Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.011%

Price spread now: MEXC against Bitget+0.076%7-day average +0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$280.280% of the position

Long on Bitget Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

Price spread, last 7 days−0.054%−$5 · spread now +0.076%, 7d avg +0.058%

Together, before fees−0.060%−$6 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ENAUSDT	0.2099	0.0100	pay 0.0050% / 4h	2h 39m	$47.7M	$58.0M	75x
Short	MEXC ENA_USDT	0.2101	0.0100	get 0.0050% / 4h	2h 39m	$45.3M	$40.7M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bitget. 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 BitgetbpFee MEXCbpOrdersPrice spread, now +0.076%Rate

Funding earned: $0
Price spread: +0.076% → +0.058%: $1.77
Slippage, 4 orders: −$16
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$26.23
Costs to cover: 0.280%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; MEXC: live order book, 4 min ago.

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 Bitget live order book, 4 min ago	0.71 bp	9.9 bp −$10	13.4 bp −$134	48.4 bp −$4,842	doesn't fit
Sell MEXC live order book, 4 min ago	0.24 bp	2.3 bp −$2	7.7 bp −$77	44.5 bp −$4,454	71.0 bp −$35.5K

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
Orderly PERP_ENA_USDC	−0.0142%	4h	0.2100	+0.024%	$44K	$25K	10x	as long as short
Gate ENA_USDT	−0.0020%	4h	0.2100	+0.010%	$11.0M	$23.5M	50x	as long as short
01 Exchange ENAUSD	−0.0008%	1h	0.2099	−0.029%	$4K	$277	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2101	+0.062%	$73K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2100	+0.036%	$81K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+1.138%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2098	−0.071%	$56K	$466K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2100	+0.045%	$47K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2098	−0.074%	$650K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2101	+0.076%	$113.9M	$74.1M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ENAUSDT	+0.0100%	4h	0.2101	+0.066%	$1.4M	$3.2M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2101	+0.053%	$394K	$525K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2100	+0.024%	$127.1M	$416.8M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2100	+0.019%	$85.0M	$175.2M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2101	+0.086%	$21.0M	$103.5M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2098	−0.057%	$20K	$320K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2100	+0.024%	$78K	$276K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2112	+0.595%	$93K	−$0	10x	as long as short
MEXC ENA_USDTshort	+0.0100%	4h	0.2101	+0.076%	$45.3M	$40.7M	200x
KuCoin ENAUSDTM	+0.0100%	4h	0.2101	+0.062%	$24.8M	$15.5M	75x	as long as short
Bitget ENAUSDTlong	+0.0100%	4h	0.2099	long leg	$47.7M	$58.0M	75x
BingX ENA-USDC	+0.0100%	4h	0.2100	+0.043%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2100	+0.034%	$3.0M	$10.0M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2109	+0.440%	$242K	$6.8M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2110	+0.501%	$349K	$4.9M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2110	+0.500%	$20K	$647K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2099	−0.010%	$188K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2049	−2.382%	$1K	$867K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2100	+0.024%	$3K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2105	+0.252%	$265K	$799K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2100	+0.024%	$1.7M	$8.9M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2099	−0.018%	$1.6M	$4.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2100	+0.020%	$73K	$4K	3x	as long as short
Lighter ENA	+0.0144%	1h	0.2102	+0.133%	$5.2M	$13.0M	10x	as long as short
Phoenix ENA	+0.0153%	1h	0.2111	+0.533%	$8K	$278K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0164%	1h	0.2102	+0.102%	$2.6M	$4.3M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0306% / S −0.0358%	1h	0.2100	+0.002%	$70K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2105	+0.243%	$5.5M	$3.0M	75x	as long as short
dYdX ENA-USD	+0.0395%	1h	0.2101	+0.048%	$139K	$15K	5x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2099	−0.046%	$1K	$5K	15x	as long as short
Backpack ENA_USDC_PERP	+0.0555%	1h	0.2101	+0.076%	$356K	$400K	5x	as long as short
Coinbase International ENA-PERP-INTX	+0.0704%	1h	0.2102	+0.143%	$860K	$1.7M	50x	as long as short