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

ENA

all ENA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0086%/8h= +9.4% APRnext payment +$0.11 per $10,000 · paid last 24h −0.013%
Price spread now: GMX against Extended+0.022%7-day average · you sell dearer than you buy
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 fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and GMX is 0.022% dearer against Extended than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ENA-USD0.21070.0344pay 0.0043% / 1h4m 49s$1.6M$4.1M50x
ShortGMX ENA/USD [ETH-USDC]0.2107L +0.0248% / S −0.0430%get 0.0054% / 1h4m 49s$38K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX against Extended. 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
$18.11
Price spread: +0.022% → 0.000%
$2.16
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee GMX: 6 bp × 2 orders
−$12
Net
$3.28
Costs to cover
0.170%
Break-even
5.7 days
Slippage unknown: Extended: live order book, 4 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
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 4 min ago0.24 bp6.0 bp −$612.3 bp −$123doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_ENA_USDC−0.0038%4h0.2106−0.016%$41K$24K10xas long as short
Backpack ENA_USDC_PERP−0.0006%1h0.2108+0.060%$372K$447K5xas long as short
Deribit ENA_USDC-PERPETUAL0.0000%1h0.2107+0.031%$92K$1.8M50xas long as short
gTrade (Gains Network) ENA/USDL +0.0003% / S −0.0003%1h0.2108+0.051%$101K150xas long as short
Injective ENA/USDC PERP+0.0033%1h0.2123+0.791%$522$57K5.5xas long as short
Kraken Futures PF_ENAUSD+0.0066%1h0.2109+0.097%$2.7M$5.5M50xas long as short
Popdex ENAUSDT+0.0096%1h0.2107+0.012%$62K$530K50xas long as short
Paradex ENA-USD-PERP+0.0100%8h0.2109+0.112%$47K$22110xas long as short
Nado ENA-PERP+0.0100%1h0.2107−0.002%$663K$1.8M10xas long as short
Aster ENAUSDT+0.0100%4h0.2110+0.165%$1.5M$3.3M50xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica ENA+0.0100%1h0.2110+0.150%$408K$575K10xas long as short
Binance ENAUSDT+0.0100%4h0.2110+0.146%$130.5M$455.0M75xas long as short
Bybit ENAUSDT+0.0100%4h0.2109+0.126%$88.1M$190.6M50xas long as short
OKX ENA-USDT-SWAP+0.0100%4h0.2110+0.159%$20.4M$111.6M50xas long as short
Ondo Perps ENA-USD.P+0.0100%1h0.2105−0.064%$15K$398K5xas long as short
Arcus ENA-USD+0.0100%1h0.2108+0.060%$82K$220K10xas long as short
Bulk ENA-USD+0.0100%1h0.2099−0.355%$89K$50010xas long as short
Gate ENA_USDT+0.0100%4h0.2108+0.064%$10.7M$21.6M50xas long as short
MEXC ENA_USDT+0.0100%4h0.2110+0.155%$46.4M$47.2M200xas long as short
KuCoin ENAUSDTM+0.0100%4h0.2109+0.083%$24.0M$16.4M75xas long as short
Bitget ENAUSDT+0.0100%4h0.2107+0.026%$47.7M$64.7M75xas long as short
BingX ENA-USDC+0.0100%4h0.2108+0.069%$6.5Mas long as short
Variational Omni ENA+0.0100%4h0.2109+0.124%$3.8M$10.3Mas long as short
edgeX ENAUSDC+0.0100%4h0.2108+0.047%$250K$7.7M20xas long as short
GRVT ENA_USDT_Perp+0.0100%4h0.2105−0.064%$358K$4.6M10xas long as short
ApeX Omni ENAUSDT+0.0100%1h0.2109+0.107%$32K$711K50xas long as short
Polymarket Perps ENA-USD+0.0100%1h0.2108+0.041%$177K$2.6M10xas long as short
SunX ENA-USDT+0.0100%4h0.2056−2.404%$1K$818K20xas long as short
SoDEX ENA-USD+0.0100%1h0.2107+0.012%$4K$14K10xas long as short
HTX ENA-USDT+0.0100%4h0.2117+0.463%$274K$1.5M50xas long as short
Phemex ENAUSDT+0.0100%4h0.2107+0.012%$2.0M$9.1M50xas long as short
Aevo ENA-PERP+0.0104%1h0.2107+0.012%$77K$11K3xas long as short
Phoenix ENA+0.0115%1h0.2109+0.131%$5K$356K10xas long as short
01 Exchange ENAUSD+0.0144%1h0.2108+0.045%$4K$31210xas long as short
GMX ENA/USD [ETH-USDC]shortL +0.0248% / S −0.0430%1h0.2107+0.022%$38K100x
BloFin ENA-USDT+0.0340%4h0.2107+0.022%$5.5M$8.1M75xas long as short
Extended ENA-USDlong+0.0344%1h0.2107long leg$1.6M$4.1M50x
Reya ENARUSDPERP+0.0412%1h0.2106−0.023%$1K$5K15xas long as short
Lighter ENA+0.0552%1h0.2112+0.230%$5.6M$12.9M10xas long as short
Coinbase International ENA-PERP-INTX+0.0576%1h0.2113+0.283%$835K$2.1M50xas long as short
Hyperliquid ENA+0.0583%1h0.2112+0.240%$111.5M$78.5M10xas long as short
dYdX ENA-USD+0.1982%1h0.2109+0.084%$139K$15K5xas long as short