Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against KuCoin−0.024%7-day average −0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$370.369% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.033%+$3 on $10k

Price spread, last 7 days+0.047%+$5 · spread now −0.024%, 7d avg −0.006%

Together, before fees+0.080%+$8 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ENAUSDTM	0.2065	0.0100	pay 0.0050% / 4h	1h 28m	$24.5M	$14.8M	75x
Short	MEXC ENA_USDT	0.2064	0.0100	get 0.0050% / 4h	1h 28m	$42.1M	$41.8M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against KuCoin. 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 KuCoinbpFee MEXCbpOrdersPrice spread, now −0.024%Rate

Funding earned: $0
Price spread: −0.024% → −0.006%: −$1.79
Slippage, 4 orders: −$24.94
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$38.73
Costs to cover: 0.369%
Break-even: never at this rate

Slippage from KuCoin: 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 KuCoin live order book, 4 min ago	4.12 bp	16.4 bp −$16	41.5 bp −$415	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	0.24 bp	1.8 bp −$2	5.8 bp −$58	31.1 bp −$3,106	57.4 bp −$28.7K

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
01 Exchange ENAUSD	−0.0368%	1h	0.2064	−0.015%	$4K	$60	10x	as long as short
Orderly PERP_ENA_USDC	−0.0177%	4h	0.2062	−0.107%	$43K	$13K	10x	as long as short
Kraken Futures PF_ENAUSD	−0.0136%	1h	0.2063	−0.080%	$2.5M	$3.1M	50x	as long as short
Bitget ENAUSDT	−0.0026%	4h	0.2063	−0.068%	$46.6M	$56.2M	75x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2064	−0.005%	$67K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2064	−0.039%	$80K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2122	+2.775%	$734	$57K	5.5x	as long as short
Lighter ENA	+0.0096%	1h	0.2065	+0.034%	$5.0M	$12.9M	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2063	−0.077%	$52K	$392K	50x	as long as short
Paradex ENA-USD-PERP	+0.0099%	8h	0.2063	−0.054%	$46K	—	10x	as long as short

Show all 42 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado ENA-PERP	+0.0100%	1h	0.2063	−0.088%	$531K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2065	+0.005%	$110.7M	$77.9M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2064	−0.029%	$1.3M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2064	−0.048%	$375K	$502K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2064	−0.023%	$123.3M	$405.8M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2064	−0.034%	$83.0M	$185.4M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2064	−0.019%	$20.5M	$97.2M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2061	−0.155%	$32K	$317K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2064	−0.029%	$76K	$227K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2082	+0.819%	$102K	$11K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2064	−0.019%	$13.8M	$27.2M	50x	as long as short
MEXC ENA_USDTshort	+0.0100%	4h	0.2064	−0.024%	$42.1M	$41.8M	200x
KuCoin ENAUSDTMlong	+0.0100%	4h	0.2065	long leg	$24.5M	$14.8M	75x
BingX ENA-USDC	+0.0100%	4h	0.2064	−0.024%	—	$6.5M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2064	−0.019%	$400K	$472K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2064	−0.050%	$2.8M	$7.7M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2064	−0.050%	$239K	$6.8M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2064	−0.028%	$350K	$4.2M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2064	−0.029%	$22K	$648K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2064	−0.034%	$126K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2014	−2.427%	$1K	$926K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2063	−0.077%	$6K	$5K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2067	+0.136%	$266K	$768K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2066	+0.068%	$1.8M	$9.0M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2062	−0.110%	$1.6M	$4.7M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2064	−0.053%	$72K	$4K	3x	as long as short
Phoenix ENA	+0.0113%	1h	0.2065	+0.034%	$13K	$278K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0303% / S −0.0754%	1h	0.2063	−0.080%	$57K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2062	−0.136%	$5.5M	$3.3M	75x	as long as short
Reya ENARUSDPERP	+0.0411%	1h	0.2063	−0.094%	$1K	—	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0480%	1h	0.2067	+0.097%	$757K	$1.8M	50x	as long as short
dYdX ENA-USD	+0.1334%	1h	0.2063	−0.077%	$136K	$15K	5x	as long as short