Funding arb · Price arb /

ENA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.059%

Price spread now: Injective against Aster−2.597%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.044%+$4 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

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 2.597% cheaper against Aster than usual: you would sell low and buy high (−$260 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ENAUSDT	0.2180	0.0100	pay 0.0050% / 4h	2h 14m	$1.5M	$3.3M	50x
Short	Injective ENA/USDC PERP	0.2123	0.0033	get 0.0004% / 1h	14m 36s	$522	$57K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −2.597%Rate

Funding earned: −$14
Price spread: −2.597% → 0.000%: −$259.75
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$281.77
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 4 min ago; Injective: no order-book sample. 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 Aster live order book, 4 min ago	3.69 bp	9.3 bp −$9	17.0 bp −$170	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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
Orderly PERP_ENA_USDC	−0.0139%	4h	0.2182	+0.081%	$45K	$26K	10x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2177	−0.118%	$84K	—	150x	as long as short
Injective ENA/USDC PERPshort	+0.0033%	1h	0.2123	−2.597%	$522	$57K	5.5x
Phemex ENAUSDT	+0.0039%	4h	0.2180	−0.001%	$1.8M	$8.9M	50x	as long as short
01 Exchange ENAUSD	+0.0056%	1h	0.2177	−0.162%	$4K	$277	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2180	−0.001%	$53K	$475K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2179	−0.033%	$565K	$1.8M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2181	+0.063%	$118.2M	$75.5M	10x	as long as short
Aster ENAUSDTlong	+0.0100%	4h	0.2180	long leg	$1.5M	$3.3M	50x
Pacifica ENA	+0.0100%	1h	0.2181	+0.048%	$409K	$528K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ENAUSDT	+0.0100%	4h	0.2180	+0.011%	$132.4M	$423.8M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2183	+0.146%	$88.3M	$177.8M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2182	+0.068%	$21.8M	$108.9M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2176	−0.189%	$21K	$335K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2181	+0.045%	$81K	$280K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2179	−0.038%	$11.5M	$24.4M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2183	+0.123%	$48.0M	$41.8M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2182	+0.086%	$25.4M	$15.7M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2180	−0.020%	$49.4M	$58.8M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2180	+0.022%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2174	−0.286%	$3.1M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2172	−0.366%	$255K	$6.9M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2163	−0.762%	$362K	$5.0M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2173	−0.322%	$20K	$650K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2180	−0.001%	$193K	$2.5M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2130	−2.299%	$1K	$883K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2180	−0.001%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2188	+0.347%	$274K	$806K	50x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2132	−2.226%	$94K	−$0	10x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2182	+0.083%	$49K	$110	10x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2180	−0.007%	$1.6M	$4.3M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2182	+0.075%	$76K	$4K	3x	as long as short
Phoenix ENA	+0.0153%	1h	0.2174	−0.267%	$8K	$278K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0158%	1h	0.2181	+0.031%	$2.7M	$4.3M	50x	as long as short
dYdX ENA-USD	+0.0238%	1h	0.2181	+0.025%	$144K	$16K	5x	as long as short
Deribit ENA_USDC-PERPETUAL	+0.0254%	1h	0.2183	+0.136%	$70K	$1.1M	50x	as long as short
Lighter ENA	+0.0256%	1h	0.2183	+0.123%	$5.3M	$13.3M	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0310% / S −0.0753%	1h	0.2177	−0.152%	$60K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2180	−0.006%	$5.6M	$3.2M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2179	−0.049%	$1K	$5K	15x	as long as short
Backpack ENA_USDC_PERP	+0.0665%	1h	0.2181	+0.031%	$368K	$402K	5x	as long as short
Coinbase International ENA-PERP-INTX	+0.0704%	1h	0.2183	+0.155%	$895K	$1.8M	50x	as long as short