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updated —ENA Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1.2d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+77.07%
3d Period Avg+11.13%
swing±53.93%
LONG Meridian · now
−6.61%
3d avg:+5.07%
SHORT NADO · nowENA-PERP
+70.46%
3d avg:+16.20%
Entry Spread Now
+0.769%
In your favorL ask 0.1885 · S bid 0.1900+$76.92 at entry
24h range −1.23%…+3.48% · median +0.07%
Long pays every1hShort pays every1h
LONGmaker0%/taker0.030%SHORTmaker0.010%/taker0.035%
Loading Funding History…
↗Total PnL
−$15.09
−0.15%
$Avg Daily PnL
+$3.07
+0.0307%
★Best Day
+$10.57
Oct 30
◎Open Interest
Meridian$17.8K
NADO$1.10M⚡Funding APR
+11.21%
annualized · funding only
⚠Execution Cost
−$24.31
entry + exit fees
⏱Payback
7.9d
to break even
◧24h Volume
Meridian$17.3KNADO$3.60MLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + live L2 orderbook slippage on both legs (−$24.31 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.