Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.036%

Price spread now: Polymarket Perps against Aster−0.208%46s7-day average −0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$65as 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−$300.303% of the position

Long on Aster Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.350%−$35 on $10k

Price spread, last 7 days+0.091%+$9 · spread now −0.208%, 7d avg −0.039%

Together, before fees−0.259%+ Points / potential airdropAster: Stage 5 · farm board−$26 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: Polymarket Perps is 0.168% cheaper against Aster than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of −0.039%. The two prices were read 46 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	0.2105	0.0100	pay 0.0050% / 4h	1h 03m	$1.4M	$3.3M	50x
Short	Polymarket Perps ENA-USD	0.2100	0.0100	get 0.0013% / 1h	3m 48s	$182K	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.208%Rate

Funding earned: $0
Price spread: −0.208% → −0.039%: −$16.84
Slippage, 4 orders: −$14.32
Fee Aster: 4 bp × 2 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$47.15
Costs to cover: 0.303%
Break-even: never at this rate

Slippage from Aster: live order book, 5 min ago; Polymarket Perps: 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	2.60 bp	8.8 bp −$9	20.8 bp −$208	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 5 min ago	1.42 bp	5.4 bp −$5	8.8 bp −$88	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
Orderly PERP_ENA_USDC	−0.0100%	4h	0.2102	−0.151%	$44K	$26K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2102	−0.108%	$54K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2100	−0.208%	$81K	—	150x	as long as short
01 Exchange ENAUSD	+0.0008%	1h	0.2100	−0.222%	$4K	$277	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.885%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2099	−0.274%	$54K	$481K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2104	−0.045%	$47K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2098	−0.316%	$556K	$1.8M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2107	+0.082%	$113.8M	$75.5M	10x	as long as short
Aster ENAUSDTlong	+0.0100%	4h	0.2105	long leg	$1.4M	$3.3M	50x

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ENA	+0.0100%	1h	0.2105	−0.008%	$399K	$542K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2105	+0.017%	$127.5M	$426.8M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2103	−0.070%	$90.3M	$187.1M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2105	+0.020%	$21.1M	$107.1M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2111	+0.282%	$33K	$318K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2100	−0.227%	$78K	$281K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2122	+0.815%	$93K	$511	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2105	+0.001%	$12.5M	$26.8M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2105	+0.001%	$38.0M	$43.5M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2106	+0.054%	$24.6M	$15.7M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2103	−0.079%	$47.7M	$59.7M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2105	−0.003%	—	$31.6M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2113	+0.385%	$3.1M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2113	+0.380%	$257K	$7.1M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2111	+0.296%	$351K	$4.9M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2113	+0.391%	$19K	$647K	50x	as long as short
Polymarket Perps ENA-USDshort	+0.0100%	1h	0.2100	−0.208%	$182K	$2.6M	10x
SunX ENA-USDT	+0.0100%	4h	0.2050	−2.597%	$931	$902K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2102	−0.132%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2110	+0.248%	$265K	$823K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2103	−0.084%	$1.8M	$8.8M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2103	−0.065%	$1.6M	$4.3M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2102	−0.131%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0110%	1h	0.2112	+0.348%	$8K	$276K	10x	as long as short
Lighter ENA	+0.0136%	1h	0.2107	+0.101%	$5.0M	$13.8M	10x	as long as short
Backpack ENA_USDC_PERP	+0.0200%	1h	0.2103	−0.075%	$390K	$437K	5x	as long as short
dYdX ENA-USD	+0.0268%	1h	0.2105	+0.013%	$139K	$16K	5x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0305% / S −0.0753%	1h	0.2101	−0.191%	$58K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2106	+0.044%	$5.6M	$3.3M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2099	−0.296%	$1K	—	15x	as long as short
Kraken Futures PF_ENAUSD	+0.0449%	1h	0.2103	−0.098%	$2.6M	$4.4M	50x	as long as short
Coinbase International ENA-PERP-INTX	+0.0616%	1h	0.2105	+0.020%	$868K	$1.8M	50x	as long as short