Funding arb · Price arb /

ENA

all ENA markets

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: edgeX against Aster−0.237%60s7-day average −0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$430.428% of the position

Long on Aster Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.115%−$12 on $10k

Price spread, last 4 days (all we have)+0.319%+$32 · spread now −0.237%, 7d avg −0.025%

Together, before fees+0.204%+ Points / potential airdropAster: Stage 5 · edgeX: Active · 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: edgeX is 0.212% cheaper against Aster than usual: you would sell low and buy high, −$21 on $10k if it goes back to its 7-day average of −0.025%. The two prices were read 60 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ENAUSDT	0.2126	0.0100	pay 0.0050% / 4h	2h 48m	$1.5M	$3.3M	50x
Short	edgeX ENAUSDC	0.2121	0.0100	get 0.0050% / 4h	2h 48m	$244K	$7.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Aster. 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 AsterbpFee edgeXbpOrdersPrice spread, now −0.237%Rate

Funding earned: $0
Price spread: −0.237% → −0.025%: −$21.22
Slippage, 4 orders: −$25.79
Fee Aster: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$64
Costs to cover: 0.428%
Break-even: never at this rate

Slippage from Aster: live order book, 5 min ago; edgeX: live order book, 1 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 Aster live order book, 5 min ago	3.53 bp	8.8 bp −$9	20.4 bp −$204	doesn't fit	doesn't fit
Sell edgeX live order book, 1 min ago	7.06 bp	11.6 bp −$12	13.1 bp −$131	45.1 bp −$4,514	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	0.2129	+0.157%	$79K	$1.6M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2131	+0.238%	$91K	—	150x	as long as short
01 Exchange ENAUSD	+0.0024%	1h	0.2119	−0.328%	$4K	$302	10x	as long as short
dYdX ENA-USD	+0.0032%	1h	0.2123	−0.141%	$140K	$15K	5x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−0.125%	$522	$57K	5.5x	as long as short
Orderly PERP_ENA_USDC	+0.0038%	4h	0.2129	+0.114%	$41K	$23K	10x	as long as short
Lighter ENA	+0.0096%	1h	0.2126	+0.006%	$5.5M	$13.6M	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2118	−0.379%	$52K	$526K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2116	−0.455%	$698K	$1.8M	10x	as long as short
Aster ENAUSDTlong	+0.0100%	4h	0.2126	long leg	$1.5M	$3.3M	50x

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ENA	+0.0100%	1h	0.2122	−0.188%	$416K	$548K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2118	−0.384%	$131.8M	$444.6M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2116	−0.455%	$86.7M	$186.7M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2118	−0.384%	$21.1M	$108.7M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2124	−0.074%	$17K	$408K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2120	−0.285%	$115K	$253K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2127	+0.060%	$93K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2120	−0.276%	$10.7M	$20.7M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2120	−0.304%	$44.7M	$43.6M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2124	−0.083%	$24.5M	$16.4M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2114	−0.568%	$47.9M	$61.0M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2118	−0.394%	—	$32.6M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2129	+0.124%	$368K	$383K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2125	−0.040%	$3.8M	$10.1M	—	as long as short
edgeX ENAUSDCshort	+0.0100%	4h	0.2121	−0.237%	$244K	$7.5M	20x
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2124	−0.091%	$356K	$4.8M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2126	−0.003%	$32K	$690K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2118	−0.365%	$178K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2077	−2.299%	$1K	$844K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2129	+0.138%	$4K	$10K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2134	+0.392%	$275K	$1.0M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2129	+0.138%	$1.9M	$9.4M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2118	−0.387%	$47K	$110	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2129	+0.159%	$75K	$4K	3x	as long as short
Phoenix ENA	+0.0188%	1h	0.2127	+0.044%	$7K	$351K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0250%	1h	0.2130	+0.162%	$2.7M	$4.9M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0251% / S −0.0206%	1h	0.2131	+0.212%	$51K	—	100x	as long as short
Extended ENA-USD	+0.0304%	1h	0.2117	−0.434%	$1.6M	$4.2M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2132	+0.298%	$5.7M	$2.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2114	−0.583%	$1K	$5K	15x	as long as short
Hyperliquid ENA	+0.0479%	1h	0.2117	−0.427%	$114.0M	$74.4M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0648%	1h	0.2131	+0.251%	$837K	$1.8M	50x	as long as short