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: edgeX against MEXC+0.128%83s7-day average −0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$320.320% of the position

Long on MEXC Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.022%+$2 on $10k

Price spread, last 7 days−0.185%−$19 · spread now +0.128%, 7d avg −0.018%

Together, before fees−0.163%+ Points / potential airdropedgeX: Active · farm board−$16 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: edgeX is 0.146% dearer against MEXC than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.018%. The two prices were read 83 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ENA_USDT	0.2124	0.0100	pay 0.0050% / 4h	3h 56m	$39.3M	$42.4M	200x
Short	edgeX ENAUSDC	0.2126	0.0100	get 0.0050% / 4h	3h 56m	$257K	$7.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.128%Rate

Funding earned: $0
Price spread: +0.128% → −0.018%: $14.57
Slippage, 4 orders: −$22.99
Fee MEXC: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$17.43
Costs to cover: 0.320%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; edgeX: live order book, 3 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, 3 min ago	0.23 bp	1.4 bp −$1	7.1 bp −$71	37.4 bp −$3,741	66.0 bp −$33.0K
Sell edgeX live order book, 3 min ago	9.41 bp	13.9 bp −$14	15.4 bp −$154	46.3 bp −$4,631	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
Phemex ENAUSDT	−0.2111%	4h	0.2125	+0.061%	$1.9M	$9.0M	50x	as long as short
GRVT ENA_USDT_Perp	−0.0452%	4h	0.2123	−0.026%	$359K	$4.7M	10x	as long as short
Orderly PERP_ENA_USDC	−0.0081%	4h	0.2123	−0.038%	$44K	$17K	10x	as long as short
01 Exchange ENAUSD	−0.0072%	1h	0.2127	+0.137%	$4K	$277	10x	as long as short
dYdX ENA-USD	0.0000%	1h	0.2127	+0.164%	$141K	$16K	5x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2124	+0.028%	$76K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2124	+0.003%	$82K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−0.014%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2125	+0.061%	$53K	$486K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2124	+0.007%	$570K	$1.8M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid ENA	+0.0100%	1h	0.2125	+0.080%	$115.3M	$75.0M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2125	+0.082%	$1.4M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2129	+0.231%	$410K	$564K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2123	−0.024%	$129.0M	$426.5M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2123	−0.033%	$88.7M	$192.0M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2123	−0.047%	$21.3M	$108.1M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2131	+0.339%	$33K	$313K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2127	+0.155%	$79K	$281K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2127	+0.132%	$93K	$511	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2124	+0.014%	$13.3M	$26.6M	50x	as long as short
MEXC ENA_USDTlong	+0.0100%	4h	0.2124	long leg	$39.3M	$42.4M	200x
KuCoin ENAUSDTM	+0.0100%	4h	0.2125	+0.042%	$25.0M	$15.9M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2121	−0.137%	$48.1M	$60.4M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2123	−0.052%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2127	+0.158%	$3.1M	$9.9M	—	as long as short
edgeX ENAUSDCshort	+0.0100%	4h	0.2126	+0.128%	$257K	$7.0M	20x
ApeX Omni ENAUSDT	+0.0100%	1h	0.2125	+0.061%	$19K	$646K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2125	+0.080%	$175K	$2.7M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2076	−2.241%	$1K	$913K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2123	−0.033%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2129	+0.245%	$267K	$807K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2126	+0.127%	$48K	$110	10x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2123	−0.038%	$1.6M	$4.4M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2124	+0.008%	$74K	$4K	3x	as long as short
Lighter ENA	+0.0112%	1h	0.2125	+0.080%	$5.0M	$12.5M	10x	as long as short
Phoenix ENA	+0.0190%	1h	0.2134	+0.480%	$13K	$267K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0196%	1h	0.2124	+0.030%	$2.6M	$4.4M	50x	as long as short
Backpack ENA_USDC_PERP	+0.0292%	1h	0.2124	−0.009%	$411K	$477K	5x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0307% / S −0.0754%	1h	0.2124	+0.016%	$58K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2134	+0.461%	$4.8M	$3.4M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2124	−0.004%	$1K	—	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0544%	1h	0.2138	+0.659%	$803K	$2.0M	50x	as long as short