Funding arb · Price arb /

ENA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Pacifica against MEXC+0.055%7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$220.220% of the position

Long on MEXC Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.019%+$2 on $10k

Price spread, last 4 days (all we have)+0.208%+$21 · spread now +0.055%, 7d avg +0.011%

Together, before fees+0.227%+ Points / potential airdropPacifica: Active · farm board+$23 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: Pacifica is 0.044% dearer against MEXC than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ENA_USDT	0.2092	0.0100	pay 0.0050% / 4h	1h 52m	$45.0M	$46.6M	200x
Short	Pacifica ENA	0.2093	0.0100	get 0.0013% / 1h	52m 27s	$405K	$587K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.055%Rate

Funding earned: $0
Price spread: +0.055% → +0.011%: $4.4
Slippage, 4 orders: −$14.01
Fee MEXC: 0 bp × 2 orders: $0
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$17.6
Costs to cover: 0.220%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; Pacifica: live order book, 31 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	0.24 bp	2.0 bp −$2	6.1 bp −$61	38.1 bp −$3,810	69.8 bp −$34.9K
Sell Pacifica live order book, 31 min ago	1.42 bp	10.9 bp −$11	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	−0.0078%	4h	0.2090	−0.081%	$40K	$24K	10x	as long as short
Backpack ENA_USDC_PERP	−0.0008%	1h	0.2091	−0.024%	$361K	$484K	5x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2091	−0.024%	$92K	$1.8M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2091	−0.029%	$96K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+1.520%	$522	$57K	5.5x	as long as short
Kraken Futures PF_ENAUSD	+0.0066%	1h	0.2091	−0.040%	$2.6M	$5.6M	50x	as long as short
01 Exchange ENAUSD	+0.0072%	1h	0.2093	+0.057%	$4K	$432	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2092	+0.019%	$60K	$538K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2092	+0.022%	$47K	$221	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2092	+0.005%	$656K	$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
Aster ENAUSDT	+0.0100%	4h	0.2093	+0.057%	$1.5M	$3.3M	50x	as long as short
Pacifica ENAshort	+0.0100%	1h	0.2093	+0.055%	$405K	$587K	10x
Binance ENAUSDT	+0.0100%	4h	0.2091	−0.011%	$128.6M	$463.6M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2090	−0.072%	$86.9M	$193.0M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2091	−0.053%	$20.2M	$112.9M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2098	+0.320%	$20K	$414K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2093	+0.067%	$82K	$223K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2092	−0.005%	$10.4M	$21.1M	50x	as long as short
MEXC ENA_USDTlong	+0.0100%	4h	0.2092	long leg	$45.0M	$46.6M	200x
KuCoin ENAUSDTM	+0.0100%	4h	0.2093	+0.057%	$23.9M	$16.7M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2091	−0.053%	$47.3M	$65.4M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2091	−0.043%	—	$32.9M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2093	+0.070%	$3.8M	$10.4M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2096	+0.215%	$249K	$7.8M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2096	+0.227%	$353K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2097	+0.258%	$32K	$711K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2092	+0.043%	$187K	$2.8M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2040	−2.472%	$1K	$814K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2091	−0.029%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2094	+0.110%	$272K	$1.5M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2089	−0.124%	$1.9M	$9.2M	50x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2083	−0.388%	$88K	$2K	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2090	−0.060%	$77K	$11K	3x	as long as short
Phoenix ENA	+0.0115%	1h	0.2092	+0.038%	$5K	$356K	10x	as long as short
Extended ENA-USD	+0.0208%	1h	0.2092	+0.020%	$1.6M	$4.2M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0218% / S −0.0358%	1h	0.2091	−0.048%	$38K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2090	−0.091%	$5.5M	$8.1M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2091	−0.016%	$1K	$5K	15x	as long as short
Lighter ENA	+0.0520%	1h	0.2095	+0.163%	$5.6M	$12.9M	10x	as long as short
Hyperliquid ENA	+0.0545%	1h	0.2095	+0.153%	$110.3M	$79.7M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0576%	1h	0.2094	+0.129%	$801K	$2.1M	50x	as long as short
dYdX ENA-USD	+0.1806%	1h	0.2091	−0.015%	$138K	$15K	5x	as long as short