Funding arb · Price arb /

ENA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.054%

Price spread now: MEXC against Aster−0.029%7-day average −0.071% · you buy dearer than you sell

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$200.203% of the position

Long on Aster Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.150%−$15 on $10k

Price spread, last 4 days (all we have)−0.296%−$30 · spread now −0.029%, 7d avg −0.071%

Together, before fees−0.446%+ Points / potential airdropAster: Stage 5 · farm board−$45 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 0.042% dearer against Aster than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.071%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ENAUSDT	0.2085	0.0100	pay 0.0050% / 4h	2h 00m	$1.5M	$3.3M	50x
Short	MEXC ENA_USDT	0.2084	0.0100	get 0.0050% / 4h	2h 00m	$45.1M	$49.6M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Aster. 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 AsterbpFee MEXCbpOrdersPrice spread, now −0.029%Rate

Funding earned: $0
Price spread: −0.029% → −0.071%: $4.23
Slippage, 4 orders: −$12.3
Fee Aster: 4 bp × 2 orders: −$8
Fee MEXC: 0 bp × 2 orders: $0
Net: −$16.06
Costs to cover: 0.203%
Break-even: never at this rate

Slippage from Aster: live order book, 3 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 Aster live order book, 3 min ago	3.36 bp	7.8 bp −$8	22.5 bp −$225	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	0.24 bp	0.2 bp $0	4.4 bp −$44	33.3 bp −$3,331	64.4 bp −$32.2K

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	−0.0281%	1h	0.2085	+0.019%	$360K	$487K	5x	as long as short
Orderly PERP_ENA_USDC	−0.0079%	4h	0.2085	+0.014%	$40K	$24K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2085	+0.024%	$92K	$1.8M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2084	−0.016%	$96K	—	150x	as long as short
01 Exchange ENAUSD	+0.0008%	1h	0.2084	−0.024%	$4K	$432	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+1.861%	$522	$57K	5.5x	as long as short
Phoenix ENA	+0.0076%	1h	0.2080	−0.206%	$5K	$394K	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2084	−0.029%	$59K	$538K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2083	−0.072%	$47K	$221	10x	as long as short
Aster ENAUSDTlong	+0.0100%	4h	0.2085	long leg	$1.5M	$3.3M	50x

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ENA	+0.0100%	1h	0.2083	−0.058%	$403K	$592K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2084	−0.025%	$128.1M	$465.1M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2083	−0.072%	$86.6M	$193.7M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2084	−0.038%	$20.1M	$113.0M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2080	−0.206%	$20K	$411K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2084	−0.029%	$81K	$223K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2084	−0.048%	$10.4M	$21.8M	50x	as long as short
MEXC ENA_USDTshort	+0.0100%	4h	0.2084	−0.029%	$45.1M	$49.6M	200x
KuCoin ENAUSDTM	+0.0100%	4h	0.2085	+0.038%	$23.8M	$16.7M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2082	−0.115%	$47.1M	$65.8M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2083	−0.058%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2082	−0.121%	$3.8M	$10.4M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2083	−0.068%	$247K	$7.9M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2080	−0.240%	$353K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2079	−0.269%	$31K	$712K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2083	−0.094%	$653K	$1.8M	10x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2085	+0.019%	$188K	$2.8M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2034	−2.447%	$1K	$813K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2084	−0.029%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2085	+0.024%	$270K	$1.5M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2084	−0.029%	$1.9M	$9.2M	50x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2083	−0.054%	$88K	$2K	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2085	+0.019%	$77K	$11K	3x	as long as short
Kraken Futures PF_ENAUSD	+0.0105%	1h	0.2084	−0.013%	$2.6M	$5.8M	50x	as long as short
Extended ENA-USD	+0.0192%	1h	0.2083	−0.082%	$1.6M	$4.2M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0216% / S −0.0165%	1h	0.2084	−0.009%	$50K	—	100x	as long as short
Lighter ENA	+0.0320%	1h	0.2087	+0.096%	$5.6M	$13.2M	10x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2083	−0.077%	$5.5M	$8.1M	75x	as long as short
Hyperliquid ENA	+0.0344%	1h	0.2086	+0.082%	$109.9M	$80.2M	10x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2084	−0.031%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0536%	1h	0.2086	+0.048%	$797K	$2.1M	50x	as long as short
dYdX ENA-USD	+0.4898%	1h	0.2082	−0.114%	$138K	$15K	5x	as long as short