Funding arb · Price arb /

ENA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.018%

Price spread now: SoDEX against Aster−0.029%55s7-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 SoDEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SoDEX is 0.029% cheaper against Aster than usual: you would sell low and buy high, −$3 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ENAUSDT	0.2117	0.0100	pay 0.0050% / 4h	3h 26m	$1.4M	$3.4M	50x
Short	SoDEX ENA-USD	0.2116	0.0100	get 0.0013% / 1h	26m 30s	$4K	$7K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.029%Rate

Funding earned: $0
Price spread: −0.029% → 0.000%: −$2.89
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$18.89
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 2 min ago; SoDEX: 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, 2 min ago	3.55 bp	9.3 bp −$9	23.5 bp −$235	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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
01 Exchange ENAUSD	−0.0120%	1h	0.2114	−0.119%	$4K	$169	10x	as long as short
Orderly PERP_ENA_USDC	−0.0101%	4h	0.2116	−0.048%	$44K	$16K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2117	+0.018%	$75K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2116	−0.029%	$81K	—	150x	as long as short
Gate ENA_USDT	+0.0024%	4h	0.2117	−0.005%	$13.2M	$27.8M	50x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.292%	$734	$57K	5.5x	as long as short
Bitget ENAUSDT	+0.0086%	4h	0.2114	−0.123%	$47.9M	$61.1M	75x	as long as short
Lighter ENA	+0.0096%	1h	0.2117	−0.001%	$4.9M	$13.0M	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2116	−0.029%	$54K	$499K	50x	as long as short
Paradex ENA-USD-PERP	+0.0099%	8h	0.2115	−0.090%	$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	0.2116	−0.029%	$560K	$1.8M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2117	+0.018%	$115.1M	$76.8M	10x	as long as short
Aster ENAUSDTlong	+0.0100%	4h	0.2117	long leg	$1.4M	$3.4M	50x
Pacifica ENA	+0.0100%	1h	0.2116	−0.034%	$406K	$562K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2115	−0.053%	$127.6M	$431.2M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2115	−0.071%	$88.1M	$194.4M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2116	−0.019%	$20.9M	$108.1M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2114	−0.119%	$38K	$326K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2115	−0.076%	$77K	$283K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2113	−0.192%	$92K	$511	10x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2115	−0.053%	$40.9M	$43.5M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2116	−0.024%	$24.9M	$16.0M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2115	−0.067%	—	$6.5M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2117	+0.042%	$409K	$477K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2114	−0.119%	$3.1M	$9.8M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2118	+0.076%	$246K	$7.1M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2116	−0.034%	$356K	$4.8M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2117	+0.018%	$19K	$645K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2117	+0.018%	$174K	$2.6M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2068	−2.283%	$1K	$931K	20x	as long as short
SoDEX ENA-USDshort	+0.0100%	1h	0.2116	−0.029%	$4K	$7K	10x
HTX ENA-USDT	+0.0100%	4h	0.2126	+0.429%	$264K	$843K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2118	+0.066%	$1.8M	$8.9M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2114	−0.133%	$1.6M	$4.7M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2118	+0.048%	$74K	$4K	3x	as long as short
dYdX ENA-USD	+0.0111%	1h	0.2117	−0.002%	$140K	$16K	5x	as long as short
Phoenix ENA	+0.0150%	1h	0.2118	+0.056%	$13K	$267K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0197%	1h	0.2117	+0.026%	$2.6M	$4.4M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0307% / S −0.0756%	1h	0.2118	+0.059%	$58K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2116	−0.029%	$5.6M	$3.4M	75x	as long as short
Reya ENARUSDPERP	+0.0411%	1h	0.2115	−0.078%	$1K	—	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0544%	1h	0.2117	+0.009%	$784K	$2.0M	50x	as long as short