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 +0.059%

Price spread now: Aster against Gate+0.179%7-day average +0.091% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$550.545% of the position

Long on Gate Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.151%+$15 on $10k

Price spread, last 4 days (all we have)−0.047%−$5 · spread now +0.179%, 7d avg +0.091%

Together, before fees+0.104%+ Points / potential airdropAster: Stage 5 · farm board+$10 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 0.088% dearer against Gate than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.091%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ENA_USDT	0.2131	0.0100	pay 0.0050% / 4h	2h 25m	$11.0M	$21.5M	50x
Short	Aster ENAUSDT	0.2135	0.0100	get 0.0050% / 4h	2h 25m	$1.5M	$3.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Gate. 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 GatebpFee AsterbpOrdersPrice spread, now +0.179%Rate

Funding earned: $0
Price spread: +0.179% → +0.091%: $8.83
Slippage, 4 orders: −$31.52
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Aster: 4 bp × 2 orders: −$8
Net: −$45.7
Costs to cover: 0.545%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; Aster: live order book, 3 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 Gate live order book, 3 min ago	7.01 bp	16.0 bp −$16	30.6 bp −$306	56.0 bp −$5,601	95.4 bp −$47.7K
Sell Aster live order book, 3 min ago	2.80 bp	8.9 bp −$9	19.3 bp −$193	doesn't fit	doesn't fit

ENA on 41 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	0.2135	+0.183%	$80K	$1.6M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2134	+0.136%	$92K	—	150x	as long as short
dYdX ENA-USD	+0.0015%	1h	0.2134	+0.150%	$141K	$15K	5x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−0.361%	$522	$57K	5.5x	as long as short
Orderly PERP_ENA_USDC	+0.0038%	4h	0.2134	+0.136%	$44K	$28K	10x	as long as short
01 Exchange ENAUSD	+0.0080%	1h	0.2135	+0.202%	$4K	$302	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2134	+0.136%	$56K	$521K	50x	as long as short
Aster ENAUSDTshort	+0.0100%	4h	0.2135	+0.179%	$1.5M	$3.3M	50x
Pacifica ENA	+0.0100%	1h	0.2135	+0.195%	$418K	$544K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2132	+0.020%	$131.9M	$445.0M	75x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ENAUSDT	+0.0100%	4h	0.2130	−0.028%	$87.5M	$187.3M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2130	−0.038%	$20.9M	$108.7M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2138	+0.310%	$19K	$413K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2135	+0.183%	$116K	$251K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2135	+0.160%	$94K	$4K	10x	as long as short
Gate ENA_USDTlong	+0.0100%	4h	0.2131	long leg	$11.0M	$21.5M	50x
MEXC ENA_USDT	+0.0100%	4h	0.2131	+0.005%	$45.4M	$44.4M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2135	+0.188%	$24.8M	$16.4M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2129	−0.080%	$48.5M	$61.3M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2131	−0.019%	—	$32.6M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2136	+0.235%	$382K	$394K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2134	+0.117%	$3.8M	$10.2M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2149	+0.842%	$247K	$7.5M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2145	+0.662%	$360K	$4.7M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2144	+0.605%	$32K	$656K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2133	+0.092%	$688K	$1.8M	10x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2135	+0.160%	$185K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2083	−2.238%	$1K	$853K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2136	+0.230%	$4K	$10K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2136	+0.230%	$275K	$877K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2134	+0.136%	$1.9M	$9.2M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2133	+0.080%	$48K	$110	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2135	+0.167%	$75K	$4K	3x	as long as short
Phoenix ENA	+0.0188%	1h	0.2147	+0.760%	$8K	$351K	10x	as long as short
Extended ENA-USD	+0.0240%	1h	0.2132	+0.049%	$1.6M	$4.2M	50x	as long as short
Kraken Futures PF_ENAUSD	+0.0250%	1h	0.2137	+0.294%	$2.7M	$4.5M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0251% / S −0.0206%	1h	0.2133	+0.097%	$51K	—	100x	as long as short
Lighter ENA	+0.0368%	1h	0.2139	+0.357%	$5.6M	$13.7M	10x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2134	+0.130%	$1K	$5K	15x	as long as short
Hyperliquid ENA	+0.0511%	1h	0.2133	+0.094%	$115.4M	$73.3M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0648%	1h	0.2140	+0.427%	$838K	$1.8M	50x	as long as short