Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against MEXC+0.057%7-day average −0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$270.267% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.021%+$2 on $10k

Price spread, last 7 days−0.057%−$6 · spread now +0.057%, 7d avg −0.019%

Together, before fees−0.036%−$4 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: BingX is 0.076% dearer against MEXC than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ENA_USDT	0.2100	0.0100	pay 0.0050% / 4h	2h 48m	$45.3M	$40.6M	200x
Short	BingX ENA-USDC	0.2101	0.0100	get 0.0050% / 4h	2h 48m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.057%Rate

Funding earned: $0
Price spread: +0.057% → −0.019%: $7.6
Slippage, 4 orders: −$16.7
Fee MEXC: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: −$19.1
Costs to cover: 0.267%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; BingX: live order book, 6 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, 5 min ago	0.24 bp	1.9 bp −$2	8.8 bp −$88	42.2 bp −$4,217	71.2 bp −$35.6K
Sell BingX live order book, 6 min ago	0.48 bp	12.7 bp −$13	29.0 bp −$290	72.3 bp −$7,231	479.4 bp −$239.7K

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
ApeX Omni ENAUSDT	−0.0291%	1h	0.2103	+0.152%	$20K	$649K	50x	as long as short
Orderly PERP_ENA_USDC	−0.0138%	4h	0.2102	+0.090%	$44K	$25K	10x	as long as short
Gate ENA_USDT	−0.0054%	4h	0.2101	+0.038%	$10.9M	$23.4M	50x	as long as short
01 Exchange ENAUSD	−0.0032%	1h	0.2102	+0.124%	$4K	$277	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2102	+0.110%	$73K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2103	+0.136%	$82K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+1.124%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2102	+0.105%	$56K	$466K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2103	+0.141%	$47K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2103	+0.162%	$652K	$1.7M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid ENA	+0.0100%	1h	0.2104	+0.176%	$113.8M	$74.2M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2102	+0.103%	$1.4M	$3.2M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2103	+0.159%	$395K	$522K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2101	+0.044%	$127.7M	$416.4M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2100	+0.033%	$85.2M	$175.2M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2101	+0.038%	$21.0M	$103.5M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2099	−0.048%	$22K	$320K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2102	+0.105%	$78K	$276K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2096	−0.158%	$92K	−$0	10x	as long as short
MEXC ENA_USDTlong	+0.0100%	4h	0.2100	long leg	$45.3M	$40.6M	200x
KuCoin ENAUSDTM	+0.0100%	4h	0.2103	+0.148%	$24.8M	$15.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2099	−0.029%	$47.8M	$57.9M	75x	as long as short
BingX ENA-USDCshort	+0.0100%	4h	0.2101	+0.057%	—	$6.5M	—
Variational Omni ENA	+0.0100%	4h	0.2102	+0.094%	$3.0M	$10.0M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2093	−0.314%	$238K	$6.8M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2102	+0.121%	$355K	$5.0M	10x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2103	+0.157%	$188K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2052	−2.253%	$1K	$867K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2101	+0.057%	$3K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2105	+0.262%	$274K	$777K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2101	+0.057%	$1.7M	$8.9M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2099	−0.027%	$1.6M	$4.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2102	+0.107%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0153%	1h	0.2104	+0.186%	$8K	$278K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0163%	1h	0.2104	+0.195%	$2.6M	$4.3M	50x	as long as short
Lighter ENA	+0.0248%	1h	0.2104	+0.181%	$5.2M	$13.0M	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0306% / S −0.0358%	1h	0.2103	+0.152%	$70K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2103	+0.133%	$5.5M	$3.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2102	+0.122%	$1K	$5K	15x	as long as short
dYdX ENA-USD	+0.0469%	1h	0.2102	+0.102%	$139K	$15K	5x	as long as short
Backpack ENA_USDC_PERP	+0.0551%	1h	0.2102	+0.105%	$358K	$400K	5x	as long as short
Coinbase International ENA-PERP-INTX	+0.0704%	1h	0.2100	+0.010%	$860K	$1.7M	50x	as long as short