Funding arb · Price arb /

ENA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: MEXC against Arcus+0.028%7-day average −0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$290.291% of the position

Long on Arcus Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.013%−$1 · spread now +0.028%, 7d avg −0.035%

Together, before fees−0.012%−$1 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 0.063% dearer against Arcus than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus ENA-USD	0.2172	0.0100	pay 0.0013% / 1h	2m 45s	$80K	$281K	10x
Short	MEXC ENA_USDT	0.2173	0.0100	get 0.0050% / 4h	2h 02m	$48.4M	$42.2M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Arcus. 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 ArcusbpFee MEXCbpOrdersPrice spread, now +0.028%Rate

Funding earned: $0
Price spread: +0.028% → −0.035%: $6.26
Slippage, 4 orders: −$24.56
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee MEXC: 0 bp × 2 orders: $0
Net: −$22.8
Costs to cover: 0.291%
Break-even: never at this rate

Slippage from Arcus: live order book, 46 min ago; MEXC: live order book, 1 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 Arcus live order book, 46 min ago	7.12 bp	14.6 bp −$15	26.1 bp −$261	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	0.23 bp	2.0 bp −$2	7.2 bp −$72	40.2 bp −$4,021	59.0 bp −$29.5K

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	−0.0141%	4h	0.2171	−0.032%	$45K	$26K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2172	+0.009%	$67K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2171	−0.032%	$84K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−2.238%	$522	$57K	5.5x	as long as short
01 Exchange ENAUSD	+0.0040%	1h	0.2172	−0.009%	$4K	$277	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2171	−0.046%	$55K	$477K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2171	−0.039%	$577K	$1.8M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2173	+0.064%	$117.9M	$75.9M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2173	+0.037%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2172	−0.009%	$408K	$532K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ENAUSDT	+0.0100%	4h	0.2172	+0.014%	$131.6M	$426.8M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2172	−0.014%	$87.6M	$179.2M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2172	−0.005%	$21.7M	$109.6M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2175	+0.129%	$21K	$327K	5x	as long as short
Arcus ENA-USDlong	+0.0100%	1h	0.2172	long leg	$80K	$281K	10x
Bulk ENA-USD	+0.0100%	1h	0.2182	+0.437%	$96K	−$0	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2171	−0.028%	$11.5M	$24.8M	50x	as long as short
MEXC ENA_USDTshort	+0.0100%	4h	0.2173	+0.028%	$48.4M	$42.2M	200x
KuCoin ENAUSDTM	+0.0100%	4h	0.2174	+0.110%	$25.3M	$15.7M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2170	−0.110%	$49.3M	$59.3M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2172	+0.009%	—	$31.4M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2182	+0.445%	$3.1M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2179	+0.305%	$257K	$7.0M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2179	+0.310%	$364K	$5.0M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2178	+0.276%	$20K	$650K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2172	−0.018%	$192K	$2.5M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2119	−2.459%	$954	$893K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2172	0.000%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2176	+0.198%	$273K	$806K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2172	0.000%	$1.8M	$8.9M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2171	−0.036%	$49K	$110	10x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2172	−0.002%	$1.6M	$4.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2172	−0.018%	$76K	$4K	3x	as long as short
Phoenix ENA	+0.0153%	1h	0.2176	+0.198%	$8K	$278K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0158%	1h	0.2174	+0.108%	$2.7M	$4.3M	50x	as long as short
dYdX ENA-USD	+0.0191%	1h	0.2172	−0.006%	$143K	$16K	5x	as long as short
Lighter ENA	+0.0240%	1h	0.2174	+0.110%	$5.2M	$13.4M	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0310% / S −0.0753%	1h	0.2171	−0.048%	$60K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2172	+0.009%	$5.6M	$3.2M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2171	−0.065%	$1K	$5K	15x	as long as short
Backpack ENA_USDC_PERP	+0.0522%	1h	0.2174	+0.097%	$398K	$423K	5x	as long as short
Coinbase International ENA-PERP-INTX	+0.0704%	1h	0.2178	+0.258%	$894K	$1.8M	50x	as long as short