ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.12 per $10,000 · paid last 24h +0.002%

Price spread now: Phoenix against GMX−0.369%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on GMX Short on Phoenix

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

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Phoenix is 0.369% cheaper against GMX than usual: you would sell low and buy high (−$37 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX ENA/USD [ETH-USDC]	0.2124	L +0.0250% / S −0.0434%	pay 0.0031% / 1h	30m 57s	$38K	—	100x
Short	Phoenix ENA	0.2116	0.0150	get 0.0019% / 1h	30m 57s	$7K	$347K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.369%Rate

Funding earned: −$21
Price spread: −0.369% → 0.000%: −$36.92
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$76.91
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Phoenix: live order book, 40 min ago. 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 Phoenix live order book, 40 min ago	1.88 bp	16.7 bp −$17	51.7 bp −$517	doesn't fit	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 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	0.2124	+0.008%	$81K	$1.7M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2124	+0.012%	$97K	—	150x	as long as short
Backpack ENA_USDC_PERP	+0.0015%	1h	0.2125	+0.088%	$378K	$415K	5x	as long as short
dYdX ENA-USD	+0.0027%	1h	0.2121	−0.142%	$140K	$15K	5x	as long as short
Orderly PERP_ENA_USDC	+0.0029%	4h	0.2123	−0.011%	$41K	$23K	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−0.011%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2123	−0.030%	$63K	$520K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2123	−0.028%	$675K	$1.7M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2126	+0.117%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2123	−0.016%	$411K	$552K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ENAUSDT	+0.0100%	4h	0.2127	+0.163%	$132.0M	$443.5M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2127	+0.158%	$89.5M	$185.4M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2126	+0.130%	$20.8M	$109.2M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2116	−0.379%	$15K	$399K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2125	+0.064%	$105K	$242K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2117	−0.336%	$89K	−$0	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2127	+0.168%	$10.8M	$20.8M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2127	+0.163%	$46.1M	$44.3M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2127	+0.177%	$24.5M	$16.5M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2126	+0.102%	$48.2M	$61.4M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2127	+0.168%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2123	−0.015%	$3.8M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2113	−0.483%	$246K	$7.5M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2113	−0.512%	$356K	$4.7M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2116	−0.360%	$34K	$687K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2124	+0.040%	$178K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2074	−2.347%	$938	$828K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2124	+0.017%	$4K	$10K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2125	+0.069%	$276K	$1.2M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2124	+0.017%	$1.9M	$9.4M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2123	−0.020%	$48K	$221	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2124	+0.002%	$74K	$4K	3x	as long as short
Phoenix ENAshort	+0.0150%	1h	0.2116	−0.369%	$7K	$347K	10x
01 Exchange ENAUSD	+0.0224%	1h	0.2126	+0.102%	$4K	$302	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0235%	1h	0.2125	+0.055%	$2.7M	$5.1M	50x	as long as short
GMX ENA/USD [ETH-USDC]long	L +0.0250% / S −0.0434%	1h	0.2124	long leg	$38K	—	100x
Extended ENA-USD	+0.0280%	1h	0.2127	+0.144%	$1.6M	$4.3M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2123	−0.030%	$5.6M	$2.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2124	+0.018%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0608%	1h	0.2125	+0.059%	$839K	$1.8M	50x	as long as short
Lighter ENA	+0.0672%	1h	0.2127	+0.139%	$5.6M	$12.6M	10x	as long as short
Hyperliquid ENA	+0.0720%	1h	0.2128	+0.196%	$114.8M	$75.4M	10x	as long as short