Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.054%

Price spread now: Aster against Polymarket Perps−0.160%56s7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs+$4as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$330.326% of the position

Long on Polymarket Perps Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.362%+$36 on $10k

Price spread, last 4 days (all we have)−0.265%−$27 · spread now −0.160%, 7d avg 0.000%

Together, before fees+0.097%+ Points / potential airdropAster: Stage 5 · farm board+$10 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 0.159% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of 0.000%. The two prices were read 56 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	Polymarket Perps ENA-USD	0.2113	0.0100	pay 0.0013% / 1h	22m 33s	$184K	$3.0M	10x
Short	Aster ENAUSDT	0.2110	0.0100	get 0.0050% / 4h	2h 22m	$1.5M	$3.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Polymarket Perps. 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 Polymarket PerpsbpFee AsterbpOrdersPrice spread, now −0.160%Rate

Funding earned: $0
Price spread: −0.160% → 0.000%: −$15.95
Slippage, 4 orders: −$16.6
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$48.54
Costs to cover: 0.326%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 6 min ago; Aster: 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 Polymarket Perps live order book, 6 min ago	2.61 bp	8.0 bp −$8	8.6 bp −$86	16324.5 bp −$1.63M	doesn't fit
Sell Aster live order book, 6 min ago	2.37 bp	9.4 bp −$9	21.1 bp −$211	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	−0.0263%	1h	0.2110	−0.151%	$363K	$484K	5x	as long as short
Orderly PERP_ENA_USDC	−0.0082%	4h	0.2109	−0.199%	$41K	$23K	10x	as long as short
01 Exchange ENAUSD	−0.0016%	1h	0.2109	−0.208%	$4K	$432	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2110	−0.147%	$93K	$1.9M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2111	−0.107%	$97K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.478%	$522	$57K	5.5x	as long as short
Gate ENA_USDT	+0.0040%	4h	0.2108	−0.232%	$10.5M	$21.7M	50x	as long as short
Phoenix ENA	+0.0076%	1h	0.2110	−0.132%	$5K	$394K	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2109	−0.203%	$60K	$540K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2108	−0.253%	$47K	$221	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	0.2108	−0.241%	$662K	$1.8M	10x	as long as short
Aster ENAUSDTshort	+0.0100%	4h	0.2110	−0.160%	$1.5M	$3.3M	50x
Pacifica ENA	+0.0100%	1h	0.2109	−0.204%	$407K	$595K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2109	−0.185%	$130.1M	$466.6M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2109	−0.227%	$88.1M	$193.7M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2110	−0.166%	$20.4M	$114.6M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2113	−0.024%	$19K	$432K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2110	−0.156%	$83K	$223K	10x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2109	−0.218%	$45.8M	$49.1M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2109	−0.180%	$24.4M	$16.5M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2107	−0.293%	$47.7M	$66.4M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2109	−0.227%	—	$32.1M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2111	−0.098%	$3.6M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2109	−0.222%	$251K	$8.0M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2110	−0.153%	$360K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2110	−0.156%	$33K	$711K	50x	as long as short
Polymarket Perps ENA-USDlong	+0.0100%	1h	0.2113	long leg	$184K	$3.0M	10x
SunX ENA-USDT	+0.0100%	4h	0.2056	−2.716%	$1K	$808K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2109	−0.203%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2114	+0.033%	$274K	$1.6M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2108	−0.251%	$1.9M	$9.3M	50x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2100	−0.609%	$89K	$2K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0103%	1h	0.2110	−0.171%	$2.7M	$5.8M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2110	−0.177%	$78K	$11K	3x	as long as short
Extended ENA-USD	+0.0112%	1h	0.2108	−0.253%	$1.6M	$4.2M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0214% / S −0.0162%	1h	0.2112	−0.060%	$50K	—	100x	as long as short
Lighter ENA	+0.0328%	1h	0.2111	−0.095%	$5.7M	$13.2M	10x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2108	−0.241%	$5.5M	$8.2M	75x	as long as short
Hyperliquid ENA	+0.0344%	1h	0.2111	−0.099%	$111.4M	$80.6M	10x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2113	−0.037%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0536%	1h	0.2113	−0.014%	$807K	$2.2M	50x	as long as short
dYdX ENA-USD	+0.6695%	1h	0.2110	−0.137%	$139K	$15K	5x	as long as short