ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0262%/8h= +28.6% APRnext payment +$0.33 per $10,000 · paid last 24h +0.020%

Price spread now: GMX against Popdex−0.048%49s7-day average — · you buy dearer than you sell

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

Long on Popdex Short on GMX

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

Funding pays, the price is against you. GMX is 0.048% cheaper against Popdex than usual: you would sell low and buy high (spread −0.048% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 15 hours of funding at the current rate (+$8 a day). The two prices were read 49 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	Popdex ENAUSDT	0.2104	0.0096	pay 0.0012% / 1h	48m 35s	$56K	$466K	50x
Short	GMX ENA/USD [ETH-USDC]	0.2103	L +0.0306% / S −0.0358%	get 0.0045% / 1h	48m 35s	$70K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Popdex. 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 PopdexbpFee GMXbpOrdersPrice spread, now −0.048%Rate

Funding earned: $54.94
Price spread: −0.048% → 0.000%: −$4.75
Slippage, 4 orders: no order book: not counted
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee GMX: 6 bp × 2 orders: −$12
Net: $31.79
Costs to cover: 0.184%
Break-even: 2.9 days

Slippage unknown: Popdex: live order book, 65 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 Popdex live order book, 65 min ago	1.42 bp	9.7 bp −$10	87.9 bp −$879	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
ApeX Omni ENAUSDT	−0.0291%	1h	0.2103	−0.048%	$20K	$649K	50x	as long as short
Orderly PERP_ENA_USDC	−0.0138%	4h	0.2102	−0.109%	$44K	$25K	10x	as long as short
Gate ENA_USDT	−0.0046%	4h	0.2102	−0.076%	$10.9M	$23.4M	50x	as long as short
01 Exchange ENAUSD	−0.0032%	1h	0.2105	+0.048%	$4K	$277	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2102	−0.090%	$73K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2103	−0.064%	$82K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.922%	$522	$57K	5.5x	as long as short
Popdex ENAUSDTlong	+0.0096%	1h	0.2104	long leg	$56K	$466K	50x
Paradex ENA-USD-PERP	+0.0100%	8h	0.2101	−0.156%	$47K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2103	−0.038%	$652K	$1.7M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid ENA	+0.0100%	1h	0.2102	−0.086%	$113.7M	$74.2M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2105	+0.026%	$1.4M	$3.2M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2102	−0.083%	$395K	$522K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2104	+0.005%	$127.9M	$416.2M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2104	−0.019%	$85.3M	$175.3M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2105	+0.029%	$21.0M	$103.7M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2099	−0.247%	$22K	$320K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2105	+0.048%	$78K	$276K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2096	−0.357%	$92K	−$0	10x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2103	−0.038%	$45.4M	$40.6M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2105	+0.067%	$24.9M	$15.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2103	−0.029%	$47.9M	$57.9M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2104	−0.024%	—	$31.4M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2102	−0.105%	$3.0M	$10.0M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2093	−0.513%	$238K	$6.8M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2102	−0.079%	$355K	$5.0M	10x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2103	−0.043%	$188K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2052	−2.448%	$1K	$867K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2101	−0.143%	$3K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2105	+0.062%	$274K	$777K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2101	−0.143%	$1.7M	$8.9M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2104	−0.013%	$1.6M	$4.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2102	−0.093%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0153%	1h	0.2104	−0.014%	$8K	$278K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0163%	1h	0.2104	−0.005%	$2.6M	$4.3M	50x	as long as short
Lighter ENA	+0.0248%	1h	0.2103	−0.043%	$5.2M	$13.0M	10x	as long as short
GMX ENA/USD [ETH-USDC]short	L +0.0306% / S −0.0358%	1h	0.2103	−0.048%	$70K	—	100x
BloFin ENA-USDT	+0.0340%	4h	0.2103	−0.067%	$5.5M	$3.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2102	−0.078%	$1K	$5K	15x	as long as short
dYdX ENA-USD	+0.0426%	1h	0.2100	−0.189%	$139K	$15K	5x	as long as short
Backpack ENA_USDC_PERP	+0.0551%	1h	0.2102	−0.095%	$358K	$400K	5x	as long as short
Coinbase International ENA-PERP-INTX	+0.0704%	1h	0.2100	−0.190%	$860K	$1.7M	50x	as long as short