Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against MEXC−0.076%7-day average +0.004% · 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−$29as in the Price arb table

costs, in and out, $10k−$210.213% of the position

Long on MEXC Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 7 days+0.106%+$11 · spread now −0.076%, 7d avg +0.004%

Together, before fees+0.106%+$11 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: Binance is 0.080% cheaper against MEXC than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ENA_USDT	0.2104	0.0100	pay 0.0050% / 4h	1h 07m	$45.7M	$42.3M	200x
Short	Binance ENAUSDT	0.2102	0.0100	get 0.0050% / 4h	1h 07m	$128.6M	$415.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.076%Rate

Funding earned: $0
Price spread: −0.076% → +0.004%: −$8.02
Slippage, 4 orders: −$11.31
Fee MEXC: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$29.33
Costs to cover: 0.213%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; Binance: live order book, 6 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, 1 min ago	0.24 bp	1.9 bp −$2	6.8 bp −$68	44.3 bp −$4,427	77.2 bp −$38.6K
Sell Binance live order book, 6 min ago	0.24 bp	8.3 bp −$8	17.9 bp −$179	64.1 bp −$6,413	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	−0.0039%	4h	0.2104	−0.005%	$44K	$25K	10x	as long as short
01 Exchange ENAUSD	−0.0008%	1h	0.2103	−0.052%	$4K	$302	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2105	+0.076%	$78K	$1.3M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2106	+0.105%	$82K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.932%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2104	+0.010%	$55K	$498K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2104	−0.002%	$660K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2105	+0.052%	$113.3M	$71.6M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2106	+0.098%	$1.5M	$2.9M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2105	+0.037%	$411K	$501K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ENAUSDTshort	+0.0100%	4h	0.2102	−0.076%	$128.6M	$415.4M	75x
Bybit ENAUSDT	+0.0100%	4h	0.2102	−0.095%	$86.0M	$174.5M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2103	−0.048%	$20.7M	$101.7M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2112	+0.366%	$19K	$333K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2104	+0.010%	$78K	$275K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2120	+0.770%	$93K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2104	−0.005%	$11.0M	$21.6M	50x	as long as short
MEXC ENA_USDTlong	+0.0100%	4h	0.2104	long leg	$45.7M	$42.3M	200x
KuCoin ENAUSDTM	+0.0100%	4h	0.2105	+0.071%	$24.5M	$15.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2100	−0.157%	$47.8M	$57.2M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2103	−0.038%	—	$6.5M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2104	+0.033%	$373K	$360K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2112	+0.411%	$3.4M	$9.9M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2112	+0.385%	$244K	$7.0M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2114	+0.476%	$356K	$4.9M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2119	+0.723%	$22K	$651K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2105	+0.067%	$187K	$2.3M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2053	−2.410%	$936	$838K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2104	+0.010%	$3K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2108	+0.195%	$272K	$786K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2104	+0.010%	$1.8M	$8.8M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2104	+0.026%	$47K	$110	10x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2104	−0.012%	$1.6M	$4.1M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2104	+0.002%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0150%	1h	0.2119	+0.713%	$8K	$298K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0253% / S −0.0213%	1h	0.2106	+0.094%	$51K	—	100x	as long as short
Kraken Futures PF_ENAUSD	+0.0286%	1h	0.2105	+0.081%	$2.6M	$4.2M	50x	as long as short
Lighter ENA	+0.0296%	1h	0.2106	+0.086%	$5.3M	$13.9M	10x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2107	+0.171%	$5.6M	$3.1M	75x	as long as short
dYdX ENA-USD	+0.0379%	1h	0.2105	+0.057%	$139K	$15K	5x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2105	+0.046%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0664%	1h	0.2115	+0.551%	$832K	$1.5M	50x	as long as short