Settings8H · net · $10k
Funding arb · Price arb /

ENA

all ENA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0234%/8h= +25.6% APRnext payment +$0.29 per $10,000 · paid last 24h +0.052%
Price spread now: GMX against 01 Exchange−0.075%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. GMX is 0.075% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.075% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 26 hours of funding at the current rate (+$7 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange ENAUSD0.21300.0200pay 0.0025% / 1h2m 45s$4K$30210x
ShortGMX ENA/USD [ETH-USDC]0.2128L +0.0250% / S −0.0434%get 0.0054% / 1h2m 45s$38K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX against 01 Exchange. 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

Funding earned
$49.13
Price spread: −0.075% → 0.000%
−$7.47
Slippage, 4 orders
no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee GMX: 6 bp × 2 orders
−$12
Net
$22.67
Costs to cover
0.190%
Break-even
3.8 days
Slippage unknown: 01 Exchange: 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
LegHalf-spread$10k$100k$1M$5M
Buy 01 Exchange no order-book sample
Sell GMX no order-book sample
01 Exchange 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit ENA_USDC-PERPETUAL0.0000%1h0.2129−0.042%$95K$1.7M50xas long as short
gTrade (Gains Network) ENA/USDL +0.0003% / S −0.0003%1h0.2129−0.055%$97K150xas long as short
Orderly PERP_ENA_USDC+0.0012%4h0.2128−0.099%$41K$24K10xas long as short
Injective ENA/USDC PERP+0.0033%1h0.2123−0.300%$522$57K5.5xas long as short
Backpack ENA_USDC_PERP+0.0057%1h0.2129−0.047%$379K$445K5xas long as short
Popdex ENAUSDT+0.0096%1h0.2128−0.085%$63K$527K50xas long as short
Nado ENA-PERP+0.0100%1h0.2128−0.099%$681K$1.8M10xas long as short
Aster ENAUSDT+0.0100%4h0.2129−0.051%$1.5M$3.3M50xas long as short
Pacifica ENA+0.0100%1h0.2127−0.120%$411K$559K10xas long as short
Binance ENAUSDT+0.0100%4h0.2127−0.131%$131.9M$449.8M75xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ENAUSDT+0.0100%4h0.2127−0.131%$89.3M$189.1M50xas long as short
OKX ENA-USDT-SWAP+0.0100%4h0.2127−0.155%$20.7M$110.7M50xas long as short
Ondo Perps ENA-USD.P+0.0100%1h0.2127−0.113%$15K$395K5xas long as short
Arcus ENA-USD+0.0100%1h0.2129−0.038%$84K$222K10xas long as short
Bulk ENA-USD+0.0100%1h0.2126−0.182%$90K$50010xas long as short
Gate ENA_USDT+0.0100%4h0.2127−0.117%$10.8M$21.7M50xas long as short
MEXC ENA_USDT+0.0100%4h0.2127−0.146%$46.5M$45.7M200xas long as short
KuCoin ENAUSDTM+0.0100%4h0.2129−0.056%$24.7M$16.4M75xas long as short
Bitget ENAUSDT+0.0100%4h0.2127−0.141%$48.2M$63.3M75xas long as short
BingX ENA-USDC+0.0100%4h0.2128−0.070%$6.5Mas long as short
Variational Omni ENA+0.0100%4h0.2121−0.396%$3.9M$10.2Mas long as short
edgeX ENAUSDC+0.0100%4h0.2122−0.364%$246K$7.6M20xas long as short
GRVT ENA_USDT_Perp+0.0100%4h0.2123−0.313%$360K$4.7M10xas long as short
ApeX Omni ENAUSDT+0.0100%1h0.2123−0.319%$34K$713K50xas long as short
Polymarket Perps ENA-USD+0.0100%1h0.2129−0.052%$179K$2.4M10xas long as short
SunX ENA-USDT+0.0100%4h0.2078−2.437%$1K$829K20xas long as short
SoDEX ENA-USD+0.0100%1h0.2128−0.085%$4K$11K10xas long as short
HTX ENA-USDT+0.0100%4h0.2130+0.009%$276K$1.4M50xas long as short
Phemex ENAUSDT+0.0100%4h0.2127−0.131%$1.9M$9.3M50xas long as short
Paradex ENA-USD-PERP+0.0100%8h0.2127−0.120%$48K$22110xas long as short
Aevo ENA-PERP+0.0104%1h0.2130+0.010%$78K$11K3xas long as short
Phoenix ENA+0.0189%1h0.2125−0.239%$7K$347K10xas long as short
01 Exchange ENAUSDlong+0.0200%1h0.2130long leg$4K$30210x
Kraken Futures PF_ENAUSD+0.0240%1h0.2129−0.014%$2.7M$5.2M50xas long as short
Extended ENA-USD+0.0248%1h0.2128−0.101%$1.6M$4.2M50xas long as short
GMX ENA/USD [ETH-USDC]shortL +0.0250% / S −0.0434%1h0.2128−0.075%$38K100x
BloFin ENA-USDT+0.0340%4h0.2127−0.113%$5.6M$4.7M75xas long as short
Reya ENARUSDPERP+0.0412%1h0.2128−0.094%$1K$5K15xas long as short
Coinbase International ENA-PERP-INTX+0.0552%1h0.2133+0.169%$842K$1.9M50xas long as short
Lighter ENA+0.0560%1h0.2129−0.047%$5.6M$12.9M10xas long as short
Hyperliquid ENA+0.0745%1h0.2132+0.089%$114.9M$78.3M10xas long as short
dYdX ENA-USD+0.1078%1h0.2128−0.091%$141K$15K5xas long as short