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: Binance against MEXC−0.064%7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$19as in the Funding arb table

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

costs, in and out, $10k−$190.187% of the position

Long on MEXC Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 7 days+0.088%+$9 · spread now −0.064%, 7d avg +0.004%

Together, before fees+0.088%+$9 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: Binance is 0.068% cheaper against MEXC than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ENA_USDT	0.2161	0.0100	pay 0.0050% / 4h	3h 13m	$46.0M	$44.8M	200x
Short	Binance ENAUSDT	0.2160	0.0100	get 0.0050% / 4h	3h 13m	$134.7M	$442.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against MEXC. 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 MEXCbpFee BinancebpOrdersPrice spread, now −0.064%Rate

Funding earned: $0
Price spread: −0.064% → +0.004%: −$6.84
Slippage, 4 orders: −$8.67
Fee MEXC: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$25.51
Costs to cover: 0.187%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; Binance: live order book, 15 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 MEXC live order book, 1 min ago	0.23 bp	1.9 bp −$2	5.9 bp −$59	33.8 bp −$3,380	66.3 bp −$33.1K
Sell Binance live order book, 15 min ago	0.23 bp	7.5 bp −$8	14.6 bp −$146	54.0 bp −$5,404	doesn't fit

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
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2160	−0.051%	$81K	$1.6M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0004%	1h	0.2160	−0.057%	$104K	—	150x	as long as short
Orderly PERP_ENA_USDC	+0.0032%	4h	0.2159	−0.111%	$42K	$23K	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−1.758%	$522	$57K	5.5x	as long as short
dYdX ENA-USD	+0.0065%	1h	0.2162	+0.016%	$143K	$15K	5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2161	−0.019%	$52K	$517K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2160	−0.051%	$714K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2163	+0.082%	$1.6M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2161	−0.028%	$426K	$553K	10x	as long as short
Binance ENAUSDTshort	+0.0100%	4h	0.2160	−0.064%	$134.7M	$442.7M	75x

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ENAUSDT	+0.0100%	4h	0.2160	−0.083%	$89.0M	$187.0M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2160	−0.060%	$21.2M	$110.7M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2156	−0.264%	$16K	$413K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2161	−0.019%	$107K	$242K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2150	−0.523%	$94K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2161	−0.032%	$11.0M	$21.5M	50x	as long as short
MEXC ENA_USDTlong	+0.0100%	4h	0.2161	long leg	$46.0M	$44.8M	200x
KuCoin ENAUSDTM	+0.0100%	4h	0.2162	+0.042%	$24.9M	$16.5M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2159	−0.120%	$48.9M	$61.3M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2160	−0.074%	—	$6.5M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2168	+0.296%	$384K	$402K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2157	−0.194%	$3.9M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2159	−0.123%	$250K	$7.6M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2159	−0.111%	$366K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2159	−0.111%	$33K	$686K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2162	+0.014%	$181K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2109	−2.401%	$1K	$834K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2161	−0.019%	$4K	$10K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2170	+0.407%	$282K	$1.1M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2166	+0.213%	$2.0M	$9.3M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2160	−0.075%	$48K	$110	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2160	−0.055%	$76K	$4K	3x	as long as short
Phoenix ENA	+0.0150%	1h	0.2162	+0.023%	$8K	$347K	10x	as long as short
01 Exchange ENAUSD	+0.0176%	1h	0.2160	−0.046%	$4K	$302	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0231%	1h	0.2162	+0.033%	$2.7M	$5.1M	50x	as long as short
Extended ENA-USD	+0.0328%	1h	0.2160	−0.077%	$1.6M	$4.2M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0334% / S −0.0430%	1h	0.2160	−0.073%	$81K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2160	−0.065%	$5.7M	$2.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2160	−0.050%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0608%	1h	0.2165	+0.157%	$857K	$1.8M	50x	as long as short
Lighter ENA	+0.0720%	1h	0.2164	+0.106%	$5.9M	$13.1M	10x	as long as short
Hyperliquid ENA	+0.0777%	1h	0.2165	+0.180%	$117.7M	$74.7M	10x	as long as short