Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against MEXC+0.341%81s7-day average +0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$450.454% of the position

Long on MEXC Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 4 days (all we have)−0.381%−$38 · spread now +0.341%, 7d avg +0.046%

Together, before fees−0.361%−$36 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: ApeX Omni is 0.295% dearer against MEXC than usual: you sell high and buy low, +$29 on $10k if it goes back to its 7-day average of +0.046%. The two prices were read 81 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ENA_USDT	0.2139	0.0100	pay 0.0050% / 4h	1h 42m	$48.4M	$42.2M	200x
Short	ApeX Omni ENAUSDT	0.2146	0.0100	get 0.0013% / 1h	42m 15s	$19K	$649K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against MEXC. 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 MEXCbpFee ApeX OmnibpOrdersPrice spread, now +0.341%Rate

Funding earned: $0
Price spread: +0.341% → +0.046%: $29.5
Slippage, 4 orders: −$35.39
Fee MEXC: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$15.9
Costs to cover: 0.454%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; ApeX Omni: live order book, 66 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 MEXC live order book, 2 min ago	0.23 bp	2.9 bp −$3	7.0 bp −$70	42.5 bp −$4,253	65.0 bp −$32.5K
Sell ApeX Omni live order book, 66 min ago	11.87 bp	21.0 bp −$21	142.5 bp −$1,425	doesn't fit	doesn't fit

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	−0.0132%	4h	0.2137	−0.075%	$44K	$26K	10x	as long as short
01 Exchange ENAUSD	−0.0016%	1h	0.2138	−0.042%	$4K	$277	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2138	−0.028%	$68K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2138	−0.052%	$82K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−0.715%	$522	$57K	5.5x	as long as short
Lighter ENA	+0.0096%	1h	0.2140	+0.070%	$5.1M	$13.4M	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2138	−0.033%	$57K	$481K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2139	−0.007%	$566K	$1.8M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2140	+0.042%	$115.3M	$76.6M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2138	−0.011%	$1.4M	$3.3M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ENA	+0.0100%	1h	0.2138	−0.041%	$404K	$540K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2138	−0.040%	$128.9M	$428.7M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2138	−0.028%	$85.6M	$181.6M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2138	−0.028%	$21.4M	$109.0M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2143	+0.196%	$20K	$322K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2137	−0.079%	$79K	$281K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2138	−0.033%	$93K	$511	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2138	−0.033%	$12.4M	$26.1M	50x	as long as short
MEXC ENA_USDTlong	+0.0100%	4h	0.2139	long leg	$48.4M	$42.2M	200x
KuCoin ENAUSDTM	+0.0100%	4h	0.2139	0.000%	$24.7M	$15.8M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2136	−0.108%	$48.6M	$60.2M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2138	−0.042%	—	$31.6M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2139	+0.013%	$3.1M	$10.2M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2143	+0.196%	$256K	$7.1M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2141	+0.118%	$358K	$5.1M	10x	as long as short
ApeX Omni ENAUSDTshort	+0.0100%	1h	0.2146	+0.341%	$19K	$649K	50x
Polymarket Perps ENA-USD	+0.0100%	1h	0.2138	−0.014%	$188K	$2.6M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2086	−2.487%	$1K	$899K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2142	+0.154%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2142	+0.168%	$268K	$824K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2139	+0.014%	$1.8M	$8.9M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2138	−0.055%	$48K	$110	10x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2137	−0.062%	$1.6M	$4.3M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2137	−0.063%	$75K	$4K	3x	as long as short
Phoenix ENA	+0.0110%	1h	0.2142	+0.164%	$8K	$276K	10x	as long as short
dYdX ENA-USD	+0.0131%	1h	0.2139	+0.016%	$141K	$16K	5x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0308% / S −0.0753%	1h	0.2138	−0.029%	$59K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2143	+0.196%	$5.7M	$3.2M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2137	−0.079%	$1K	$5K	15x	as long as short
Kraken Futures PF_ENAUSD	+0.0441%	1h	0.2140	+0.054%	$2.6M	$4.3M	50x	as long as short
Coinbase International ENA-PERP-INTX	+0.0616%	1h	0.2149	+0.496%	$887K	$1.8M	50x	as long as short
Backpack ENA_USDC_PERP	+0.0636%	1h	0.2139	+0.005%	$395K	$434K	5x	as long as short