ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0523%/8h= −57.3% APRnext payment −$0.65 per $10,000 · paid last 24h −0.067%

Price spread now: Deribit against GMX+0.057%7-day average — · you sell dearer than you buy

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

Long on GMX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 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

The price spread pays, funding is against you. Deribit is 0.057% dearer against GMX than usual: you sell high and buy low (spread +0.057% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 9 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX ENA/USD [ETH-USDC]	0.2103	L +0.0523% / S −0.0754%	pay 0.0065% / 1h	26m 45s	$58K	—	100x
Short	Deribit ENA_USDC-PERPETUAL	0.2104	0	get 0.0000% / 1h	26m 45s	$65K	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against GMX. 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 GMXbpFee DeribitbpOrdersPrice spread, now +0.057%Rate

Funding earned: −$109.88
Price spread: +0.057% → 0.000%: $5.71
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$123.18
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Deribit: live order book, just now. 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 GMX no order-book sample	—	—	—	—	—
Sell Deribit live order book, just now	5.71 bp	9.2 bp −$9	16.7 bp −$167	doesn't fit	doesn't fit

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 exchanges

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
Orderly PERP_ENA_USDC	−0.0151%	4h	0.2103	−0.010%	$44K	$16K	10x	as long as short
Kraken Futures PF_ENAUSD	−0.0099%	1h	0.2104	+0.041%	$2.6M	$3.0M	50x	as long as short
Deribit ENA_USDC-PERPETUALshort	0.0000%	1h	0.2104	+0.057%	$65K	$1.1M	50x
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2103	+0.017%	$81K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2122	+0.904%	$734	$57K	5.5x	as long as short
Phoenix ENA	+0.0038%	1h	0.2100	−0.138%	$13K	$290K	10x	as long as short
01 Exchange ENAUSD	+0.0048%	1h	0.2103	+0.019%	$4K	—	10x	as long as short
Bitget ENAUSDT	+0.0060%	4h	0.2100	−0.157%	$47.6M	$53.4M	75x	as long as short
Lighter ENA	+0.0096%	1h	0.2104	+0.067%	$5.0M	$12.2M	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2102	−0.043%	$51K	$391K	50x	as long as short

Show all 42 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex ENA-USD-PERP	+0.0100%	8h	0.2105	+0.111%	$47K	—	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2103	+0.019%	$546K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2103	+0.010%	$112.2M	$74.7M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2103	+0.014%	$1.2M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2103	−0.012%	$382K	$487K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2103	−0.010%	$124.7M	$398.1M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2102	−0.024%	$84.5M	$182.1M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2103	−0.010%	$20.5M	$96.3M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2102	−0.062%	$38K	$305K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2104	+0.052%	$78K	$213K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2118	+0.718%	$103K	$11K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2101	−0.081%	$14.3M	$27.3M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2100	−0.128%	$43.5M	$40.2M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2101	−0.076%	$24.8M	$14.2M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2101	−0.095%	—	$28.9M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2101	−0.076%	$405K	$454K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2102	−0.036%	$2.9M	$7.6M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2102	−0.022%	$241K	$6.5M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2104	+0.043%	$355K	$4.1M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2106	+0.147%	$19K	$650K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2103	+0.005%	$121K	$2.7M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2051	−2.449%	$989	$934K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2104	+0.052%	$6K	$5K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2111	+0.371%	$272K	$743K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2103	+0.005%	$1.8M	$9.1M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2099	−0.182%	$1.6M	$4.5M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2103	+0.025%	$74K	$4K	3x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2103	−0.010%	$5.5M	$3.4M	75x	as long as short
Reya ENARUSDPERP	+0.0411%	1h	0.2103	−0.016%	$1K	—	15x	as long as short
dYdX ENA-USD	+0.0421%	1h	0.2102	−0.035%	$139K	$17K	5x	as long as short
Coinbase International ENA-PERP-INTX	+0.0520%	1h	0.2107	+0.219%	$770K	$1.8M	50x	as long as short
GMX ENA/USD [ETH-USDC]long	L +0.0523% / S −0.0754%	1h	0.2103	long leg	$58K	—	100x