Funding arb · Price arb /

ENA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Paradex against ApeX Omni−0.517%50s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on ApeX Omni Short on Paradex

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 airdropParadex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.517% cheaper against ApeX Omni than usual: you would sell low and buy high, −$52 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 50 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	ApeX Omni ENAUSDT	0.2117	0.0100	pay 0.0013% / 1h	40m 28s	$19K	$647K	50x
Short	Paradex ENA-USD-PERP	0.2106	0.0100	get 0.0100% / 8h	40m 28s	$47K	$110	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against ApeX Omni. 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 ApeX OmnibpFee ParadexbpOrdersPrice spread, now −0.517%Rate

Funding earned: −$0.09
Price spread: −0.517% → 0.000%: −$51.7
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$65.79
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: ApeX Omni: live order book, 63 min ago; Paradex: 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 ApeX Omni live order book, 63 min ago	7.01 bp	20.1 bp −$20	133.8 bp −$1,338	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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
Orderly PERP_ENA_USDC	−0.0097%	4h	0.2109	−0.387%	$44K	$17K	10x	as long as short
01 Exchange ENAUSD	−0.0016%	1h	0.2106	−0.529%	$4K	$277	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2110	−0.340%	$54K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2110	−0.342%	$81K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.302%	$522	$57K	5.5x	as long as short
Lighter ENA	+0.0096%	1h	0.2107	−0.468%	$5.0M	$13.8M	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2105	−0.567%	$55K	$478K	50x	as long as short
Paradex ENA-USD-PERPshort	+0.0100%	8h	0.2106	−0.517%	$47K	$110	10x
Nado ENA-PERP	+0.0100%	1h	0.2105	−0.588%	$560K	$1.8M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2106	−0.510%	$114.1M	$75.1M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ENAUSDT	+0.0100%	4h	0.2106	−0.520%	$1.4M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2107	−0.481%	$404K	$560K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2105	−0.583%	$127.9M	$425.8M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2104	−0.628%	$90.3M	$187.0M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2104	−0.595%	$21.2M	$107.0M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2107	−0.449%	$38K	$318K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2106	−0.520%	$78K	$281K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2113	−0.195%	$92K	$511	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2106	−0.524%	$12.7M	$26.9M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2106	−0.520%	$39.1M	$42.8M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2106	−0.529%	$24.8M	$15.8M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2103	−0.675%	$47.8M	$59.6M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2105	−0.553%	—	$6.5M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2110	−0.307%	$412K	$490K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2106	−0.508%	$3.0M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2117	−0.015%	$254K	$7.1M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2115	−0.089%	$365K	$4.9M	10x	as long as short
ApeX Omni ENAUSDTlong	+0.0100%	1h	0.2117	long leg	$19K	$647K	50x
Polymarket Perps ENA-USD	+0.0100%	1h	0.2104	−0.590%	$188K	$2.6M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2057	−2.839%	$1K	$905K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2110	−0.331%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2109	−0.373%	$265K	$817K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2109	−0.378%	$1.8M	$8.8M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2104	−0.627%	$1.6M	$4.4M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2108	−0.411%	$74K	$4K	3x	as long as short
Kraken Futures PF_ENAUSD	+0.0149%	1h	0.2110	−0.317%	$2.6M	$4.4M	50x	as long as short
Phoenix ENA	+0.0190%	1h	0.2108	−0.406%	$8K	$273K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0306% / S −0.0754%	1h	0.2110	−0.346%	$58K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2108	−0.406%	$5.6M	$3.4M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2108	−0.402%	$1K	—	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0656%	1h	0.2116	−0.052%	$874K	$1.8M	50x	as long as short
dYdX ENA-USD	+0.0732%	1h	0.2108	−0.445%	$139K	$16K	5x	as long as short