Funding arb · Price arb /

ENA

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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 +0.065%

Price spread now: Aster against Bitget+0.008%7-day average +0.132% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$470.467% of the position

Long on Bitget Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.132%+$13 on $10k

Price spread, last 4 days (all we have)+0.205%+$21 · spread now +0.008%, 7d avg +0.132%

Together, before fees+0.337%+ Points / potential airdropAster: Stage 5 · farm board+$34 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: Aster is 0.124% cheaper against Bitget than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.132%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ENAUSDT	0.2111	0.0100	pay 0.0050% / 4h	3h 49m	$47.9M	$62.7M	75x
Short	Aster ENAUSDT	0.2111	0.0100	get 0.0050% / 4h	3h 49m	$1.5M	$3.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bitget. 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 BitgetbpFee AsterbpOrdersPrice spread, now +0.008%Rate

Funding earned: $0
Price spread: +0.008% → +0.132%: −$12.4
Slippage, 4 orders: −$26.67
Fee Bitget: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$59.07
Costs to cover: 0.467%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; Aster: 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 Bitget live order book, 5 min ago	0.94 bp	13.1 bp −$13	19.5 bp −$195	50.6 bp −$5,062	doesn't fit
Sell Aster live order book, 4 min ago	1.41 bp	12.1 bp −$12	19.8 bp −$198	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	−0.0107%	1h	0.2111	−0.024%	$375K	$419K	5x	as long as short
Gate ENA_USDT	−0.0006%	4h	0.2111	+0.014%	$10.7M	$20.6M	50x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2110	−0.062%	$93K	$1.7M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2112	+0.028%	$96K	—	150x	as long as short
Orderly PERP_ENA_USDC	+0.0019%	4h	0.2109	−0.118%	$41K	$24K	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.583%	$522	$57K	5.5x	as long as short
dYdX ENA-USD	+0.0076%	1h	0.2111	−0.011%	$139K	$15K	5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2111	−0.005%	$63K	$525K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2113	+0.095%	$669K	$1.8M	10x	as long as short
Aster ENAUSDTshort	+0.0100%	4h	0.2111	+0.008%	$1.5M	$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	0.2111	+0.005%	$409K	$555K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2112	+0.036%	$131.1M	$447.8M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2112	+0.066%	$88.8M	$187.7M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2113	+0.090%	$20.6M	$109.5M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2122	+0.526%	$15K	$394K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2112	+0.043%	$84K	$222K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2126	+0.706%	$90K	−$0	10x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2113	+0.081%	$45.9M	$44.0M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2113	+0.090%	$24.3M	$16.6M	75x	as long as short
Bitget ENAUSDTlong	+0.0100%	4h	0.2111	long leg	$47.9M	$62.7M	75x
BingX ENA-USDC	+0.0100%	4h	0.2112	+0.024%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2115	+0.195%	$3.9M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2120	+0.425%	$245K	$7.6M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2120	+0.408%	$353K	$4.7M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2116	+0.232%	$34K	$713K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2113	+0.095%	$180K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2065	−2.198%	$1K	$828K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2110	−0.052%	$4K	$11K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2117	+0.261%	$275K	$1.4M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2110	−0.068%	$47K	$221	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2110	−0.067%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0150%	1h	0.2114	+0.156%	$7K	$347K	10x	as long as short
01 Exchange ENAUSD	+0.0208%	1h	0.2113	+0.095%	$4K	$302	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0237%	1h	0.2111	0.000%	$2.7M	$5.2M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0250% / S −0.0434%	1h	0.2111	+0.007%	$38K	—	100x	as long as short
Extended ENA-USD	+0.0256%	1h	0.2110	−0.033%	$1.6M	$4.3M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2116	+0.246%	$5.6M	$4.1M	75x	as long as short
Phemex ENAUSDT	+0.0392%	4h	0.2110	−0.052%	$1.9M	$9.3M	50x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2113	+0.075%	$1K	$5K	15x	as long as short
Lighter ENA	+0.0568%	1h	0.2113	+0.076%	$5.6M	$12.5M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0608%	1h	0.2116	+0.251%	$836K	$1.9M	50x	as long as short
Hyperliquid ENA	+0.0615%	1h	0.2116	+0.237%	$114.1M	$76.3M	10x	as long as short