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: KuCoin against MEXC+0.019%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$370.371% of the position

Long on MEXC Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.032%−$3 on $10k

Price spread, last 7 days−0.028%−$3 · spread now +0.019%, 7d avg +0.005%

Together, before fees−0.061%−$6 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ENA_USDT	0.2147	0.0100	pay 0.0050% / 4h	1h 52m	$48.1M	$41.9M	200x
Short	KuCoin ENAUSDTM	0.2147	0.0100	get 0.0050% / 4h	1h 52m	$24.8M	$15.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.019%Rate

Funding earned: $0
Price spread: +0.019% → +0.005%: $1.39
Slippage, 4 orders: −$25.12
Fee MEXC: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$35.73
Costs to cover: 0.371%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; KuCoin: live order book, 7 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, 2 min ago	0.23 bp	3.4 bp −$3	8.2 bp −$82	46.4 bp −$4,644	76.2 bp −$38.1K
Sell KuCoin live order book, 7 min ago	2.97 bp	16.5 bp −$16	33.4 bp −$334	doesn't fit	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	−0.0139%	4h	0.2146	−0.056%	$45K	$26K	10x	as long as short
dYdX ENA-USD	0.0000%	1h	0.2151	+0.197%	$142K	$16K	5x	as long as short
01 Exchange ENAUSD	0.0000%	1h	0.2147	+0.019%	$4K	$277	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2146	−0.033%	$67K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2147	−0.010%	$83K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−1.090%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2147	+0.009%	$57K	$481K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2149	+0.082%	$569K	$1.8M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2148	+0.061%	$116.0M	$76.3M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2146	−0.034%	$1.4M	$3.3M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ENA	+0.0100%	1h	0.2151	+0.217%	$404K	$532K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2145	−0.086%	$129.8M	$428.1M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2141	−0.261%	$85.5M	$181.3M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2148	+0.047%	$21.5M	$109.2M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2153	+0.307%	$21K	$321K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2149	+0.102%	$79K	$281K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2148	+0.068%	$94K	$511	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2147	−0.009%	$12.3M	$25.8M	50x	as long as short
MEXC ENA_USDTlong	+0.0100%	4h	0.2147	long leg	$48.1M	$41.9M	200x
KuCoin ENAUSDTMshort	+0.0100%	4h	0.2147	+0.019%	$24.8M	$15.9M	75x
Bitget ENAUSDT	+0.0100%	4h	0.2144	−0.126%	$48.7M	$60.0M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2146	−0.019%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2170	+1.089%	$3.1M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2161	+0.667%	$257K	$7.0M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2158	+0.545%	$365K	$5.0M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2179	+1.500%	$20K	$651K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2147	+0.014%	$188K	$2.6M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2095	−2.390%	$1K	$896K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2146	−0.037%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2153	+0.303%	$270K	$806K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2146	−0.037%	$1.8M	$8.9M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2151	+0.200%	$48K	$110	10x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2145	−0.078%	$1.6M	$4.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2146	−0.041%	$75K	$4K	3x	as long as short
Phoenix ENA	+0.0110%	1h	0.2161	+0.657%	$8K	$276K	10x	as long as short
Lighter ENA	+0.0112%	1h	0.2148	+0.056%	$5.1M	$13.3M	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0309% / S −0.0753%	1h	0.2146	−0.032%	$59K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2152	+0.238%	$5.7M	$3.2M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2146	−0.032%	$1K	$5K	15x	as long as short
Kraken Futures PF_ENAUSD	+0.0439%	1h	0.2148	+0.035%	$2.7M	$4.3M	50x	as long as short
Coinbase International ENA-PERP-INTX	+0.0616%	1h	0.2153	+0.289%	$879K	$1.8M	50x	as long as short
Backpack ENA_USDC_PERP	+0.0635%	1h	0.2154	+0.326%	$393K	$424K	5x	as long as short