Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0276%/8h= +30.2% APRpaid last 24h +0.026%

Price spread now: MEXC against 01 Exchange−0.110%7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on MEXC

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

Funding pays, the price is against you. MEXC is 0.110% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.110% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 32 hours of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange ENAUSD	0.2089	−0.0176	get 0.0022% / 1h	7m 03s	$4K	$60	10x
Short	MEXC ENA_USDT	0.2087	0.0100	get 0.0050% / 4h	1h 07m	$43.1M	$42.2M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against 01 Exchange. 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 01 ExchangebpFee MEXCbpOrdersPrice spread, now −0.110%Rate

Funding earned: $57.96
Price spread: −0.110% → 0.000%: −$11.01
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee MEXC: 0 bp × 2 orders: $0
Net: $39.95
Costs to cover: 0.070%
Break-even: 2.2 days

Slippage unknown: 01 Exchange: no order-book sample; MEXC: live order book, 5 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 01 Exchange no order-book sample	—	—	—	—	—
Sell MEXC live order book, 5 min ago	0.24 bp	3.2 bp −$3	9.0 bp −$90	37.9 bp −$3,794	67.7 bp −$33.9K

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 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
Orderly PERP_ENA_USDC	−0.0181%	4h	0.2086	−0.139%	$43K	$16K	10x	as long as short
01 Exchange ENAUSDlong	−0.0176%	1h	0.2089	long leg	$4K	$60	10x
Kraken Futures PF_ENAUSD	−0.0134%	1h	0.2087	−0.090%	$2.6M	$3.0M	50x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2087	−0.081%	$53K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2087	−0.096%	$81K	—	150x	as long as short
Bitget ENAUSDT	+0.0012%	4h	0.2086	−0.148%	$47.5M	$55.7M	75x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2122	+1.575%	$734	$57K	5.5x	as long as short
Lighter ENA	+0.0096%	1h	0.2090	+0.034%	$5.1M	$13.0M	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2088	−0.048%	$55K	$386K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2085	−0.173%	$47K	—	10x	as long as short

Show all 42 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado ENA-PERP	+0.0100%	1h	0.2089	−0.005%	$539K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2088	−0.034%	$112.0M	$74.1M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2088	−0.057%	$1.3M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2087	−0.117%	$379K	$497K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2088	−0.057%	$124.5M	$402.8M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2087	−0.081%	$83.8M	$183.1M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2087	−0.077%	$20.5M	$97.7M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2081	−0.369%	$32K	$314K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2089	0.000%	$77K	$219K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2070	−0.910%	$101K	$11K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2087	−0.096%	$14.0M	$27.6M	50x	as long as short
MEXC ENA_USDTshort	+0.0100%	4h	0.2087	−0.110%	$43.1M	$42.2M	200x
KuCoin ENAUSDTM	+0.0100%	4h	0.2089	−0.019%	$24.8M	$14.6M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2087	−0.081%	—	$29.4M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2087	−0.086%	$403K	$468K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2078	−0.521%	$2.8M	$7.7M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2082	−0.315%	$239K	$6.6M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2084	−0.240%	$353K	$4.2M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2084	−0.239%	$18K	$652K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2087	−0.072%	$116K	$2.6M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2039	−2.408%	$1K	$929K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2087	−0.096%	$6K	$5K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2092	+0.153%	$269K	$769K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2087	−0.096%	$1.8M	$9.1M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2086	−0.130%	$1.6M	$4.5M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2087	−0.074%	$73K	$4K	3x	as long as short
Phoenix ENA	+0.0113%	1h	0.2084	−0.249%	$13K	$278K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0304% / S −0.0754%	1h	0.2087	−0.085%	$57K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2087	−0.096%	$5.4M	$3.4M	75x	as long as short
Reya ENARUSDPERP	+0.0411%	1h	0.2087	−0.096%	$1K	—	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0480%	1h	0.2092	+0.124%	$767K	$1.8M	50x	as long as short
dYdX ENA-USD	+0.0897%	1h	0.2087	−0.086%	$138K	$15K	5x	as long as short