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: MEXC against OKX+0.028%7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$310.314% of the position

Long on OKX Short on MEXC

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−0.045%−$4 · spread now +0.028%, 7d avg +0.011%

Together, before fees+0.004%$0 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ENA-USDT-SWAP	0.2129	0.0100	pay 0.0050% / 4h	2h 23m	$20.9M	$107.9M	50x
Short	MEXC ENA_USDT	0.2129	0.0100	get 0.0050% / 4h	2h 23m	$45.3M	$44.4M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against OKX. 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 OKXbpFee MEXCbpOrdersPrice spread, now +0.028%Rate

Funding earned: $0
Price spread: +0.028% → +0.011%: $1.77
Slippage, 4 orders: −$21.38
Fee OKX: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$29.62
Costs to cover: 0.314%
Break-even: never at this rate

Slippage from OKX: live order book, 6 min ago; MEXC: 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 OKX live order book, 6 min ago	0.93 bp	12.5 bp −$13	21.8 bp −$218	doesn't fit	doesn't fit
Sell MEXC live order book, 6 min ago	1.63 bp	2.5 bp −$3	9.9 bp −$99	48.8 bp −$4,884	81.2 bp −$40.6K

ENA on 41 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
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2128	−0.009%	$79K	$1.6M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2129	+0.003%	$91K	—	150x	as long as short
dYdX ENA-USD	+0.0014%	1h	0.2134	+0.263%	$141K	$15K	5x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−0.244%	$522	$57K	5.5x	as long as short
Orderly PERP_ENA_USDC	+0.0037%	4h	0.2128	−0.023%	$44K	$28K	10x	as long as short
01 Exchange ENAUSD	+0.0096%	1h	0.2132	+0.179%	$4K	$302	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2130	+0.066%	$55K	$519K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2130	+0.049%	$687K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2132	+0.151%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2134	+0.242%	$418K	$544K	10x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ENAUSDT	+0.0100%	4h	0.2129	+0.012%	$131.7M	$444.9M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2129	−0.005%	$87.4M	$187.1M	50x	as long as short
OKX ENA-USDT-SWAPlong	+0.0100%	4h	0.2129	long leg	$20.9M	$107.9M	50x
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2135	+0.315%	$19K	$413K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2132	+0.160%	$79K	$288K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2135	+0.277%	$94K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2128	−0.009%	$11.0M	$21.5M	50x	as long as short
MEXC ENA_USDTshort	+0.0100%	4h	0.2129	+0.028%	$45.3M	$44.4M	200x
KuCoin ENAUSDTM	+0.0100%	4h	0.2131	+0.132%	$24.7M	$16.4M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2127	−0.085%	$48.4M	$60.9M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2128	−0.009%	—	$32.6M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2137	+0.399%	$382K	$392K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2134	+0.235%	$3.8M	$10.2M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2145	+0.749%	$247K	$7.5M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2132	+0.167%	$354K	$4.8M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2132	+0.160%	$32K	$656K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2130	+0.056%	$183K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2082	−2.208%	$1K	$854K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2129	+0.019%	$4K	$10K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2135	+0.291%	$275K	$875K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2136	+0.348%	$1.9M	$9.2M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2131	+0.106%	$48K	$110	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2129	−0.005%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0188%	1h	0.2138	+0.428%	$7K	$351K	10x	as long as short
Extended ENA-USD	+0.0240%	1h	0.2128	−0.041%	$1.6M	$4.2M	50x	as long as short
Kraken Futures PF_ENAUSD	+0.0250%	1h	0.2130	+0.080%	$2.7M	$4.5M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0251% / S −0.0206%	1h	0.2129	+0.009%	$51K	—	100x	as long as short
Lighter ENA	+0.0400%	1h	0.2137	+0.385%	$5.5M	$13.7M	10x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2129	+0.007%	$1K	$5K	15x	as long as short
Hyperliquid ENA	+0.0510%	1h	0.2133	+0.197%	$115.4M	$72.4M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0648%	1h	0.2142	+0.611%	$839K	$1.7M	50x	as long as short