ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0606%/8h= +66.3% APRnext payment +$0.76 per $10,000 · paid last 24h +0.046%

Price spread now: GMX against Phoenix−0.088%55s7-day average — · you buy dearer than you sell

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

Long on Phoenix Short on GMX

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding pays, the price is against you. GMX is 0.088% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.088% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 12 hours of funding at the current rate (+$18 a day). The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix ENA	0.2118	0.0150	pay 0.0019% / 1h	27m 32s	$13K	$267K	10x
Short	GMX ENA/USD [ETH-USDC]	0.2116	L +0.0307% / S −0.0756%	get 0.0094% / 1h	27m 32s	$58K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Phoenix. 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 PhoenixbpFee GMXbpOrdersPrice spread, now −0.088%Rate

Funding earned: $127.18
Price spread: −0.088% → 0.000%: −$8.78
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee GMX: 6 bp × 2 orders: −$12
Net: $99.4
Costs to cover: 0.190%
Break-even: 1.5 days

Slippage unknown: Phoenix: live order book, 3 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Phoenix live order book, 3 min ago	1.89 bp	16.8 bp −$17	59.4 bp −$594	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange ENAUSD	−0.0112%	1h	0.2115	−0.146%	$4K	$169	10x	as long as short
Orderly PERP_ENA_USDC	−0.0101%	4h	0.2117	−0.057%	$44K	$16K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2118	+0.009%	$75K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2116	−0.085%	$81K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.236%	$734	$57K	5.5x	as long as short
Gate ENA_USDT	+0.0052%	4h	0.2117	−0.061%	$13.2M	$27.7M	50x	as long as short
Bitget ENAUSDT	+0.0090%	4h	0.2113	−0.208%	$47.9M	$61.1M	75x	as long as short
Lighter ENA	+0.0096%	1h	0.2120	+0.113%	$4.9M	$13.0M	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2114	−0.179%	$54K	$499K	50x	as long as short
Paradex ENA-USD-PERP	+0.0099%	8h	0.2116	−0.097%	$47K	$110	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado ENA-PERP	+0.0100%	1h	0.2115	−0.111%	$559K	$1.8M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2116	−0.071%	$115.1M	$76.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2116	−0.085%	$1.4M	$3.4M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2119	+0.034%	$407K	$562K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2115	−0.134%	$127.6M	$431.6M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2114	−0.161%	$88.0M	$194.6M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2115	−0.118%	$20.9M	$108.1M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2114	−0.175%	$28K	$326K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2116	−0.085%	$77K	$283K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2113	−0.248%	$92K	$511	10x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2118	+0.005%	$40.9M	$43.5M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2119	+0.080%	$24.9M	$16.0M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2116	−0.071%	—	$31.1M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2119	+0.071%	$410K	$480K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2114	−0.175%	$3.1M	$9.8M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2118	+0.020%	$246K	$7.1M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2116	−0.090%	$356K	$4.8M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2117	−0.038%	$19K	$645K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2116	−0.085%	$174K	$2.6M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2068	−2.361%	$1K	$930K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2117	−0.038%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2120	+0.113%	$264K	$843K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2120	+0.104%	$1.8M	$8.9M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2115	−0.151%	$1.6M	$4.7M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2119	+0.041%	$74K	$4K	3x	as long as short
dYdX ENA-USD	+0.0115%	1h	0.2120	+0.082%	$140K	$16K	5x	as long as short
Phoenix ENAlong	+0.0150%	1h	0.2118	long leg	$13K	$267K	10x
Kraken Futures PF_ENAUSD	+0.0197%	1h	0.2119	+0.034%	$2.6M	$4.4M	50x	as long as short
GMX ENA/USD [ETH-USDC]short	L +0.0307% / S −0.0756%	1h	0.2116	−0.088%	$58K	—	100x
BloFin ENA-USDT	+0.0340%	4h	0.2118	−0.005%	$5.6M	$3.4M	75x	as long as short
Reya ENARUSDPERP	+0.0411%	1h	0.2115	−0.134%	$1K	—	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0544%	1h	0.2117	−0.047%	$784K	$2.0M	50x	as long as short