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 −0.001%

Price spread now: OKX against MEXC−0.014%7-day average −0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$230.227% of the position

Long on MEXC Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.049%−$5 on $10k

Price spread, last 7 days+0.026%+$3 · spread now −0.014%, 7d avg −0.011%

Together, before fees−0.023%−$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ENA_USDT	0.2118	0.0100	pay 0.0050% / 4h	3h 38m	$46.3M	$44.2M	200x
Short	OKX ENA-USDT-SWAP	0.2118	0.0100	get 0.0050% / 4h	3h 38m	$20.7M	$109.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.014%Rate

Funding earned: $0
Price spread: −0.014% → −0.011%: −$0.31
Slippage, 4 orders: −$12.72
Fee MEXC: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$23.02
Costs to cover: 0.227%
Break-even: never at this rate

Slippage from MEXC: live order book, 6 min ago; OKX: live order book, 6 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, 6 min ago	0.24 bp	1.5 bp −$2	5.5 bp −$55	35.3 bp −$3,529	65.6 bp −$32.8K
Sell OKX live order book, 6 min ago	0.24 bp	9.6 bp −$10	20.4 bp −$204	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
Backpack ENA_USDC_PERP	−0.0010%	1h	0.2119	+0.028%	$377K	$417K	5x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2118	−0.005%	$91K	$1.7M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2118	−0.019%	$97K	—	150x	as long as short
Orderly PERP_ENA_USDC	+0.0024%	4h	0.2117	−0.024%	$41K	$23K	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.255%	$522	$57K	5.5x	as long as short
dYdX ENA-USD	+0.0036%	1h	0.2117	−0.044%	$140K	$15K	5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2117	−0.047%	$62K	$524K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2116	−0.071%	$672K	$1.7M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2118	−0.013%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2116	−0.071%	$410K	$552K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ENAUSDT	+0.0100%	4h	0.2118	−0.005%	$131.3M	$445.6M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2117	−0.038%	$89.1M	$186.6M	50x	as long as short
OKX ENA-USDT-SWAPshort	+0.0100%	4h	0.2118	−0.014%	$20.7M	$109.1M	50x
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2119	+0.024%	$15K	$399K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2118	0.000%	$84K	$221K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2117	−0.071%	$89K	−$0	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2117	−0.061%	$10.8M	$20.8M	50x	as long as short
MEXC ENA_USDTlong	+0.0100%	4h	0.2118	long leg	$46.3M	$44.2M	200x
KuCoin ENAUSDTM	+0.0100%	4h	0.2118	−0.014%	$24.4M	$16.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2117	−0.071%	$48.0M	$61.7M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2117	−0.038%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2118	+0.001%	$3.9M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2117	−0.031%	$247K	$7.5M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2121	+0.120%	$355K	$4.7M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2117	−0.047%	$34K	$710K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2118	0.000%	$179K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2069	−2.323%	$992	$829K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2117	−0.047%	$4K	$10K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2123	+0.231%	$276K	$1.4M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2117	−0.047%	$1.9M	$9.4M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2117	−0.043%	$47K	$221	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2118	+0.006%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0150%	1h	0.2119	+0.038%	$7K	$347K	10x	as long as short
01 Exchange ENAUSD	+0.0216%	1h	0.2118	−0.005%	$4K	$302	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0236%	1h	0.2119	+0.051%	$2.7M	$5.1M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0250% / S −0.0434%	1h	0.2117	−0.027%	$38K	—	100x	as long as short
Extended ENA-USD	+0.0272%	1h	0.2117	−0.030%	$1.6M	$4.3M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2119	+0.028%	$5.6M	$3.8M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2117	−0.051%	$1K	$5K	15x	as long as short
Lighter ENA	+0.0600%	1h	0.2118	+0.019%	$5.6M	$12.5M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0608%	1h	0.2120	+0.085%	$837K	$1.9M	50x	as long as short
Hyperliquid ENA	+0.0688%	1h	0.2121	+0.146%	$114.4M	$75.3M	10x	as long as short