Funding arb · Price arb /

ENA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.059%

Price spread now: Aster against Gate−0.019%7-day average +0.088% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$530.535% of the position

Long on Gate Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.164%+$16 on $10k

Price spread, last 4 days (all we have)+0.143%+$14 · spread now −0.019%, 7d avg +0.088%

Together, before fees+0.306%+ Points / potential airdropAster: Stage 5 · farm board+$31 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 0.107% cheaper against Gate than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.088%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ENA_USDT	0.2127	0.0100	pay 0.0050% / 4h	37m 28s	$10.9M	$21.4M	50x
Short	Aster ENAUSDT	0.2126	0.0100	get 0.0050% / 4h	37m 28s	$1.5M	$3.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Gate. 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 GatebpFee AsterbpOrdersPrice spread, now −0.019%Rate

Funding earned: $0
Price spread: −0.019% → +0.088%: −$10.72
Slippage, 4 orders: −$30.46
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Aster: 4 bp × 2 orders: −$8
Net: −$64.18
Costs to cover: 0.535%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; Aster: live order book, 1 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 Gate live order book, 1 min ago	4.00 bp	17.1 bp −$17	29.6 bp −$296	58.0 bp −$5,801	95.9 bp −$47.9K
Sell Aster live order book, 1 min ago	2.35 bp	11.0 bp −$11	19.3 bp −$193	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	−0.0021%	4h	0.2127	+0.019%	$41K	$24K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2128	+0.061%	$93K	$1.7M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2125	−0.088%	$106K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−0.160%	$522	$57K	5.5x	as long as short
Backpack ENA_USDC_PERP	+0.0072%	1h	0.2130	+0.146%	$376K	$448K	5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2124	−0.132%	$63K	$523K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2124	−0.125%	$683K	$1.8M	10x	as long as short
Aster ENAUSDTshort	+0.0100%	4h	0.2126	−0.019%	$1.5M	$3.3M	50x
Pacifica ENA	+0.0100%	1h	0.2127	+0.001%	$412K	$564K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2125	−0.104%	$131.4M	$454.3M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ENAUSDT	+0.0100%	4h	0.2124	−0.113%	$89.2M	$190.4M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2124	−0.118%	$20.6M	$111.8M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2125	−0.099%	$15K	$395K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2127	+0.009%	$84K	$221K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2129	+0.103%	$90K	$500	10x	as long as short
Gate ENA_USDTlong	+0.0100%	4h	0.2127	long leg	$10.9M	$21.4M	50x
MEXC ENA_USDT	+0.0100%	4h	0.2125	−0.089%	$46.9M	$45.4M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2125	−0.071%	$24.6M	$16.4M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2123	−0.160%	$48.1M	$64.5M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2124	−0.122%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2129	+0.107%	$3.9M	$10.3M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2125	−0.094%	$253K	$7.6M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2129	+0.104%	$358K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2125	−0.085%	$32K	$710K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2125	−0.103%	$179K	$2.6M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2075	−2.436%	$1K	$824K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2128	+0.056%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2130	+0.155%	$277K	$1.5M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2128	+0.056%	$2.0M	$9.2M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2125	−0.074%	$48K	$221	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2128	+0.055%	$78K	$11K	3x	as long as short
Phoenix ENA	+0.0189%	1h	0.2128	+0.075%	$7K	$347K	10x	as long as short
01 Exchange ENAUSD	+0.0200%	1h	0.2126	−0.038%	$4K	$302	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0240%	1h	0.2129	+0.106%	$2.7M	$5.5M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0250% / S −0.0434%	1h	0.2127	−0.007%	$38K	—	100x	as long as short
Extended ENA-USD	+0.0304%	1h	0.2124	−0.132%	$1.6M	$4.2M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2124	−0.132%	$5.6M	$7.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2124	−0.137%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0552%	1h	0.2132	+0.230%	$842K	$2.1M	50x	as long as short
Lighter ENA	+0.0568%	1h	0.2130	+0.136%	$5.6M	$12.9M	10x	as long as short
Hyperliquid ENA	+0.0843%	1h	0.2128	+0.052%	$114.4M	$78.7M	10x	as long as short
dYdX ENA-USD	+0.1750%	1h	0.2128	+0.063%	$141K	$15K	5x	as long as short