Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0204%/8h= −22.3% APRpaid last 24h −0.035%

Price spread now: 01 Exchange against MEXC+0.053%7-day average — · you sell dearer than you buy

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

Long on MEXC Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. 01 Exchange is 0.053% dearer against MEXC than usual: you sell high and buy low (spread +0.053% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 21 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ENA_USDT	0.2092	0.0100	pay 0.0050% / 4h	39m 10s	$45.5M	$41.2M	200x
Short	01 Exchange ENAUSD	0.2093	−0.0104	pay 0.0013% / 1h	39m 10s	$4K	$302	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.053%Rate

Funding earned: −$42.84
Price spread: +0.053% → 0.000%: $5.26
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$44.58
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 5 min ago; 01 Exchange: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy MEXC live order book, 5 min ago	0.24 bp	1.6 bp −$2	6.7 bp −$67	38.9 bp −$3,885	69.5 bp −$34.8K
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack ENA_USDC_PERP	−0.0292%	1h	0.2098	+0.287%	$364K	$390K	5x	as long as short
01 Exchange ENAUSDshort	−0.0104%	1h	0.2093	+0.053%	$4K	$302	10x
Orderly PERP_ENA_USDC	−0.0065%	4h	0.2092	−0.005%	$43K	$25K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2092	−0.005%	$78K	$1.2M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2092	+0.037%	$81K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+1.516%	$522	$57K	5.5x	as long as short
Phoenix ENA	+0.0076%	1h	0.2104	+0.588%	$8K	$266K	10x	as long as short
Lighter ENA	+0.0096%	1h	0.2093	+0.072%	$5.2M	$13.4M	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2091	−0.033%	$55K	$503K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2092	+0.028%	$47K	$110	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado ENA-PERP	+0.0100%	1h	0.2092	0.000%	$659K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2093	+0.043%	$111.3M	$73.1M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2092	+0.027%	$1.5M	$2.9M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2095	+0.174%	$408K	$499K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2091	−0.017%	$127.5M	$415.9M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2091	−0.043%	$84.8M	$175.7M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2092	0.000%	$20.8M	$101.9M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2102	+0.497%	$20K	$313K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2088	−0.177%	$77K	$275K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2098	+0.291%	$92K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2092	+0.014%	$11.0M	$21.7M	50x	as long as short
MEXC ENA_USDTlong	+0.0100%	4h	0.2092	long leg	$45.5M	$41.2M	200x
KuCoin ENAUSDTM	+0.0100%	4h	0.2092	+0.010%	$24.5M	$15.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2092	+0.005%	$47.7M	$57.5M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2093	+0.043%	—	$32.3M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2097	+0.242%	$3.1M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2097	+0.253%	$242K	$6.9M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2098	+0.301%	$353K	$5.0M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2098	+0.301%	$20K	$646K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2092	+0.014%	$177K	$2.3M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2042	−2.362%	$1K	$845K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2091	−0.033%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2099	+0.344%	$271K	$794K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2092	+0.014%	$1.7M	$8.8M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2090	−0.059%	$1.6M	$4.1M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2092	−0.010%	$73K	$4K	3x	as long as short
dYdX ENA-USD	+0.0113%	1h	0.2094	+0.127%	$138K	$15K	5x	as long as short
Kraken Futures PF_ENAUSD	+0.0245%	1h	0.2093	+0.042%	$2.6M	$4.2M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0253% / S −0.0213%	1h	0.2093	+0.066%	$51K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2093	+0.072%	$5.5M	$3.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2091	−0.048%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0632%	1h	0.2106	+0.688%	$858K	$1.5M	50x	as long as short