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 KuCoin+0.084%7-day average +0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$490.494% of the position

Long on KuCoin Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.171%+$17 on $10k

Price spread, last 7 days−0.041%−$4 · spread now +0.084%, 7d avg +0.048%

Together, before fees+0.130%+ Points / potential airdropAster: Stage 5 · farm board+$13 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 0.035% dearer against KuCoin than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.048%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ENAUSDTM	0.2143	0.0100	pay 0.0050% / 4h	2h 21m	$25.0M	$15.6M	75x
Short	Aster ENAUSDT	0.2145	0.0100	get 0.0050% / 4h	2h 21m	$1.5M	$3.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against KuCoin. 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 KuCoinbpFee AsterbpOrdersPrice spread, now +0.084%Rate

Funding earned: $0
Price spread: +0.084% → +0.048%: $3.55
Slippage, 4 orders: −$29.43
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$45.88
Costs to cover: 0.494%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Aster: live order book, 2 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 KuCoin live order book, 2 min ago	0.94 bp	16.4 bp −$16	38.9 bp −$389	doesn't fit	doesn't fit
Sell Aster live order book, 2 min ago	1.41 bp	11.1 bp −$11	24.3 bp −$243	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	−0.0139%	4h	0.2135	−0.359%	$44K	$26K	10x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2136	−0.331%	$83K	—	150x	as long as short
Deribit ENA_USDC-PERPETUAL	+0.0031%	1h	0.2136	−0.322%	$69K	$1.1M	50x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−0.924%	$522	$57K	5.5x	as long as short
01 Exchange ENAUSD	+0.0048%	1h	0.2147	+0.177%	$4K	$277	10x	as long as short
Gate ENA_USDT	+0.0080%	4h	0.2145	+0.070%	$11.3M	$24.1M	50x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2145	+0.084%	$59K	$467K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2144	+0.036%	$48K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2144	+0.035%	$664K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2145	+0.070%	$116.7M	$74.6M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ENAUSDTshort	+0.0100%	4h	0.2145	+0.084%	$1.5M	$3.2M	50x
Pacifica ENA	+0.0100%	1h	0.2145	+0.084%	$402K	$525K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2145	+0.084%	$130.0M	$419.9M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2145	+0.065%	$86.4M	$176.2M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2144	+0.056%	$21.5M	$106.1M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2141	−0.117%	$21K	$327K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2146	+0.131%	$80K	$278K	10x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2145	+0.103%	$46.9M	$41.4M	200x	as long as short
KuCoin ENAUSDTMlong	+0.0100%	4h	0.2143	long leg	$25.0M	$15.6M	75x
Bitget ENAUSDT	+0.0100%	4h	0.2143	0.000%	$48.7M	$58.1M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2145	+0.103%	—	$31.2M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2102	−1.922%	$3.0M	$10.0M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2121	−1.017%	$243K	$6.9M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2126	−0.803%	$356K	$5.0M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2127	−0.756%	$19K	$651K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2146	+0.112%	$190K	$2.5M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2086	−2.688%	$994	$874K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2137	−0.289%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2146	+0.140%	$270K	$796K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2141	−0.103%	$1.8M	$8.9M	50x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2132	−0.546%	$94K	−$0	10x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2145	+0.086%	$1.6M	$4.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2136	−0.346%	$75K	$4K	3x	as long as short
Phoenix ENA	+0.0153%	1h	0.2103	−1.862%	$8K	$278K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0161%	1h	0.2138	−0.256%	$2.6M	$4.3M	50x	as long as short
Lighter ENA	+0.0256%	1h	0.2146	+0.117%	$5.3M	$13.1M	10x	as long as short
dYdX ENA-USD	+0.0272%	1h	0.2144	+0.031%	$142K	$16K	5x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0308% / S −0.0753%	1h	0.2136	−0.343%	$59K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2126	−0.789%	$5.6M	$3.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2143	−0.012%	$1K	$5K	15x	as long as short
Backpack ENA_USDC_PERP	+0.0607%	1h	0.2143	−0.028%	$360K	$401K	5x	as long as short
Coinbase International ENA-PERP-INTX	+0.0704%	1h	0.2137	−0.299%	$875K	$1.7M	50x	as long as short