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: MEXC against Variational Omni+0.084%7-day average +0.015% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)0.000%$0 on $10k

Price spread, last 7 days−0.072%−$7 · spread now +0.084%, 7d avg +0.015%

Together, before fees−0.072%+ Points / potential airdropVariational Omni: Active · farm board−$7 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 0.070% dearer against Variational Omni than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ENA	0.2105	0.0100	pay 0.0050% / 4h	15m 50s	$3.0M	$9.9M	—
Short	MEXC ENA_USDT	0.2107	0.0100	get 0.0050% / 4h	15m 50s	$39.3M	$43.1M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Variational Omni. 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 Variational OmnibpFee MEXCbpOrdersPrice spread, now +0.084%Rate

Funding earned: $0
Price spread: +0.084% → +0.015%: $6.98
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee MEXC: 0 bp × 2 orders: $0
Net: $6.98
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; MEXC: live order book, 3 min ago. Net counts fees only.

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 Variational Omni RFQ quote, 3 min ago	4.76 bp	doesn't fit	14.3 bp −$143	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	0.24 bp	2.8 bp −$3	6.4 bp −$64	41.8 bp −$4,183	69.5 bp −$34.8K

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	−0.0087%	4h	0.2106	+0.032%	$44K	$17K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2107	+0.094%	$54K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2108	+0.117%	$81K	—	150x	as long as short
01 Exchange ENAUSD	+0.0032%	1h	0.2109	+0.151%	$4K	$277	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.854%	$522	$57K	5.5x	as long as short
Lighter ENA	+0.0096%	1h	0.2109	+0.179%	$5.0M	$13.9M	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2108	+0.122%	$53K	$484K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2108	+0.128%	$47K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2108	+0.101%	$563K	$1.8M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2110	+0.241%	$114.4M	$74.7M	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	0.2107	+0.080%	$1.4M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2108	+0.138%	$407K	$563K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2107	+0.082%	$128.3M	$425.2M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2107	+0.075%	$90.4M	$187.4M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2109	+0.170%	$21.0M	$107.1M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2107	+0.084%	$33K	$323K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2109	+0.170%	$78K	$281K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2105	−0.020%	$92K	$511	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2107	+0.089%	$12.9M	$27.3M	50x	as long as short
MEXC ENA_USDTshort	+0.0100%	4h	0.2107	+0.084%	$39.3M	$43.1M	200x
KuCoin ENAUSDTM	+0.0100%	4h	0.2108	+0.122%	$24.8M	$15.8M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2107	+0.061%	$47.8M	$59.8M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2108	+0.103%	—	$6.5M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2108	+0.122%	$408K	$486K	5x	as long as short
Variational Omni ENAlong	+0.0100%	4h	0.2105	long leg	$3.0M	$9.9M	—
edgeX ENAUSDC	+0.0100%	4h	0.2104	−0.047%	$254K	$7.1M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2105	−0.016%	$355K	$4.7M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2106	+0.027%	$19K	$647K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2108	+0.137%	$181K	$2.6M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2057	−2.295%	$1K	$908K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2107	+0.075%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2111	+0.265%	$266K	$808K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2106	+0.027%	$1.8M	$8.9M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2106	+0.006%	$1.6M	$4.4M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2107	+0.060%	$74K	$4K	3x	as long as short
Kraken Futures PF_ENAUSD	+0.0149%	1h	0.2108	+0.110%	$2.6M	$4.4M	50x	as long as short
Phoenix ENA	+0.0190%	1h	0.2104	−0.058%	$13K	$273K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0306% / S −0.0754%	1h	0.2107	+0.075%	$58K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2108	+0.127%	$5.5M	$3.4M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2105	−0.036%	$1K	—	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0656%	1h	0.2098	−0.357%	$867K	$1.8M	50x	as long as short
dYdX ENA-USD	+0.0937%	1h	0.2108	+0.105%	$139K	$16K	5x	as long as short