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: edgeX against MEXC−0.023%68s7-day average −0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as 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−$260.258% of the position

Long on MEXC Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.022%+$2 on $10k

Price spread, last 7 days−0.021%−$2 · spread now −0.023%, 7d avg −0.017%

Together, before fees+0.001%+ Points / potential airdropedgeX: Active · farm board$0 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ENA_USDT	0.2142	0.0100	pay 0.0050% / 4h	1h 44m	$48.4M	$42.2M	200x
Short	edgeX ENAUSDC	0.2141	0.0100	get 0.0050% / 4h	1h 44m	$256K	$7.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.023%Rate

Funding earned: $0
Price spread: −0.023% → −0.017%: −$0.57
Slippage, 4 orders: −$16.82
Fee MEXC: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$26.39
Costs to cover: 0.258%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; edgeX: live order book, 5 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	0.23 bp	1.5 bp −$2	8.4 bp −$84	47.5 bp −$4,745	61.6 bp −$30.8K
Sell edgeX live order book, 5 min ago	7.00 bp	11.5 bp −$12	13.0 bp −$130	43.7 bp −$4,366	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	−0.0133%	4h	0.2142	+0.014%	$44K	$26K	10x	as long as short
01 Exchange ENAUSD	−0.0008%	1h	0.2144	+0.093%	$4K	$277	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2143	+0.037%	$67K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2143	+0.036%	$82K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−0.859%	$522	$57K	5.5x	as long as short
dYdX ENA-USD	+0.0040%	1h	0.2143	+0.050%	$142K	$16K	5x	as long as short
Lighter ENA	+0.0096%	1h	0.2145	+0.163%	$5.1M	$13.4M	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2143	+0.056%	$57K	$481K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2142	+0.005%	$567K	$1.8M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2144	+0.084%	$115.5M	$76.6M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ENAUSDT	+0.0100%	4h	0.2144	+0.095%	$1.4M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2144	+0.099%	$405K	$540K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2143	+0.037%	$129.2M	$428.6M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2142	+0.033%	$85.7M	$181.6M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2142	+0.014%	$21.4M	$109.4M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2143	+0.051%	$20K	$322K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2143	+0.056%	$79K	$281K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2148	+0.302%	$94K	$511	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2143	+0.037%	$12.4M	$26.0M	50x	as long as short
MEXC ENA_USDTlong	+0.0100%	4h	0.2142	long leg	$48.4M	$42.2M	200x
KuCoin ENAUSDTM	+0.0100%	4h	0.2143	+0.042%	$24.8M	$15.8M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2141	−0.033%	$48.7M	$60.2M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2142	+0.033%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2139	−0.132%	$3.1M	$10.2M	—	as long as short
edgeX ENAUSDCshort	+0.0100%	4h	0.2141	−0.023%	$256K	$7.1M	20x
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2141	−0.027%	$358K	$5.1M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2142	+0.009%	$19K	$649K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2143	+0.047%	$188K	$2.6M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2091	−2.391%	$1K	$899K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2146	+0.196%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2148	+0.289%	$269K	$824K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2147	+0.243%	$1.8M	$8.9M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2143	+0.054%	$48K	$110	10x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2142	−0.001%	$1.6M	$4.3M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2142	+0.028%	$75K	$4K	3x	as long as short
Phoenix ENA	+0.0110%	1h	0.2142	+0.019%	$8K	$276K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0308% / S −0.0753%	1h	0.2142	+0.023%	$59K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2145	+0.135%	$5.7M	$3.2M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2142	−0.014%	$1K	$5K	15x	as long as short
Kraken Futures PF_ENAUSD	+0.0440%	1h	0.2144	+0.119%	$2.7M	$4.3M	50x	as long as short
Coinbase International ENA-PERP-INTX	+0.0616%	1h	0.2149	+0.350%	$887K	$1.8M	50x	as long as short
Backpack ENA_USDC_PERP	+0.0637%	1h	0.2149	+0.322%	$393K	$432K	5x	as long as short