Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.011%

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

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$180.176% of the position

Long on MEXC Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.058%+$6 on $10k

Price spread, last 7 days+0.031%+$3 · spread now −0.035%, 7d avg −0.035%

Together, before fees+0.090%+ Points / potential airdropExtended: Active · farm board+$9 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	0.2097	0.0100	pay 0.0050% / 4h	1h 47m	$41.9M	$40.7M	200x
Short	Extended ENA-USD	0.2096	0.0104	get 0.0013% / 1h	47m 45s	$1.6M	$4.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.035%Rate

Funding earned: $0.84
Price spread: −0.035% → −0.035%: −$0.06
Slippage, 4 orders: −$12.59
Fee MEXC: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$16.81
Costs to cover: 0.176%
Break-even: 147.1 days

Slippage from MEXC: live order book, 4 min ago; Extended: 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 MEXC live order book, 4 min ago	0.24 bp	1.5 bp −$2	8.6 bp −$86	41.7 bp −$4,172	71.6 bp −$35.8K
Sell Extended live order book, 4 min ago	1.66 bp	8.1 bp −$8	13.6 bp −$136	doesn't fit	doesn't fit

ENA on 42 exchanges

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	−0.0178%	4h	0.2095	−0.105%	$43K	$14K	10x	as long as short
01 Exchange ENAUSD	−0.0168%	1h	0.2095	−0.091%	$4K	$60	10x	as long as short
Kraken Futures PF_ENAUSD	−0.0133%	1h	0.2096	−0.017%	$2.6M	$3.8M	50x	as long as short
Bitget ENAUSDT	−0.0042%	4h	0.2094	−0.119%	$47.2M	$55.7M	75x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2096	−0.033%	$104K	$1.2M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2096	−0.023%	$81K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2122	+1.197%	$734	$57K	5.5x	as long as short
Lighter ENA	+0.0096%	1h	0.2098	+0.043%	$4.9M	$12.4M	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2095	−0.086%	$55K	$390K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2095	−0.094%	$47K	—	10x	as long as short

Show all 42 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado ENA-PERP	+0.0100%	1h	0.2096	−0.018%	$586K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2097	−0.014%	$113.0M	$77.2M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2097	+0.026%	$1.3M	$3.2M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2097	−0.010%	$386K	$499K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2097	0.000%	$126.0M	$404.6M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2095	−0.067%	$86.1M	$183.8M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2096	−0.038%	$20.8M	$98.6M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2098	+0.057%	$27K	$330K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2097	+0.010%	$78K	$235K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2112	+0.724%	$103K	$11K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2097	0.000%	$13.7M	$26.6M	50x	as long as short
MEXC ENA_USDTlong	+0.0100%	4h	0.2097	long leg	$41.9M	$40.7M	200x
KuCoin ENAUSDTM	+0.0100%	4h	0.2098	+0.043%	$24.9M	$15.0M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2096	−0.024%	—	$29.8M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2100	+0.149%	$3.0M	$7.9M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2100	+0.153%	$242K	$6.8M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2104	+0.344%	$356K	$4.4M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2102	+0.248%	$19K	$645K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2096	−0.052%	$166K	$2.6M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2047	−2.394%	$1K	$915K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2096	−0.038%	$6K	$5K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2102	+0.248%	$262K	$784K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2096	−0.038%	$1.9M	$8.9M	50x	as long as short
Extended ENA-USDshort	+0.0104%	1h	0.2096	−0.035%	$1.6M	$4.8M	50x
Aevo ENA-PERP	+0.0104%	1h	0.2095	−0.062%	$73K	$4K	3x	as long as short
Phoenix ENA	+0.0113%	1h	0.2101	+0.205%	$13K	$278K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0305% / S −0.0756%	1h	0.2097	+0.005%	$58K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2099	+0.081%	$5.5M	$3.3M	75x	as long as short
Reya ENARUSDPERP	+0.0411%	1h	0.2100	+0.162%	$1K	—	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0480%	1h	0.2099	+0.129%	$774K	$1.8M	50x	as long as short
Backpack ENA_USDC_PERP	+0.0563%	1h	0.2097	+0.029%	$403K	$473K	5x	as long as short
dYdX ENA-USD	+0.1199%	1h	0.2097	+0.016%	$139K	$15K	5x	as long as short