Funding arb · Price arb /

ENA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.036%

Price spread now: Aster against Polymarket Perps−0.022%7-day average +0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs+$1as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$340.341% of the position

Long on Polymarket Perps Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.353%+$35 on $10k

Price spread, last 7 days−0.036%−$4 · spread now −0.022%, 7d avg +0.037%

Together, before fees+0.316%+ Points / potential airdropAster: Stage 5 · farm board+$32 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 0.059% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps ENA-USD	0.2102	0.0100	pay 0.0013% / 1h	33m 17s	$191K	$2.4M	10x
Short	Aster ENAUSDT	0.2102	0.0100	get 0.0050% / 4h	3h 33m	$1.4M	$3.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Polymarket Perps. 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 Polymarket PerpsbpFee AsterbpOrdersPrice spread, now −0.022%Rate

Funding earned: $0
Price spread: −0.022% → +0.037%: −$5.89
Slippage, 4 orders: −$18.14
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$40.03
Costs to cover: 0.341%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 6 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 Polymarket Perps live order book, 6 min ago	2.62 bp	6.6 bp −$7	7.1 bp −$71	13921.7 bp −$1.39M	doesn't fit
Sell Aster live order book, 5 min ago	2.86 bp	12.2 bp −$12	23.7 bp −$237	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
Backpack ENA_USDC_PERP	−0.0146%	1h	0.2098	−0.200%	$358K	$403K	5x	as long as short
Orderly PERP_ENA_USDC	−0.0095%	4h	0.2101	−0.067%	$44K	$26K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2102	−0.010%	$73K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2101	−0.051%	$81K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+1.008%	$522	$57K	5.5x	as long as short
01 Exchange ENAUSD	+0.0056%	1h	0.2102	0.000%	$4K	$277	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2101	−0.057%	$56K	$465K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2099	−0.144%	$47K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2101	−0.059%	$654K	$1.7M	10x	as long as short
Aster ENAUSDTshort	+0.0100%	4h	0.2102	−0.022%	$1.4M	$3.2M	50x

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ENA	+0.0100%	1h	0.2099	−0.144%	$400K	$513K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2101	−0.035%	$127.5M	$414.3M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2101	−0.038%	$85.1M	$174.6M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2102	0.000%	$20.9M	$103.3M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2098	−0.181%	$22K	$332K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2101	−0.057%	$78K	$276K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2098	−0.200%	$92K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2101	−0.057%	$11.1M	$22.4M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2101	−0.052%	$45.6M	$41.0M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2102	0.000%	$24.9M	$15.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2100	−0.114%	$47.7M	$57.7M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2101	−0.052%	—	$31.7M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2095	−0.362%	$3.0M	$10.0M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2096	−0.305%	$240K	$6.9M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2097	−0.233%	$352K	$5.0M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2102	−0.010%	$20K	$650K	50x	as long as short
Polymarket Perps ENA-USDlong	+0.0100%	1h	0.2102	long leg	$191K	$2.4M	10x
SunX ENA-USDT	+0.0100%	4h	0.2049	−2.526%	$1K	$852K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2101	−0.057%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2102	+0.014%	$272K	$790K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2101	−0.057%	$1.7M	$8.9M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2100	−0.083%	$1.6M	$4.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2102	−0.027%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0113%	1h	0.2095	−0.319%	$8K	$274K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0174%	1h	0.2103	+0.026%	$2.6M	$4.3M	50x	as long as short
Lighter ENA	+0.0208%	1h	0.2103	+0.052%	$5.2M	$13.2M	10x	as long as short
Hyperliquid ENA	+0.0272%	1h	0.2104	+0.062%	$114.3M	$74.0M	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0305% / S −0.0358%	1h	0.2101	−0.042%	$70K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2102	−0.014%	$5.5M	$3.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2101	−0.072%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0656%	1h	0.2103	+0.048%	$859K	$1.7M	50x	as long as short
dYdX ENA-USD	+0.1038%	1h	0.2098	−0.218%	$139K	$15K	5x	as long as short