Settings8H · net · $10k
Funding arb · Price arb /

ENA

all ENA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.023%
Price spread now: Injective against MEXC+0.621%115s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.188%+$19 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread pays, funding is against you. Injective is 0.621% dearer against MEXC than usual: you sell high and buy low (spread +0.621% now, against zero (this spread has no 7-day history yet)): +$62 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 31 days. Mind the row above: over the last 7 days funding on this pair paid +0.188%, so the current rate has only just turned against you. The two prices were read 115 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC ENA_USDT0.21100.0100pay 0.0050% / 4h1h 29m$45.4M$41.9M200x
ShortInjective ENA/USDC PERP0.21230.0033get 0.0004% / 1h29m 30s$522$57K5.5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective 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

Funding earned
−$14
Price spread: +0.621% → 0.000%
$62.08
Slippage, 4 orders
no order book: not counted
Fee MEXC: 0 bp × 2 orders
$0
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
$48.06
Costs to cover
0.000%
Break-even
from the start
Slippage unknown: MEXC: live order book, 4 min ago; Injective: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 4 min ago0.24 bp3.0 bp −$37.1 bp −$7136.7 bp −$3,67465.8 bp −$32.9K
Sell Injective no order-book sample
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ENA on 42 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_ENA_USDC−0.0009%4h0.2109−0.043%$44K$26K10xas long as short
Deribit ENA_USDC-PERPETUAL0.0000%1h0.2111+0.038%$79K$1.3M50xas long as short
gTrade (Gains Network) ENA/USDL +0.0004% / S −0.0004%1h0.2110−0.014%$82K150xas long as short
01 Exchange ENAUSD+0.0008%1h0.2111+0.033%$4K$30210xas long as short
Injective ENA/USDC PERPshort+0.0033%1h0.2123+0.621%$522$57K5.5x
dYdX ENA-USD+0.0085%1h0.2110−0.002%$139K$15K5xas long as short
Popdex ENAUSDT+0.0096%1h0.2110−0.014%$55K$497K50xas long as short
Nado ENA-PERP+0.0100%1h0.2109−0.057%$681K$1.7M10xas long as short
Hyperliquid ENA+0.0100%1h0.2113+0.109%$113.5M$71.4M10xas long as short
Aster ENAUSDT+0.0100%4h0.2112+0.080%$1.5M$3.0M50xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica ENA+0.0100%1h0.2112+0.058%$412K$506K10xas long as short
Binance ENAUSDT+0.0100%4h0.2111+0.019%$129.5M$420.0M75xas long as short
Bybit ENAUSDT+0.0100%4h0.2110+0.009%$86.5M$175.4M50xas long as short
OKX ENA-USDT-SWAP+0.0100%4h0.2111+0.033%$20.8M$102.4M50xas long as short
Ondo Perps ENA-USD.P+0.0100%1h0.2107−0.133%$19K$364K5xas long as short
Arcus ENA-USD+0.0100%1h0.2111+0.033%$78K$288K10xas long as short
Bulk ENA-USD+0.0100%1h0.2115+0.223%$93K$4K10xas long as short
Gate ENA_USDT+0.0100%4h0.2110−0.019%$11.1M$21.3M50xas long as short
MEXC ENA_USDTlong+0.0100%4h0.2110long leg$45.4M$41.9M200x
KuCoin ENAUSDTM+0.0100%4h0.2112+0.081%$24.6M$15.7M75xas long as short
Bitget ENAUSDT+0.0100%4h0.2109−0.076%$48.1M$57.7M75xas long as short
BingX ENA-USDT+0.0100%4h0.2110−0.024%$32.2Mas long as short
Backpack ENA_USDC_PERP+0.0100%1h0.2112+0.062%$374K$363K5xas long as short
Variational Omni ENA+0.0100%4h0.2113+0.105%$3.4M$10.2Mas long as short
edgeX ENAUSDC+0.0100%4h0.2118+0.345%$244K$7.4M20xas long as short
GRVT ENA_USDT_Perp+0.0100%4h0.2113+0.131%$357K$4.9M10xas long as short
ApeX Omni ENAUSDT+0.0100%1h0.2113+0.128%$22K$652K50xas long as short
Polymarket Perps ENA-USD+0.0100%1h0.2111+0.028%$183K$2.3M10xas long as short
SunX ENA-USDT+0.0100%4h0.2061−2.331%$923$841K20xas long as short
SoDEX ENA-USD+0.0100%1h0.2111+0.033%$3K$7K10xas long as short
HTX ENA-USDT+0.0100%4h0.2117+0.317%$277K$781K50xas long as short
Phemex ENAUSDT+0.0100%4h0.2112+0.081%$1.9M$8.9M50xas long as short
Paradex ENA-USD-PERP+0.0100%8h0.2111+0.016%$47K$11010xas long as short
Extended ENA-USD+0.0104%1h0.2110−0.014%$1.6M$4.1M50xas long as short
Aevo ENA-PERP+0.0104%1h0.2111+0.033%$74K$4K3xas long as short
Phoenix ENA+0.0150%1h0.2116+0.251%$8K$298K10xas long as short
GMX ENA/USD [ETH-USDC]L +0.0251% / S −0.0206%1h0.2110−0.022%$50K100xas long as short
Kraken Futures PF_ENAUSD+0.0285%1h0.2113+0.128%$2.7M$4.3M50xas long as short
BloFin ENA-USDT+0.0340%4h0.2115+0.209%$5.6M$3.1M75xas long as short
Lighter ENA+0.0384%1h0.2114+0.166%$5.5M$13.6M10xas long as short
Reya ENARUSDPERP+0.0412%1h0.2110−0.016%$1K$5K15xas long as short
Coinbase International ENA-PERP-INTX+0.0664%1h0.2118+0.346%$833K$1.5M50xas long as short