ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0151%/8h= −16.5% APRnext payment −$0.19 per $10,000 · paid last 24h −0.007%

Price spread now: Bulk against GMX+0.041%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 Bulk

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. Bulk is 0.041% dearer against GMX than usual: you sell high and buy low (spread +0.041% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 22 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX ENA/USD [ETH-USDC]	0.2116	L +0.0251% / S −0.0206%	pay 0.0031% / 1h	46m 39s	$50K	—	100x
Short	Bulk ENA-USD	0.2117	0.0100	get 0.0013% / 1h	46m 39s	$93K	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now +0.041%Rate

Funding earned: −$31.62
Price spread: +0.041% → 0.000%: $4.13
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$46.49
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Bulk: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy GMX no order-book sample	—	—	—	—	—
Sell Bulk no order-book sample	—	—	—	—	—

GMX and Bulk: 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
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2115	−0.056%	$79K	$1.6M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2116	+0.004%	$91K	—	150x	as long as short
01 Exchange ENAUSD	+0.0024%	1h	0.2117	+0.067%	$4K	$302	10x	as long as short
dYdX ENA-USD	+0.0027%	1h	0.2116	−0.014%	$140K	$15K	5x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.355%	$522	$57K	5.5x	as long as short
Orderly PERP_ENA_USDC	+0.0038%	4h	0.2114	−0.085%	$41K	$23K	10x	as long as short
Lighter ENA	+0.0096%	1h	0.2113	−0.146%	$5.5M	$13.6M	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2116	+0.005%	$53K	$526K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2116	−0.004%	$697K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2115	−0.061%	$1.5M	$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	0.2112	−0.189%	$414K	$548K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2112	−0.188%	$131.4M	$444.7M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2110	−0.297%	$86.4M	$186.7M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2110	−0.264%	$21.0M	$108.4M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2124	+0.407%	$16K	$408K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2112	−0.184%	$115K	$253K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2114	−0.075%	$10.7M	$20.8M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2111	−0.226%	$44.5M	$43.6M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2116	−0.004%	$24.4M	$16.4M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2109	−0.316%	$47.8M	$61.0M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2110	−0.255%	—	$6.5M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2117	+0.029%	$366K	$383K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2125	+0.441%	$3.8M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2132	+0.752%	$244K	$7.6M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2130	+0.667%	$360K	$4.8M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2131	+0.714%	$32K	$691K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2116	+0.010%	$178K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2064	−2.443%	$1K	$845K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2115	−0.042%	$4K	$10K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2118	+0.090%	$273K	$1.0M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2116	+0.005%	$1.9M	$9.4M	50x	as long as short
Bulk ENA-USDshort	+0.0100%	1h	0.2117	+0.041%	$93K	$4K	10x
Paradex ENA-USD-PERP	+0.0100%	8h	0.2112	−0.167%	$47K	$110	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2114	−0.104%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0188%	1h	0.2127	+0.525%	$7K	$351K	10x	as long as short
GMX ENA/USD [ETH-USDC]long	L +0.0251% / S −0.0206%	1h	0.2116	long leg	$50K	—	100x
Kraken Futures PF_ENAUSD	+0.0252%	1h	0.2116	+0.012%	$2.7M	$4.9M	50x	as long as short
Extended ENA-USD	+0.0296%	1h	0.2109	−0.321%	$1.6M	$4.2M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2132	+0.780%	$5.7M	$2.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2115	−0.060%	$1K	$5K	15x	as long as short
Hyperliquid ENA	+0.0470%	1h	0.2117	+0.043%	$114.0M	$74.4M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0648%	1h	0.2118	+0.114%	$832K	$1.7M	50x	as long as short