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 −0.054%

Price spread now: Binance against Aster+0.044%7-day average −0.049% · you sell dearer than you buy

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$390.388% of the position

Long on Aster Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.142%−$14 on $10k

Price spread, last 7 days−0.017%−$2 · spread now +0.044%, 7d avg −0.049%

Together, before fees−0.159%+ Points / potential airdropAster: Stage 5 · farm board−$16 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: Binance is 0.093% dearer against Aster than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ENAUSDT	0.2118	0.0100	pay 0.0050% / 4h	1h 35m	$1.5M	$3.0M	50x
Short	Binance ENAUSDT	0.2119	0.0100	get 0.0050% / 4h	1h 35m	$130.1M	$420.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.044%Rate

Funding earned: $0
Price spread: +0.044% → −0.049%: $9.25
Slippage, 4 orders: −$20.84
Fee Aster: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$29.59
Costs to cover: 0.388%
Break-even: never at this rate

Slippage from Aster: live order book, 3 min ago; Binance: live order book, 9 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, 3 min ago	4.51 bp	9.4 bp −$9	22.3 bp −$223	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	0.24 bp	9.5 bp −$10	19.0 bp −$190	54.4 bp −$5,440	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	−0.0003%	4h	0.2116	−0.097%	$44K	$26K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2118	−0.007%	$79K	$1.3M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2117	−0.049%	$82K	—	150x	as long as short
01 Exchange ENAUSD	+0.0008%	1h	0.2116	−0.125%	$4K	$302	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.238%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2115	−0.158%	$55K	$497K	50x	as long as short
dYdX ENA-USD	+0.0099%	1h	0.2113	−0.239%	$140K	$15K	5x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2115	−0.163%	$683K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2121	+0.116%	$114.0M	$71.3M	10x	as long as short
Aster ENAUSDTlong	+0.0100%	4h	0.2118	long leg	$1.5M	$3.0M	50x

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ENA	+0.0100%	1h	0.2114	−0.187%	$413K	$511K	10x	as long as short
Binance ENAUSDTshort	+0.0100%	4h	0.2119	+0.044%	$130.1M	$420.8M	75x
Bybit ENAUSDT	+0.0100%	4h	0.2119	+0.021%	$86.9M	$175.5M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2119	+0.045%	$20.8M	$103.0M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2106	−0.592%	$19K	$359K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2115	−0.158%	$78K	$288K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2115	−0.158%	$93K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2119	+0.031%	$11.1M	$21.3M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2119	+0.040%	$45.6M	$41.8M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2119	+0.007%	$24.7M	$15.7M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2117	−0.078%	$48.2M	$57.8M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2119	+0.031%	—	$6.5M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2120	+0.078%	$375K	$364K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2113	−0.260%	$3.4M	$10.2M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2106	−0.565%	$243K	$7.3M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2110	−0.398%	$354K	$4.8M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2111	−0.347%	$32K	$648K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2117	−0.073%	$184K	$2.3M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2064	−2.547%	$1K	$840K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2118	−0.017%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2122	+0.196%	$277K	$780K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2120	+0.078%	$1.9M	$8.9M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2115	−0.180%	$47K	$110	10x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2117	−0.079%	$1.6M	$4.1M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2118	−0.037%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0150%	1h	0.2107	−0.531%	$8K	$298K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0251% / S −0.0206%	1h	0.2118	−0.030%	$50K	—	100x	as long as short
Kraken Futures PF_ENAUSD	+0.0284%	1h	0.2119	+0.050%	$2.7M	$4.3M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2118	−0.007%	$5.6M	$3.1M	75x	as long as short
Lighter ENA	+0.0376%	1h	0.2121	+0.144%	$5.5M	$13.6M	10x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2117	−0.074%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0664%	1h	0.2114	−0.220%	$831K	$1.5M	50x	as long as short