Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.018%

Price spread now: ApeX Omni against Aster−0.007%79s7-day average −0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$77as 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−$650.645% of the position

Long on Aster Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.121%−$12 on $10k

Price spread, last 4 days (all we have)−0.122%−$12 · spread now −0.007%, 7d avg −0.027%

Together, before fees−0.243%+ Points / potential airdropAster: Stage 5 · farm board−$24 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ENAUSDT	0.2140	0.0100	pay 0.0050% / 4h	3h 38m	$1.4M	$3.4M	50x
Short	ApeX Omni ENAUSDT	0.2140	0.0100	get 0.0013% / 1h	38m 14s	$19K	$645K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now −0.007%Rate

Funding earned: $0
Price spread: −0.007% → −0.027%: $1.99
Slippage, 4 orders: −$46.52
Fee Aster: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$62.54
Costs to cover: 0.645%
Break-even: never at this rate

Slippage from Aster: live order book, 5 min ago; ApeX Omni: live order book, 60 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	3.95 bp	8.8 bp −$9	18.0 bp −$180	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 60 min ago	11.93 bp	21.6 bp −$22	143.1 bp −$1,431	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
Orderly PERP_ENA_USDC	−0.0094%	4h	0.2139	−0.068%	$44K	$16K	10x	as long as short
01 Exchange ENAUSD	−0.0088%	1h	0.2140	+0.002%	$4K	$277	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2140	+0.007%	$76K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2140	−0.007%	$82K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−0.783%	$522	$57K	5.5x	as long as short
dYdX ENA-USD	+0.0085%	1h	0.2140	−0.018%	$141K	$16K	5x	as long as short
Lighter ENA	+0.0096%	1h	0.2142	+0.077%	$5.0M	$13.0M	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2139	−0.054%	$52K	$493K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2137	−0.144%	$48K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2140	−0.010%	$566K	$1.8M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid ENA	+0.0100%	1h	0.2141	+0.040%	$116.7M	$76.3M	10x	as long as short
Aster ENAUSDTlong	+0.0100%	4h	0.2140	long leg	$1.4M	$3.4M	50x
Pacifica ENA	+0.0100%	1h	0.2139	−0.063%	$410K	$569K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2140	−0.021%	$130.1M	$432.2M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2138	−0.082%	$88.8M	$194.4M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2140	−0.026%	$21.1M	$110.3M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2137	−0.143%	$28K	$319K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2140	−0.007%	$79K	$282K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2140	−0.007%	$93K	$511	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2139	−0.054%	$13.3M	$27.3M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2140	−0.002%	$40.9M	$43.1M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2141	+0.026%	$25.2M	$16.0M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2137	−0.143%	$48.4M	$61.4M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2139	−0.059%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2139	−0.059%	$3.1M	$9.8M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2142	+0.077%	$255K	$7.1M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2152	+0.536%	$359K	$4.8M	10x	as long as short
ApeX Omni ENAUSDTshort	+0.0100%	1h	0.2140	−0.007%	$19K	$645K	50x
Polymarket Perps ENA-USD	+0.0100%	1h	0.2142	+0.077%	$176K	$2.7M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2090	−2.348%	$1K	$928K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2139	−0.054%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2145	+0.240%	$266K	$837K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2141	+0.040%	$1.9M	$8.9M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2138	−0.086%	$1.6M	$4.6M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2140	−0.007%	$75K	$4K	3x	as long as short
Phoenix ENA	+0.0150%	1h	0.2146	+0.278%	$14K	$267K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0195%	1h	0.2139	−0.032%	$2.6M	$4.4M	50x	as long as short
Backpack ENA_USDC_PERP	+0.0261%	1h	0.2141	+0.030%	$416K	$478K	5x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0308% / S −0.0754%	1h	0.2140	−0.016%	$59K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2137	−0.152%	$5.6M	$3.5M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2140	−0.025%	$1K	—	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0544%	1h	0.2140	−0.002%	$795K	$2.0M	50x	as long as short