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% APRpaid last 24h −0.054%

Price spread now: Polymarket Perps against Aster−0.030%7-day average −0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$350.351% of the position

Long on Aster Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.353%−$35 on $10k

Price spread, last 7 days+0.056%+$6 · spread now −0.030%, 7d avg −0.038%

Together, before fees−0.297%+ Points / potential airdropAster: Stage 5 · farm board−$30 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ENAUSDT	0.2098	0.0100	pay 0.0050% / 4h	43m 13s	$1.5M	$2.9M	50x
Short	Polymarket Perps ENA-USD	0.2098	0.0100	get 0.0013% / 1h	43m 13s	$178K	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.030%Rate

Funding earned: $0
Price spread: −0.030% → −0.038%: $0.78
Slippage, 4 orders: −$19.13
Fee Aster: 4 bp × 2 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$34.35
Costs to cover: 0.351%
Break-even: never at this rate

Slippage from Aster: live order book, 5 min ago; Polymarket Perps: live order book, 6 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	3.82 bp	8.7 bp −$9	22.9 bp −$229	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 6 min ago	3.34 bp	7.3 bp −$7	7.7 bp −$77	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
Backpack ENA_USDC_PERP	−0.0315%	1h	0.2095	−0.164%	$364K	$390K	5x	as long as short
01 Exchange ENAUSD	−0.0104%	1h	0.2098	−0.025%	$4K	$302	10x	as long as short
Orderly PERP_ENA_USDC	−0.0062%	4h	0.2095	−0.159%	$44K	$25K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2095	−0.183%	$78K	$1.2M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2096	−0.128%	$81K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+1.190%	$522	$57K	5.5x	as long as short
Phoenix ENA	+0.0076%	1h	0.2097	−0.092%	$8K	$266K	10x	as long as short
Lighter ENA	+0.0096%	1h	0.2097	−0.068%	$5.2M	$13.4M	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2097	−0.068%	$55K	$501K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2099	+0.012%	$47K	$110	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado ENA-PERP	+0.0100%	1h	0.2097	−0.085%	$661K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2096	−0.102%	$111.5M	$73.0M	10x	as long as short
Aster ENAUSDTlong	+0.0100%	4h	0.2098	long leg	$1.5M	$2.9M	50x
Pacifica ENA	+0.0100%	1h	0.2100	+0.078%	$409K	$500K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2095	−0.184%	$127.9M	$416.0M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2094	−0.187%	$85.0M	$175.8M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2095	−0.164%	$20.8M	$102.0M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2093	−0.264%	$20K	$311K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2092	−0.306%	$77K	$275K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2098	−0.031%	$92K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2094	−0.206%	$11.0M	$21.7M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2095	−0.178%	$45.5M	$41.2M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2096	−0.102%	$24.5M	$15.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2093	−0.264%	$47.7M	$57.5M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2095	−0.178%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2097	−0.049%	$3.1M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2093	−0.242%	$241K	$7.0M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2095	−0.163%	$347K	$4.9M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2095	−0.164%	$20K	$648K	50x	as long as short
Polymarket Perps ENA-USDshort	+0.0100%	1h	0.2098	−0.030%	$178K	$2.3M	10x
SunX ENA-USDT	+0.0100%	4h	0.2046	−2.518%	$798	$844K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2095	−0.164%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2099	+0.041%	$271K	$795K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2095	−0.164%	$1.8M	$8.8M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2094	−0.225%	$1.6M	$4.1M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2095	−0.155%	$73K	$4K	3x	as long as short
dYdX ENA-USD	+0.0135%	1h	0.2099	+0.042%	$139K	$15K	5x	as long as short
Kraken Futures PF_ENAUSD	+0.0245%	1h	0.2096	−0.101%	$2.6M	$4.2M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0253% / S −0.0213%	1h	0.2096	−0.113%	$51K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2095	−0.164%	$5.6M	$3.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2096	−0.128%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0632%	1h	0.2090	−0.397%	$851K	$1.5M	50x	as long as short