ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0443%/8h= +48.5% APRnext payment +$0.55 per $10,000 · paid last 24h +0.025%

Price spread now: GMX against Backpack+0.053%7-day average — · you sell dearer than you buy

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

Long on Backpack 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

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and GMX is 0.053% dearer against Backpack than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack ENA_USDC_PERP	0.2094	−0.0280	get 0.0035% / 1h	14m 03s	$360K	$484K	5x
Short	GMX ENA/USD [ETH-USDC]	0.2096	L +0.0214% / S −0.0163%	get 0.0020% / 1h	14m 03s	$50K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.053%Rate

Funding earned: $93.1
Price spread: +0.053% → 0.000%: $5.3
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $76.4
Costs to cover: 0.220%
Break-even: 1.3 days

Slippage unknown: Backpack: live order book, 10 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 Backpack live order book, 10 min ago	0.24 bp	10.1 bp −$10	47.0 bp −$470	doesn't fit	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
Backpack ENA_USDC_PERPlong	−0.0280%	1h	0.2094	long leg	$360K	$484K	5x
Orderly PERP_ENA_USDC	−0.0082%	4h	0.2095	+0.038%	$41K	$23K	10x	as long as short
01 Exchange ENAUSD	−0.0008%	1h	0.2097	+0.115%	$4K	$432	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2096	+0.076%	$93K	$1.8M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2096	+0.069%	$96K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+1.385%	$522	$57K	5.5x	as long as short
Gate ENA_USDT	+0.0058%	4h	0.2093	−0.048%	$10.4M	$21.7M	50x	as long as short
Phoenix ENA	+0.0076%	1h	0.2102	+0.377%	$5K	$394K	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2096	+0.076%	$60K	$538K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2096	+0.060%	$47K	$221	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	0.2096	+0.064%	$657K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2096	+0.087%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2097	+0.118%	$406K	$593K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2093	−0.045%	$129.0M	$465.6M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2092	−0.100%	$87.3M	$193.4M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2094	−0.043%	$20.2M	$113.5M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2100	+0.286%	$19K	$430K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2097	+0.124%	$82K	$223K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2107	+0.602%	$89K	$2K	10x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2095	+0.010%	$45.9M	$49.3M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2096	+0.067%	$24.2M	$16.5M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2092	−0.129%	$47.3M	$66.2M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2093	−0.057%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2096	+0.098%	$3.8M	$10.4M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2100	+0.270%	$250K	$8.0M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2100	+0.250%	$351K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2100	+0.267%	$32K	$711K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2097	+0.124%	$183K	$3.0M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2045	−2.368%	$1K	$809K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2096	+0.076%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2099	+0.239%	$272K	$1.6M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2095	+0.029%	$1.9M	$9.3M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2096	+0.082%	$77K	$11K	3x	as long as short
Kraken Futures PF_ENAUSD	+0.0104%	1h	0.2096	+0.098%	$2.6M	$5.8M	50x	as long as short
Extended ENA-USD	+0.0168%	1h	0.2092	−0.114%	$1.6M	$4.2M	50x	as long as short
GMX ENA/USD [ETH-USDC]short	L +0.0214% / S −0.0163%	1h	0.2096	+0.053%	$50K	—	100x
Lighter ENA	+0.0312%	1h	0.2098	+0.167%	$5.7M	$13.2M	10x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2097	+0.115%	$5.5M	$8.1M	75x	as long as short
Hyperliquid ENA	+0.0351%	1h	0.2096	+0.081%	$110.6M	$80.7M	10x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2095	+0.037%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0536%	1h	0.2103	+0.411%	$805K	$2.2M	50x	as long as short
dYdX ENA-USD	+0.5752%	1h	0.2098	+0.186%	$139K	$15K	5x	as long as short