Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: MEXC against Pacifica+0.121%7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$270.274% of the position

Long on Pacifica Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 4 days (all we have)−0.383%−$38 · spread now +0.121%, 7d avg −0.011%

Together, before fees−0.381%+ Points / potential airdropPacifica: Active · farm board−$38 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: MEXC is 0.132% dearer against Pacifica than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica ENA	0.2114	0.0100	pay 0.0013% / 1h	18m 06s	$390K	$540K	10x
Short	MEXC ENA_USDT	0.2117	0.0100	get 0.0050% / 4h	2h 18m	$42.3M	$43.2M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Pacifica. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 PacificabpFee MEXCbpOrdersPrice spread, now +0.121%Rate

Funding earned: $0
Price spread: +0.121% → −0.011%: $13.18
Slippage, 4 orders: −$19.41
Fee Pacifica: 4 bp × 2 orders: −$8
Fee MEXC: 0 bp × 2 orders: $0
Net: −$14.23
Costs to cover: 0.274%
Break-even: never at this rate

Slippage from Pacifica: live order book, 33 min ago; MEXC: live order book, 4 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 Pacifica live order book, 33 min ago	2.62 bp	10.5 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	0.24 bp	3.6 bp −$4	7.9 bp −$79	37.3 bp −$3,730	53.4 bp −$26.7K

ENA on 42 exchanges

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
Kraken Futures PF_ENAUSD	−0.0242%	1h	0.2120	+0.273%	$2.6M	$4.2M	50x	as long as short
Orderly PERP_ENA_USDC	−0.0171%	4h	0.2118	+0.182%	$44K	$14K	10x	as long as short
01 Exchange ENAUSD	−0.0152%	1h	0.2118	+0.168%	$4K	$169	10x	as long as short
Bitget ENAUSDT	−0.0028%	4h	0.2116	+0.111%	$47.7M	$58.5M	75x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2114	−0.002%	$81K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0026%	1h	0.2122	+0.371%	$734	$57K	5.5x	as long as short
Deribit ENA_USDC-PERPETUAL	+0.0033%	1h	0.2119	+0.244%	$105K	$1.1M	50x	as long as short
Bybit ENAUSDT	+0.0093%	4h	0.2115	+0.069%	$86.4M	$187.9M	50x	as long as short
Lighter ENA	+0.0096%	1h	0.2119	+0.229%	$5.0M	$13.0M	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2119	+0.234%	$57K	$391K	50x	as long as short

Show all 42 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex ENA-USD-PERP	+0.0100%	8h	0.2115	+0.045%	$47K	—	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2117	+0.154%	$592K	$1.8M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2117	+0.135%	$113.8M	$78.1M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2116	+0.108%	$1.3M	$3.2M	50x	as long as short
Pacifica ENAlong	+0.0100%	1h	0.2114	long leg	$390K	$540K	10x
Binance ENAUSDT	+0.0100%	4h	0.2116	+0.081%	$127.6M	$415.7M	75x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2117	+0.125%	$21.0M	$103.8M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2114	−0.021%	$33K	$326K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2117	+0.140%	$79K	$239K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2109	−0.239%	$103K	$12K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2116	+0.111%	$13.7M	$27.6M	50x	as long as short
MEXC ENA_USDTshort	+0.0100%	4h	0.2117	+0.121%	$42.3M	$43.2M	200x
KuCoin ENAUSDTM	+0.0100%	4h	0.2119	+0.253%	$25.1M	$15.8M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2116	+0.097%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2108	−0.271%	$3.0M	$8.3M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2112	−0.114%	$245K	$7.0M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2109	−0.239%	$362K	$4.5M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2111	−0.144%	$19K	$644K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2119	+0.244%	$167K	$2.7M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2063	−2.429%	$1K	$924K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2119	+0.234%	$6K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2122	+0.400%	$265K	$827K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2116	+0.092%	$1.9M	$9.0M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2119	+0.218%	$1.6M	$4.8M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2119	+0.214%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0112%	1h	0.2113	−0.069%	$13K	$306K	10x	as long as short
dYdX ENA-USD	+0.0142%	1h	0.2119	+0.231%	$140K	$15K	5x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0306% / S −0.0756%	1h	0.2114	+0.021%	$58K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2113	−0.031%	$5.5M	$3.3M	75x	as long as short
Reya ENARUSDPERP	+0.0411%	1h	0.2117	+0.128%	$1K	—	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0496%	1h	0.2116	+0.111%	$770K	$2.0M	50x	as long as short
Backpack ENA_USDC_PERP	+0.0526%	1h	0.2118	+0.173%	$411K	$482K	5x	as long as short