ENA

Alert

Spread before costs (cost unknown: a leg has no order-book sample)+0.038%

7d average—if it closes, per $10,000$4funding while held, a day−$16.49

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX ENA/USD [ETH-USDC]	0.2115	L +0.0139% / S −0.0160%	pay 0.0017% / 1h	1m 50s	$38K	—	100x
Short	Kraken Futures PF_ENAUSD	0.2116	−0.0411	pay 0.0051% / 1h	1m 50s	$2.6M	$6.6M	50x

Price spread history

latest

Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee GMXbpFee Kraken FuturesbpOrdersClose when spread is

Spread captured: $3.84
Funding while held: −$16.49
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$34.65
Spread needed to break even: 0.220%

Slippage unknown: GMX: no order-book sample; Kraken Futures: live order book, 4 min ago. Net counts fees only.

Cost of waiting

funding view

Funding /8h: −0.0550%
Per $10,000 a day: −$16.49
Average in range /8h: —

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 Kraken Futures live order book, 4 min ago	8.73 bp	24.9 bp −$25	31.0 bp −$310	140.3 bp −$14.0K	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 price on every exchange

against the cheapest. Click to use as the short leg.

SunX0.2062cheapest Bitget0.2111+2.366%Extended0.2111+2.379%MEXC0.2112+2.405%BingX0.2112+2.405%Bybit0.2112+2.415%Gate0.2112+2.415%Binance0.2112+2.420%OKX0.2113+2.439%Bulk0.2113+2.448%Aster0.2113+2.456%KuCoin0.2113+2.458%Phemex0.2113+2.458%Orderly0.2113+2.478%Nado0.2114+2.495%Ondo Perps0.2114+2.507%Popdex0.2114+2.507%Backpack0.2114+2.507%SoDEX0.2114+2.507%BloFin0.2114+2.507%dYdX0.2114+2.511%Reya0.2114+2.514%Aevo0.2115+2.536%Deribit0.2115+2.546%Hyperliquid0.2115+2.555%Lighter0.2115+2.570%gTrade (Gains Network)0.2115+2.570%Polymarket Perps0.2115+2.575%

GMX0.2115+2.578%

Paradex0.2116+2.582%01 Exchange0.2116+2.589%Coinbase International0.2116+2.599%Arcus0.2116+2.604%

Kraken Futures0.2116+2.618%

Pacifica0.2116+2.618%ApeX Omni0.2117+2.652%Phoenix0.2118+2.720%edgeX0.2118+2.724%Variational Omni0.2120+2.814%HTX0.2121+2.866%Injective0.2123+2.963%

ENA on 41 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
SunX ENA-USDT	−2.513%	+0.0100%	4h	$1K	$779K	20x	as long as short
Bitget ENAUSDT	−0.207%	+0.0058%	4h	$48.1M	$67.2M	75x	as long as short
Extended ENA-USD	−0.194%	+0.0104%	1h	$1.7M	$4.1M	50x	as long as short
MEXC ENA_USDT	−0.169%	+0.0100%	4h	$45.3M	$58.1M	200x	as long as short
BingX ENA-USDT	−0.169%	+0.0100%	4h	—	$34.0M	—	as long as short
Bybit ENAUSDT	−0.159%	+0.0100%	4h	$89.0M	$202.7M	50x	as long as short
Gate ENA_USDT	−0.159%	+0.0100%	4h	$10.6M	$24.9M	50x	as long as short
Binance ENAUSDT	−0.155%	+0.0100%	4h	$130.5M	$485.1M	75x	as long as short
OKX ENA-USDT-SWAP	−0.136%	+0.0100%	4h	$20.3M	$122.9M	50x	as long as short
Bulk ENA-USD	−0.127%	+0.0100%	1h	$89K	$1K	10x	as long as short

Show all 41 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Aster ENAUSDT	−0.119%	+0.0100%	4h	$1.6M	$3.1M	50x	as long as short
KuCoin ENAUSDTM	−0.117%	+0.0100%	4h	$23.3M	$17.3M	75x	as long as short
Phemex ENAUSDT	−0.117%	−0.0037%	4h	$1.8M	$9.4M	50x	as long as short
Orderly PERP_ENA_USDC	−0.098%	−0.0162%	4h	$42K	$23K	10x	as long as short
Nado ENA-PERP	−0.081%	+0.0100%	1h	$648K	$1.8M	10x	as long as short
Ondo Perps ENA-USD.P	−0.069%	+0.0100%	1h	$28K	$476K	5x	as long as short
Popdex ENAUSDT	−0.069%	+0.0096%	1h	$57K	$572K	50x	as long as short
Backpack ENA_USDC_PERP	−0.069%	+0.0100%	1h	$365K	$502K	5x	as long as short
SoDEX ENA-USD	−0.069%	+0.0100%	1h	$4K	$15K	10x	as long as short
BloFin ENA-USDT	−0.069%	+0.0340%	4h	$5.7M	$8.4M	75x	as long as short
dYdX ENA-USD	−0.065%	+0.6121%	1h	$140K	$12K	5x	as long as short
Reya ENARUSDPERP	−0.062%	+0.0412%	1h	$1K	$5K	15x	as long as short
Aevo ENA-PERP	−0.041%	+0.0104%	1h	$78K	$11K	3x	as long as short
Deribit ENA_USDC-PERPETUAL	−0.032%	0.0000%	1h	$94K	$2.1M	50x	as long as short
Hyperliquid ENA	−0.022%	+0.0173%	1h	$111.2M	$83.1M	10x	as long as short
Lighter ENA	−0.008%	+0.0392%	1h	$5.9M	$14.0M	10x	as long as short
gTrade (Gains Network) ENA/USD	−0.008%	L +0.0003% / S −0.0003%	1h	$87K	—	150x	as long as short
Polymarket Perps ENA-USD	−0.003%	+0.0100%	1h	$191K	$3.4M	10x	as long as short
GMX ENA/USD [ETH-USDC]long	0.000%	L +0.0139% / S −0.0160%	1h	$38K	—	100x
Paradex ENA-USD-PERP	+0.004%	+0.0100%	8h	$47K	$221	10x	as long as short
01 Exchange ENAUSD	+0.011%	+0.0080%	1h	$4K	$432	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.020%	+0.0544%	1h	$807K	$2.2M	50x	as long as short
Arcus ENA-USD	+0.025%	+0.0100%	1h	$84K	$262K	10x	as long as short
Kraken Futures PF_ENAUSDshort	+0.038%	−0.0411%	1h	$2.6M	$6.6M	50x
Pacifica ENA	+0.039%	+0.0100%	1h	$402K	$632K	10x	as long as short
ApeX Omni ENAUSDT	+0.072%	+0.0100%	1h	$21K	$707K	50x	as long as short
Phoenix ENA	+0.139%	+0.0038%	1h	$5K	$418K	10x	as long as short
edgeX ENAUSDC	+0.142%	+0.0100%	4h	$254K	$8.5M	20x	as long as short
Variational Omni ENA	+0.229%	+0.0100%	4h	$3.7M	$10.0M	—	as long as short
HTX ENA-USDT	+0.280%	+0.0100%	4h	$274K	$1.8M	50x	as long as short
Injective ENA/USDC PERP	+0.375%	+0.0033%	1h	$522	$57K	5.5x	as long as short