Funding arb · Price arb /

ENA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: MEXC against Pacifica−0.170%7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$210.208% of the position

Long on Pacifica Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 4 days (all we have)+0.101%+$10 · spread now −0.170%, 7d avg −0.012%

Together, before fees+0.097%+ Points / potential airdropPacifica: Active · farm board+$10 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: MEXC is 0.159% cheaper against Pacifica than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of −0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica ENA	0.2112	0.0100	pay 0.0013% / 1h	28m 12s	$396K	$525K	10x
Short	MEXC ENA_USDT	0.2108	0.0100	get 0.0050% / 4h	2h 28m	$46.6M	$41.1M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Pacifica. 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 PacificabpFee MEXCbpOrdersPrice spread, now −0.170%Rate

Funding earned: $0
Price spread: −0.170% → −0.012%: −$15.89
Slippage, 4 orders: −$12.85
Fee Pacifica: 4 bp × 2 orders: −$8
Fee MEXC: 0 bp × 2 orders: $0
Net: −$36.74
Costs to cover: 0.208%
Break-even: never at this rate

Slippage from Pacifica: live order book, 20 min ago; MEXC: live order book, 1 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 Pacifica live order book, 20 min ago	1.66 bp	8.7 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	0.24 bp	1.4 bp −$1	5.7 bp −$57	33.5 bp −$3,354	65.4 bp −$32.7K

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
Orderly PERP_ENA_USDC	−0.0142%	4h	0.2109	−0.133%	$44K	$25K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2110	−0.104%	$73K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2109	−0.117%	$82K	—	150x	as long as short
Gate ENA_USDT	+0.0018%	4h	0.2107	−0.208%	$11.1M	$23.7M	50x	as long as short
01 Exchange ENAUSD	+0.0024%	1h	0.2112	0.000%	$4K	$277	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.545%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2111	−0.043%	$57K	$467K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2112	−0.018%	$47K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2109	−0.129%	$653K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2109	−0.118%	$114.5M	$74.3M	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	0.2109	−0.127%	$1.4M	$3.2M	50x	as long as short
Pacifica ENAlong	+0.0100%	1h	0.2112	long leg	$396K	$525K	10x
Binance ENAUSDT	+0.0100%	4h	0.2109	−0.156%	$127.8M	$418.0M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2108	−0.170%	$85.2M	$175.1M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2109	−0.142%	$21.1M	$103.9M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2117	+0.232%	$20K	$323K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2112	+0.005%	$79K	$276K	10x	as long as short
MEXC ENA_USDTshort	+0.0100%	4h	0.2108	−0.170%	$46.6M	$41.1M	200x
KuCoin ENAUSDTM	+0.0100%	4h	0.2108	−0.170%	$24.6M	$15.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2106	−0.260%	$47.8M	$57.8M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2108	−0.194%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2111	−0.042%	$3.0M	$10.0M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2113	+0.059%	$242K	$6.9M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2112	+0.002%	$350K	$5.0M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2114	+0.099%	$20K	$650K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2111	−0.062%	$188K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2059	−2.491%	$1K	$871K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2108	−0.185%	$3K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2117	+0.223%	$267K	$795K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2108	−0.185%	$1.8M	$8.9M	50x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2118	+0.289%	$93K	−$0	10x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2108	−0.208%	$1.6M	$4.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2110	−0.105%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0153%	1h	0.2115	+0.156%	$8K	$278K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0163%	1h	0.2109	−0.160%	$2.6M	$4.3M	50x	as long as short
Lighter ENA	+0.0200%	1h	0.2111	−0.047%	$5.2M	$13.0M	10x	as long as short
dYdX ENA-USD	+0.0282%	1h	0.2113	+0.035%	$140K	$16K	5x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0307% / S −0.0753%	1h	0.2108	−0.166%	$58K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2115	+0.128%	$5.5M	$3.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2110	−0.096%	$1K	$5K	15x	as long as short
Backpack ENA_USDC_PERP	+0.0585%	1h	0.2108	−0.185%	$357K	$400K	5x	as long as short
Coinbase International ENA-PERP-INTX	+0.0704%	1h	0.2123	+0.530%	$869K	$1.7M	50x	as long as short