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 Variational Omni+0.078%7-day average +0.054% · you sell dearer than you buy

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

Long on Variational Omni Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.118%+$12 on $10k

Price spread, last 4 days (all we have)−0.236%−$24 · spread now +0.078%, 7d avg +0.054%

Together, before fees−0.118%+ Points / potential airdropVariational Omni: Active · Aster: Stage 5 · farm board−$12 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 0.024% dearer against Variational Omni than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.054%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ENA	0.2140	0.0100	pay 0.0050% / 4h	3h 30m	$3.7M	$9.9M	—
Short	Aster ENAUSDT	0.2142	0.0100	get 0.0050% / 4h	3h 30m	$1.6M	$3.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee AsterbpOrdersPrice spread, now +0.078%Rate

Funding earned: $0
Price spread: +0.078% → +0.054%: $2.38
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$5.62
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Aster: live order book, 4 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 Variational Omni RFQ quote, 5 min ago	4.69 bp	doesn't fit	18.8 bp −$188	doesn't fit	doesn't fit
Sell Aster live order book, 4 min ago	2.35 bp	9.2 bp −$9	19.1 bp −$191	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	−0.0400%	1h	0.2140	−0.020%	$368K	$492K	5x	as long as short
Phemex ENAUSDT	−0.0151%	4h	0.2139	−0.043%	$1.9M	$9.3M	50x	as long as short
Orderly PERP_ENA_USDC	−0.0121%	4h	0.2140	−0.001%	$42K	$23K	10x	as long as short
Phoenix ENA	0.0000%	1h	0.2138	−0.085%	$6K	$391K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2141	+0.046%	$95K	$1.9M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2141	+0.045%	$98K	—	150x	as long as short
Kraken Futures PF_ENAUSD	+0.0015%	1h	0.2141	+0.059%	$2.7M	$6.1M	50x	as long as short
01 Exchange ENAUSD	+0.0024%	1h	0.2147	+0.336%	$4K	$432	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−0.772%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2143	+0.144%	$58K	$551K	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex ENA-USD-PERP	+0.0100%	8h	0.2145	+0.237%	$48K	$221	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2141	+0.044%	$662K	$1.8M	10x	as long as short
Aster ENAUSDTshort	+0.0100%	4h	0.2142	+0.078%	$1.6M	$3.3M	50x
Pacifica ENA	+0.0100%	1h	0.2144	+0.193%	$412K	$611K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2138	−0.079%	$132.7M	$473.6M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2140	+0.018%	$90.9M	$196.4M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2138	−0.080%	$20.5M	$118.9M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2138	−0.085%	$20K	$452K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2146	+0.284%	$85K	$222K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2137	−0.145%	$90K	$2K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2139	−0.062%	$10.6M	$22.6M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2139	−0.024%	$46.8M	$50.5M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2141	+0.051%	$24.0M	$16.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2137	−0.113%	$48.6M	$67.1M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2138	−0.080%	—	$6.5M	—	as long as short
Variational Omni ENAlong	+0.0100%	4h	0.2140	long leg	$3.7M	$9.9M	—
edgeX ENAUSDC	+0.0100%	4h	0.2129	−0.498%	$254K	$8.0M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2130	−0.452%	$362K	$4.5M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2131	−0.417%	$31K	$714K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2144	+0.195%	$189K	$3.1M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2097	−2.024%	$1K	$795K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2140	+0.004%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2146	+0.294%	$277K	$1.7M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2140	−0.005%	$1.7M	$4.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2144	+0.184%	$79K	$11K	3x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0196% / S −0.0300%	1h	0.2140	+0.016%	$39K	—	100x	as long as short
Lighter ENA	+0.0312%	1h	0.2142	+0.116%	$5.8M	$13.5M	10x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2141	+0.032%	$5.6M	$8.4M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2140	+0.014%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0456%	1h	0.2132	−0.347%	$815K	$2.3M	50x	as long as short
Hyperliquid ENA	+0.0595%	1h	0.2142	+0.083%	$114.2M	$80.4M	10x	as long as short
dYdX ENA-USD	+0.5883%	1h	0.2144	+0.188%	$142K	$12K	5x	as long as short