Funding arb · Price arb /

ENA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.054%

Price spread now: Aster against MEXC+0.102%7-day average +0.073% · you sell dearer than you buy

Net, funding: paid 7d − costs−$11as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$250.249% of the position

Long on MEXC Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.143%+$14 on $10k

Price spread, last 4 days (all we have)+0.054%+$5 · spread now +0.102%, 7d avg +0.073%

Together, before fees+0.197%+ Points / potential airdropAster: Stage 5 · farm board+$20 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 0.029% dearer against MEXC than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.073%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ENA_USDT	0.2149	0.0100	pay 0.0050% / 4h	3h 18m	$45.9M	$44.7M	200x
Short	Aster ENAUSDT	0.2152	0.0100	get 0.0050% / 4h	3h 18m	$1.6M	$3.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against MEXC. 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 MEXCbpFee AsterbpOrdersPrice spread, now +0.102%Rate

Funding earned: $0
Price spread: +0.102% → +0.073%: $2.86
Slippage, 4 orders: −$16.86
Fee MEXC: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$22.01
Costs to cover: 0.249%
Break-even: never at this rate

Slippage from MEXC: 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 MEXC live order book, 5 min ago	0.23 bp	2.2 bp −$2	7.8 bp −$78	43.6 bp −$4,358	72.6 bp −$36.3K
Sell Aster live order book, 5 min ago	3.03 bp	9.0 bp −$9	17.1 bp −$171	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
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2156	+0.307%	$80K	$1.7M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0004%	1h	0.2157	+0.354%	$106K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−1.210%	$522	$57K	5.5x	as long as short
Orderly PERP_ENA_USDC	+0.0034%	4h	0.2155	+0.279%	$42K	$23K	10x	as long as short
dYdX ENA-USD	+0.0035%	1h	0.2151	+0.071%	$142K	$15K	5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2150	+0.028%	$63K	$518K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2151	+0.072%	$712K	$1.8M	10x	as long as short
Aster ENAUSDTshort	+0.0100%	4h	0.2152	+0.102%	$1.6M	$3.3M	50x
Pacifica ENA	+0.0100%	1h	0.2150	+0.014%	$423K	$553K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2151	+0.079%	$134.1M	$443.0M	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	0.2151	+0.070%	$88.7M	$187.4M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2151	+0.093%	$21.1M	$110.3M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2145	−0.191%	$16K	$411K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2152	+0.121%	$107K	$242K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2150	+0.032%	$94K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2150	+0.005%	$11.0M	$21.3M	50x	as long as short
MEXC ENA_USDTlong	+0.0100%	4h	0.2149	long leg	$45.9M	$44.7M	200x
KuCoin ENAUSDTM	+0.0100%	4h	0.2151	+0.060%	$24.7M	$16.5M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2151	+0.056%	$48.8M	$61.4M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2149	−0.009%	—	$6.5M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2153	+0.177%	$383K	$410K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2144	−0.228%	$3.9M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2144	−0.233%	$248K	$7.5M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2145	−0.220%	$357K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2146	−0.158%	$33K	$688K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2153	+0.158%	$180K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2101	−2.233%	$1K	$832K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2153	+0.167%	$4K	$10K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2158	+0.400%	$281K	$1.1M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2151	+0.074%	$2.0M	$9.4M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2149	−0.028%	$48K	$110	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2156	+0.292%	$75K	$4K	3x	as long as short
Phoenix ENA	+0.0150%	1h	0.2147	−0.093%	$8K	$347K	10x	as long as short
01 Exchange ENAUSD	+0.0184%	1h	0.2152	+0.130%	$4K	$302	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0232%	1h	0.2155	+0.246%	$2.7M	$5.1M	50x	as long as short
Extended ENA-USD	+0.0320%	1h	0.2149	−0.010%	$1.6M	$4.2M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0334% / S −0.0430%	1h	0.2158	+0.407%	$81K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2151	+0.093%	$5.7M	$2.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2152	+0.122%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0608%	1h	0.2162	+0.568%	$856K	$1.8M	50x	as long as short
Lighter ENA	+0.0696%	1h	0.2153	+0.149%	$5.7M	$12.7M	10x	as long as short
Hyperliquid ENA	+0.0769%	1h	0.2155	+0.279%	$117.1M	$74.5M	10x	as long as short