Funding arb · Price arb /

ENA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.018%

Price spread now: Ondo Perps against Aster+0.115%7-day average −0.032% · you sell dearer than you buy

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

Long on Aster Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.126%−$13 on $10k

Price spread, last 4 days (all we have)−0.600%−$60 · spread now +0.115%, 7d avg −0.032%

Together, before fees−0.726%+ Points / potential airdropAster: Stage 5 · Ondo Perps: Active · farm board−$73 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: Ondo Perps is 0.147% dearer against Aster than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ENAUSDT	0.2113	0.0100	pay 0.0050% / 4h	1h 56m	$1.3M	$3.2M	50x
Short	Ondo Perps ENA-USD.P	0.2115	0.0100	get 0.0013% / 1h	56m 09s	$27K	$333K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Aster. 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 AsterbpFee Ondo PerpsbpOrdersPrice spread, now +0.115%Rate

Funding earned: $0
Price spread: +0.115% → −0.032%: $14.73
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $1.73
Costs to cover: 0.130%
Break-even: from the start

Slippage unknown: Aster: live order book, 6 min ago; Ondo Perps: no order-book sample. 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 Aster live order book, 6 min ago	2.61 bp	11.2 bp −$11	23.5 bp −$235	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ENA on 42 exchanges

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	−0.0181%	4h	0.2110	−0.136%	$44K	$14K	10x	as long as short
01 Exchange ENAUSD	−0.0176%	1h	0.2111	−0.107%	$4K	$60	10x	as long as short
Kraken Futures PF_ENAUSD	−0.0132%	1h	0.2112	−0.054%	$2.6M	$4.1M	50x	as long as short
Bitget ENAUSDT	−0.0042%	4h	0.2109	−0.197%	$47.5M	$56.7M	75x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2112	−0.065%	$105K	$1.2M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2113	+0.005%	$81K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2122	+0.423%	$734	$57K	5.5x	as long as short
Lighter ENA	+0.0096%	1h	0.2113	+0.011%	$4.9M	$12.4M	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2110	−0.141%	$57K	$389K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2111	−0.098%	$47K	—	10x	as long as short

Show all 42 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado ENA-PERP	+0.0100%	1h	0.2111	−0.103%	$586K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2111	−0.103%	$113.9M	$78.5M	10x	as long as short
Aster ENAUSDTlong	+0.0100%	4h	0.2113	long leg	$1.3M	$3.2M	50x
Pacifica ENA	+0.0100%	1h	0.2112	−0.056%	$389K	$527K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2112	−0.051%	$127.0M	$408.7M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2111	−0.079%	$86.7M	$185.6M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2110	−0.122%	$20.9M	$100.9M	50x	as long as short
Ondo Perps ENA-USD.Pshort	+0.0100%	1h	0.2115	+0.115%	$27K	$333K	5x
Arcus ENA-USD	+0.0100%	1h	0.2112	−0.046%	$79K	$236K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2112	−0.047%	$103K	$11K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2111	−0.074%	$13.7M	$26.5M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2112	−0.051%	$42.4M	$40.6M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2113	−0.018%	$25.0M	$15.7M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2111	−0.093%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2105	−0.398%	$3.0M	$8.0M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2105	−0.398%	$244K	$6.9M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2115	+0.096%	$362K	$4.4M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2116	+0.143%	$19K	$646K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2111	−0.112%	$167K	$2.6M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2060	−2.521%	$1K	$919K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2110	−0.141%	$6K	$5K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2123	+0.479%	$266K	$782K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2110	−0.141%	$1.9M	$8.9M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2110	−0.140%	$1.6M	$4.8M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2112	−0.070%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0112%	1h	0.2115	+0.096%	$13K	$278K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0306% / S −0.0756%	1h	0.2112	−0.038%	$58K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2113	−0.018%	$5.5M	$3.3M	75x	as long as short
Reya ENARUSDPERP	+0.0411%	1h	0.2111	−0.094%	$1K	—	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0480%	1h	0.2113	+0.011%	$778K	$1.9M	50x	as long as short
dYdX ENA-USD	+0.0600%	1h	0.2112	−0.025%	$140K	$15K	5x	as long as short
Backpack ENA_USDC_PERP	+0.0615%	1h	0.2112	−0.055%	$406K	$474K	5x	as long as short