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: HTX against MEXC+0.252%7-day average +0.086% · you sell dearer than you buy

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$770.773% of the position

Long on MEXC Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.017%+$2 on $10k

Price spread, last 4 days (all we have)+0.720%+$72 · spread now +0.252%, 7d avg +0.086%

Together, before fees+0.737%+$74 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: HTX is 0.166% dearer against MEXC than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of +0.086%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ENA_USDT	0.2140	0.0100	pay 0.0050% / 4h	3h 37m	$40.9M	$43.1M	200x
Short	HTX ENA-USDT	0.2145	0.0100	get 0.0050% / 4h	3h 37m	$266K	$837K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.252%Rate

Funding earned: $0
Price spread: +0.252% → +0.086%: $16.59
Slippage, 4 orders: −$65.3
Fee MEXC: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$60.71
Costs to cover: 0.773%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; HTX: live order book, 21 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	3.3 bp −$3	8.6 bp −$86	35.1 bp −$3,514	65.2 bp −$32.6K
Sell HTX live order book, 21 min ago	13.84 bp	32.0 bp −$32	doesn't fit	doesn't fit	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
Orderly PERP_ENA_USDC	−0.0094%	4h	0.2139	−0.056%	$44K	$16K	10x	as long as short
01 Exchange ENAUSD	−0.0088%	1h	0.2139	−0.028%	$4K	$277	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2140	+0.019%	$76K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2140	+0.005%	$82K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−0.771%	$522	$57K	5.5x	as long as short
dYdX ENA-USD	+0.0091%	1h	0.2140	−0.007%	$141K	$16K	5x	as long as short
Lighter ENA	+0.0096%	1h	0.2142	+0.079%	$5.0M	$13.0M	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2138	−0.089%	$52K	$493K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2138	−0.088%	$48K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2140	+0.002%	$566K	$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	0.2142	+0.089%	$116.8M	$76.3M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2140	+0.009%	$1.4M	$3.4M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2140	+0.017%	$410K	$569K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2140	+0.001%	$130.1M	$432.2M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2139	−0.033%	$88.9M	$194.4M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2140	−0.009%	$21.1M	$110.2M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2137	−0.131%	$28K	$319K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2140	+0.005%	$79K	$282K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2140	+0.005%	$93K	$511	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2140	−0.005%	$13.3M	$27.3M	50x	as long as short
MEXC ENA_USDTlong	+0.0100%	4h	0.2140	long leg	$40.9M	$43.1M	200x
KuCoin ENAUSDTM	+0.0100%	4h	0.2141	+0.056%	$25.2M	$16.0M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2137	−0.112%	$48.4M	$61.3M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2139	−0.028%	—	$31.3M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2139	−0.047%	$3.1M	$9.8M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2139	−0.026%	$254K	$7.1M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2152	+0.548%	$359K	$4.8M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2140	+0.005%	$19K	$645K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2142	+0.089%	$176K	$2.7M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2090	−2.337%	$1K	$928K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2139	−0.042%	$4K	$7K	10x	as long as short
HTX ENA-USDTshort	+0.0100%	4h	0.2145	+0.252%	$266K	$837K	50x
Phemex ENAUSDT	+0.0100%	4h	0.2141	+0.051%	$1.9M	$8.9M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2139	−0.050%	$1.6M	$4.6M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2140	+0.005%	$75K	$4K	3x	as long as short
Phoenix ENA	+0.0150%	1h	0.2146	+0.290%	$14K	$267K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0195%	1h	0.2139	−0.020%	$2.6M	$4.4M	50x	as long as short
Backpack ENA_USDC_PERP	+0.0261%	1h	0.2141	+0.042%	$416K	$478K	5x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0308% / S −0.0754%	1h	0.2140	−0.004%	$59K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2137	−0.140%	$5.6M	$3.5M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2140	−0.014%	$1K	—	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0544%	1h	0.2140	+0.009%	$795K	$2.0M	50x	as long as short