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 +0.054%

Price spread now: Aster against edgeX+0.980%7-day average +0.067% · 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+$47as in the Price arb table

costs, in and out, $10k−$450.446% of the position

Long on edgeX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.115%+$12 on $10k

Price spread, last 7 days−0.931%−$93 · spread now +0.980%, 7d avg +0.067%

Together, before fees−0.815%+ Points / potential airdropedgeX: Active · Aster: Stage 5 · farm board−$82 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 0.912% dearer against edgeX than usual: you sell high and buy low, +$91 on $10k if it goes back to its 7-day average of +0.067%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX ENAUSDC	0.2095	0.0100	pay 0.0050% / 4h	30m 57s	$241K	$6.9M	20x
Short	Aster ENAUSDT	0.2116	0.0100	get 0.0050% / 4h	30m 57s	$1.5M	$2.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against edgeX. 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 edgeXbpFee AsterbpOrdersPrice spread, now +0.980%Rate

Funding earned: $0
Price spread: +0.980% → +0.067%: $91.25
Slippage, 4 orders: −$27.56
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: $46.69
Costs to cover: 0.446%
Break-even: from the start

Slippage from edgeX: live order book, 3 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 edgeX live order book, 3 min ago	7.16 bp	11.7 bp −$12	13.2 bp −$132	44.3 bp −$4,430	doesn't fit
Sell Aster live order book, 3 min ago	2.37 bp	12.8 bp −$13	23.0 bp −$230	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	−0.0218%	1h	0.2116	+0.966%	$365K	$390K	5x	as long as short
01 Exchange ENAUSD	−0.0104%	1h	0.2113	+0.827%	$4K	$302	10x	as long as short
Orderly PERP_ENA_USDC	−0.0067%	4h	0.2112	+0.784%	$44K	$25K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2112	+0.818%	$79K	$1.2M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2113	+0.822%	$82K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+1.338%	$522	$57K	5.5x	as long as short
Phoenix ENA	+0.0076%	1h	0.2097	+0.102%	$8K	$266K	10x	as long as short
Lighter ENA	+0.0096%	1h	0.2115	+0.918%	$5.2M	$13.4M	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2112	+0.794%	$56K	$500K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2112	+0.815%	$47K	$110	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	0.2112	+0.818%	$652K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2116	+1.004%	$112.5M	$73.2M	10x	as long as short
Aster ENAUSDTshort	+0.0100%	4h	0.2116	+0.980%	$1.5M	$2.9M	50x
Pacifica ENA	+0.0100%	1h	0.2113	+0.828%	$412K	$499K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2117	+1.055%	$129.1M	$415.7M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2117	+1.047%	$86.0M	$175.9M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2117	+1.042%	$21.0M	$103.3M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2094	−0.080%	$20K	$311K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2113	+0.841%	$79K	$275K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2093	−0.113%	$92K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2118	+1.075%	$11.2M	$21.9M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2117	+1.028%	$46.0M	$41.3M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2116	+0.985%	$24.7M	$15.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2116	+0.966%	$48.0M	$57.5M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2118	+1.066%	—	$32.2M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2112	+0.798%	$3.0M	$10.1M	—	as long as short
edgeX ENAUSDClong	+0.0100%	4h	0.2095	long leg	$241K	$6.9M	20x
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2096	+0.030%	$347K	$5.0M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2104	+0.412%	$20K	$647K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2113	+0.856%	$182K	$2.3M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2062	−1.607%	$1K	$845K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2113	+0.841%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2115	+0.937%	$273K	$794K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2113	+0.841%	$1.7M	$8.8M	50x	as long as short
dYdX ENA-USD	+0.0102%	1h	0.2111	+0.732%	$139K	$15K	5x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2116	+0.998%	$1.6M	$4.1M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2112	+0.798%	$74K	$4K	3x	as long as short
Kraken Futures PF_ENAUSD	+0.0243%	1h	0.2113	+0.859%	$2.6M	$4.2M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0253% / S −0.0213%	1h	0.2113	+0.833%	$51K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2112	+0.808%	$5.6M	$3.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2112	+0.813%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0632%	1h	0.2118	+1.085%	$865K	$1.5M	50x	as long as short