Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0070%/8h= +7.7% APRpaid last 24h −0.629%

Price spread now: Aster against dYdX+0.029%7-day average +0.078% · you sell dearer than you buy

Net, funding: paid 7d − costs−$208as in the Funding arb table

Net, price: spread back to 7d avg − costs−$120as in the Price arb table

costs, in and out, $10k−$1151.153% of the position

Long on dYdX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.925%−$92 on $10k

Price spread, last 4 days (all we have)+0.013%+$1 · spread now +0.029%, 7d avg +0.078%

Together, before fees−0.912%+ Points / potential airdropAster: Stage 5 · farm board−$91 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.049% cheaper against dYdX than usual: you would sell low and buy high (spread +0.029% now, against its 7-day average of +0.078%). If the spread goes back, that is −$5 on $10k: about 2.3 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.925%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ENA-USD	0.2116	0.0030	pay 0.0004% / 1h	47m 13s	$140K	$15K	5x
Short	Aster ENAUSDT	0.2116	0.0100	get 0.0050% / 4h	2h 47m	$1.5M	$3.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against dYdX. 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 dYdXbpFee AsterbpOrdersPrice spread, now +0.029%Rate

Funding earned: $14.75
Price spread: +0.029% → +0.078%: −$4.88
Slippage, 4 orders: −$97.25
Fee dYdX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$105.38
Costs to cover: 1.153%
Break-even: 57.0 days

Slippage from dYdX: live order book, 22 min ago; Aster: 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 dYdX live order book, 22 min ago	39.28 bp	44.3 bp −$44	294.9 bp −$2,949	882.2 bp −$88.2K	1645.9 bp −$823.0K
Sell Aster live order book, 1 min ago	3.31 bp	10.5 bp −$10	20.3 bp −$203	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
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2115	−0.042%	$79K	$1.6M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2116	+0.018%	$91K	—	150x	as long as short
01 Exchange ENAUSD	+0.0024%	1h	0.2117	+0.081%	$4K	$302	10x	as long as short
dYdX ENA-USDlong	+0.0030%	1h	0.2116	long leg	$140K	$15K	5x
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.369%	$522	$57K	5.5x	as long as short
Orderly PERP_ENA_USDC	+0.0038%	4h	0.2114	−0.071%	$41K	$23K	10x	as long as short
Lighter ENA	+0.0096%	1h	0.2118	+0.123%	$5.5M	$13.6M	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2116	+0.019%	$53K	$526K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2116	+0.010%	$697K	$1.8M	10x	as long as short
Aster ENAUSDTshort	+0.0100%	4h	0.2116	+0.029%	$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	0.2116	+0.013%	$415K	$548K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2116	+0.020%	$131.7M	$444.8M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2115	−0.042%	$86.6M	$186.7M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2116	0.000%	$21.0M	$108.7M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2124	+0.421%	$17K	$408K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2117	+0.066%	$115K	$253K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2115	−0.033%	$10.7M	$20.8M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2116	+0.029%	$44.6M	$43.6M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2117	+0.076%	$24.4M	$16.4M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2113	−0.104%	$47.9M	$61.0M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2115	−0.005%	—	$6.5M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2119	+0.156%	$366K	$383K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2125	+0.455%	$3.8M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2132	+0.766%	$244K	$7.6M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2130	+0.681%	$360K	$4.8M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2131	+0.728%	$32K	$691K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2116	+0.024%	$178K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2064	−2.429%	$1K	$845K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2115	−0.028%	$4K	$10K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2118	+0.104%	$273K	$1.0M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2116	+0.019%	$1.9M	$9.4M	50x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2117	+0.055%	$93K	$4K	10x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2115	−0.028%	$47K	$110	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2114	−0.090%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0188%	1h	0.2127	+0.539%	$7K	$351K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0251% / S −0.0206%	1h	0.2116	+0.014%	$50K	—	100x	as long as short
Kraken Futures PF_ENAUSD	+0.0252%	1h	0.2116	+0.026%	$2.7M	$4.9M	50x	as long as short
Extended ENA-USD	+0.0296%	1h	0.2114	−0.084%	$1.6M	$4.2M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2132	+0.794%	$5.7M	$2.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2115	−0.046%	$1K	$5K	15x	as long as short
Hyperliquid ENA	+0.0475%	1h	0.2118	+0.114%	$114.1M	$74.4M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0648%	1h	0.2118	+0.128%	$832K	$1.7M	50x	as long as short