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Funding arb · Price arb /

ENA

all ENA markets
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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 00:00 UTC+0.0097%/8h= +10.6% APRnext payment +$0.12 per $10,000 · paid last 24h +0.029%
Price spread now: Bulk against gTrade (Gains Network)−0.053%48s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on gTrade (Gains Network)Short on Bulk
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. Bulk is 0.053% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.053% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 44 hours of funding at the current rate (+$3 a day). The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) ENA/USD0.2127L +0.0003% / S −0.0003%pay 0.0000% / 1h46m 30s$106K—150x
ShortBulk ENA-USD0.21250.0100get 0.0013% / 1h46m 30s$90K$50010x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bulk against gTrade (Gains Network). 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
$20.28
Price spread: −0.053% → 0.000%
−$5.35
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee Bulk: 3.5 bp × 2 orders
−$7
Net
−$2.07
Costs to cover
0.170%
Break-even
7.7 days
Slippage unknown: gTrade (Gains Network): virtual book (oracle venue), 38 min ago; Bulk: 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 gTrade (Gains Network) virtual book (oracle venue), 38 min ago130.03 bp186.1 bp −$1861556.6 bp −$15.6K15425.0 bp −$1.54Mdoesn't fit
Sell Bulk no order-book sample—————
Bulk: 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−0.0027%4h0.2127+0.032%$41K$24K10xas long as short
Deribit ENA_USDC-PERPETUAL0.0000%1h0.2128+0.051%$93K$1.8M50xas long as short
gTrade (Gains Network) ENA/USDlongL +0.0003% / S −0.0003%1h0.2127long leg$106K—150x
Injective ENA/USDC PERP+0.0033%1h0.2123−0.151%$522$57K5.5xas long as short
Backpack ENA_USDC_PERP+0.0095%1h0.2128+0.084%$376K$447K5xas long as short
Popdex ENAUSDT+0.0096%1h0.2126−0.029%$64K$522K50xas long as short
Nado ENA-PERP+0.0100%1h0.2124−0.109%$687K$1.8M10xas long as short
Aster ENAUSDT+0.0100%4h0.2127+0.031%$1.5M$3.3M50xas long as short
Pacifica ENA+0.0100%1h0.2127+0.033%$412K$567K10xas long as short
Binance ENAUSDT+0.0100%4h0.2126−0.008%$131.4M$454.8M75xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ENAUSDT+0.0100%4h0.2126−0.024%$89.1M$190.8M50xas long as short
OKX ENA-USDT-SWAP+0.0100%4h0.2126−0.024%$20.6M$112.1M50xas long as short
Ondo Perps ENA-USD.P+0.0100%1h0.2124−0.113%$15K$400K5xas long as short
Arcus ENA-USD+0.0100%1h0.2127+0.018%$84K$221K10xas long as short
Bulk ENA-USDshort+0.0100%1h0.2125−0.053%$90K$50010x
Gate ENA_USDT+0.0100%4h0.2126−0.033%$10.9M$21.3M50xas long as short
MEXC ENA_USDT+0.0100%4h0.2126−0.029%$47.0M$45.4M200xas long as short
KuCoin ENAUSDTM+0.0100%4h0.2127+0.009%$24.5M$16.3M75xas long as short
Bitget ENAUSDT+0.0100%4h0.2124−0.118%$48.1M$64.6M75xas long as short
BingX ENA-USDC+0.0100%4h0.2126−0.019%—$6.5M—as long as short
Variational Omni ENA+0.0100%4h0.2124−0.128%$3.9M$10.3M—as long as short
edgeX ENAUSDC+0.0100%4h0.2128+0.082%$253K$7.7M20xas long as short
GRVT ENA_USDT_Perp+0.0100%4h0.2129+0.133%$355K$4.6M10xas long as short
ApeX Omni ENAUSDT+0.0100%1h0.2124−0.123%$32K$711K50xas long as short
Polymarket Perps ENA-USD+0.0100%1h0.2127+0.037%$179K$2.6M10xas long as short
SunX ENA-USDT+0.0100%4h0.2076−2.394%$1K$823K20xas long as short
SoDEX ENA-USD+0.0100%1h0.2127+0.018%$4K$14K10xas long as short
HTX ENA-USDT+0.0100%4h0.2129+0.131%$277K$1.5M50xas long as short
Phemex ENAUSDT+0.0100%4h0.2127+0.018%$2.0M$9.2M50xas long as short
Paradex ENA-USD-PERP+0.0100%8h0.2126−0.030%$48K$22110xas long as short
Aevo ENA-PERP+0.0104%1h0.2128+0.054%$78K$11K3xas long as short
Phoenix ENA+0.0189%1h0.2125−0.062%$6K$347K10xas long as short
01 Exchange ENAUSD+0.0192%1h0.2128+0.056%$4K$30210xas long as short
Kraken Futures PF_ENAUSD+0.0240%1h0.2128+0.066%$2.7M$5.5M50xas long as short
GMX ENA/USD [ETH-USDC]L +0.0250% / S −0.0434%1h0.2126−0.012%$38K—100xas long as short
BloFin ENA-USDT+0.0340%4h0.2127+0.032%$5.6M$7.0M75xas long as short
Extended ENA-USD+0.0352%1h0.2126−0.049%$1.6M$4.2M50xas long as short
Reya ENARUSDPERP+0.0412%1h0.2127−0.004%$1K$5K15xas long as short
Coinbase International ENA-PERP-INTX+0.0552%1h0.2135+0.371%$843K$2.1M50xas long as short
Lighter ENA+0.0648%1h0.2130+0.136%$5.7M$12.8M10xas long as short
Hyperliquid ENA+0.0847%1h0.2131+0.197%$114.5M$78.9M10xas long as short
dYdX ENA-USD+0.1771%1h0.2127+0.004%$140K$15K5xas long as short