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: HTX against Aster+0.030%7-day average +0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$95as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$830.832% of the position

Long on Aster Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.115%−$12 on $10k

Price spread, last 3 days (all we have)−0.010%−$1 · spread now +0.030%, 7d avg +0.024%

Together, before fees−0.126%+ Points / potential airdropAster: Stage 5 · farm board−$13 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ENAUSDT	0.2105	0.0100	pay 0.0050% / 4h	2h 42m	$1.5M	$3.3M	50x
Short	HTX ENA-USDT	0.2105	0.0100	get 0.0050% / 4h	2h 42m	$272K	$1.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.030%Rate

Funding earned: $0
Price spread: +0.030% → +0.024%: $0.56
Slippage, 4 orders: −$63.18
Fee Aster: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$82.63
Costs to cover: 0.832%
Break-even: never at this rate

Slippage from Aster: live order book, 1 min ago; HTX: 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, 1 min ago	3.79 bp	8.9 bp −$9	20.9 bp −$209	doesn't fit	doesn't fit
Sell HTX live order book, 1 min ago	23.16 bp	29.8 bp −$30	doesn't fit	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
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2104	−0.013%	$78K	$1.6M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2102	−0.104%	$90K	—	150x	as long as short
dYdX ENA-USD	+0.0030%	1h	0.2104	−0.040%	$139K	$15K	5x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.890%	$522	$57K	5.5x	as long as short
Orderly PERP_ENA_USDC	+0.0037%	4h	0.2104	−0.051%	$41K	$23K	10x	as long as short
01 Exchange ENAUSD	+0.0040%	1h	0.2104	−0.037%	$4K	$302	10x	as long as short
Backpack ENA_USDC_PERP	+0.0042%	1h	0.2105	+0.039%	$364K	$383K	5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2103	−0.080%	$53K	$525K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2102	−0.113%	$698K	$1.8M	10x	as long as short
Aster ENAUSDTlong	+0.0100%	4h	0.2105	long leg	$1.5M	$3.3M	50x

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ENA	+0.0100%	1h	0.2103	−0.068%	$412K	$548K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2104	−0.053%	$130.9M	$445.0M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2104	−0.008%	$86.0M	$186.8M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2106	+0.049%	$20.9M	$108.0M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2111	+0.296%	$16K	$405K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2104	−0.032%	$114K	$253K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2103	−0.075%	$10.9M	$21.1M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2105	+0.011%	$44.7M	$43.8M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2105	−0.004%	$24.3M	$16.4M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2104	−0.037%	$47.8M	$61.3M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2105	+0.011%	—	$32.7M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2109	+0.209%	$3.8M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2116	+0.553%	$242K	$7.6M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2108	+0.157%	$357K	$4.8M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2116	+0.538%	$32K	$691K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2104	−0.023%	$178K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2053	−2.474%	$1K	$846K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2104	−0.032%	$3K	$10K	10x	as long as short
HTX ENA-USDTshort	+0.0100%	4h	0.2105	+0.030%	$272K	$1.0M	50x
Phemex ENAUSDT	+0.0100%	4h	0.2104	−0.032%	$1.9M	$9.3M	50x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2117	+0.574%	$93K	$4K	10x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2103	−0.083%	$47K	$110	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2104	−0.044%	$74K	$4K	3x	as long as short
Lighter ENA	+0.0184%	1h	0.2106	+0.068%	$5.5M	$13.6M	10x	as long as short
Phoenix ENA	+0.0188%	1h	0.2117	+0.576%	$7K	$351K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0250% / S −0.0206%	1h	0.2102	−0.114%	$50K	—	100x	as long as short
Kraken Futures PF_ENAUSD	+0.0253%	1h	0.2105	+0.009%	$2.6M	$4.9M	50x	as long as short
Extended ENA-USD	+0.0288%	1h	0.2104	−0.045%	$1.6M	$4.2M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2132	+1.317%	$5.7M	$2.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2104	−0.048%	$1K	$5K	15x	as long as short
Hyperliquid ENA	+0.0425%	1h	0.2107	+0.101%	$113.5M	$74.5M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0648%	1h	0.2105	+0.001%	$825K	$1.7M	50x	as long as short