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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 07:00 UTC+0.0096%/8h= +10.5% APRnext payment +$0.12 per $10,000 · paid last 24h +0.029%
Price spread now: Polymarket Perps against gTrade (Gains Network)−0.024%115s7-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 Polymarket Perps
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. Polymarket Perps is 0.024% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.024% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 20 hours of funding at the current rate (+$3 a day). The two prices were read 115 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 +0.0004% / S −0.0004%pay 0.0000% / 1h18m 39s$82K—150x
ShortPolymarket Perps ENA-USD0.21270.0100get 0.0013% / 1h18m 39s$186K$2.6M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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
$20.23
Price spread: −0.024% → 0.000%
−$2.4
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$0.17
Costs to cover
0.180%
Break-even
7.1 days
Slippage unknown: gTrade (Gains Network): no order-book sample; Polymarket Perps: live order book, 5 min ago. 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) no order-book sample—————
Sell Polymarket Perps live order book, 5 min ago3.05 bp7.1 bp −$79.7 bp −$97doesn't fitdoesn't fit
gTrade (Gains Network): 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−0.0113%4h0.2126−0.052%$44K$26K10xas long as short
Deribit ENA_USDC-PERPETUAL0.0000%1h0.2127−0.029%$54K$1.1M50xas long as short
gTrade (Gains Network) ENA/USDlongL +0.0004% / S −0.0004%1h0.2127long leg$82K—150x
01 Exchange ENAUSD+0.0008%1h0.2127−0.024%$4K$27710xas long as short
Injective ENA/USDC PERP+0.0033%1h0.2123−0.174%$522$57K5.5xas long as short
Popdex ENAUSDT+0.0096%1h0.2126−0.052%$54K$484K50xas long as short
Paradex ENA-USD-PERP+0.0100%8h0.2127−0.023%$48K$11010xas long as short
Nado ENA-PERP+0.0100%1h0.2124−0.146%$563K$1.8M10xas long as short
Hyperliquid ENA+0.0100%1h0.2130+0.112%$115.4M$76.0M10xas long as short
Aster ENAUSDT+0.0100%4h0.2127+0.003%$1.4M$3.3M50xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica ENA+0.0100%1h0.2127+0.007%$403K$546K10xas long as short
Binance ENAUSDT+0.0100%4h0.2126−0.030%$128.8M$428.6M75xas long as short
Bybit ENAUSDT+0.0100%4h0.2126−0.071%$91.2M$187.6M50xas long as short
OKX ENA-USDT-SWAP+0.0100%4h0.2127−0.005%$21.3M$108.7M50xas long as short
Ondo Perps ENA-USD.P+0.0100%1h0.2126−0.047%$33K$331K5xas long as short
Arcus ENA-USD+0.0100%1h0.2127−0.005%$79K$281K10xas long as short
Bulk ENA-USD+0.0100%1h0.2128+0.048%$93K$51110xas long as short
Gate ENA_USDT+0.0100%4h0.2127−0.010%$12.5M$26.6M50xas long as short
MEXC ENA_USDT+0.0100%4h0.2127+0.004%$37.9M$43.0M200xas long as short
KuCoin ENAUSDTM+0.0100%4h0.2128+0.042%$24.9M$15.7M75xas long as short
Bitget ENAUSDT+0.0100%4h0.2125−0.099%$48.2M$60.0M75xas long as short
BingX ENA-USDT+0.0100%4h0.2126−0.038%—$31.7M—as long as short
Variational Omni ENA+0.0100%4h0.2125−0.114%$3.1M$10.2M—as long as short
edgeX ENAUSDC+0.0100%4h0.2130+0.151%$258K$7.1M20xas long as short
GRVT ENA_USDT_Perp+0.0100%4h0.2131+0.194%$356K$5.1M10xas long as short
ApeX Omni ENAUSDT+0.0100%1h0.2128+0.042%$19K$645K50xas long as short
Polymarket Perps ENA-USDshort+0.0100%1h0.2127−0.024%$186K$2.6M10x
SunX ENA-USDT+0.0100%4h0.2076−2.422%$1K$904K20xas long as short
SoDEX ENA-USD+0.0100%1h0.2127−0.005%$4K$7K10xas long as short
HTX ENA-USDT+0.0100%4h0.2129+0.089%$267K$820K50xas long as short
Phemex ENAUSDT+0.0100%4h0.2127−0.005%$1.8M$8.8M50xas long as short
Extended ENA-USD+0.0104%1h0.2125−0.079%$1.6M$4.3M50xas long as short
Aevo ENA-PERP+0.0104%1h0.2127−0.021%$74K$4K3xas long as short
Phoenix ENA+0.0110%1h0.2128+0.061%$8K$276K10xas long as short
dYdX ENA-USD+0.0194%1h0.2125−0.110%$140K$16K5xas long as short
Lighter ENA+0.0200%1h0.2129+0.089%$5.0M$13.5M10xas long as short
GMX ENA/USD [ETH-USDC]L +0.0307% / S −0.0753%1h0.2126−0.036%$58K—100xas long as short
BloFin ENA-USDT+0.0340%4h0.2127−0.019%$5.6M$3.3M75xas long as short
Reya ENARUSDPERP+0.0412%1h0.2125−0.096%$1K$5K15xas long as short
Kraken Futures PF_ENAUSD+0.0443%1h0.2128+0.026%$2.6M$4.4M50xas long as short
Backpack ENA_USDC_PERP+0.0457%1h0.2127+0.014%$395K$437K5xas long as short
Coinbase International ENA-PERP-INTX+0.0616%1h0.2135+0.394%$881K$1.8M50xas long as short