ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.072%

Price spread now: MEXC against BloFin+0.009%7-day average −0.061% · you sell dearer than you buy

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$300.297% of the position

Long on BloFin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.463%−$46 on $10k

Price spread, last 4 days (all we have)−0.666%−$67 · spread now +0.009%, 7d avg −0.061%

Together, before fees−1.129%−$113 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.071% dearer against BloFin than usual: you sell high and buy low (spread +0.009% now, against its 7-day average of −0.061%): +$7 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 24 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ENA-USDT	0.2110	0.0340	pay 0.0170% / 4h	2h 21m	$5.5M	$3.3M	75x
Short	MEXC ENA_USDT	0.2110	0.0100	get 0.0050% / 4h	2h 21m	$42.2M	$43.2M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against BloFin. 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 BloFinbpFee MEXCbpOrdersPrice spread, now +0.009%Rate

Funding earned: −$50.4
Price spread: +0.009% → −0.061%: $7.09
Slippage, 4 orders: −$17.7
Fee BloFin: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$73.01
Costs to cover: 0.297%
Break-even: never at this rate

Slippage from BloFin: live order book, 6 min ago; MEXC: live order book, 1 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 BloFin live order book, 6 min ago	0.47 bp	11.1 bp −$11	18.9 bp −$189	74.5 bp −$7,452	doesn't fit
Sell MEXC live order book, 1 min ago	0.24 bp	3.6 bp −$4	7.9 bp −$79	37.3 bp −$3,730	53.4 bp −$26.7K

ENA on 42 exchanges

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
Kraken Futures PF_ENAUSD	−0.0243%	1h	0.2111	+0.064%	$2.6M	$4.3M	50x	as long as short
Orderly PERP_ENA_USDC	−0.0166%	4h	0.2110	−0.014%	$44K	$14K	10x	as long as short
01 Exchange ENAUSD	−0.0152%	1h	0.2113	+0.118%	$4K	$169	10x	as long as short
Bitget ENAUSDT	−0.0024%	4h	0.2109	−0.047%	$47.6M	$58.7M	75x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2111	+0.047%	$90K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2110	+0.013%	$81K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0026%	1h	0.2122	+0.559%	$734	$57K	5.5x	as long as short
Bybit ENAUSDT	+0.0083%	4h	0.2110	+0.019%	$86.1M	$188.0M	50x	as long as short
Lighter ENA	+0.0096%	1h	0.2113	+0.123%	$4.9M	$12.9M	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2112	+0.090%	$56K	$391K	50x	as long as short

Show all 42 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex ENA-USD-PERP	+0.0100%	8h	0.2112	+0.104%	$47K	—	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2112	+0.111%	$591K	$1.8M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2112	+0.081%	$113.4M	$78.0M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2112	+0.095%	$1.3M	$3.2M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2113	+0.155%	$391K	$549K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2111	+0.024%	$127.3M	$415.9M	75x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2111	+0.028%	$21.0M	$103.6M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2114	+0.166%	$33K	$326K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2113	+0.137%	$79K	$243K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2109	−0.052%	$103K	$12K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2111	+0.024%	$13.6M	$27.6M	50x	as long as short
MEXC ENA_USDTshort	+0.0100%	4h	0.2110	+0.009%	$42.2M	$43.2M	200x
KuCoin ENAUSDTM	+0.0100%	4h	0.2112	+0.081%	$25.0M	$15.8M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2110	+0.014%	—	$30.4M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2108	−0.113%	$3.0M	$8.4M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2110	−0.028%	$246K	$7.0M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2109	−0.052%	$362K	$4.5M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2112	+0.090%	$19K	$644K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2113	+0.147%	$167K	$2.7M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2060	−2.389%	$2K	$924K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2110	−0.005%	$6K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2118	+0.370%	$264K	$827K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2110	−0.005%	$1.9M	$9.0M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2109	−0.054%	$1.6M	$4.8M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2111	+0.028%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0112%	1h	0.2111	+0.038%	$13K	$306K	10x	as long as short
dYdX ENA-USD	+0.0153%	1h	0.2114	+0.173%	$140K	$16K	5x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0306% / S −0.0756%	1h	0.2111	+0.033%	$58K	—	100x	as long as short
BloFin ENA-USDTlong	+0.0340%	4h	0.2110	long leg	$5.5M	$3.3M	75x
Reya ENARUSDPERP	+0.0411%	1h	0.2113	+0.148%	$1K	—	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0496%	1h	0.2114	+0.209%	$769K	$1.9M	50x	as long as short
Backpack ENA_USDC_PERP	+0.0517%	1h	0.2111	+0.062%	$409K	$482K	5x	as long as short