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

ENA

all ENA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0653%/8h= +71.5% APRnext payment +$0.82 per $10,000 · paid last 24h +0.027%
Price spread now: GMX against ApeX Omni−0.033%68s7-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 3 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 0.033% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.033% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 4 hours of funding at the current rate (+$20 a day). The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni ENAUSDT0.21420.0100pay 0.0013% / 1h45m 51s$19K$649K50x
ShortGMX ENA/USD [ETH-USDC]0.2141L +0.0308% / S −0.0753%get 0.0094% / 1h45m 51s$59K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX against ApeX Omni. 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
$137.18
Price spread: −0.033% → 0.000%
−$3.31
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee GMX: 6 bp × 2 orders
−$12
Net
$111.87
Costs to cover
0.220%
Break-even
1.3 days
Slippage unknown: ApeX Omni: live order book, 62 min ago; 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 ApeX Omni live order book, 62 min ago11.87 bp20.1 bp −$20129.2 bp −$1,292doesn't fitdoesn't fit
Sell GMX no order-book sample
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_ENA_USDC−0.0135%4h0.2141−0.047%$44K$26K10xas long as short
01 Exchange ENAUSD−0.0008%1h0.2140−0.117%$4K$27710xas long as short
Deribit ENA_USDC-PERPETUAL0.0000%1h0.2142−0.019%$66K$1.1M50xas long as short
gTrade (Gains Network) ENA/USDL +0.0004% / S −0.0004%1h0.2141−0.029%$82K150xas long as short
Injective ENA/USDC PERP+0.0033%1h0.2123−0.868%$522$57K5.5xas long as short
dYdX ENA-USD+0.0044%1h0.2142−0.006%$141K$16K5xas long as short
Lighter ENA+0.0096%1h0.2142+0.019%$5.1M$13.3M10xas long as short
Popdex ENAUSDT+0.0096%1h0.2139−0.140%$57K$481K50xas long as short
Nado ENA-PERP+0.0100%1h0.2140−0.110%$566K$1.8M10xas long as short
Hyperliquid ENA+0.0100%1h0.2142+0.009%$115.5M$76.5M10xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster ENAUSDT+0.0100%4h0.2143+0.034%$1.4M$3.3M50xas long as short
Pacifica ENA+0.0100%1h0.2141−0.062%$404K$540K10xas long as short
Binance ENAUSDT+0.0100%4h0.2142+0.013%$129.3M$428.2M75xas long as short
Bybit ENAUSDT+0.0100%4h0.2140−0.084%$85.5M$181.5M50xas long as short
OKX ENA-USDT-SWAP+0.0100%4h0.2141−0.056%$21.4M$109.2M50xas long as short
Ondo Perps ENA-USD.P+0.0100%1h0.2140−0.093%$20K$319K5xas long as short
Arcus ENA-USD+0.0100%1h0.2139−0.140%$79K$281K10xas long as short
Bulk ENA-USD+0.0100%1h0.2148+0.293%$94K$51110xas long as short
Gate ENA_USDT+0.0100%4h0.2142−0.005%$12.4M$26.0M50xas long as short
MEXC ENA_USDT+0.0100%4h0.2143+0.051%$48.4M$42.2M200xas long as short
KuCoin ENAUSDTM+0.0100%4h0.2143+0.056%$24.8M$15.8M75xas long as short
Bitget ENAUSDT+0.0100%4h0.2140−0.079%$48.6M$60.1M75xas long as short
BingX ENA-USDC+0.0100%4h0.2142+0.005%$6.5Mas long as short
Variational Omni ENA+0.0100%4h0.2149+0.341%$3.1M$10.2Mas long as short
edgeX ENAUSDC+0.0100%4h0.2142+0.006%$256K$7.1M20xas long as short
GRVT ENA_USDT_Perp+0.0100%4h0.2148+0.280%$355K$5.0M10xas long as short
ApeX Omni ENAUSDTlong+0.0100%1h0.2142long leg$19K$649K50x
Polymarket Perps ENA-USD+0.0100%1h0.2141−0.065%$188K$2.6M10xas long as short
SunX ENA-USDT+0.0100%4h0.2089−2.484%$1K$898K20xas long as short
SoDEX ENA-USD+0.0100%1h0.2144+0.093%$4K$7K10xas long as short
HTX ENA-USDT+0.0100%4h0.2147+0.215%$269K$824K50xas long as short
Phemex ENAUSDT+0.0100%4h0.2141−0.047%$1.8M$8.9M50xas long as short
Paradex ENA-USD-PERP+0.0100%8h0.2140−0.074%$48K$11010xas long as short
Extended ENA-USD+0.0104%1h0.2142+0.010%$1.6M$4.3M50xas long as short
Aevo ENA-PERP+0.0104%1h0.2141−0.028%$75K$4K3xas long as short
Phoenix ENA+0.0110%1h0.2147+0.238%$8K$276K10xas long as short
GMX ENA/USD [ETH-USDC]shortL +0.0308% / S −0.0753%1h0.2141−0.033%$59K100x
BloFin ENA-USDT+0.0340%4h0.2141−0.056%$5.7M$3.2M75xas long as short
Reya ENARUSDPERP+0.0412%1h0.2139−0.137%$1K$5K15xas long as short
Kraken Futures PF_ENAUSD+0.0440%1h0.2142+0.020%$2.6M$4.3M50xas long as short
Coinbase International ENA-PERP-INTX+0.0616%1h0.2149+0.303%$886K$1.8M50xas long as short
Backpack ENA_USDC_PERP+0.0621%1h0.2144+0.093%$392K$432K5xas long as short