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 +0.037%

Price spread now: Aster against OKX+0.037%7-day average +0.064% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$450.448% of the position

Long on OKX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.186%+$19 on $10k

Price spread, last 7 days+0.016%+$2 · spread now +0.037%, 7d avg +0.064%

Together, before fees+0.202%+ 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 0.027% cheaper against OKX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.064%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ENA-USDT-SWAP	0.2095	0.0100	pay 0.0050% / 4h	23m 56s	$20.9M	$106.5M	50x
Short	Aster ENAUSDT	0.2095	0.0100	get 0.0050% / 4h	23m 56s	$1.4M	$3.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against OKX. 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 OKXbpFee AsterbpOrdersPrice spread, now +0.037%Rate

Funding earned: $0
Price spread: +0.037% → +0.064%: −$2.7
Slippage, 4 orders: −$26.84
Fee OKX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$47.53
Costs to cover: 0.448%
Break-even: never at this rate

Slippage from OKX: 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 OKX live order book, 5 min ago	0.24 bp	10.9 bp −$11	22.7 bp −$227	doesn't fit	doesn't fit
Sell Aster live order book, 5 min ago	1.67 bp	10.1 bp −$10	19.2 bp −$192	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	−0.0092%	4h	0.2094	−0.038%	$43K	$17K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2094	−0.005%	$54K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2093	−0.060%	$81K	—	150x	as long as short
01 Exchange ENAUSD	+0.0024%	1h	0.2092	−0.119%	$4K	$277	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+1.375%	$522	$57K	5.5x	as long as short
Lighter ENA	+0.0096%	1h	0.2096	+0.072%	$4.9M	$13.9M	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2092	−0.124%	$52K	$484K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2091	−0.148%	$47K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2092	−0.141%	$559K	$1.8M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2096	+0.076%	$113.7M	$74.7M	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	0.2095	+0.037%	$1.4M	$3.3M	50x
Pacifica ENA	+0.0100%	1h	0.2092	−0.145%	$403K	$563K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2094	−0.012%	$127.5M	$425.6M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2093	−0.072%	$89.9M	$187.5M	50x	as long as short
OKX ENA-USDT-SWAPlong	+0.0100%	4h	0.2095	long leg	$20.9M	$106.5M	50x
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2096	+0.067%	$38K	$321K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2093	−0.076%	$77K	$283K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2095	+0.015%	$91K	$511	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2094	−0.005%	$12.7M	$27.2M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2095	0.000%	$39.1M	$43.0M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2096	+0.048%	$24.7M	$15.8M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2093	−0.091%	$47.5M	$59.8M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2094	−0.053%	—	$31.4M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2096	+0.062%	$406K	$492K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2093	−0.092%	$3.0M	$9.9M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2103	+0.408%	$253K	$7.0M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2104	+0.436%	$351K	$4.8M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2095	+0.019%	$19K	$647K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2093	−0.057%	$180K	$2.6M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2043	−2.454%	$971	$908K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2094	−0.029%	$3K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2095	+0.024%	$264K	$814K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2094	−0.029%	$1.8M	$8.9M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2093	−0.079%	$1.6M	$4.4M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2094	−0.009%	$73K	$4K	3x	as long as short
Kraken Futures PF_ENAUSD	+0.0150%	1h	0.2095	+0.009%	$2.6M	$4.4M	50x	as long as short
Phoenix ENA	+0.0190%	1h	0.2096	+0.086%	$13K	$273K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0306% / S −0.0754%	1h	0.2094	−0.042%	$57K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2093	−0.067%	$5.5M	$3.4M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2093	−0.098%	$1K	—	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0656%	1h	0.2104	+0.468%	$870K	$1.8M	50x	as long as short
dYdX ENA-USD	+0.1122%	1h	0.2093	−0.096%	$138K	$16K	5x	as long as short