Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0312%/8h= +34.1% APRpaid last 24h +0.094%

Price spread now: Reya against MEXC+0.012%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$9 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ENA_USDT	0.2108	0.0100	pay 0.0050% / 4h	3h 30m	$45.7M	$41.0M	200x
Short	Reya ENARUSDPERP	0.2109	0.0412	get 0.0051% / 1h	30m 04s	$1K	$5K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now +0.012%Rate

Funding earned: $65.45
Price spread: +0.012% → 0.000%: $1.22
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Reya: 3 bp × 2 orders: −$6
Net: $60.67
Costs to cover: 0.060%
Break-even: 0.5 days

Slippage unknown: MEXC: live order book, 4 min ago; Reya: no order-book sample. Net counts fees only.

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, 4 min ago	0.24 bp	4.2 bp −$4	8.1 bp −$81	45.7 bp −$4,566	75.2 bp −$37.6K
Sell Reya no order-book sample	—	—	—	—	—

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0108%	1h	0.2109	+0.024%	$360K	$403K	5x	as long as short
Orderly PERP_ENA_USDC	−0.0099%	4h	0.2109	+0.005%	$44K	$26K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2109	+0.052%	$73K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2109	+0.023%	$82K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.711%	$522	$57K	5.5x	as long as short
01 Exchange ENAUSD	+0.0048%	1h	0.2109	+0.028%	$4K	$277	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2108	−0.019%	$56K	$465K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2101	−0.339%	$47K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2109	+0.014%	$656K	$1.7M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2109	+0.028%	$1.5M	$3.2M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ENA	+0.0100%	1h	0.2109	+0.012%	$401K	$513K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2108	−0.028%	$127.9M	$413.8M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2107	−0.081%	$85.3M	$174.6M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2107	−0.062%	$21.0M	$103.5M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2100	−0.417%	$22K	$332K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2109	+0.028%	$78K	$276K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2098	−0.493%	$92K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2108	−0.019%	$11.2M	$22.4M	50x	as long as short
MEXC ENA_USDTlong	+0.0100%	4h	0.2108	long leg	$45.7M	$41.0M	200x
KuCoin ENAUSDTM	+0.0100%	4h	0.2109	+0.052%	$24.9M	$15.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2107	−0.085%	$47.8M	$57.7M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2108	−0.009%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2109	+0.047%	$3.0M	$10.0M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2099	−0.435%	$241K	$6.9M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2101	−0.352%	$352K	$5.0M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2102	−0.304%	$20K	$651K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2110	+0.076%	$192K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2058	−2.400%	$1K	$852K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2108	−0.019%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2116	+0.375%	$274K	$789K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2109	+0.028%	$1.7M	$8.9M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2108	+0.001%	$1.6M	$4.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2110	+0.057%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0113%	1h	0.2103	−0.261%	$8K	$274K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0173%	1h	0.2109	+0.045%	$2.6M	$4.3M	50x	as long as short
Lighter ENA	+0.0200%	1h	0.2111	+0.123%	$5.2M	$13.3M	10x	as long as short
Hyperliquid ENA	+0.0248%	1h	0.2109	+0.038%	$114.7M	$74.1M	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0306% / S −0.0358%	1h	0.2109	+0.034%	$70K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2110	+0.085%	$5.5M	$3.0M	75x	as long as short
Reya ENARUSDPERPshort	+0.0412%	1h	0.2109	+0.012%	$1K	$5K	15x
Coinbase International ENA-PERP-INTX	+0.0656%	1h	0.2114	+0.289%	$865K	$1.7M	50x	as long as short
dYdX ENA-USD	+0.1107%	1h	0.2108	−0.004%	$139K	$15K	5x	as long as short