Funding arb · Price arb /

ENA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0240%/8h= −26.2% APRpaid last 24h −0.072%

Price spread now: Paradex against BloFin+0.062%7-day average — · you sell dearer than you buy

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

Long on BloFin 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

The price spread pays, funding is against you. Paradex is 0.062% dearer against BloFin than usual: you sell high and buy low (spread +0.062% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 21 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ENA-USDT	0.2166	0.0340	pay 0.0170% / 4h	3h 06m	$5.7M	$2.0M	75x
Short	Paradex ENA-USD-PERP	0.2167	0.0100	get 0.0100% / 8h	7h 06m	$49K	$110	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against BloFin. 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 BloFinbpFee ParadexbpOrdersPrice spread, now +0.062%Rate

Funding earned: −$50.32
Price spread: +0.062% → 0.000%: $6.23
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$60.09
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 7 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 BloFin live order book, 7 min ago	2.78 bp	11.8 bp −$12	22.2 bp −$222	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
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0004%	1h	0.2166	+0.001%	$93K	—	150x	as long as short
Deribit ENA_USDC-PERPETUAL	+0.0027%	1h	0.2167	+0.065%	$81K	$1.6M	50x	as long as short
Orderly PERP_ENA_USDC	+0.0031%	4h	0.2166	+0.005%	$42K	$23K	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−1.962%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2166	+0.005%	$53K	$523K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2165	−0.044%	$721K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2163	−0.113%	$1.6M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2156	−0.443%	$425K	$550K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2156	−0.457%	$134.8M	$441.3M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2154	−0.536%	$88.6M	$186.1M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2155	−0.494%	$21.3M	$110.2M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2171	+0.222%	$16K	$416K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2167	+0.051%	$107K	$242K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2167	+0.051%	$95K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2157	−0.397%	$11.0M	$21.6M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2156	−0.471%	$45.5M	$45.2M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2165	−0.037%	$24.9M	$16.4M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2155	−0.489%	$48.9M	$61.1M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2157	−0.397%	—	$6.5M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2167	+0.051%	$385K	$377K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2158	−0.379%	$3.9M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2169	+0.124%	$250K	$7.5M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2169	+0.163%	$361K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2169	+0.143%	$33K	$686K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2166	+0.005%	$181K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2115	−2.355%	$1K	$833K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2166	+0.005%	$4K	$10K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2170	+0.203%	$281K	$1.1M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2167	+0.051%	$1.9M	$9.4M	50x	as long as short
Paradex ENA-USD-PERPshort	+0.0100%	8h	0.2167	+0.062%	$49K	$110	10x
Aevo ENA-PERP	+0.0104%	1h	0.2167	+0.036%	$76K	$4K	3x	as long as short
Phoenix ENA	+0.0150%	1h	0.2169	+0.152%	$8K	$347K	10x	as long as short
dYdX ENA-USD	+0.0175%	1h	0.2158	−0.357%	$143K	$15K	5x	as long as short
01 Exchange ENAUSD	+0.0176%	1h	0.2165	−0.060%	$4K	$302	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0230%	1h	0.2168	+0.104%	$2.7M	$5.1M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0334% / S −0.0430%	1h	0.2166	+0.002%	$82K	—	100x	as long as short
BloFin ENA-USDTlong	+0.0340%	4h	0.2166	long leg	$5.7M	$2.0M	75x
Extended ENA-USD	+0.0360%	1h	0.2161	−0.230%	$1.6M	$4.3M	50x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2164	−0.076%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0608%	1h	0.2172	+0.272%	$859K	$1.8M	50x	as long as short
Lighter ENA	+0.0776%	1h	0.2161	−0.212%	$5.9M	$13.2M	10x	as long as short
Hyperliquid ENA	+0.0777%	1h	0.2160	−0.295%	$116.9M	$74.2M	10x	as long as short