ETN funding rates and arbitrage

ETN perpetuals trade on 2 contracts across 2 venues, forming 1 cross-venue arbitrage pairs. By net APR the current best pair is long MEXC against short Bitget, netting +0.99%, with both legs settling on the same cadenceใ€‚

ETN perpetual funding rates by venue

APR = current rate ร— (24 รท settlement interval) ร— 365. Venues settle on different cadences, so rates must be annualised before comparing.

VenueContractMarginSettlementCurrent rateAPR24h avg APR24h volumeMark
BitgetETNUSDTUSDT8h-0.1477%-161.73%-41.19%$132K395.720
MEXCETNSTOCK_USDTUSDT8h-0.1486%-162.72%-41.07%$125K395.570

ETN cross-venue arbitrage pairs

Short the higher-APR leg and go long the lower one; net APR = short leg โˆ’ long leg.

LongShortNet APRDaily24h avgSettlementLiquidity
MEXC USDTBitget USDT+0.99%0.0027%-0.12%8h matched$125K

Electroneum project profile

Key facts
Total
17.98B
Max supply
21.00B
Type
Coin
Algorithm
Cryptonight
Launched
2017-10-30
Market cap rank
#563
Smart Contract PlatformLayer 1 (L1)
About

Electroneum is a Layer 1 EVM-compatible blockchain, catering to 4+ million users worldwide. The network boasts transaction speeds of just 5 seconds with instant finality and potentially the lowest smart contract fees available. Powered by the IBFT consensus mechanism and supported by known validators (targeting universities and Web3 infrastructure companies), the network is incredibly fast, secure and energy efficient. ETN provides the backbone for AnyTask.com a successful freelance platform in the crypto space.

Reference data from CoinGecko, independent of the rate data on this site. We do not verify or endorse what these links contain.

Funding rates for other coins

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