ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0115%/8h= −12.6% APRnext payment −$0.14 per $10,000 · paid last 24h +0.089%

Price spread now: Lighter against GMX+0.146%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 Lighter

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—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

The price spread pays, funding is against you. Lighter is 0.146% dearer against GMX than usual: you sell high and buy low (spread +0.146% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX ENA/USD [ETH-USDC]	0.2126	L +0.0307% / S −0.0753%	pay 0.0038% / 1h	19m 59s	$58K	—	100x
Short	Lighter ENA	0.2129	0.0192	get 0.0024% / 1h	19m 59s	$5.0M	$13.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.146%Rate

Funding earned: −$24.14
Price spread: +0.146% → 0.000%: $14.58
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$21.55
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; Lighter: live order book, 9 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 Lighter live order book, 9 min ago	1.41 bp	7.1 bp −$7	22.8 bp −$228	310.1 bp −$31.0K	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	−0.0113%	4h	0.2127	+0.028%	$44K	$26K	10x	as long as short
01 Exchange ENAUSD	0.0000%	1h	0.2130	+0.179%	$4K	$277	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2127	+0.056%	$55K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2127	+0.057%	$82K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−0.118%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2129	+0.146%	$54K	$483K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2128	+0.121%	$48K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2128	+0.106%	$564K	$1.8M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2127	+0.066%	$115.3M	$76.0M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2125	−0.035%	$1.4M	$3.3M	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	0.2129	+0.139%	$403K	$544K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2125	−0.058%	$128.7M	$428.8M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2124	−0.113%	$91.1M	$187.6M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2125	−0.033%	$21.3M	$108.7M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2126	+0.009%	$33K	$331K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2129	+0.146%	$79K	$281K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2128	+0.105%	$93K	$511	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2125	−0.047%	$12.5M	$26.6M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2127	+0.047%	$37.9M	$42.9M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2126	−0.014%	$24.9M	$15.8M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2122	−0.183%	$48.1M	$60.0M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2124	−0.089%	—	$31.8M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2125	−0.057%	$3.1M	$10.2M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2130	+0.208%	$258K	$7.1M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2131	+0.251%	$356K	$5.1M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2132	+0.287%	$19K	$644K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2130	+0.169%	$186K	$2.6M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2079	−2.216%	$1K	$904K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2127	+0.052%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2132	+0.282%	$267K	$820K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2127	+0.052%	$1.8M	$8.8M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2126	−0.012%	$1.6M	$4.3M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2127	+0.069%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0110%	1h	0.2133	+0.343%	$8K	$276K	10x	as long as short
Lighter ENAshort	+0.0192%	1h	0.2129	+0.146%	$5.0M	$13.5M	10x
dYdX ENA-USD	+0.0198%	1h	0.2127	+0.060%	$141K	$16K	5x	as long as short
GMX ENA/USD [ETH-USDC]long	L +0.0307% / S −0.0753%	1h	0.2126	long leg	$58K	—	100x
BloFin ENA-USDT	+0.0340%	4h	0.2127	+0.028%	$5.6M	$3.2M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2128	+0.084%	$1K	$5K	15x	as long as short
Kraken Futures PF_ENAUSD	+0.0443%	1h	0.2128	+0.111%	$2.6M	$4.4M	50x	as long as short
Backpack ENA_USDC_PERP	+0.0471%	1h	0.2126	−0.009%	$394K	$437K	5x	as long as short
Coinbase International ENA-PERP-INTX	+0.0616%	1h	0.2135	+0.452%	$881K	$1.8M	50x	as long as short