Funding arb · Price arb /

ENA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.036%

Price spread now: Pacifica against Aster−0.170%7-day average −0.060% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$350.353% of the position

Long on Aster Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.136%−$14 on $10k

Price spread, last 4 days (all we have)+0.113%+$11 · spread now −0.170%, 7d avg −0.060%

Together, before fees−0.022%+ Points / potential airdropAster: Stage 5 · Pacifica: Active · farm board−$2 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: Pacifica is 0.110% cheaper against Aster than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.060%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ENAUSDT	0.2155	0.0100	pay 0.0050% / 4h	2h 20m	$1.5M	$3.3M	50x
Short	Pacifica ENA	0.2151	0.0100	get 0.0013% / 1h	20m 08s	$404K	$525K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.170%Rate

Funding earned: $0
Price spread: −0.170% → −0.060%: −$11
Slippage, 4 orders: −$19.26
Fee Aster: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$46.26
Costs to cover: 0.353%
Break-even: never at this rate

Slippage from Aster: live order book, 3 min ago; Pacifica: live order book, 28 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	1.41 bp	7.4 bp −$7	15.3 bp −$153	doesn't fit	doesn't fit
Sell Pacifica live order book, 28 min ago	1.66 bp	8.0 bp −$8	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
Orderly PERP_ENA_USDC	−0.0139%	4h	0.2155	0.000%	$45K	$26K	10x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2155	+0.025%	$84K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−1.462%	$522	$57K	5.5x	as long as short
01 Exchange ENAUSD	+0.0048%	1h	0.2153	−0.070%	$4K	$277	10x	as long as short
Gate ENA_USDT	+0.0082%	4h	0.2155	−0.009%	$11.4M	$24.1M	50x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2153	−0.088%	$59K	$468K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2152	−0.147%	$48K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2152	−0.142%	$666K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2157	+0.084%	$117.1M	$74.8M	10x	as long as short
Aster ENAUSDTlong	+0.0100%	4h	0.2155	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 ENAshort	+0.0100%	1h	0.2151	−0.170%	$404K	$525K	10x
Binance ENAUSDT	+0.0100%	4h	0.2156	+0.032%	$130.7M	$420.5M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2156	+0.065%	$87.0M	$176.3M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2156	+0.070%	$21.5M	$106.8M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2149	−0.269%	$21K	$328K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2153	−0.088%	$80K	$278K	10x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2156	+0.046%	$47.3M	$41.4M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2156	+0.070%	$25.1M	$15.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2154	−0.046%	$49.0M	$58.2M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2156	+0.046%	—	$31.2M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2139	−0.716%	$3.1M	$10.0M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2121	−1.554%	$243K	$6.9M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2126	−1.341%	$356K	$5.0M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2127	−1.295%	$19K	$651K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2153	−0.074%	$191K	$2.5M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2104	−2.385%	$1K	$878K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2155	+0.005%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2158	+0.144%	$272K	$796K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2154	−0.042%	$1.8M	$8.9M	50x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2132	−1.086%	$94K	−$0	10x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2155	+0.004%	$1.6M	$4.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2154	−0.057%	$75K	$4K	3x	as long as short
Phoenix ENA	+0.0153%	1h	0.2103	−2.395%	$8K	$278K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0159%	1h	0.2156	+0.050%	$2.7M	$4.3M	50x	as long as short
Deribit ENA_USDC-PERPETUAL	+0.0214%	1h	0.2156	+0.042%	$70K	$1.1M	50x	as long as short
Lighter ENA	+0.0264%	1h	0.2158	+0.125%	$5.3M	$13.1M	10x	as long as short
dYdX ENA-USD	+0.0265%	1h	0.2151	−0.204%	$142K	$16K	5x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0309% / S −0.0753%	1h	0.2155	+0.008%	$59K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2141	−0.650%	$5.5M	$3.1M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2155	−0.009%	$1K	$5K	15x	as long as short
Backpack ENA_USDC_PERP	+0.0616%	1h	0.2141	−0.631%	$360K	$401K	5x	as long as short
Coinbase International ENA-PERP-INTX	+0.0704%	1h	0.2158	+0.135%	$884K	$1.8M	50x	as long as short