Funding you earn now, next payment 22:00 UTC−0.0374%/8h= −40.9% APRpaid last 24h −0.090%
Price spread now: Backpack against Aster+0.017%7-day average −0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$390.391% of the position
Funding, last 7 days−0.096%−$10 on $10k
+Price spread, last 4 days (all we have)−0.330%−$33 · spread now +0.017%, 7d avg −0.029%
=Together, before fees−0.426%+ Points / potential airdropAster: Stage 5 · farm board−$43 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Backpack is 0.047% dearer against Aster than usual: you sell high and buy low (spread +0.017% now, against its 7-day average of −0.029%): +$5 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 10 hours. At the pace of the last 7 days (−0.096% in total) that is about 3.4 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.096% in total (about -5.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster ENAUSDT | 0.2102 | 0.0100 | pay 0.0050% / 4h | 2h 18m | $1.5M | $3.3M | 50x |
| Short | Backpack ENA_USDC_PERP | 0.2103 | −0.0274 | pay 0.0034% / 1h | 18m 42s | $362K | $484K | 5x |
Aster ENAUSDT
Backpack ENA_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Aster. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$78.47
- Price spread: +0.017% → −0.029%
- $4.67
- Slippage, 4 orders
- −$21.08
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$112.88
- Costs to cover
- 0.391%
- Break-even
- never at this rate
Slippage from Aster: live order book, 5 min ago; Backpack: live order book, 5 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 Aster live order book, 5 min ago | 5.21 bp | 9.6 bp −$10 | 19.9 bp −$199 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 5 min ago | 0.24 bp | 8.2 bp −$8 | 40.9 bp −$409 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack ENA_USDC_PERPshort | −0.0274% | 1h | 0.2103 | +0.017% | $362K | $484K | 5x | |
| Orderly PERP_ENA_USDC | −0.0083% | 4h | 0.2102 | −0.021% | $41K | $23K | 10x | as long as short |
| 01 Exchange ENAUSD | −0.0016% | 1h | 0.2102 | +0.008% | $4K | $432 | 10x | as long as short |
| Deribit ENA_USDC-PERPETUAL | 0.0000% | 1h | 0.2103 | +0.027% | $93K | $1.9M | 50x | as long as short |
| gTrade (Gains Network) ENA/USD | L +0.0003% / S −0.0003% | 1h | 0.2102 | +0.006% | $97K | — | 150x | as long as short |
| Injective ENA/USDC PERP | +0.0033% | 1h | 0.2123 | +1.002% | $522 | $57K | 5.5x | as long as short |
| Gate ENA_USDT | +0.0052% | 4h | 0.2100 | −0.087% | $10.5M | $21.7M | 50x | as long as short |
| Phoenix ENA | +0.0076% | 1h | 0.2107 | +0.212% | $5K | $394K | 10x | as long as short |
| Popdex ENAUSDT | +0.0096% | 1h | 0.2102 | −0.016% | $60K | $540K | 50x | as long as short |
| Paradex ENA-USD-PERP | +0.0100% | 8h | 0.2100 | −0.099% | $47K | $221 | 10x | as long as short |
Orderly PERP_ENA_USDC
01 Exchange ENAUSD
Deribit ENA_USDC-PERPETUAL
gTrade (Gains Network) ENA/USD
Injective ENA/USDC PERP
Gate ENA_USDT
Phoenix ENA
Popdex ENAUSDT
Paradex ENA-USD-PERPShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado ENA-PERP | +0.0100% | 1h | 0.2103 | +0.041% | $660K | $1.8M | 10x | as long as short |
| Aster ENAUSDTlong | +0.0100% | 4h | 0.2102 | long leg | $1.5M | $3.3M | 50x | |
| Pacifica ENA | +0.0100% | 1h | 0.2101 | −0.054% | $406K | $593K | 10x | as long as short |
| Binance ENAUSDT | +0.0100% | 4h | 0.2101 | −0.068% | $129.5M | $466.2M | 75x | as long as short |
| Bybit ENAUSDT | +0.0100% | 4h | 0.2100 | −0.116% | $87.8M | $193.7M | 50x | as long as short |
| OKX ENA-USDT-SWAP | +0.0100% | 4h | 0.2101 | −0.073% | $20.3M | $114.0M | 50x | as long as short |
| Ondo Perps ENA-USD.P | +0.0100% | 1h | 0.2110 | +0.365% | $19K | $432K | 5x | as long as short |
| Arcus ENA-USD | +0.0100% | 1h | 0.2102 | −0.016% | $82K | $223K | 10x | as long as short |
| Bulk ENA-USD | +0.0100% | 1h | 0.2107 | +0.222% | $89K | $2K | 10x | as long as short |
| MEXC ENA_USDT | +0.0100% | 4h | 0.2101 | −0.054% | $46.0M | $49.3M | 200x | as long as short |
| KuCoin ENAUSDTM | +0.0100% | 4h | 0.2102 | −0.035% | $24.3M | $16.5M | 75x | as long as short |
| Bitget ENAUSDT | +0.0100% | 4h | 0.2099 | −0.140% | $47.5M | $66.4M | 75x | as long as short |
| BingX ENA-USDT | +0.0100% | 4h | 0.2101 | −0.082% | — | $32.1M | — | as long as short |
| Variational Omni ENA | +0.0100% | 4h | 0.2104 | +0.081% | $3.8M | $10.4M | — | as long as short |
| edgeX ENAUSDC | +0.0100% | 4h | 0.2105 | +0.140% | $250K | $8.0M | 20x | as long as short |
| GRVT ENA_USDT_Perp | +0.0100% | 4h | 0.2112 | +0.444% | $360K | $4.6M | 10x | as long as short |
| ApeX Omni ENAUSDT | +0.0100% | 1h | 0.2103 | +0.032% | $32K | $711K | 50x | as long as short |
| Polymarket Perps ENA-USD | +0.0100% | 1h | 0.2104 | +0.094% | $183K | $3.0M | 10x | as long as short |
| SunX ENA-USDT | +0.0100% | 4h | 0.2052 | −2.394% | $848 | $809K | 20x | as long as short |
| SoDEX ENA-USD | +0.0100% | 1h | 0.2102 | −0.016% | $4K | $14K | 10x | as long as short |
| HTX ENA-USDT | +0.0100% | 4h | 0.2105 | +0.141% | $273K | $1.6M | 50x | as long as short |
| Phemex ENAUSDT | +0.0100% | 4h | 0.2101 | −0.063% | $1.9M | $9.3M | 50x | as long as short |
| Kraken Futures PF_ENAUSD | +0.0104% | 1h | 0.2103 | +0.015% | $2.6M | $5.8M | 50x | as long as short |
| Aevo ENA-PERP | +0.0104% | 1h | 0.2102 | −0.010% | $77K | $11K | 3x | as long as short |
| Extended ENA-USD | +0.0128% | 1h | 0.2100 | −0.107% | $1.6M | $4.2M | 50x | as long as short |
| GMX ENA/USD [ETH-USDC] | L +0.0214% / S −0.0162% | 1h | 0.2103 | +0.010% | $50K | — | 100x | as long as short |
| Lighter ENA | +0.0320% | 1h | 0.2104 | +0.065% | $5.7M | $13.2M | 10x | as long as short |
| BloFin ENA-USDT | +0.0340% | 4h | 0.2102 | +0.003% | $5.5M | $8.2M | 75x | as long as short |
| Hyperliquid ENA | +0.0344% | 1h | 0.2104 | +0.060% | $110.9M | $80.7M | 10x | as long as short |
| Reya ENARUSDPERP | +0.0412% | 1h | 0.2103 | +0.037% | $1K | $5K | 15x | as long as short |
| Coinbase International ENA-PERP-INTX | +0.0536% | 1h | 0.2108 | +0.270% | $805K | $2.2M | 50x | as long as short |
| dYdX ENA-USD | +0.6179% | 1h | 0.2102 | −0.007% | $139K | $15K | 5x | as long as short |
Nado ENA-PERP
Pacifica ENA
Binance ENAUSDT
Bybit ENAUSDT
OKX ENA-USDT-SWAP
Ondo Perps ENA-USD.P
Arcus ENA-USD
Bulk ENA-USD
MEXC ENA_USDT
KuCoin ENAUSDTM
Bitget ENAUSDT
BingX ENA-USDT
Variational Omni ENA
edgeX ENAUSDC
GRVT ENA_USDT_Perp
ApeX Omni ENAUSDT
Polymarket Perps ENA-USD
SunX ENA-USDT
SoDEX ENA-USD
HTX ENA-USDT
Phemex ENAUSDT
Kraken Futures PF_ENAUSD
Aevo ENA-PERP
Extended ENA-USD
GMX ENA/USD [ETH-USDC]
Lighter ENA
BloFin ENA-USDT
Hyperliquid ENA
Reya ENARUSDPERP
Coinbase International ENA-PERP-INTX
dYdX ENA-USD