ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0217%/8h= −23.8% APRnext payment −$0.27 per $10,000 · paid last 24h −0.029%

Price spread now: Injective against GMX+0.155%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 Injective

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. Injective is 0.155% dearer against GMX than usual: you sell high and buy low (spread +0.155% now, against zero (this spread has no 7-day history yet)): +$16 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 2.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX ENA/USD [ETH-USDC]	0.2120	L +0.0250% / S −0.0434%	pay 0.0031% / 1h	20m 30s	$38K	—	100x
Short	Injective ENA/USDC PERP	0.2123	0.0033	get 0.0004% / 1h	20m 30s	$522	$57K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.155%Rate

Funding earned: −$45.55
Price spread: +0.155% → 0.000%: $15.52
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$42.05
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; Injective: 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 Injective no order-book sample	—	—	—	—	—

GMX and Injective: 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	−0.0007%	4h	0.2119	−0.057%	$41K	$24K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2120	−0.019%	$92K	$1.7M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2120	−0.010%	$97K	—	150x	as long as short
Injective ENA/USDC PERPshort	+0.0033%	1h	0.2123	+0.155%	$522	$57K	5.5x
Backpack ENA_USDC_PERP	+0.0037%	1h	0.2121	+0.047%	$375K	$445K	5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2120	−0.005%	$61K	$523K	50x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2120	+0.015%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2121	+0.026%	$410K	$562K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2120	0.000%	$131.0M	$451.4M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2120	−0.019%	$89.0M	$189.6M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2120	+0.014%	$20.6M	$110.8M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2119	−0.062%	$15K	$404K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2121	+0.042%	$84K	$222K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2117	−0.170%	$89K	$500	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2120	−0.010%	$10.8M	$21.5M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2120	−0.005%	$46.4M	$45.6M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2123	+0.117%	$24.5M	$16.4M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2118	−0.085%	$48.0M	$63.7M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2120	−0.019%	—	$32.6M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2120	+0.007%	$3.9M	$10.3M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2116	−0.208%	$252K	$7.6M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2117	−0.135%	$354K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2117	−0.147%	$34K	$711K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2120	−0.008%	$679K	$1.8M	10x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2121	+0.051%	$179K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2070	−2.354%	$1K	$826K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2119	−0.052%	$4K	$11K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2122	+0.080%	$275K	$1.4M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2119	−0.052%	$2.0M	$9.2M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2120	−0.009%	$47K	$221	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2119	−0.047%	$78K	$11K	3x	as long as short
Phoenix ENA	+0.0189%	1h	0.2118	−0.095%	$7K	$347K	10x	as long as short
01 Exchange ENAUSD	+0.0192%	1h	0.2122	+0.066%	$4K	$302	10x	as long as short
Extended ENA-USD	+0.0208%	1h	0.2120	−0.024%	$1.6M	$4.2M	50x	as long as short
Kraken Futures PF_ENAUSD	+0.0241%	1h	0.2121	+0.026%	$2.7M	$5.4M	50x	as long as short
GMX ENA/USD [ETH-USDC]long	L +0.0250% / S −0.0434%	1h	0.2120	long leg	$38K	—	100x
BloFin ENA-USDT	+0.0340%	4h	0.2120	+0.004%	$5.6M	$6.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2120	+0.012%	$1K	$5K	15x	as long as short
Lighter ENA	+0.0528%	1h	0.2123	+0.141%	$5.6M	$12.9M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0552%	1h	0.2120	−0.019%	$837K	$2.1M	50x	as long as short
Hyperliquid ENA	+0.0760%	1h	0.2124	+0.202%	$114.4M	$78.3M	10x	as long as short
dYdX ENA-USD	+0.1575%	1h	0.2121	+0.043%	$140K	$15K	5x	as long as short