Funding arb · Price arb /

ENA

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Aster against SunX+2.462%7-day average +2.432% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SunX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.111%+$11 on $10k

Price spread, last 3 days (all we have)−0.446%−$45 · spread now +2.462%, 7d avg +2.432%

Together, before fees−0.335%+ Points / potential airdropAster: Stage 5 · farm board−$34 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 SunX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +2.432%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ENA-USDT	0.2046	0.0100	pay 0.0050% / 4h	2h 41m	$1K	$807K	20x
Short	Aster ENAUSDT	0.2096	0.0100	get 0.0050% / 4h	2h 41m	$1.5M	$3.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against SunX. 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 SunXbpFee AsterbpOrdersPrice spread, now +2.462%Rate

Funding earned: $0
Price spread: +2.462% → +2.432%: $2.94
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$13.06
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 40 min ago; Aster: live order book, 2 min ago. Net counts fees only.

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 SunX live order book, 40 min ago	260.61 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 2 min ago	1.67 bp	13.7 bp −$14	21.4 bp −$214	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	−0.0355%	1h	0.2097	+2.498%	$361K	$486K	5x	as long as short
Orderly PERP_ENA_USDC	−0.0084%	4h	0.2095	+2.429%	$41K	$24K	10x	as long as short
01 Exchange ENAUSD	−0.0040%	1h	0.2096	+2.478%	$4K	$432	10x	as long as short
Gate ENA_USDT	−0.0022%	4h	0.2095	+2.420%	$10.4M	$21.5M	50x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2097	+2.493%	$97K	$1.9M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2096	+2.474%	$96K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+3.798%	$522	$57K	5.5x	as long as short
Phoenix ENA	+0.0076%	1h	0.2097	+2.522%	$5K	$394K	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2095	+2.410%	$59K	$541K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2095	+2.403%	$47K	$221	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado ENA-PERP	+0.0100%	1h	0.2095	+2.429%	$654K	$1.8M	10x	as long as short
Aster ENAUSDTshort	+0.0100%	4h	0.2096	+2.462%	$1.5M	$3.3M	50x
Pacifica ENA	+0.0100%	1h	0.2095	+2.426%	$402K	$587K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2096	+2.439%	$129.2M	$469.1M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2094	+2.376%	$87.7M	$193.7M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2095	+2.400%	$20.1M	$114.5M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2094	+2.346%	$19K	$433K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2096	+2.459%	$83K	$221K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2094	+2.361%	$88K	$2K	10x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2096	+2.464%	$44.9M	$48.6M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2096	+2.459%	$24.2M	$16.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2094	+2.371%	$47.4M	$66.7M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2096	+2.439%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2094	+2.364%	$3.6M	$10.2M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2093	+2.312%	$250K	$8.0M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2093	+2.305%	$356K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2092	+2.263%	$32K	$712K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2097	+2.517%	$181K	$3.0M	10x	as long as short
SunX ENA-USDTlong	+0.0100%	4h	0.2046	long leg	$1K	$807K	20x
SoDEX ENA-USD	+0.0100%	1h	0.2096	+2.459%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2099	+2.625%	$272K	$1.6M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2095	+2.410%	$1.8M	$9.3M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2095	+2.417%	$1.6M	$4.1M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2096	+2.460%	$77K	$11K	3x	as long as short
Kraken Futures PF_ENAUSD	+0.0104%	1h	0.2097	+2.510%	$2.7M	$5.8M	50x	as long as short
Lighter ENA	+0.0200%	1h	0.2099	+2.586%	$5.7M	$13.1M	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0212% / S −0.0160%	1h	0.2096	+2.471%	$50K	—	100x	as long as short
Hyperliquid ENA	+0.0306%	1h	0.2098	+2.571%	$111.5M	$80.9M	10x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2097	+2.483%	$5.6M	$8.1M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2095	+2.429%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0536%	1h	0.2101	+2.693%	$802K	$2.2M	50x	as long as short
dYdX ENA-USD	+0.9447%	1h	0.2096	+2.467%	$138K	$12K	5x	as long as short