Settings8H · net · $10k
Funding arb · Price arb /

ENA

all ENA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC+0.0930%/8h= +101.8% APRnext payment +$1.16 per $10,000 · paid last 24h +0.087%
Price spread now: GMX against 01 Exchange−0.059%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. GMX is 0.059% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.059% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 5 hours of funding at the current rate (+$28 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange ENAUSD0.2091−0.0176get 0.0022% / 1h6m 10s$4K$6010x
ShortGMX ENA/USD [ETH-USDC]0.2089L +0.0304% / S −0.0754%get 0.0094% / 1h6m 10s$57K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX against 01 Exchange. 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
$195.23
Price spread: −0.059% → 0.000%
−$5.88
Slippage, 4 orders
no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee GMX: 6 bp × 2 orders
−$12
Net
$170.35
Costs to cover
0.190%
Break-even
0.9 days
Slippage unknown: 01 Exchange: no order-book sample; GMX: 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 01 Exchange no order-book sample
Sell GMX no order-book sample
01 Exchange and 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_ENA_USDC−0.0181%4h0.2087−0.158%$43K$16K10xas long as short
01 Exchange ENAUSDlong−0.0176%1h0.2091long leg$4K$6010x
Kraken Futures PF_ENAUSD−0.0134%1h0.2088−0.139%$2.6M$3.0M50xas long as short
Deribit ENA_USDC-PERPETUAL0.0000%1h0.2089−0.100%$53K$1.1M50xas long as short
gTrade (Gains Network) ENA/USDL +0.0004% / S −0.0004%1h0.2087−0.185%$81K150xas long as short
Bitget ENAUSDT+0.0014%4h0.2085−0.254%$47.5M$55.5M75xas long as short
Injective ENA/USDC PERP+0.0033%1h0.2122+1.492%$734$57K5.5xas long as short
Lighter ENA+0.0096%1h0.2089−0.077%$5.0M$13.2M10xas long as short
Popdex ENAUSDT+0.0096%1h0.2089−0.081%$55K$386K50xas long as short
Paradex ENA-USD-PERP+0.0100%8h0.2087−0.192%$47K10xas long as short
Show all 42 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado ENA-PERP+0.0100%1h0.2087−0.155%$539K$1.7M10xas long as short
Hyperliquid ENA+0.0100%1h0.2088−0.134%$112.0M$74.1M10xas long as short
Aster ENAUSDT+0.0100%4h0.2089−0.061%$1.3M$3.3M50xas long as short
Pacifica ENA+0.0100%1h0.2088−0.137%$379K$497K10xas long as short
Binance ENAUSDT+0.0100%4h0.2089−0.100%$124.5M$402.3M75xas long as short
Bybit ENAUSDT+0.0100%4h0.2086−0.210%$83.8M$183.0M50xas long as short
OKX ENA-USDT-SWAP+0.0100%4h0.2087−0.201%$20.5M$97.5M50xas long as short
Ondo Perps ENA-USD.P+0.0100%1h0.2081−0.450%$32K$314K5xas long as short
Arcus ENA-USD+0.0100%1h0.2090−0.033%$77K$219K10xas long as short
Bulk ENA-USD+0.0100%1h0.2070−0.991%$101K$11K10xas long as short
Gate ENA_USDT+0.0100%4h0.2087−0.163%$14.0M$27.7M50xas long as short
MEXC ENA_USDT+0.0100%4h0.2088−0.115%$43.2M$42.2M200xas long as short
KuCoin ENAUSDTM+0.0100%4h0.2089−0.057%$24.8M$14.6M75xas long as short
BingX ENA-USDC+0.0100%4h0.2087−0.201%$6.5Mas long as short
Backpack ENA_USDC_PERP+0.0100%1h0.2088−0.148%$404K$468K5xas long as short
Variational Omni ENA+0.0100%4h0.2078−0.602%$2.8M$7.7Mas long as short
edgeX ENAUSDC+0.0100%4h0.2082−0.396%$239K$6.6M20xas long as short
GRVT ENA_USDT_Perp+0.0100%4h0.2084−0.321%$353K$4.2M10xas long as short
ApeX Omni ENAUSDT+0.0100%1h0.2084−0.320%$18K$652K50xas long as short
Polymarket Perps ENA-USD+0.0100%1h0.2089−0.086%$116K$2.6M10xas long as short
SunX ENA-USDT+0.0100%4h0.2039−2.454%$943$929K20xas long as short
SoDEX ENA-USD+0.0100%1h0.2088−0.129%$6K$5K10xas long as short
HTX ENA-USDT+0.0100%4h0.2091+0.024%$269K$769K50xas long as short
Phemex ENAUSDT+0.0100%4h0.2089−0.081%$1.8M$9.1M50xas long as short
Extended ENA-USD+0.0104%1h0.2088−0.152%$1.6M$4.5M50xas long as short
Aevo ENA-PERP+0.0104%1h0.2088−0.119%$73K$4K3xas long as short
Phoenix ENA+0.0113%1h0.2084−0.330%$13K$278K10xas long as short
GMX ENA/USD [ETH-USDC]shortL +0.0304% / S −0.0754%1h0.2089−0.059%$57K100x
BloFin ENA-USDT+0.0340%4h0.2087−0.177%$5.4M$3.4M75xas long as short
Reya ENARUSDPERP+0.0411%1h0.2089−0.098%$1K15xas long as short
Coinbase International ENA-PERP-INTX+0.0480%1h0.2091+0.005%$766K$1.8M50xas long as short
dYdX ENA-USD+0.0912%1h0.2087−0.167%$138K$16K5xas long as short