Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.054%

Price spread now: Binance against Aster+0.009%7-day average −0.065% · you sell dearer than you buy

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$350.351% of the position

Long on Aster Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.149%−$15 on $10k

Price spread, last 4 days (all we have)−0.189%−$19 · spread now +0.009%, 7d avg −0.065%

Together, before fees−0.338%+ Points / potential airdropAster: Stage 5 · farm board−$34 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: Binance is 0.074% dearer against Aster than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.065%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ENAUSDT	0.2100	0.0100	pay 0.0050% / 4h	2h 17m	$1.5M	$3.3M	50x
Short	Binance ENAUSDT	0.2100	0.0100	get 0.0050% / 4h	2h 17m	$129.5M	$466.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Aster. 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 AsterbpFee BinancebpOrdersPrice spread, now +0.009%Rate

Funding earned: $0
Price spread: +0.009% → −0.065%: $7.39
Slippage, 4 orders: −$17.09
Fee Aster: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$27.7
Costs to cover: 0.351%
Break-even: never at this rate

Slippage from Aster: live order book, 1 min ago; Binance: live order book, 11 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, 1 min ago	2.62 bp	8.2 bp −$8	19.1 bp −$191	doesn't fit	doesn't fit
Sell Binance live order book, 11 min ago	0.24 bp	9.0 bp −$9	16.1 bp −$161	51.0 bp −$5,098	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_PERP	−0.0276%	1h	0.2101	+0.038%	$362K	$484K	5x	as long as short
Orderly PERP_ENA_USDC	−0.0082%	4h	0.2100	−0.015%	$41K	$23K	10x	as long as short
01 Exchange ENAUSD	−0.0008%	1h	0.2100	+0.009%	$4K	$432	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2101	+0.033%	$93K	$1.8M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2100	+0.023%	$96K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+1.119%	$522	$57K	5.5x	as long as short
Gate ENA_USDT	+0.0054%	4h	0.2099	−0.053%	$10.5M	$21.7M	50x	as long as short
Phoenix ENA	+0.0076%	1h	0.2107	+0.328%	$5K	$394K	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2099	−0.043%	$60K	$539K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2100	+0.006%	$47K	$221	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado ENA-PERP	+0.0100%	1h	0.2100	+0.009%	$658K	$1.8M	10x	as long as short
Aster ENAUSDTlong	+0.0100%	4h	0.2100	long leg	$1.5M	$3.3M	50x
Pacifica ENA	+0.0100%	1h	0.2101	+0.047%	$406K	$593K	10x	as long as short
Binance ENAUSDTshort	+0.0100%	4h	0.2100	+0.009%	$129.5M	$466.0M	75x
Bybit ENAUSDT	+0.0100%	4h	0.2099	−0.029%	$87.8M	$193.5M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2100	+0.028%	$20.3M	$113.9M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2100	+0.023%	$19K	$430K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2101	+0.052%	$82K	$223K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2107	+0.338%	$89K	$2K	10x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2099	−0.034%	$46.0M	$49.3M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2100	+0.019%	$24.3M	$16.5M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2099	−0.062%	$47.5M	$66.3M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2100	−0.010%	—	$32.1M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2104	+0.196%	$3.8M	$10.4M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2103	+0.128%	$250K	$8.0M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2103	+0.147%	$351K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2103	+0.147%	$32K	$711K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2100	−0.015%	$183K	$3.0M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2049	−2.448%	$856	$809K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2100	+0.004%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2102	+0.123%	$273K	$1.6M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2099	−0.043%	$1.9M	$9.3M	50x	as long as short
Kraken Futures PF_ENAUSD	+0.0104%	1h	0.2101	+0.046%	$2.6M	$5.8M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2100	+0.013%	$77K	$11K	3x	as long as short
Extended ENA-USD	+0.0144%	1h	0.2099	−0.026%	$1.6M	$4.2M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0214% / S −0.0163%	1h	0.2100	+0.014%	$50K	—	100x	as long as short
Lighter ENA	+0.0328%	1h	0.2103	+0.138%	$5.7M	$13.2M	10x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2100	+0.023%	$5.5M	$8.1M	75x	as long as short
Hyperliquid ENA	+0.0349%	1h	0.2102	+0.100%	$110.9M	$80.7M	10x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2098	−0.074%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0536%	1h	0.2104	+0.176%	$803K	$2.2M	50x	as long as short
dYdX ENA-USD	+0.6068%	1h	0.2102	+0.108%	$139K	$15K	5x	as long as short