Funding arb · Price arb /

ENA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.025%

Price spread now: Aster against Extended+0.046%7-day average +0.085% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$340.336% of the position

Long on Extended Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.075%+$7 on $10k

Price spread, last 7 days−0.020%−$2 · spread now +0.046%, 7d avg +0.085%

Together, before fees+0.055%+ Points / potential airdropExtended: Active · Aster: Stage 5 · farm board+$6 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 0.039% cheaper against Extended than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.085%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ENA-USD	0.2111	0.0104	pay 0.0013% / 1h	43m 14s	$1.6M	$4.2M	50x
Short	Aster ENAUSDT	0.2112	0.0100	get 0.0050% / 4h	2h 43m	$1.4M	$3.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Extended. 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 ExtendedbpFee AsterbpOrdersPrice spread, now +0.046%Rate

Funding earned: −$0.84
Price spread: +0.046% → +0.085%: −$3.88
Slippage, 4 orders: −$20.56
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$38.28
Costs to cover: 0.336%
Break-even: never at this rate

Slippage from Extended: live order book, 6 min ago; 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 Extended live order book, 6 min ago	0.24 bp	5.6 bp −$6	12.6 bp −$126	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	−0.022%	$44K	$25K	10x	as long as short
01 Exchange ENAUSD	−0.0016%	1h	0.2109	−0.079%	$4K	$277	10x	as long as short
Gate ENA_USDT	−0.0014%	4h	0.2110	−0.013%	$11.0M	$23.4M	50x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2111	+0.021%	$73K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2111	−0.001%	$82K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.608%	$522	$57K	5.5x	as long as short
ApeX Omni ENAUSDT	+0.0048%	1h	0.2112	+0.068%	$20K	$647K	50x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2109	−0.074%	$56K	$466K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2109	−0.064%	$47K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2110	−0.020%	$654K	$1.7M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid ENA	+0.0100%	1h	0.2112	+0.077%	$114.5M	$74.4M	10x	as long as short
Aster ENAUSDTshort	+0.0100%	4h	0.2112	+0.046%	$1.4M	$3.2M	50x
Pacifica ENA	+0.0100%	1h	0.2109	−0.057%	$396K	$522K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2111	+0.043%	$128.0M	$416.4M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2112	+0.049%	$85.4M	$175.1M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2112	+0.073%	$21.1M	$104.0M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2106	−0.202%	$22K	$321K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2109	−0.074%	$78K	$276K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2096	−0.667%	$92K	−$0	10x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2110	−0.003%	$45.5M	$40.6M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2111	+0.016%	$24.9M	$15.5M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2110	−0.027%	$48.0M	$57.9M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2110	−0.032%	—	$31.3M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2108	−0.118%	$3.0M	$10.0M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2106	−0.212%	$241K	$6.9M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2110	−0.026%	$349K	$4.9M	10x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2111	+0.021%	$189K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2059	−2.443%	$1K	$868K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2112	+0.068%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2112	+0.044%	$275K	$777K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2111	+0.021%	$1.7M	$8.9M	50x	as long as short
Extended ENA-USDlong	+0.0104%	1h	0.2111	long leg	$1.6M	$4.2M	50x
Aevo ENA-PERP	+0.0104%	1h	0.2111	+0.006%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0153%	1h	0.2109	−0.084%	$8K	$278K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0163%	1h	0.2112	+0.081%	$2.6M	$4.3M	50x	as long as short
Lighter ENA	+0.0216%	1h	0.2113	+0.129%	$5.2M	$13.0M	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0306% / S −0.0358%	1h	0.2110	−0.007%	$70K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2110	−0.036%	$5.5M	$3.0M	75x	as long as short
dYdX ENA-USD	+0.0377%	1h	0.2109	−0.089%	$139K	$15K	5x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2110	−0.016%	$1K	$5K	15x	as long as short
Backpack ENA_USDC_PERP	+0.0583%	1h	0.2109	−0.070%	$357K	$400K	5x	as long as short
Coinbase International ENA-PERP-INTX	+0.0704%	1h	0.2100	−0.501%	$860K	$1.7M	50x	as long as short