Settings8H · net · $10k
Funding arb · Price arb /

ENA

all ENA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0141%/8h= +15.4% APRnext payment +$0.71 per $10,000 · paid last 24h +0.043%
Price spread now: MEXC against Orderly+0.066%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and MEXC is 0.066% dearer against Orderly than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_ENA_USDC0.2107−0.0041get 0.0021% / 4h1h 08m$41K$24K10x
ShortMEXC ENA_USDT0.21080.0100get 0.0050% / 4h1h 08m$46.8M$47.0M200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC against Orderly. 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

Funding earned
$29.61
Price spread: +0.066% → 0.000%
$6.65
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee MEXC: 0 bp × 2 orders
$0
Net
$30.26
Costs to cover
0.060%
Break-even
from the start
Slippage unknown: Orderly: no order-book sample; MEXC: live order book, 5 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Orderly no order-book sample
Sell MEXC live order book, 5 min ago0.24 bp0.6 bp −$14.6 bp −$4629.8 bp −$2,98061.1 bp −$30.6K
Orderly: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_ENA_USDClong−0.0041%4h0.2107long leg$41K$24K10x
Backpack ENA_USDC_PERP−0.0018%1h0.2110+0.142%$372K$447K5xas long as short
gTrade (Gains Network) ENA/USDL +0.0003% / S −0.0003%1h0.2105−0.062%$101K150xas long as short
Injective ENA/USDC PERP+0.0033%1h0.2123+0.793%$522$57K5.5xas long as short
Kraken Futures PF_ENAUSD+0.0066%1h0.2109+0.095%$2.7M$5.5M50xas long as short
Popdex ENAUSDT+0.0096%1h0.2104−0.128%$62K$530K50xas long as short
Paradex ENA-USD-PERP+0.0100%8h0.2102−0.210%$47K$22110xas long as short
Nado ENA-PERP+0.0100%1h0.2104−0.112%$662K$1.8M10xas long as short
Aster ENAUSDT+0.0100%4h0.2107+0.032%$1.5M$3.3M50xas long as short
Pacifica ENA+0.0100%1h0.2103−0.176%$407K$575K10xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ENAUSDT+0.0100%4h0.2107+0.014%$130.0M$455.0M75xas long as short
Bybit ENAUSDT+0.0100%4h0.2106−0.019%$87.8M$190.4M50xas long as short
OKX ENA-USDT-SWAP+0.0100%4h0.2107+0.014%$20.4M$111.7M50xas long as short
Ondo Perps ENA-USD.P+0.0100%1h0.2099−0.384%$15K$397K5xas long as short
Arcus ENA-USD+0.0100%1h0.2104−0.128%$82K$220K10xas long as short
Bulk ENA-USD+0.0100%1h0.2099−0.353%$89K$50010xas long as short
Gate ENA_USDT+0.0100%4h0.2107+0.024%$10.5M$21.4M50xas long as short
MEXC ENA_USDTshort+0.0100%4h0.2108+0.066%$46.8M$47.0M200x
KuCoin ENAUSDTM+0.0100%4h0.2108+0.057%$24.0M$16.3M75xas long as short
Bitget ENAUSDT+0.0100%4h0.2106−0.047%$47.6M$64.7M75xas long as short
BingX ENA-USDT+0.0100%4h0.2108+0.047%$32.8Mas long as short
Variational Omni ENA+0.0100%4h0.2097−0.453%$3.8M$10.3Mas long as short
edgeX ENAUSDC+0.0100%4h0.2098−0.419%$249K$7.7M20xas long as short
GRVT ENA_USDT_Perp+0.0100%4h0.2096−0.521%$350K$4.6M10xas long as short
ApeX Omni ENAUSDT+0.0100%1h0.2096−0.508%$32K$711K50xas long as short
Polymarket Perps ENA-USD+0.0100%1h0.2106−0.052%$177K$2.6M10xas long as short
SunX ENA-USDT+0.0100%4h0.2053−2.535%$1K$816K20xas long as short
SoDEX ENA-USD+0.0100%1h0.2108+0.062%$4K$14K10xas long as short
HTX ENA-USDT+0.0100%4h0.2104−0.119%$274K$1.5M50xas long as short
Phemex ENAUSDT+0.0100%4h0.2107+0.014%$2.0M$9.1M50xas long as short
Aevo ENA-PERP+0.0104%1h0.2107+0.038%$77K$11K3xas long as short
Phoenix ENA+0.0115%1h0.2098−0.394%$5K$356K10xas long as short
Deribit ENA_USDC-PERPETUAL+0.0130%1h0.2108+0.071%$92K$1.8M50xas long as short
01 Exchange ENAUSD+0.0144%1h0.2105−0.076%$4K$31210xas long as short
GMX ENA/USD [ETH-USDC]L +0.0246% / S −0.0424%1h0.2105−0.076%$38K100xas long as short
BloFin ENA-USDT+0.0340%4h0.2103−0.180%$5.5M$8.0M75xas long as short
Extended ENA-USD+0.0352%1h0.2106−0.035%$1.6M$4.1M50xas long as short
Reya ENARUSDPERP+0.0412%1h0.2105−0.082%$1K$5K15xas long as short
Lighter ENA+0.0552%1h0.2111+0.185%$5.7M$12.9M10xas long as short
Coinbase International ENA-PERP-INTX+0.0576%1h0.2100−0.313%$827K$2.1M50xas long as short
Hyperliquid ENA+0.0590%1h0.2111+0.205%$111.5M$78.5M10xas long as short
dYdX ENA-USD+0.1983%1h0.2102−0.201%$139K$15K5xas long as short