Funding you earn now, next payment 05:00 UTC−0.0604%/8h= −66.1% APRpaid last 24h −0.108%
Price spread now: Aster against Coinbase International+0.550%7-day average −0.095% · you sell dearer than you buy
Net, funding: paid 7d − costs−$96as in the Funding arb table
Net, price: spread back to 7d avg − costs+$6as in the Price arb table
costs, in and out, $10k−$590.589% of the position
Funding, last 7 days−0.372%−$37 on $10k
+Price spread, last 4 days (all we have)−0.687%−$69 · spread now +0.550%, 7d avg −0.095%
=Together, before fees−1.060%+ Points / potential airdropAster: Stage 5 · farm board−$106 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Aster is 0.644% dearer against Coinbase International than usual: you sell high and buy low (spread +0.550% now, against its 7-day average of −0.095%): +$64 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 3.6 days. At the pace of the last 7 days (−0.372% in total) that is about 12 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.372% in total (about -19.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International ENA-PERP-INTX | 0.2100 | 0.0704 | pay 0.0088% / 1h | 43m 15s | $860K | $1.7M | 50x |
| Short | Aster ENAUSDT | 0.2112 | 0.0100 | get 0.0050% / 4h | 2h 43m | $1.4M | $3.2M | 50x |
Coinbase International ENA-PERP-INTX
Aster ENAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Coinbase International. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$126.84
- Price spread: +0.550% → −0.095%
- $64.45
- Slippage, 4 orders
- −$40.92
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$121.31
- Costs to cover
- 0.589%
- Break-even
- from the start
Slippage from Coinbase International: live order book, just now; Aster: 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 Coinbase International live order book, just now | 8.52 bp | 16.8 bp −$17 | 24.0 bp −$240 | doesn't fit | doesn't fit |
| Sell Aster live order book, 5 min ago | 1.66 bp | 14.4 bp −$14 | 26.5 bp −$265 | 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 | −0.0140% | 4h | 0.2110 | +0.481% | $44K | $25K | 10x | as long as short |
| 01 Exchange ENAUSD | −0.0016% | 1h | 0.2109 | +0.424% | $4K | $277 | 10x | as long as short |
| Gate ENA_USDT | −0.0014% | 4h | 0.2110 | +0.490% | $11.0M | $23.4M | 50x | as long as short |
| Deribit ENA_USDC-PERPETUAL | 0.0000% | 1h | 0.2111 | +0.524% | $73K | $1.1M | 50x | as long as short |
| gTrade (Gains Network) ENA/USD | L +0.0004% / S −0.0004% | 1h | 0.2111 | +0.502% | $82K | — | 150x | as long as short |
| Injective ENA/USDC PERP | +0.0033% | 1h | 0.2123 | +1.114% | $522 | $57K | 5.5x | as long as short |
| ApeX Omni ENAUSDT | +0.0048% | 1h | 0.2112 | +0.571% | $20K | $647K | 50x | as long as short |
| Popdex ENAUSDT | +0.0096% | 1h | 0.2109 | +0.429% | $56K | $466K | 50x | as long as short |
| Paradex ENA-USD-PERP | +0.0100% | 8h | 0.2109 | +0.439% | $47K | $110 | 10x | as long as short |
| Nado ENA-PERP | +0.0100% | 1h | 0.2110 | +0.483% | $654K | $1.7M | 10x | as long as short |
Orderly PERP_ENA_USDC
01 Exchange ENAUSD
Gate ENA_USDT
Deribit ENA_USDC-PERPETUAL
gTrade (Gains Network) ENA/USD
Injective ENA/USDC PERP
ApeX Omni ENAUSDT
Popdex ENAUSDT
Paradex ENA-USD-PERP
Nado ENA-PERPShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid ENA | +0.0100% | 1h | 0.2112 | +0.581% | $114.5M | $74.4M | 10x | as long as short |
| Aster ENAUSDTshort | +0.0100% | 4h | 0.2112 | +0.550% | $1.4M | $3.2M | 50x | |
| Pacifica ENA | +0.0100% | 1h | 0.2109 | +0.446% | $396K | $522K | 10x | as long as short |
| Binance ENAUSDT | +0.0100% | 4h | 0.2111 | +0.547% | $128.0M | $416.4M | 75x | as long as short |
| Bybit ENAUSDT | +0.0100% | 4h | 0.2112 | +0.552% | $85.4M | $175.1M | 50x | as long as short |
| OKX ENA-USDT-SWAP | +0.0100% | 4h | 0.2112 | +0.576% | $21.1M | $104.0M | 50x | as long as short |
| Ondo Perps ENA-USD.P | +0.0100% | 1h | 0.2106 | +0.300% | $22K | $321K | 5x | as long as short |
| Arcus ENA-USD | +0.0100% | 1h | 0.2109 | +0.429% | $78K | $276K | 10x | as long as short |
| Bulk ENA-USD | +0.0100% | 1h | 0.2096 | −0.167% | $92K | −$0 | 10x | as long as short |
| MEXC ENA_USDT | +0.0100% | 4h | 0.2110 | +0.500% | $45.5M | $40.6M | 200x | as long as short |
| KuCoin ENAUSDTM | +0.0100% | 4h | 0.2111 | +0.519% | $24.9M | $15.5M | 75x | as long as short |
| Bitget ENAUSDT | +0.0100% | 4h | 0.2110 | +0.476% | $48.0M | $57.9M | 75x | as long as short |
| BingX ENA-USDT | +0.0100% | 4h | 0.2110 | +0.471% | — | $31.3M | — | as long as short |
| Variational Omni ENA | +0.0100% | 4h | 0.2108 | +0.385% | $3.0M | $10.0M | — | as long as short |
| edgeX ENAUSDC | +0.0100% | 4h | 0.2106 | +0.290% | $241K | $6.9M | 20x | as long as short |
| GRVT ENA_USDT_Perp | +0.0100% | 4h | 0.2110 | +0.477% | $349K | $4.9M | 10x | as long as short |
| Polymarket Perps ENA-USD | +0.0100% | 1h | 0.2111 | +0.524% | $189K | $2.4M | 10x | as long as short |
| SunX ENA-USDT | +0.0100% | 4h | 0.2059 | −1.952% | $1K | $868K | 20x | as long as short |
| SoDEX ENA-USD | +0.0100% | 1h | 0.2112 | +0.571% | $4K | $7K | 10x | as long as short |
| HTX ENA-USDT | +0.0100% | 4h | 0.2112 | +0.548% | $275K | $777K | 50x | as long as short |
| Phemex ENAUSDT | +0.0100% | 4h | 0.2111 | +0.524% | $1.7M | $8.9M | 50x | as long as short |
| Extended ENA-USD | +0.0104% | 1h | 0.2111 | +0.503% | $1.6M | $4.2M | 50x | as long as short |
| Aevo ENA-PERP | +0.0104% | 1h | 0.2111 | +0.510% | $74K | $4K | 3x | as long as short |
| Phoenix ENA | +0.0153% | 1h | 0.2109 | +0.419% | $8K | $278K | 10x | as long as short |
| Kraken Futures PF_ENAUSD | +0.0163% | 1h | 0.2112 | +0.585% | $2.6M | $4.3M | 50x | as long as short |
| Lighter ENA | +0.0216% | 1h | 0.2113 | +0.633% | $5.2M | $13.0M | 10x | as long as short |
| GMX ENA/USD [ETH-USDC] | L +0.0306% / S −0.0358% | 1h | 0.2110 | +0.496% | $70K | — | 100x | as long as short |
| BloFin ENA-USDT | +0.0340% | 4h | 0.2110 | +0.467% | $5.5M | $3.0M | 75x | as long as short |
| dYdX ENA-USD | +0.0377% | 1h | 0.2109 | +0.413% | $139K | $15K | 5x | as long as short |
| Reya ENARUSDPERP | +0.0412% | 1h | 0.2110 | +0.487% | $1K | $5K | 15x | as long as short |
| Backpack ENA_USDC_PERP | +0.0583% | 1h | 0.2109 | +0.433% | $357K | $400K | 5x | as long as short |
| Coinbase International ENA-PERP-INTXlong | +0.0704% | 1h | 0.2100 | long leg | $860K | $1.7M | 50x |
Hyperliquid ENA
Pacifica ENA
Binance ENAUSDT
Bybit ENAUSDT
OKX ENA-USDT-SWAP
Ondo Perps ENA-USD.P
Arcus ENA-USD
Bulk ENA-USD
MEXC ENA_USDT
KuCoin ENAUSDTM
Bitget ENAUSDT
BingX ENA-USDT
Variational Omni ENA
edgeX ENAUSDC
GRVT ENA_USDT_Perp
Polymarket Perps ENA-USD
SunX ENA-USDT
SoDEX ENA-USD
HTX ENA-USDT
Phemex ENAUSDT
Extended ENA-USD
Aevo ENA-PERP
Phoenix ENA
Kraken Futures PF_ENAUSD
Lighter ENA
GMX ENA/USD [ETH-USDC]
BloFin ENA-USDT
dYdX ENA-USD
Reya ENARUSDPERP
Backpack ENA_USDC_PERP