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

ENA

all ENA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.026%
Price spread now: Injective against MEXC+0.731%70s7-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+0.196%+$20 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 0.731% dearer against MEXC than usual: you sell high and buy low (spread +0.731% now, against zero (this spread has no 7-day history yet)): +$73 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 37 days. Mind the row above: over the last 7 days funding on this pair paid +0.196%, so the current rate has only just turned against you. The two prices were read 70 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC ENA_USDT0.21080.0100pay 0.0050% / 4h1h 06m$46.7M$47.1M200x
ShortInjective ENA/USDC PERP0.21230.0033get 0.0004% / 1h6m 08s$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: +0.731% → 0.000%
$73.06
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
$59.04
Costs to cover
0.000%
Break-even
from the start
Slippage unknown: MEXC: live order book, 8 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, 8 min ago0.24 bp1.3 bp −$15.7 bp −$5740.5 bp −$4,05273.1 bp −$36.5K
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−0.0037%4h0.2107−0.028%$41K$24K10xas long as short
Backpack ENA_USDC_PERP−0.0004%1h0.2109+0.038%$372K$447K5xas long as short
Deribit ENA_USDC-PERPETUAL0.0000%1h0.21080.000%$92K$1.8M50xas long as short
gTrade (Gains Network) ENA/USDL +0.0003% / S −0.0003%1h0.2109+0.028%$101K150xas long as short
Injective ENA/USDC PERPshort+0.0033%1h0.2123+0.731%$522$57K5.5x
Kraken Futures PF_ENAUSD+0.0066%1h0.2109+0.032%$2.7M$5.5M50xas long as short
Popdex ENAUSDT+0.0096%1h0.2111+0.142%$62K$530K50xas long as short
Paradex ENA-USD-PERP+0.0100%8h0.2109+0.066%$47K$22110xas long as short
Nado ENA-PERP+0.0100%1h0.2111+0.159%$664K$1.8M10xas long as short
Aster ENAUSDT+0.0100%4h0.2111+0.139%$1.5M$3.3M50xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica ENA+0.0100%1h0.2110+0.100%$408K$575K10xas long as short
Binance ENAUSDT+0.0100%4h0.2108+0.017%$130.4M$454.8M75xas long as short
Bybit ENAUSDT+0.0100%4h0.2107−0.038%$88.0M$190.6M50xas long as short
OKX ENA-USDT-SWAP+0.0100%4h0.2108−0.014%$20.4M$111.5M50xas long as short
Ondo Perps ENA-USD.P+0.0100%1h0.2099−0.446%$15K$397K5xas long as short
Arcus ENA-USD+0.0100%1h0.2110+0.095%$83K$220K10xas long as short
Bulk ENA-USD+0.0100%1h0.2099−0.414%$89K$50010xas long as short
Gate ENA_USDT+0.0100%4h0.2108−0.014%$10.7M$21.5M50xas long as short
MEXC ENA_USDTlong+0.0100%4h0.2108long leg$46.7M$47.1M200x
KuCoin ENAUSDTM+0.0100%4h0.2108+0.005%$24.0M$16.4M75xas long as short
Bitget ENAUSDT+0.0100%4h0.2107−0.071%$47.7M$64.6M75xas long as short
BingX ENA-USDT+0.0100%4h0.21080.000%$32.8Mas long as short
Variational Omni ENA+0.0100%4h0.2097−0.514%$3.8M$10.3Mas long as short
edgeX ENAUSDC+0.0100%4h0.2098−0.480%$249K$7.7M20xas long as short
GRVT ENA_USDT_Perp+0.0100%4h0.2105−0.124%$358K$4.6M10xas long as short
ApeX Omni ENAUSDT+0.0100%1h0.2107−0.047%$32K$712K50xas long as short
Polymarket Perps ENA-USD+0.0100%1h0.2112+0.213%$178K$2.6M10xas long as short
SunX ENA-USDT+0.0100%4h0.2057−2.434%$1K$817K20xas long as short
SoDEX ENA-USD+0.0100%1h0.2107−0.047%$4K$14K10xas long as short
HTX ENA-USDT+0.0100%4h0.2111+0.152%$274K$1.5M50xas long as short
Phemex ENAUSDT+0.0100%4h0.2106−0.095%$2.0M$9.1M50xas long as short
Aevo ENA-PERP+0.0104%1h0.2108−0.014%$77K$11K3xas long as short
Phoenix ENA+0.0115%1h0.2098−0.455%$5K$356K10xas long as short
01 Exchange ENAUSD+0.0144%1h0.2112+0.166%$4K$31210xas long as short
GMX ENA/USD [ETH-USDC]L +0.0248% / S −0.0429%1h0.2108+0.013%$38K100xas long as short
BloFin ENA-USDT+0.0340%4h0.2110+0.109%$5.5M$8.1M75xas long as short
Extended ENA-USD+0.0352%1h0.2107−0.059%$1.6M$4.1M50xas long as short
Reya ENARUSDPERP+0.0412%1h0.2111+0.143%$1K$5K15xas long as short
Lighter ENA+0.0560%1h0.2111+0.133%$5.6M$12.9M10xas long as short
Coinbase International ENA-PERP-INTX+0.0576%1h0.2112+0.204%$834K$2.1M50xas long as short
Hyperliquid ENA+0.0584%1h0.2111+0.142%$111.5M$78.5M10xas long as short
dYdX ENA-USD+0.1982%1h0.2109+0.024%$139K$15K5xas long as short