Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against edgeX+0.487%7-day average +0.015% · 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+$22as in the Price arb table

costs, in and out, $10k−$250.252% of the position

Long on edgeX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.039%−$4 on $10k

Price spread, last 7 days−0.460%−$46 · spread now +0.487%, 7d avg +0.015%

Together, before fees−0.500%+ Points / potential airdropedgeX: Active · farm board−$50 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.472% dearer against edgeX than usual: you sell high and buy low, +$47 on $10k if it goes back to its 7-day average of +0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX ENAUSDC	0.2098	0.0100	pay 0.0050% / 4h	1h 09m	$249K	$7.7M	20x
Short	MEXC ENA_USDT	0.2108	0.0100	get 0.0050% / 4h	1h 09m	$46.8M	$47.0M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against edgeX. 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 edgeXbpFee MEXCbpOrdersPrice spread, now +0.487%Rate

Funding earned: $0
Price spread: +0.487% → +0.015%: $47.18
Slippage, 4 orders: −$16.21
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee MEXC: 0 bp × 2 orders: $0
Net: $21.97
Costs to cover: 0.252%
Break-even: from the start

Slippage from edgeX: live order book, 5 min ago; MEXC: live order book, 5 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 edgeX live order book, 5 min ago	7.16 bp	11.7 bp −$12	13.2 bp −$132	44.3 bp −$4,430	doesn't fit
Sell MEXC live order book, 5 min ago	0.24 bp	0.6 bp −$1	4.6 bp −$46	29.8 bp −$2,980	61.1 bp −$30.6K

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	−0.0041%	4h	0.2107	+0.420%	$41K	$24K	10x	as long as short
Backpack ENA_USDC_PERP	−0.0018%	1h	0.2110	+0.563%	$372K	$447K	5x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2105	+0.358%	$101K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+1.217%	$522	$57K	5.5x	as long as short
Kraken Futures PF_ENAUSD	+0.0066%	1h	0.2109	+0.516%	$2.7M	$5.5M	50x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2104	+0.292%	$62K	$530K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2102	+0.210%	$47K	$221	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2104	+0.308%	$662K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2107	+0.420%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2103	+0.244%	$407K	$575K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ENAUSDT	+0.0100%	4h	0.2108	+0.480%	$130.1M	$455.0M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2107	+0.449%	$87.8M	$190.4M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2108	+0.502%	$20.4M	$111.7M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2099	+0.034%	$15K	$397K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2104	+0.292%	$82K	$220K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2099	+0.066%	$89K	$500	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2104	+0.311%	$10.5M	$21.4M	50x	as long as short
MEXC ENA_USDTshort	+0.0100%	4h	0.2108	+0.487%	$46.8M	$47.0M	200x
KuCoin ENAUSDTM	+0.0100%	4h	0.2108	+0.478%	$24.0M	$16.3M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2107	+0.425%	$47.6M	$64.7M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2108	+0.473%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2097	−0.034%	$3.8M	$10.3M	—	as long as short
edgeX ENAUSDClong	+0.0100%	4h	0.2098	long leg	$249K	$7.7M	20x
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2096	−0.103%	$350K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2096	−0.090%	$32K	$711K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2106	+0.368%	$177K	$2.6M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2053	−2.125%	$1K	$816K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2108	+0.482%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2104	+0.301%	$274K	$1.5M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2107	+0.435%	$2.0M	$9.1M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2107	+0.459%	$77K	$11K	3x	as long as short
Phoenix ENA	+0.0115%	1h	0.2098	+0.025%	$5K	$356K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	+0.0130%	1h	0.2108	+0.492%	$92K	$1.8M	50x	as long as short
01 Exchange ENAUSD	+0.0144%	1h	0.2105	+0.344%	$4K	$312	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0246% / S −0.0424%	1h	0.2105	+0.344%	$38K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2103	+0.239%	$5.5M	$8.0M	75x	as long as short
Extended ENA-USD	+0.0352%	1h	0.2107	+0.440%	$1.6M	$4.1M	50x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2105	+0.338%	$1K	$5K	15x	as long as short
Lighter ENA	+0.0552%	1h	0.2111	+0.606%	$5.7M	$12.9M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0576%	1h	0.2100	+0.106%	$827K	$2.1M	50x	as long as short
Hyperliquid ENA	+0.0590%	1h	0.2111	+0.626%	$111.5M	$78.5M	10x	as long as short
dYdX ENA-USD	+0.1983%	1h	0.2102	+0.219%	$139K	$15K	5x	as long as short