$516K	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	0.2109	−0.066%	$129.5M	$423.8M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2109	−0.085%	$86.5M	$176.5M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2109	−0.062%	$20.8M	$102.7M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2112	+0.095%	$19K	$376K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2110	−0.019%	$78K	$288K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2113	+0.123%	$93K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2109	−0.062%	$11.0M	$21.2M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2109	−0.062%	$45.4M	$41.8M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2110	−0.024%	$24.5M	$15.7M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2107	−0.137%	$48.0M	$58.0M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2109	−0.062%	—	$6.5M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2109	−0.085%	$373K	$364K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2112	+0.073%	$3.4M	$10.3M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2113	+0.106%	$243K	$7.3M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2115	+0.215%	$362K	$4.8M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2116	+0.265%	$32K	$648K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2110	−0.024%	$183K	$2.3M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2061	−2.346%	$1K	$841K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2107	−0.161%	$3K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2117	+0.294%	$277K	$780K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2108	−0.114%	$1.9M	$8.9M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2111	+0.032%	$47K	$110	10x	as long as short
dYdX ENA-USD	+0.0102%	1h	0.2111	+0.024%	$139K	$15K	5x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2107	−0.161%	$74K	$4K	3x	as long as short
Extended ENA-USD	+0.0112%	1h	0.2109	−0.058%	$1.6M	$4.1M	50x	as long as short
Phoenix ENA	+0.0150%	1h	0.2118	+0.351%	$8K	$298K	10x	as long as short
GMX ENA/USD [ETH-USDC]short	L +0.0251% / S −0.0206%	1h	0.2108	−0.126%	$50K	—	100x
Kraken Futures PF_ENAUSD	+0.0286%	1h	0.2109	−0.074%	$2.6M	$4.3M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2110	0.000%	$5.6M	$3.1M	75x	as long as short
Lighter ENAlong	+0.0384%	1h	0.2110	long leg	$5.5M	$13.6M	10x
Reya ENARUSDPERP	+0.0412%	1h	0.2106	−0.209%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0664%	1h	0.2117	+0.327%	$833K	$1.5M	50x	as long as short