Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0004%/8hpaid last 24h +0.077%

Price spread now: Aster against Aevo+0.019%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.110%+$11 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo ENA-PERP	0.2130	0.0104	pay 0.0013% / 1h	11m 11s	$78K	$11K	3x
Short	Aster ENAUSDT	0.2131	0.0100	get 0.0050% / 4h	11m 11s	$1.6M	$3.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Aevo. 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 AevobpFee AsterbpOrdersPrice spread, now +0.019%Rate

Funding earned: −$0.84
Price spread: +0.019% → 0.000%: $1.88
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Aster: 4 bp × 2 orders: −$8
Net: −$22.96
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Aster: live order book, 2 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 Aevo no order-book sample	—	—	—	—	—
Sell Aster live order book, 2 min ago	2.58 bp	9.0 bp −$9	17.5 bp −$175	doesn't fit	doesn't fit

Aevo: 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 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	−0.0273%	1h	0.2130	−0.047%	$367K	$494K	5x	as long as short
Injective ENA/USDC PERP	−0.0223%	1h	0.2123	−0.333%	$522	$57K	5.5x	as long as short
Kraken Futures PF_ENAUSD	−0.0223%	1h	0.2130	−0.034%	$2.7M	$6.1M	50x	as long as short
Orderly PERP_ENA_USDC	−0.0140%	4h	0.2129	−0.080%	$42K	$22K	10x	as long as short
01 Exchange ENAUSD	−0.0040%	1h	0.2131	+0.028%	$4K	$432	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2130	−0.009%	$95K	$1.9M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2130	−0.001%	$98K	—	150x	as long as short
Phemex ENAUSDT	+0.0035%	4h	0.2129	−0.070%	$1.9M	$9.4M	50x	as long as short
Phoenix ENA	+0.0076%	1h	0.2127	−0.164%	$6K	$392K	10x	as long as short
Bitget ENAUSDT	+0.0084%	4h	0.2128	−0.108%	$48.6M	$66.9M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex ENAUSDT	+0.0096%	1h	0.2129	−0.070%	$59K	$563K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2129	−0.055%	$48K	$221	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2131	+0.001%	$655K	$1.9M	10x	as long as short
Aster ENAUSDTshort	+0.0100%	4h	0.2131	+0.019%	$1.6M	$3.3M	50x
Pacifica ENA	+0.0100%	1h	0.2130	0.000%	$409K	$620K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2128	−0.101%	$131.5M	$476.9M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2129	−0.080%	$90.3M	$198.2M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2130	−0.038%	$20.4M	$120.3M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2125	−0.272%	$19K	$474K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2130	−0.023%	$85K	$216K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2129	−0.070%	$10.6M	$23.6M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2129	−0.061%	$45.7M	$53.7M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2130	0.000%	$23.7M	$16.9M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2129	−0.066%	—	$33.1M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2124	−0.299%	$3.7M	$9.9M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2129	−0.057%	$254K	$8.1M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2126	−0.213%	$363K	$4.5M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2131	+0.023%	$31K	$719K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2130	−0.009%	$198K	$3.2M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2078	−2.464%	$1K	$786K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2129	−0.070%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2133	+0.099%	$275K	$1.7M	50x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2127	−0.164%	$89K	$1K	10x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2128	−0.096%	$1.7M	$4.2M	50x	as long as short
Aevo ENA-PERPlong	+0.0104%	1h	0.2130	long leg	$78K	$11K	3x
Hyperliquid ENA	+0.0167%	1h	0.2133	+0.136%	$113.5M	$80.3M	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0171% / S −0.0238%	1h	0.2130	−0.007%	$38K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2129	−0.075%	$5.7M	$8.4M	75x	as long as short
Lighter ENA	+0.0392%	1h	0.2132	+0.075%	$5.9M	$13.9M	10x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2129	−0.079%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0536%	1h	0.2130	−0.005%	$814K	$2.4M	50x	as long as short
dYdX ENA-USD	+0.6137%	1h	0.2130	−0.012%	$141K	$12K	5x	as long as short