Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: MEXC against ApeX Omni+0.019%7-day average −0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$390.386% of the position

Long on ApeX Omni Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 4 days (all we have)+0.061%+$6 · spread now +0.019%, 7d avg −0.033%

Together, before fees+0.047%+$5 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: MEXC is 0.053% dearer against ApeX Omni than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ENAUSDT	0.2088	0.0100	pay 0.0013% / 1h	2m 53s	$18K	$650K	50x
Short	MEXC ENA_USDT	0.2088	0.0100	get 0.0050% / 4h	1h 02m	$43.3M	$42.3M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against ApeX Omni. 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 ApeX OmnibpFee MEXCbpOrdersPrice spread, now +0.019%Rate

Funding earned: $0
Price spread: +0.019% → −0.033%: $5.26
Slippage, 4 orders: −$28.65
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$33.38
Costs to cover: 0.386%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 43 min ago; MEXC: live order book, 4 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 ApeX Omni live order book, 43 min ago	7.19 bp	16.6 bp −$17	136.2 bp −$1,362	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	1.20 bp	2.3 bp −$2	6.4 bp −$64	34.9 bp −$3,489	68.3 bp −$34.1K

ENA on 42 exchanges

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	−0.0178%	4h	0.2087	−0.043%	$43K	$16K	10x	as long as short
01 Exchange ENAUSD	−0.0160%	1h	0.2089	+0.034%	$4K	$60	10x	as long as short
Kraken Futures PF_ENAUSD	−0.0134%	1h	0.2087	−0.028%	$2.6M	$3.0M	50x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2088	+0.014%	$53K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2088	−0.023%	$81K	—	150x	as long as short
Bitget ENAUSDT	+0.0018%	4h	0.2087	−0.062%	$47.5M	$55.3M	75x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2122	+1.624%	$734	$57K	5.5x	as long as short
Lighter ENA	+0.0096%	1h	0.2089	+0.043%	$5.0M	$13.2M	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2088	0.000%	$55K	$386K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2087	−0.031%	$47K	—	10x	as long as short

Show all 42 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado ENA-PERP	+0.0100%	1h	0.2088	−0.014%	$539K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2090	+0.091%	$111.8M	$74.3M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2089	+0.049%	$1.3M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2088	+0.008%	$379K	$497K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2088	+0.019%	$124.5M	$402.0M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2087	−0.029%	$83.8M	$182.8M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2088	+0.010%	$20.5M	$97.4M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2085	−0.139%	$32K	$315K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2089	+0.048%	$77K	$219K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2088	+0.007%	$102K	$11K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2088	0.000%	$14.1M	$27.7M	50x	as long as short
MEXC ENA_USDTshort	+0.0100%	4h	0.2088	+0.019%	$43.3M	$42.3M	200x
KuCoin ENAUSDTM	+0.0100%	4h	0.2090	+0.081%	$24.8M	$14.5M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2088	+0.019%	—	$6.5M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2089	+0.034%	$404K	$468K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2088	+0.024%	$2.8M	$7.6M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2087	−0.061%	$239K	$6.6M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2088	−0.020%	$354K	$4.2M	10x	as long as short
ApeX Omni ENAUSDTlong	+0.0100%	1h	0.2088	long leg	$18K	$650K	50x
Polymarket Perps ENA-USD	+0.0100%	1h	0.2088	+0.005%	$116K	$2.6M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2039	−2.356%	$1K	$929K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2087	−0.048%	$6K	$5K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2090	+0.096%	$269K	$769K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2088	0.000%	$1.8M	$9.1M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2087	−0.028%	$1.6M	$4.5M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2088	+0.011%	$73K	$4K	3x	as long as short
Phoenix ENA	+0.0113%	1h	0.2090	+0.105%	$13K	$278K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0304% / S −0.0754%	1h	0.2089	+0.070%	$57K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2088	+0.010%	$5.4M	$3.4M	75x	as long as short
Reya ENARUSDPERP	+0.0411%	1h	0.2086	−0.096%	$1K	—	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0480%	1h	0.2090	+0.115%	$765K	$1.8M	50x	as long as short
dYdX ENA-USD	+0.0919%	1h	0.2087	−0.038%	$138K	$16K	5x	as long as short