Funding arb · Price arb /

ENA

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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 HTX−0.345%7-day average −0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$118as in the Price arb table

costs, in and out, $10k−$860.855% of the position

Long on HTX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.117%+$12 on $10k

Price spread, last 4 days (all we have)+0.189%+$19 · spread now −0.345%, 7d avg −0.024%

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 0.322% cheaper against HTX than usual: you would sell low and buy high, −$32 on $10k if it goes back to its 7-day average of −0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ENA-USDT	0.2176	0.0100	pay 0.0050% / 4h	2h 00m	$272K	$806K	50x
Short	Aster ENAUSDT	0.2168	0.0100	get 0.0050% / 4h	2h 00m	$1.5M	$3.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against HTX. 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 HTXbpFee AsterbpOrdersPrice spread, now −0.345%Rate

Funding earned: $0
Price spread: −0.345% → −0.024%: −$32.16
Slippage, 4 orders: −$65.51
Fee HTX: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$117.68
Costs to cover: 0.855%
Break-even: never at this rate

Slippage from HTX: live order book, 8 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 HTX live order book, 8 min ago	20.38 bp	37.5 bp −$37	301.6 bp −$3,016	doesn't fit	doesn't fit
Sell Aster live order book, 3 min ago	2.76 bp	13.2 bp −$13	22.6 bp −$226	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	−0.0142%	4h	0.2169	−0.326%	$45K	$26K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2170	−0.290%	$67K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2169	−0.298%	$84K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−2.408%	$522	$57K	5.5x	as long as short
01 Exchange ENAUSD	+0.0040%	1h	0.2170	−0.267%	$4K	$277	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2169	−0.313%	$55K	$477K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2170	−0.273%	$576K	$1.8M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2170	−0.257%	$117.7M	$76.0M	10x	as long as short
Aster ENAUSDTshort	+0.0100%	4h	0.2168	−0.345%	$1.5M	$3.3M	50x
Pacifica ENA	+0.0100%	1h	0.2168	−0.344%	$407K	$532K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ENAUSDT	+0.0100%	4h	0.2168	−0.368%	$131.2M	$427.0M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2168	−0.345%	$87.3M	$179.8M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2168	−0.358%	$21.7M	$109.6M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2173	−0.129%	$21K	$327K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2170	−0.267%	$80K	$281K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2172	−0.178%	$95K	$511	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2169	−0.299%	$11.5M	$24.9M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2167	−0.400%	$48.4M	$42.3M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2169	−0.322%	$25.3M	$15.7M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2168	−0.345%	$49.3M	$59.4M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2171	−0.234%	—	$31.4M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2168	−0.338%	$3.1M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2172	−0.186%	$256K	$7.0M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2172	−0.189%	$363K	$5.0M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2178	+0.101%	$20K	$650K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2170	−0.257%	$192K	$2.5M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2117	−2.712%	$932	$893K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2169	−0.313%	$4K	$7K	10x	as long as short
HTX ENA-USDTlong	+0.0100%	4h	0.2176	long leg	$272K	$806K	50x
Phemex ENAUSDT	+0.0100%	4h	0.2170	−0.267%	$1.8M	$8.9M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2167	−0.390%	$49K	$110	10x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2170	−0.246%	$1.6M	$4.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2169	−0.312%	$76K	$4K	3x	as long as short
Phoenix ENA	+0.0153%	1h	0.2175	−0.028%	$8K	$278K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0158%	1h	0.2171	−0.219%	$2.7M	$4.3M	50x	as long as short
dYdX ENA-USD	+0.0191%	1h	0.2168	−0.378%	$143K	$16K	5x	as long as short
Lighter ENA	+0.0224%	1h	0.2170	−0.271%	$5.2M	$13.5M	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0310% / S −0.0753%	1h	0.2170	−0.285%	$60K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2169	−0.303%	$5.7M	$3.2M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2169	−0.327%	$1K	$5K	15x	as long as short
Backpack ENA_USDC_PERP	+0.0499%	1h	0.2169	−0.331%	$397K	$423K	5x	as long as short
Coinbase International ENA-PERP-INTX	+0.0704%	1h	0.2178	+0.083%	$894K	$1.8M	50x	as long as short