Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.036%

Price spread now: Aster against GRVT−0.032%100s7-day average +0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$520.525% of the position

Long on GRVT Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.119%+$12 on $10k

Price spread, last 7 days+0.161%+$16 · spread now −0.032%, 7d avg +0.033%

Together, before fees+0.280%+ Points / potential airdropGRVT: Active · Aster: Stage 5 · farm board+$28 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 0.065% cheaper against GRVT than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.033%. The two prices were read 100 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT ENA_USDT_Perp	0.2109	0.0100	pay 0.0050% / 4h	2h 43m	$349K	$4.9M	10x
Short	Aster ENAUSDT	0.2108	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 GRVT. 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 GRVTbpFee AsterbpOrdersPrice spread, now −0.032%Rate

Funding earned: $0
Price spread: −0.032% → +0.033%: −$6.55
Slippage, 4 orders: −$35.46
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$59.01
Costs to cover: 0.525%
Break-even: never at this rate

Slippage from GRVT: live order book, 5 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 GRVT live order book, 5 min ago	4.76 bp	9.3 bp −$9	146.6 bp −$1,466	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	−0.0141%	4h	0.2108	−0.047%	$44K	$25K	10x	as long as short
Gate ENA_USDT	−0.0028%	4h	0.2107	−0.114%	$11.0M	$23.4M	50x	as long as short
ApeX Omni ENAUSDT	−0.0028%	1h	0.2110	+0.047%	$20K	$649K	50x	as long as short
01 Exchange ENAUSD	−0.0016%	1h	0.2108	−0.038%	$4K	$277	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2109	+0.005%	$73K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2108	−0.025%	$82K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.683%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2107	−0.095%	$56K	$466K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2108	−0.031%	$47K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2107	−0.092%	$653K	$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	0.2110	+0.062%	$114.4M	$74.4M	10x	as long as short
Aster ENAUSDTshort	+0.0100%	4h	0.2108	−0.032%	$1.4M	$3.2M	50x
Pacifica ENA	+0.0100%	1h	0.2108	−0.025%	$396K	$522K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2108	−0.062%	$127.8M	$416.4M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2107	−0.095%	$85.3M	$175.1M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2108	−0.028%	$21.1M	$103.9M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2106	−0.128%	$22K	$321K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2107	−0.095%	$78K	$276K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2096	−0.593%	$92K	−$0	10x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2107	−0.100%	$45.5M	$40.6M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2109	−0.019%	$24.9M	$15.5M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2107	−0.100%	$47.9M	$57.9M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2107	−0.081%	—	$31.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2108	−0.044%	$3.0M	$10.0M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2106	−0.138%	$241K	$6.9M	20x	as long as short
GRVT ENA_USDT_Perplong	+0.0100%	4h	0.2109	long leg	$349K	$4.9M	10x
Polymarket Perps ENA-USD	+0.0100%	1h	0.2109	−0.019%	$189K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2057	−2.456%	$1K	$867K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2108	−0.047%	$3K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2116	+0.313%	$275K	$777K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2108	−0.047%	$1.7M	$8.8M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2106	−0.136%	$1.6M	$4.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2109	−0.017%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0153%	1h	0.2109	−0.009%	$8K	$278K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0163%	1h	0.2110	+0.024%	$2.6M	$4.3M	50x	as long as short
Lighter ENA	+0.0216%	1h	0.2111	+0.090%	$5.2M	$13.0M	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0306% / S −0.0358%	1h	0.2109	−0.018%	$70K	—	100x	as long as short
dYdX ENA-USD	+0.0313%	1h	0.2109	−0.018%	$139K	$15K	5x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2111	+0.095%	$5.5M	$3.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2108	−0.064%	$1K	$5K	15x	as long as short
Backpack ENA_USDC_PERP	+0.0583%	1h	0.2109	+0.005%	$357K	$400K	5x	as long as short
Coinbase International ENA-PERP-INTX	+0.0704%	1h	0.2100	−0.427%	$860K	$1.7M	50x	as long as short