Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.054%

Price spread now: GRVT against Aster+0.002%50s7-day average −0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$580.577% of the position

Long on Aster Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.119%−$12 on $10k

Price spread, last 7 days−0.110%−$11 · spread now +0.002%, 7d avg −0.031%

Together, before fees−0.229%+ Points / potential airdropAster: Stage 5 · GRVT: Active · farm board−$23 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: GRVT is 0.032% dearer against Aster than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.031%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ENAUSDT	0.2108	0.0100	pay 0.0050% / 4h	4m 35s	$1.5M	$3.2M	50x
Short	GRVT ENA_USDT_Perp	0.2108	0.0100	get 0.0050% / 4h	4m 35s	$358K	$5.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.002%Rate

Funding earned: $0
Price spread: +0.002% → −0.031%: $3.22
Slippage, 4 orders: −$40.71
Fee Aster: 4 bp × 2 orders: −$8
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$54.49
Costs to cover: 0.577%
Break-even: never at this rate

Slippage from Aster: live order book, 4 min ago; GRVT: live order book, 4 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, 4 min ago	2.61 bp	7.9 bp −$8	17.8 bp −$178	174.7 bp −$17.5K	doesn't fit
Sell GRVT live order book, 4 min ago	2.37 bp	14.3 bp −$14	104.7 bp −$1,047	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_PERP	−0.0135%	1h	0.2109	+0.017%	$361K	$401K	5x	as long as short
Orderly PERP_ENA_USDC	−0.0080%	4h	0.2107	−0.055%	$44K	$25K	10x	as long as short
01 Exchange ENAUSD	−0.0024%	1h	0.2107	−0.064%	$4K	$302	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2108	−0.007%	$73K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2108	−0.012%	$82K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.723%	$522	$57K	5.5x	as long as short
Phoenix ENA	+0.0076%	1h	0.2110	+0.088%	$8K	$266K	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2107	−0.055%	$56K	$475K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2105	−0.132%	$47K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2106	−0.097%	$656K	$1.7M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ENAUSDTlong	+0.0100%	4h	0.2108	long leg	$1.5M	$3.2M	50x
Pacifica ENA	+0.0100%	1h	0.2107	−0.064%	$402K	$521K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2107	−0.055%	$128.1M	$416.0M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2107	−0.078%	$85.0M	$175.1M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2108	+0.002%	$21.0M	$103.5M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2105	−0.130%	$20K	$323K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2108	−0.007%	$79K	$276K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2107	−0.078%	$92K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2107	−0.055%	$11.1M	$22.3M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2106	−0.107%	$45.9M	$41.6M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2107	−0.055%	$24.9M	$15.7M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2105	−0.154%	$47.8M	$57.6M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2107	−0.059%	—	$32.3M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2105	−0.160%	$3.0M	$10.0M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2107	−0.049%	$243K	$6.9M	20x	as long as short
GRVT ENA_USDT_Perpshort	+0.0100%	4h	0.2108	+0.002%	$358K	$5.0M	10x
ApeX Omni ENAUSDT	+0.0100%	1h	0.2108	−0.007%	$20K	$650K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2109	+0.026%	$177K	$2.3M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2056	−2.493%	$1K	$851K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2107	−0.055%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2111	+0.145%	$273K	$796K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2108	−0.007%	$1.8M	$8.8M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2107	−0.076%	$1.6M	$4.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2108	−0.008%	$74K	$4K	3x	as long as short
Lighter ENA	+0.0160%	1h	0.2109	+0.036%	$5.2M	$13.5M	10x	as long as short
dYdX ENA-USD	+0.0160%	1h	0.2108	+0.010%	$139K	$15K	5x	as long as short
Hyperliquid ENA	+0.0192%	1h	0.2109	+0.059%	$114.9M	$74.8M	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0243%	1h	0.2109	+0.023%	$2.6M	$4.3M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0306% / S −0.0358%	1h	0.2108	−0.012%	$70K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2107	−0.050%	$5.6M	$3.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2107	−0.054%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0632%	1h	0.2128	+0.946%	$870K	$1.7M	50x	as long as short