ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0001%/8h= +0.2% APRnext payment +$0.00 per $10,000 · paid last 24h +0.013%

Price spread now: gTrade (Gains Network) against Backpack−0.260%7-day average −0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$360as in the Price arb table

costs, in and out, $10k−$3373.367% of the position

Long on Backpack Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.170%−$17 on $10k

Price spread, last 3 days (all we have)+0.337%+$34 · spread now −0.260%, 7d avg −0.026%

Together, before fees+0.166%+$17 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: gTrade (Gains Network) is 0.233% cheaper against Backpack than usual: you would sell low and buy high, −$23 on $10k if it goes back to its 7-day average of −0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack ENA_USDC_PERP	0.2122	0.0002	pay 0.0000% / 1h	31m 58s	$378K	$415K	5x
Short	gTrade (Gains Network) ENA/USD	0.2116	L +0.0003% / S −0.0003%	get 0.0000% / 1h	31m 58s	$97K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Backpack. 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 BackpackbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.260%Rate

Funding earned: $0.3
Price spread: −0.260% → −0.026%: −$23.34
Slippage, 4 orders: −$316.73
Fee Backpack: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$359.77
Costs to cover: 3.367%
Break-even: 8421.1 days

Slippage from Backpack: live order book, 42 min ago; gTrade (Gains Network): virtual book (oracle venue), 22 min ago.

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 Backpack live order book, 42 min ago	0.23 bp	9.4 bp −$9	38.7 bp −$387	doesn't fit	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 22 min ago	130.03 bp	135.0 bp −$135	748.2 bp −$7,482	doesn't fit	doesn't fit

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	0.2120	−0.094%	$81K	$1.7M	50x	as long as short
Backpack ENA_USDC_PERPlong	+0.0002%	1h	0.2122	long leg	$378K	$415K	5x
gTrade (Gains Network) ENA/USDshort	L +0.0003% / S −0.0003%	1h	0.2116	−0.260%	$97K	—	150x
Orderly PERP_ENA_USDC	+0.0028%	4h	0.2116	−0.250%	$41K	$23K	10x	as long as short
dYdX ENA-USD	+0.0028%	1h	0.2116	−0.277%	$140K	$15K	5x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.085%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2113	−0.405%	$62K	$519K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2114	−0.358%	$672K	$1.7M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2121	−0.036%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2114	−0.344%	$410K	$552K	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	0.2121	−0.017%	$131.6M	$443.6M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2122	0.000%	$89.3M	$185.5M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2122	0.000%	$20.8M	$109.0M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2116	−0.283%	$15K	$399K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2115	−0.311%	$105K	$242K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2117	−0.240%	$89K	−$0	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2120	−0.080%	$10.8M	$20.8M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2122	+0.033%	$46.0M	$44.3M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2123	+0.061%	$24.4M	$16.5M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2121	−0.014%	$48.1M	$61.5M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2120	−0.071%	—	$32.6M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2115	−0.324%	$3.8M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2113	−0.387%	$246K	$7.5M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2113	−0.416%	$356K	$4.7M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2118	−0.170%	$34K	$686K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2115	−0.311%	$178K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2067	−2.550%	$984	$827K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2120	−0.075%	$4K	$10K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2117	−0.212%	$275K	$1.2M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2120	−0.075%	$1.9M	$9.4M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2113	−0.389%	$47K	$221	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2116	−0.248%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0150%	1h	0.2116	−0.273%	$7K	$347K	10x	as long as short
01 Exchange ENAUSD	+0.0224%	1h	0.2114	−0.344%	$4K	$302	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0235%	1h	0.2122	+0.005%	$2.7M	$5.1M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0250% / S −0.0434%	1h	0.2116	−0.260%	$38K	—	100x	as long as short
Extended ENA-USD	+0.0280%	1h	0.2122	−0.004%	$1.6M	$4.3M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2117	−0.212%	$5.6M	$2.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2114	−0.355%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0608%	1h	0.2120	−0.085%	$837K	$1.8M	50x	as long as short
Lighter ENA	+0.0656%	1h	0.2123	+0.061%	$5.6M	$12.6M	10x	as long as short
Hyperliquid ENA	+0.0714%	1h	0.2124	+0.118%	$114.6M	$75.3M	10x	as long as short