Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0140%/8h= −15.3% APRpaid last 24h −0.118%

Price spread now: 01 Exchange against Aster−0.021%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and 01 Exchange is 0.021% cheaper against Aster than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ENAUSDT	0.2106	0.0100	pay 0.0050% / 4h	2h 57m	$1.5M	$3.5M	50x
Short	01 Exchange ENAUSD	0.2106	−0.0040	pay 0.0005% / 1h	57m 00s	$4K	$432	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.021%Rate

Funding earned: −$29.4
Price spread: −0.021% → 0.000%: −$2.09
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$46.49
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 2 min ago; 01 Exchange: no order-book sample. Net counts fees only.

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, 2 min ago	1.90 bp	11.3 bp −$11	20.8 bp −$208	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0570%	1h	0.2107	+0.017%	$363K	$488K	5x	as long as short
Orderly PERP_ENA_USDC	−0.0098%	4h	0.2105	−0.087%	$42K	$23K	10x	as long as short
01 Exchange ENAUSDshort	−0.0040%	1h	0.2106	−0.021%	$4K	$432	10x
Gate ENA_USDT	−0.0028%	4h	0.2106	−0.040%	$10.4M	$21.4M	50x	as long as short
Phoenix ENA	0.0000%	1h	0.2107	+0.022%	$5K	$394K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2106	−0.011%	$94K	$1.9M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2107	+0.018%	$97K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.805%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2105	−0.068%	$60K	$549K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2104	−0.093%	$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	0.2104	−0.095%	$656K	$1.8M	10x	as long as short
Aster ENAUSDTlong	+0.0100%	4h	0.2106	long leg	$1.5M	$3.5M	50x
Pacifica ENA	+0.0100%	1h	0.2106	−0.035%	$404K	$604K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2107	+0.008%	$130.8M	$474.5M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2108	+0.074%	$88.7M	$195.7M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2109	+0.098%	$20.2M	$116.6M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2106	−0.040%	$19K	$446K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2105	−0.068%	$84K	$222K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2108	+0.054%	$89K	$2K	10x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2106	−0.011%	$45.5M	$48.2M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2107	+0.027%	$24.4M	$16.7M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2107	+0.027%	$47.8M	$67.4M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2106	−0.035%	—	$32.1M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2112	+0.287%	$3.6M	$10.2M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2108	+0.058%	$253K	$8.0M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2107	+0.025%	$362K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2107	+0.027%	$32K	$713K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2108	+0.060%	$184K	$3.0M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2056	−2.390%	$1K	$809K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2105	−0.068%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2111	+0.231%	$274K	$1.6M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2105	−0.068%	$1.9M	$9.3M	50x	as long as short
Kraken Futures PF_ENAUSD	+0.0104%	1h	0.2108	+0.061%	$2.7M	$5.9M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2108	+0.068%	$1.6M	$4.1M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2106	−0.021%	$77K	$11K	3x	as long as short
Lighter ENA	+0.0168%	1h	0.2109	+0.098%	$5.7M	$13.1M	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0210% / S −0.0158%	1h	0.2106	−0.002%	$50K	—	100x	as long as short
Hyperliquid ENA	+0.0267%	1h	0.2109	+0.102%	$112.0M	$81.4M	10x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2106	−0.011%	$5.6M	$8.2M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2106	−0.031%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0536%	1h	0.2116	+0.473%	$809K	$2.2M	50x	as long as short
dYdX ENA-USD	+0.5344%	1h	0.2106	−0.009%	$139K	$12K	5x	as long as short