ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0258%/8h= +28.2% APRnext payment +$0.32 per $10,000 · paid last 24h +0.015%

Price spread now: GMX against SoDEX−0.291%55s7-day average — · you buy dearer than you sell

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

Long on SoDEX 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—needs both histories

Funding pays, the price is against you. GMX is 0.291% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.291% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$29 on $10k: about 3.8 days of funding at the current rate (+$8 a day). The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX ENA-USD	0.2117	0.0100	pay 0.0013% / 1h	52m 27s	$4K	$7K	10x
Short	GMX ENA/USD [ETH-USDC]	0.2111	L +0.0306% / S −0.0358%	get 0.0045% / 1h	52m 27s	$70K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against SoDEX. 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 SoDEXbpFee GMXbpOrdersPrice spread, now −0.291%Rate

Funding earned: $54.1
Price spread: −0.291% → 0.000%: −$29.15
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: $4.95
Costs to cover: 0.200%
Break-even: 6.4 days

Slippage unknown: SoDEX: no order-book sample; 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 SoDEX no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

SoDEX and 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	−0.0215%	1h	0.2118	+0.061%	$362K	$401K	5x	as long as short
Phemex ENAUSDT	−0.0135%	4h	0.2118	+0.047%	$1.8M	$8.9M	50x	as long as short
Orderly PERP_ENA_USDC	−0.0085%	4h	0.2116	−0.028%	$44K	$25K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2117	+0.019%	$73K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2111	−0.283%	$82K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.302%	$522	$57K	5.5x	as long as short
dYdX ENA-USD	+0.0054%	1h	0.2114	−0.162%	$140K	$15K	5x	as long as short
01 Exchange ENAUSD	+0.0064%	1h	0.2113	−0.175%	$4K	$302	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2112	−0.236%	$56K	$464K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2113	−0.204%	$47K	$110	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado ENA-PERP	+0.0100%	1h	0.2112	−0.229%	$656K	$1.7M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2115	−0.096%	$1.5M	$3.2M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2115	−0.098%	$403K	$511K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2113	−0.189%	$128.5M	$415.5M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2112	−0.231%	$85.4M	$175.3M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2113	−0.198%	$21.1M	$103.9M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2114	−0.123%	$20K	$325K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2114	−0.142%	$79K	$276K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2115	−0.078%	$93K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2114	−0.161%	$11.1M	$22.1M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2112	−0.227%	$46.1M	$40.9M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2114	−0.142%	$25.0M	$15.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2111	−0.288%	$48.0M	$57.8M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2113	−0.198%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2108	−0.435%	$3.0M	$10.0M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2109	−0.361%	$243K	$6.9M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2111	−0.296%	$352K	$5.0M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2112	−0.236%	$20K	$649K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2114	−0.161%	$178K	$2.3M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2064	−2.494%	$1K	$852K	20x	as long as short
SoDEX ENA-USDlong	+0.0100%	1h	0.2117	long leg	$4K	$7K	10x
HTX ENA-USDT	+0.0100%	4h	0.2119	+0.085%	$274K	$793K	50x	as long as short
Lighter ENA	+0.0104%	1h	0.2117	−0.009%	$5.2M	$13.2M	10x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2112	−0.242%	$1.6M	$4.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2117	+0.024%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0113%	1h	0.2109	−0.368%	$8K	$274K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0172%	1h	0.2119	+0.099%	$2.6M	$4.3M	50x	as long as short
GMX ENA/USD [ETH-USDC]short	L +0.0306% / S −0.0358%	1h	0.2111	−0.291%	$70K	—	100x
BloFin ENA-USDT	+0.0340%	4h	0.2114	−0.128%	$5.6M	$3.0M	75x	as long as short
Hyperliquid ENA	+0.0365%	1h	0.2115	−0.080%	$115.3M	$74.0M	10x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2111	−0.274%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0656%	1h	0.2120	+0.137%	$866K	$1.7M	50x	as long as short