ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0133%/8h= −14.5% APRnext payment −$0.17 per $10,000 · paid last 24h −0.076%

Price spread now: Kraken Futures against GMX+0.044%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 Kraken Futures

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

The price spread pays, funding is against you. Kraken Futures is 0.044% dearer against GMX than usual: you sell high and buy low (spread +0.044% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 26 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX ENA/USD [ETH-USDC]	0.2107	L +0.0306% / S −0.0358%	pay 0.0038% / 1h	16m 14s	$70K	—	100x
Short	Kraken Futures PF_ENAUSD	0.2108	0.0173	get 0.0022% / 1h	16m 14s	$2.6M	$4.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.044%Rate

Funding earned: −$27.88
Price spread: +0.044% → 0.000%: $4.37
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$45.51
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Kraken Futures: live order book, 3 min ago. 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 Kraken Futures live order book, 3 min ago	9.51 bp	20.4 bp −$20	24.8 bp −$248	125.6 bp −$12.6K	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 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
Orderly PERP_ENA_USDC	−0.0120%	4h	0.2105	−0.067%	$44K	$26K	10x	as long as short
Backpack ENA_USDC_PERP	−0.0078%	1h	0.2108	+0.066%	$359K	$401K	5x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2107	−0.015%	$73K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2107	+0.004%	$82K	—	150x	as long as short
01 Exchange ENAUSD	+0.0016%	1h	0.2107	−0.010%	$4K	$277	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.787%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2106	−0.038%	$56K	$465K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2107	+0.017%	$47K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2106	−0.027%	$654K	$1.7M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2107	+0.011%	$1.5M	$3.2M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ENA	+0.0100%	1h	0.2107	0.000%	$401K	$513K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2107	+0.014%	$127.7M	$413.3M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2107	+0.019%	$85.2M	$174.3M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2108	+0.042%	$21.0M	$103.4M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2104	−0.152%	$22K	$327K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2107	+0.009%	$78K	$276K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2100	−0.326%	$92K	−$0	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2107	+0.014%	$11.3M	$22.4M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2107	+0.023%	$45.7M	$41.0M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2107	+0.028%	$24.9M	$15.5M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2105	−0.062%	$47.8M	$57.5M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2107	+0.014%	—	$31.8M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2105	−0.087%	$3.0M	$10.0M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2103	−0.180%	$242K	$6.8M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2106	−0.053%	$349K	$5.0M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2105	−0.086%	$20K	$652K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2108	+0.037%	$190K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2056	−2.431%	$1K	$854K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2106	−0.038%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2111	+0.194%	$273K	$789K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2106	−0.038%	$1.7M	$8.9M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2106	−0.059%	$1.6M	$4.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2107	−0.008%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0113%	1h	0.2103	−0.171%	$8K	$274K	10x	as long as short
Hyperliquid ENA	+0.0143%	1h	0.2109	+0.113%	$114.6M	$74.1M	10x	as long as short
Kraken Futures PF_ENAUSDshort	+0.0173%	1h	0.2108	+0.044%	$2.6M	$4.3M	50x
Lighter ENA	+0.0192%	1h	0.2109	+0.085%	$5.2M	$13.3M	10x	as long as short
GMX ENA/USD [ETH-USDC]long	L +0.0306% / S −0.0358%	1h	0.2107	long leg	$70K	—	100x
BloFin ENA-USDT	+0.0340%	4h	0.2107	+0.028%	$5.5M	$3.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2106	−0.038%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0656%	1h	0.2109	+0.099%	$863K	$1.7M	50x	as long as short
dYdX ENA-USD	+0.1114%	1h	0.2107	−0.009%	$139K	$15K	5x	as long as short