ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0606%/8h= −66.4% APRnext payment −$3.03 per $10,000 · paid last 24h −0.039%

Price spread now: Bybit against Aster−0.103%7-day average −0.083% · you buy dearer than you sell

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$400.400% of the position

Long on Aster Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.183%−$18 on $10k

Price spread, last 7 days+0.070%+$7 · spread now −0.103%, 7d avg −0.083%

Together, before fees−0.113%+ Points / potential airdropAster: Stage 5 · farm board−$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and Bybit is 0.020% cheaper against Aster than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.083%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.183% in total (about -9.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.03 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ENAUSDT	0.2133	0.0100	pay 0.0050% / 4h	3h 58m	$1.4M	$3.3M	50x
Short	Bybit ENAUSDT	0.2131	−0.0506	pay 0.0253% / 4h	3h 58m	$89.4M	$191.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.103%Rate

Funding earned: −$127.34
Price spread: −0.103% → −0.083%: −$2
Slippage, 4 orders: −$21.02
Fee Aster: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$169.36
Costs to cover: 0.400%
Break-even: never at this rate

Slippage from Aster: live order book, 5 min ago; Bybit: 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 Aster live order book, 5 min ago	2.13 bp	7.2 bp −$7	14.0 bp −$140	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	0.23 bp	9.3 bp −$9	16.7 bp −$167	58.8 bp −$5,877	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
Phemex ENAUSDT	−0.2759%	4h	0.2131	−0.089%	$1.9M	$9.0M	50x	as long as short
Bybit ENAUSDTshort	−0.0506%	4h	0.2131	−0.103%	$89.4M	$191.7M	50x
Orderly PERP_ENA_USDC	−0.0082%	4h	0.2132	−0.019%	$44K	$17K	10x	as long as short
01 Exchange ENAUSD	−0.0048%	1h	0.2127	−0.296%	$4K	$277	10x	as long as short
dYdX ENA-USD	0.0000%	1h	0.2126	−0.325%	$140K	$16K	5x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2133	−0.010%	$76K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2132	−0.020%	$82K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−0.446%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2126	−0.324%	$54K	$486K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2127	−0.292%	$571K	$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	0.2132	−0.028%	$115.7M	$75.0M	10x	as long as short
Aster ENAUSDTlong	+0.0100%	4h	0.2133	long leg	$1.4M	$3.3M	50x
Pacifica ENA	+0.0100%	1h	0.2126	−0.306%	$410K	$564K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2132	−0.040%	$129.7M	$426.7M	75x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2132	−0.042%	$21.3M	$108.6M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2127	−0.253%	$33K	$313K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2127	−0.277%	$79K	$281K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2127	−0.300%	$93K	$511	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2132	−0.052%	$13.4M	$26.6M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2133	−0.010%	$39.5M	$42.4M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2133	−0.010%	$25.1M	$15.9M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2130	−0.127%	$48.3M	$60.3M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2132	−0.066%	—	$31.4M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2127	−0.274%	$3.1M	$9.9M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2114	−0.873%	$255K	$7.0M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2128	−0.224%	$360K	$4.7M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2115	−0.839%	$19K	$645K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2127	−0.277%	$175K	$2.7M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2077	−2.640%	$1K	$912K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2133	+0.005%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2134	+0.070%	$268K	$807K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2126	−0.304%	$48K	$110	10x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2132	−0.061%	$1.6M	$4.4M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2132	−0.055%	$75K	$4K	3x	as long as short
Lighter ENA	+0.0128%	1h	0.2132	−0.019%	$5.0M	$12.5M	10x	as long as short
Backpack ENA_USDC_PERP	+0.0160%	1h	0.2133	−0.005%	$413K	$483K	5x	as long as short
Phoenix ENA	+0.0190%	1h	0.2129	−0.164%	$13K	$260K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0196%	1h	0.2133	+0.023%	$2.6M	$4.4M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0307% / S −0.0754%	1h	0.2132	−0.028%	$58K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2123	−0.446%	$5.6M	$3.4M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2125	−0.385%	$1K	—	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0544%	1h	0.2129	−0.188%	$800K	$2.0M	50x	as long as short