Settings8H · net · $10k
Funding arb · Price arb /

ENA

all ENA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0334%/8h= +36.5% APRnext payment +$0.42 per $10,000 · paid last 24h +0.036%
Price spread now: GMX against 01 Exchange−0.138%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. GMX is 0.138% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.138% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 33 hours of funding at the current rate (+$10 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange ENAUSD0.21200.0024pay 0.0003% / 1h28m 57s$4K$27710x
ShortGMX ENA/USD [ETH-USDC]0.2117L +0.0307% / S −0.0358%get 0.0045% / 1h28m 57s$70K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX against 01 Exchange. 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

Funding earned
$70.06
Price spread: −0.138% → 0.000%
−$13.77
Slippage, 4 orders
no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee GMX: 6 bp × 2 orders
−$12
Net
$37.29
Costs to cover
0.190%
Break-even
3.3 days
Slippage unknown: 01 Exchange: no order-book sample; 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
LegHalf-spread$10k$100k$1M$5M
Buy 01 Exchange no order-book sample
Sell GMX no order-book sample
01 Exchange and 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_ENA_USDC−0.0145%4h0.2116−0.193%$44K$25K10xas long as short
Deribit ENA_USDC-PERPETUAL0.0000%1h0.2117−0.170%$73K$1.1M50xas long as short
gTrade (Gains Network) ENA/USDL +0.0004% / S −0.0004%1h0.2117−0.128%$82K150xas long as short
Gate ENA_USDT+0.0006%4h0.2114−0.307%$11.1M$23.7M50xas long as short
01 Exchange ENAUSDlong+0.0024%1h0.2120long leg$4K$27710x
Injective ENA/USDC PERP+0.0033%1h0.2123+0.151%$522$57K5.5xas long as short
Popdex ENAUSDT+0.0096%1h0.2118−0.104%$58K$467K50xas long as short
Paradex ENA-USD-PERP+0.0100%8h0.2115−0.262%$47K$11010xas long as short
Nado ENA-PERP+0.0100%1h0.2118−0.083%$656K$1.7M10xas long as short
Hyperliquid ENA+0.0100%1h0.2115−0.226%$114.9M$74.3M10xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster ENAUSDT+0.0100%4h0.2113−0.325%$1.4M$3.2M50xas long as short
Pacifica ENA+0.0100%1h0.2115−0.241%$397K$525K10xas long as short
Binance ENAUSDT+0.0100%4h0.2112−0.363%$128.1M$417.7M75xas long as short
Bybit ENAUSDT+0.0100%4h0.2111−0.415%$85.3M$175.2M50xas long as short
OKX ENA-USDT-SWAP+0.0100%4h0.2112−0.382%$21.2M$104.1M50xas long as short
Ondo Perps ENA-USD.P+0.0100%1h0.2117−0.160%$20K$323K5xas long as short
Arcus ENA-USD+0.0100%1h0.2119−0.057%$79K$276K10xas long as short
MEXC ENA_USDT+0.0100%4h0.2114−0.283%$46.8M$41.1M200xas long as short
KuCoin ENAUSDTM+0.0100%4h0.2118−0.108%$24.7M$15.6M75xas long as short
Bitget ENAUSDT+0.0100%4h0.2110−0.472%$47.9M$57.9M75xas long as short
BingX ENA-USDT+0.0100%4h0.2114−0.311%$31.3Mas long as short
Variational Omni ENA+0.0100%4h0.2111−0.433%$3.0M$10.0Mas long as short
edgeX ENAUSDC+0.0100%4h0.2113−0.333%$242K$6.9M20xas long as short
GRVT ENA_USDT_Perp+0.0100%4h0.2112−0.390%$350K$5.0M10xas long as short
ApeX Omni ENAUSDT+0.0100%1h0.2114−0.292%$20K$650K50xas long as short
Polymarket Perps ENA-USD+0.0100%1h0.2119−0.071%$189K$2.4M10xas long as short
SunX ENA-USDT+0.0100%4h0.2067−2.519%$1K$871K20xas long as short
SoDEX ENA-USD+0.0100%1h0.2115−0.245%$4K$7K10xas long as short
HTX ENA-USDT+0.0100%4h0.2117−0.151%$267K$795K50xas long as short
Phemex ENAUSDT+0.0100%4h0.2114−0.292%$1.8M$8.9M50xas long as short
Bulk ENA-USD+0.0100%1h0.2118−0.104%$93K−$010xas long as short
Extended ENA-USD+0.0104%1h0.2116−0.204%$1.6M$4.2M50xas long as short
Aevo ENA-PERP+0.0104%1h0.2117−0.166%$74K$4K3xas long as short
Phoenix ENA+0.0153%1h0.2115−0.236%$8K$278K10xas long as short
Kraken Futures PF_ENAUSD+0.0162%1h0.2116−0.188%$2.6M$4.3M50xas long as short
Lighter ENA+0.0200%1h0.2116−0.184%$5.2M$13.0M10xas long as short
dYdX ENA-USD+0.0291%1h0.2118−0.109%$140K$16K5xas long as short
GMX ENA/USD [ETH-USDC]shortL +0.0307% / S −0.0358%1h0.2117−0.138%$70K100x
BloFin ENA-USDT+0.0340%4h0.2115−0.264%$5.5M$3.0M75xas long as short
Reya ENARUSDPERP+0.0412%1h0.2118−0.119%$1K$5K15xas long as short
Backpack ENA_USDC_PERP+0.0597%1h0.2114−0.269%$358K$400K5xas long as short
Coinbase International ENA-PERP-INTX+0.0704%1h0.2123+0.137%$869K$1.7M50xas long as short