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: KuCoin against Aster−0.056%7-day average −0.051% · you buy dearer than you sell

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$540.538% of the position

Long on Aster Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.179%−$18 on $10k

Price spread, last 4 days (all we have)−0.089%−$9 · spread now −0.056%, 7d avg −0.051%

Together, before fees−0.268%+ Points / potential airdropAster: Stage 5 · farm board−$27 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ENAUSDT	0.2163	0.0100	pay 0.0050% / 4h	3h 13m	$1.6M	$3.3M	50x
Short	KuCoin ENAUSDTM	0.2161	0.0100	get 0.0050% / 4h	3h 13m	$24.8M	$16.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.056%Rate

Funding earned: $0
Price spread: −0.056% → −0.051%: −$0.52
Slippage, 4 orders: −$33.81
Fee Aster: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$54.34
Costs to cover: 0.538%
Break-even: never at this rate

Slippage from Aster: live order book, 6 min ago; KuCoin: live order book, 6 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, 6 min ago	4.18 bp	9.8 bp −$10	19.8 bp −$198	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	3.02 bp	13.5 bp −$13	32.2 bp −$322	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
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2160	−0.107%	$81K	$1.6M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0004%	1h	0.2160	−0.113%	$104K	—	150x	as long as short
Orderly PERP_ENA_USDC	+0.0032%	4h	0.2159	−0.167%	$42K	$23K	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−1.813%	$522	$57K	5.5x	as long as short
dYdX ENA-USD	+0.0065%	1h	0.2162	−0.040%	$143K	$15K	5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2161	−0.075%	$52K	$517K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2160	−0.107%	$714K	$1.8M	10x	as long as short
Aster ENAUSDTlong	+0.0100%	4h	0.2163	long leg	$1.6M	$3.3M	50x
Pacifica ENA	+0.0100%	1h	0.2161	−0.084%	$426K	$553K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2160	−0.120%	$134.8M	$442.8M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ENAUSDT	+0.0100%	4h	0.2159	−0.149%	$88.9M	$187.0M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2160	−0.125%	$21.2M	$110.7M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2156	−0.320%	$16K	$413K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2161	−0.075%	$107K	$242K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2150	−0.579%	$94K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2161	−0.084%	$11.0M	$21.5M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2160	−0.130%	$46.0M	$44.8M	200x	as long as short
KuCoin ENAUSDTMshort	+0.0100%	4h	0.2161	−0.056%	$24.8M	$16.4M	75x
Bitget ENAUSDT	+0.0100%	4h	0.2158	−0.222%	$48.9M	$61.3M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2160	−0.121%	—	$6.5M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2162	−0.038%	$384K	$398K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2157	−0.250%	$3.9M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2159	−0.179%	$250K	$7.6M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2159	−0.167%	$366K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2159	−0.167%	$33K	$686K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2162	−0.042%	$181K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2109	−2.456%	$1K	$834K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2161	−0.075%	$4K	$10K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2163	+0.018%	$280K	$1.1M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2160	−0.121%	$2.0M	$9.4M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2160	−0.131%	$48K	$110	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2160	−0.111%	$76K	$4K	3x	as long as short
Phoenix ENA	+0.0150%	1h	0.2162	−0.033%	$8K	$347K	10x	as long as short
01 Exchange ENAUSD	+0.0176%	1h	0.2160	−0.102%	$4K	$302	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0231%	1h	0.2162	−0.023%	$2.7M	$5.1M	50x	as long as short
Extended ENA-USD	+0.0328%	1h	0.2159	−0.173%	$1.6M	$4.2M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0334% / S −0.0430%	1h	0.2160	−0.129%	$81K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2160	−0.098%	$5.7M	$2.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2160	−0.106%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0608%	1h	0.2165	+0.101%	$857K	$1.8M	50x	as long as short
Lighter ENA	+0.0736%	1h	0.2164	+0.069%	$5.9M	$13.1M	10x	as long as short
Hyperliquid ENA	+0.0777%	1h	0.2164	+0.069%	$117.7M	$74.7M	10x	as long as short