Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against HTX−0.085%7-day average −0.091% · you buy dearer than you sell

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$690.693% of the position

Long on HTX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.028%−$3 on $10k

Price spread, last 4 days (all we have)−0.360%−$36 · spread now −0.085%, 7d avg −0.091%

Together, before fees−0.388%−$39 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ENA-USDT	0.2119	0.0100	pay 0.0050% / 4h	3h 59m	$274K	$793K	50x
Short	MEXC ENA_USDT	0.2117	0.0100	get 0.0050% / 4h	3h 59m	$46.1M	$40.8M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against HTX. 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 HTXbpFee MEXCbpOrdersPrice spread, now −0.085%Rate

Funding earned: $0
Price spread: −0.085% → −0.091%: $0.62
Slippage, 4 orders: −$57.27
Fee HTX: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$68.65
Costs to cover: 0.693%
Break-even: never at this rate

Slippage from HTX: live order book, 19 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 HTX live order book, 19 min ago	25.21 bp	32.2 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	0.24 bp	1.2 bp −$1	5.8 bp −$58	33.6 bp −$3,358	68.1 bp −$34.0K

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
Backpack ENA_USDC_PERP	−0.0126%	1h	0.2115	−0.156%	$362K	$401K	5x	as long as short
Orderly PERP_ENA_USDC	−0.0081%	4h	0.2115	−0.165%	$44K	$25K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2116	−0.132%	$73K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2116	−0.124%	$82K	—	150x	as long as short
01 Exchange ENAUSD	+0.0008%	1h	0.2116	−0.099%	$4K	$302	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.231%	$522	$57K	5.5x	as long as short
Phoenix ENA	+0.0076%	1h	0.2110	−0.397%	$8K	$266K	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2115	−0.165%	$56K	$467K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2116	−0.099%	$47K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2114	−0.196%	$659K	$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
Aster ENAUSDT	+0.0100%	4h	0.2117	−0.085%	$1.5M	$3.2M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2117	−0.092%	$404K	$511K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2115	−0.142%	$128.7M	$415.6M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2117	−0.076%	$85.5M	$175.1M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2117	−0.080%	$21.1M	$103.9M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2115	−0.179%	$20K	$319K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2117	−0.071%	$79K	$276K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2107	−0.566%	$92K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2116	−0.123%	$11.1M	$22.0M	50x	as long as short
MEXC ENA_USDTshort	+0.0100%	4h	0.2117	−0.085%	$46.1M	$40.8M	200x
KuCoin ENAUSDTM	+0.0100%	4h	0.2116	−0.099%	$25.0M	$15.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2115	−0.165%	$48.0M	$57.6M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2117	−0.085%	—	$32.3M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2114	−0.218%	$3.0M	$10.0M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2113	−0.249%	$244K	$6.9M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2115	−0.156%	$359K	$5.0M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2116	−0.118%	$20K	$650K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2116	−0.104%	$178K	$2.3M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2064	−2.568%	$1K	$850K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2116	−0.118%	$4K	$7K	10x	as long as short
HTX ENA-USDTlong	+0.0100%	4h	0.2119	long leg	$274K	$793K	50x
Phemex ENAUSDT	+0.0100%	4h	0.2115	−0.165%	$1.8M	$8.9M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2116	−0.141%	$1.6M	$4.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2116	−0.134%	$74K	$4K	3x	as long as short
dYdX ENA-USD	+0.0149%	1h	0.2116	−0.140%	$140K	$15K	5x	as long as short
Hyperliquid ENA	+0.0176%	1h	0.2118	−0.038%	$115.4M	$74.8M	10x	as long as short
Lighter ENA	+0.0192%	1h	0.2117	−0.052%	$5.2M	$13.2M	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0242%	1h	0.2117	−0.086%	$2.6M	$4.3M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0306% / S −0.0358%	1h	0.2116	−0.124%	$70K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2115	−0.170%	$5.6M	$3.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2115	−0.184%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0632%	1h	0.2120	+0.080%	$866K	$1.7M	50x	as long as short