Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Variational Omni−0.149%7-day average +0.008% · you buy dearer than you sell

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

Long on Variational Omni Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 7 days+0.149%+$15 · spread now −0.149%, 7d avg +0.008%

Together, before fees+0.149%+ Points / potential airdropVariational Omni: Active · farm board+$15 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 0.156% cheaper against Variational Omni than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ENA	0.2112	0.0100	pay 0.0050% / 4h	1h 09m	$3.4M	$9.9M	—
Short	MEXC ENA_USDT	0.2109	0.0100	get 0.0050% / 4h	1h 09m	$45.8M	$42.2M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Variational Omni. 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 Variational OmnibpFee MEXCbpOrdersPrice spread, now −0.149%Rate

Funding earned: $0
Price spread: −0.149% → +0.008%: −$15.64
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee MEXC: 0 bp × 2 orders: $0
Net: −$15.64
Costs to cover: 0.000%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; MEXC: live order book, 4 min ago. 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 Variational Omni RFQ quote, 4 min ago	4.72 bp	doesn't fit	18.9 bp −$189	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	0.24 bp	3.8 bp −$4	8.3 bp −$83	33.6 bp −$3,362	51.6 bp −$25.8K

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	−0.0035%	4h	0.2111	−0.068%	$44K	$26K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	−0.0034%	1h	0.2111	−0.054%	$79K	$1.3M	50x	as long as short
01 Exchange ENAUSD	0.0000%	1h	0.2115	+0.145%	$4K	$302	10x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2112	−0.028%	$82K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.519%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2115	+0.121%	$55K	$498K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2114	+0.081%	$663K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2110	−0.134%	$113.6M	$71.6M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2112	−0.013%	$1.5M	$2.9M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2115	+0.131%	$413K	$506K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ENAUSDT	+0.0100%	4h	0.2109	−0.143%	$129.2M	$417.1M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2109	−0.163%	$86.3M	$175.0M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2110	−0.106%	$20.8M	$102.4M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2112	−0.044%	$19K	$333K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2115	+0.121%	$78K	$275K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2120	+0.358%	$93K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2109	−0.153%	$11.1M	$21.6M	50x	as long as short
MEXC ENA_USDTshort	+0.0100%	4h	0.2109	−0.149%	$45.8M	$42.2M	200x
KuCoin ENAUSDTM	+0.0100%	4h	0.2112	−0.044%	$24.6M	$15.7M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2107	−0.238%	$48.0M	$57.5M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2109	−0.167%	—	$6.5M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2112	−0.030%	$374K	$362K	5x	as long as short
Variational Omni ENAlong	+0.0100%	4h	0.2112	long leg	$3.4M	$9.9M	—
edgeX ENAUSDC	+0.0100%	4h	0.2119	+0.293%	$244K	$7.0M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2119	+0.311%	$357K	$4.9M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2119	+0.311%	$22K	$651K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2115	+0.131%	$188K	$2.3M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2064	−2.317%	$1K	$840K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2112	−0.021%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2117	+0.211%	$277K	$781K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2110	−0.115%	$1.8M	$8.8M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2115	+0.108%	$47K	$110	10x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2109	−0.175%	$1.6M	$4.1M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2111	−0.077%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0150%	1h	0.2119	+0.301%	$8K	$298K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0253% / S −0.0213%	1h	0.2112	−0.034%	$51K	—	100x	as long as short
Kraken Futures PF_ENAUSD	+0.0285%	1h	0.2113	+0.004%	$2.7M	$4.3M	50x	as long as short
Lighter ENA	+0.0312%	1h	0.2113	+0.046%	$5.3M	$13.9M	10x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2115	+0.117%	$5.6M	$3.1M	75x	as long as short
dYdX ENA-USD	+0.0347%	1h	0.2115	+0.125%	$140K	$15K	5x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2112	−0.026%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0664%	1h	0.2115	+0.140%	$832K	$1.5M	50x	as long as short