Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.039%

Price spread now: Aster against Bybit+0.039%7-day average +0.083% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$450.455% of the position

Long on Bybit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.183%+$18 on $10k

Price spread, last 7 days−0.018%−$2 · spread now +0.039%, 7d avg +0.083%

Together, before fees+0.165%+ Points / potential airdropAster: Stage 5 · farm board+$17 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: Aster is 0.044% cheaper against Bybit than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.083%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ENAUSDT	0.2179	0.0100	pay 0.0050% / 4h	2h 15m	$88.1M	$177.7M	50x
Short	Aster ENAUSDT	0.2180	0.0100	get 0.0050% / 4h	2h 15m	$1.5M	$3.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bybit. 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 BybitbpFee AsterbpOrdersPrice spread, now +0.039%Rate

Funding earned: $0
Price spread: +0.039% → +0.083%: −$4.41
Slippage, 4 orders: −$26.5
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aster: 4 bp × 2 orders: −$8
Net: −$49.91
Costs to cover: 0.455%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Aster: live order book, 3 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 Bybit live order book, 4 min ago	0.23 bp	11.4 bp −$11	20.8 bp −$208	66.9 bp −$6,690	doesn't fit
Sell Aster live order book, 3 min ago	3.69 bp	14.1 bp −$14	26.2 bp −$262	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	0.2182	+0.142%	$45K	$26K	10x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2177	−0.057%	$84K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−2.538%	$522	$57K	5.5x	as long as short
Phemex ENAUSDT	+0.0039%	4h	0.2180	+0.060%	$1.8M	$8.9M	50x	as long as short
01 Exchange ENAUSD	+0.0056%	1h	0.2177	−0.101%	$4K	$277	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2180	+0.060%	$53K	$475K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2179	+0.028%	$565K	$1.8M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2180	+0.053%	$118.1M	$75.4M	10x	as long as short
Aster ENAUSDTshort	+0.0100%	4h	0.2180	+0.039%	$1.5M	$3.3M	50x
Pacifica ENA	+0.0100%	1h	0.2172	−0.295%	$408K	$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	+0.050%	$132.4M	$423.6M	75x	as long as short
Bybit ENAUSDTlong	+0.0100%	4h	0.2179	long leg	$88.1M	$177.7M	50x
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2180	+0.037%	$21.8M	$108.7M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2177	−0.092%	$21K	$330K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2177	−0.078%	$81K	$280K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2177	−0.083%	$11.5M	$24.4M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2178	−0.032%	$47.8M	$41.7M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2178	−0.032%	$25.4M	$15.7M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2181	+0.106%	$49.6M	$58.5M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2177	−0.083%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2174	−0.225%	$3.1M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2172	−0.305%	$255K	$6.9M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2163	−0.702%	$362K	$5.0M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2173	−0.262%	$20K	$650K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2180	+0.060%	$193K	$2.5M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2130	−2.240%	$1K	$883K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2180	+0.060%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2188	+0.409%	$274K	$806K	50x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2132	−2.166%	$94K	−$0	10x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2171	−0.332%	$49K	$110	10x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2182	+0.132%	$1.6M	$4.3M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2182	+0.136%	$76K	$4K	3x	as long as short
Phoenix ENA	+0.0153%	1h	0.2174	−0.207%	$8K	$278K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0158%	1h	0.2181	+0.092%	$2.7M	$4.3M	50x	as long as short
dYdX ENA-USD	+0.0244%	1h	0.2172	−0.320%	$143K	$16K	5x	as long as short
Deribit ENA_USDC-PERPETUAL	+0.0254%	1h	0.2183	+0.197%	$70K	$1.1M	50x	as long as short
Lighter ENA	+0.0256%	1h	0.2182	+0.133%	$5.2M	$13.3M	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0310% / S −0.0753%	1h	0.2177	−0.091%	$60K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2180	+0.055%	$5.6M	$3.2M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2179	+0.012%	$1K	$5K	15x	as long as short
Backpack ENA_USDC_PERP	+0.0662%	1h	0.2174	−0.207%	$367K	$402K	5x	as long as short
Coinbase International ENA-PERP-INTX	+0.0704%	1h	0.2183	+0.216%	$895K	$1.8M	50x	as long as short