Funding arb · Price arb /

ENA

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Pacifica against MEXC−0.021%7-day average +0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$200.198% of the position

Long on MEXC Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.019%+$2 on $10k

Price spread, last 4 days (all we have)+0.091%+$9 · spread now −0.021%, 7d avg +0.012%

Together, before fees+0.110%+ Points / potential airdropPacifica: Active · farm board+$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: Pacifica is 0.032% cheaper against MEXC than usual: you would sell low and buy high, −$3 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	MEXC ENA_USDT	0.2120	0.0100	pay 0.0050% / 4h	25m 26s	$46.5M	$45.5M	200x
Short	Pacifica ENA	0.2119	0.0100	get 0.0013% / 1h	25m 26s	$409K	$562K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.021%Rate

Funding earned: $0
Price spread: −0.021% → +0.012%: −$3.23
Slippage, 4 orders: −$11.83
Fee MEXC: 0 bp × 2 orders: $0
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$23.07
Costs to cover: 0.198%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; Pacifica: live order book, 53 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, 3 min ago	0.23 bp	1.6 bp −$2	5.1 bp −$51	40.7 bp −$4,069	71.9 bp −$35.9K
Sell Pacifica live order book, 53 min ago	1.43 bp	6.4 bp −$6	doesn't fit	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	−0.0010%	4h	0.2121	+0.057%	$41K	$24K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2121	+0.057%	$92K	$1.7M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2121	+0.063%	$97K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.179%	$522	$57K	5.5x	as long as short
Backpack ENA_USDC_PERP	+0.0044%	1h	0.2119	−0.005%	$374K	$447K	5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2119	−0.028%	$61K	$524K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2119	−0.021%	$679K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2120	+0.019%	$1.5M	$3.3M	50x	as long as short
Pacifica ENAshort	+0.0100%	1h	0.2119	−0.021%	$409K	$562K	10x
Binance ENAUSDT	+0.0100%	4h	0.2121	+0.057%	$131.0M	$452.6M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ENAUSDT	+0.0100%	4h	0.2120	+0.042%	$89.0M	$189.8M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2121	+0.066%	$20.5M	$111.1M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2123	+0.142%	$15K	$405K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2120	+0.019%	$84K	$222K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2117	−0.146%	$89K	$500	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2120	+0.028%	$10.8M	$21.4M	50x	as long as short
MEXC ENA_USDTlong	+0.0100%	4h	0.2120	long leg	$46.5M	$45.5M	200x
KuCoin ENAUSDTM	+0.0100%	4h	0.2120	+0.033%	$24.5M	$16.4M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2118	−0.085%	$48.0M	$64.0M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2121	+0.052%	—	$32.6M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2123	+0.175%	$3.9M	$10.3M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2116	−0.169%	$252K	$7.6M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2127	+0.353%	$355K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2118	−0.075%	$32K	$709K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2120	+0.009%	$178K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2071	−2.274%	$1K	$825K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2119	−0.028%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2124	+0.184%	$277K	$1.4M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2119	−0.028%	$2.0M	$9.2M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2118	−0.053%	$47K	$221	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2122	+0.101%	$78K	$11K	3x	as long as short
Phoenix ENA	+0.0189%	1h	0.2129	+0.439%	$7K	$347K	10x	as long as short
01 Exchange ENAUSD	+0.0192%	1h	0.2120	+0.019%	$4K	$302	10x	as long as short
Extended ENA-USD	+0.0208%	1h	0.2118	−0.084%	$1.6M	$4.2M	50x	as long as short
Kraken Futures PF_ENAUSD	+0.0241%	1h	0.2121	+0.070%	$2.7M	$5.4M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0250% / S −0.0434%	1h	0.2121	+0.066%	$38K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2127	+0.363%	$5.6M	$6.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2119	−0.015%	$1K	$5K	15x	as long as short
Lighter ENA	+0.0512%	1h	0.2122	+0.094%	$5.6M	$12.9M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0552%	1h	0.2131	+0.519%	$841K	$2.1M	50x	as long as short
Hyperliquid ENA	+0.0771%	1h	0.2123	+0.142%	$114.3M	$78.9M	10x	as long as short
dYdX ENA-USD	+0.1724%	1h	0.2120	+0.027%	$140K	$15K	5x	as long as short