Funding arb · Price arb /

ENA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= +0.1% APRpaid last 24h −0.054%

Price spread now: Paradex against Aster+0.051%7-day average — · you sell dearer than you buy

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

Long on Aster 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 airdropAster: Stage 5 · Paradex: 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 0.051% dearer against Aster than usual: you sell high and buy low, +$5 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ENAUSDT	0.2155	0.0100	pay 0.0050% / 4h	3h 17m	$1.6M	$3.3M	50x
Short	Paradex ENA-USD-PERP	0.2156	0.0100	get 0.0100% / 8h	7h 17m	$48K	$110	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.051%Rate

Funding earned: $0.1
Price spread: +0.051% → 0.000%: $5.14
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$6.76
Costs to cover: 0.120%
Break-even: 493.1 days

Slippage unknown: Aster: live order book, 2 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 Aster live order book, 2 min ago	4.18 bp	9.8 bp −$10	19.8 bp −$198	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
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2154	−0.023%	$80K	$1.7M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0004%	1h	0.2154	−0.044%	$103K	—	150x	as long as short
Orderly PERP_ENA_USDC	+0.0033%	4h	0.2152	−0.101%	$42K	$23K	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−1.447%	$522	$57K	5.5x	as long as short
dYdX ENA-USD	+0.0071%	1h	0.2154	−0.005%	$142K	$15K	5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2155	+0.019%	$63K	$518K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2156	+0.087%	$714K	$1.8M	10x	as long as short
Aster ENAUSDTlong	+0.0100%	4h	0.2155	long leg	$1.6M	$3.3M	50x
Pacifica ENA	+0.0100%	1h	0.2156	+0.070%	$425K	$553K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2158	+0.154%	$134.5M	$442.9M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ENAUSDT	+0.0100%	4h	0.2158	+0.145%	$89.0M	$187.2M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2158	+0.154%	$21.2M	$110.7M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2156	+0.052%	$16K	$413K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2157	+0.112%	$107K	$242K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2150	−0.209%	$94K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2155	+0.029%	$11.0M	$21.4M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2156	+0.070%	$46.1M	$44.7M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2156	+0.070%	$24.8M	$16.5M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2155	+0.005%	$48.9M	$61.4M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2156	+0.066%	—	$32.6M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2157	+0.117%	$384K	$409K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2144	−0.468%	$3.9M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2144	−0.473%	$248K	$7.5M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2145	−0.460%	$357K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2146	−0.398%	$33K	$688K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2156	+0.066%	$180K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2103	−2.408%	$1K	$832K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2153	−0.074%	$4K	$10K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2158	+0.177%	$280K	$1.1M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2155	+0.019%	$2.0M	$9.3M	50x	as long as short
Paradex ENA-USD-PERPshort	+0.0100%	8h	0.2156	+0.051%	$48K	$110	10x
Aevo ENA-PERP	+0.0104%	1h	0.2155	−0.002%	$75K	$4K	3x	as long as short
Phoenix ENA	+0.0150%	1h	0.2153	−0.088%	$8K	$347K	10x	as long as short
01 Exchange ENAUSD	+0.0184%	1h	0.2156	+0.052%	$4K	$302	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0232%	1h	0.2156	+0.055%	$2.7M	$5.1M	50x	as long as short
Extended ENA-USD	+0.0312%	1h	0.2152	−0.097%	$1.6M	$4.2M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0334% / S −0.0430%	1h	0.2154	−0.030%	$81K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2156	+0.070%	$5.7M	$2.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2154	−0.022%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0608%	1h	0.2159	+0.214%	$855K	$1.8M	50x	as long as short
Lighter ENA	+0.0704%	1h	0.2157	+0.121%	$5.7M	$12.7M	10x	as long as short
Hyperliquid ENA	+0.0766%	1h	0.2160	+0.261%	$117.4M	$74.6M	10x	as long as short