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: Aster against BingX+0.094%7-day average +0.092% · you sell dearer than you buy

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$340.337% of the position

Long on BingX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.117%+$12 on $10k

Price spread, last 4 days (all we have)+0.069%+$7 · spread now +0.094%, 7d avg +0.092%

Together, before fees+0.186%+ Points / potential airdropAster: Stage 5 · farm board+$19 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ENA-USDT	0.2119	0.0100	pay 0.0050% / 4h	1h 20m	—	$32.3M	—
Short	Aster ENAUSDT	0.2121	0.0100	get 0.0050% / 4h	1h 20m	$1.5M	$3.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against BingX. 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 BingXbpFee AsterbpOrdersPrice spread, now +0.094%Rate

Funding earned: $0
Price spread: +0.094% → +0.092%: $0.22
Slippage, 4 orders: −$15.66
Fee BingX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$33.44
Costs to cover: 0.337%
Break-even: never at this rate

Slippage from BingX: live order book, 8 min ago; Aster: live order book, 3 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 BingX live order book, 8 min ago	0.71 bp	6.5 bp −$7	8.0 bp −$80	14.9 bp −$1,488	29.2 bp −$14.6K
Sell Aster live order book, 3 min ago	3.77 bp	10.7 bp −$11	21.7 bp −$217	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	−0.0019%	4h	0.2119	−0.038%	$44K	$26K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2119	−0.014%	$79K	$1.3M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2119	−0.006%	$82K	—	150x	as long as short
01 Exchange ENAUSD	+0.0016%	1h	0.2122	+0.127%	$4K	$302	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.193%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2121	+0.080%	$56K	$497K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2122	+0.134%	$666K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2122	+0.109%	$114.0M	$71.4M	10x	as long as short
Aster ENAUSDTshort	+0.0100%	4h	0.2121	+0.094%	$1.5M	$3.0M	50x
Pacifica ENA	+0.0100%	1h	0.2123	+0.158%	$415K	$506K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ENAUSDT	+0.0100%	4h	0.2120	+0.019%	$130.0M	$419.0M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2119	−0.038%	$86.8M	$175.5M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2119	−0.019%	$20.9M	$102.6M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2109	−0.510%	$19K	$364K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2122	+0.127%	$78K	$276K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2107	−0.598%	$92K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2120	+0.038%	$11.1M	$21.4M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2119	+0.009%	$45.9M	$42.1M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2121	+0.071%	$24.7M	$15.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2117	−0.099%	$48.2M	$57.7M	75x	as long as short
BingX ENA-USDTlong	+0.0100%	4h	0.2119	long leg	—	$32.3M	—
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2121	+0.071%	$375K	$363K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2118	−0.063%	$3.4M	$9.9M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2106	−0.643%	$242K	$7.1M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2122	+0.127%	$357K	$4.9M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2122	+0.127%	$22K	$652K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2122	+0.142%	$184K	$2.3M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2068	−2.416%	$1K	$841K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2119	−0.014%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2126	+0.297%	$278K	$781K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2120	+0.033%	$1.8M	$8.8M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2123	+0.151%	$48K	$110	10x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2118	−0.082%	$1.6M	$4.1M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2119	−0.003%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0150%	1h	0.2122	+0.118%	$8K	$298K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0253% / S −0.0213%	1h	0.2119	−0.013%	$51K	—	100x	as long as short
dYdX ENA-USD	+0.0274%	1h	0.2121	+0.100%	$140K	$15K	5x	as long as short
Kraken Futures PF_ENAUSD	+0.0284%	1h	0.2120	+0.043%	$2.7M	$4.3M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2119	+0.009%	$5.6M	$3.1M	75x	as long as short
Lighter ENA	+0.0384%	1h	0.2121	+0.090%	$5.4M	$13.8M	10x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2121	+0.077%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0664%	1h	0.2114	−0.255%	$831K	$1.5M	50x	as long as short