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= 0.0% APRpaid last 24h +0.054%

Price spread now: Aster against Paradex+0.364%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Aster

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 · Aster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.364% dearer against Paradex than usual: you sell high and buy low, +$36 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	Paradex ENA-USD-PERP	0.2145	0.0100	pay 0.0100% / 8h	6h 30m	$48K	$110	10x
Short	Aster ENAUSDT	0.2152	0.0100	get 0.0050% / 4h	2h 30m	$1.6M	$3.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Paradex. 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 ParadexbpFee AsterbpOrdersPrice spread, now +0.364%Rate

Funding earned: −$0.04
Price spread: +0.364% → 0.000%: $36.36
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Aster: 4 bp × 2 orders: −$8
Net: $24.31
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; Aster: live order book, 3 min ago. 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 Paradex no order-book sample	—	—	—	—	—
Sell Aster live order book, 3 min ago	2.82 bp	9.0 bp −$9	21.1 bp −$211	doesn't fit	doesn't fit

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 41 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	0.2147	+0.133%	$80K	$1.6M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2148	+0.182%	$92K	—	150x	as long as short
dYdX ENA-USD	+0.0017%	1h	0.2145	+0.027%	$142K	$15K	5x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−0.986%	$522	$57K	5.5x	as long as short
Orderly PERP_ENA_USDC	+0.0042%	4h	0.2147	+0.128%	$45K	$28K	10x	as long as short
01 Exchange ENAUSD	+0.0064%	1h	0.2151	+0.319%	$4K	$302	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2151	+0.301%	$56K	$526K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2150	+0.261%	$700K	$1.8M	10x	as long as short
Aster ENAUSDTshort	+0.0100%	4h	0.2152	+0.364%	$1.6M	$3.3M	50x
Pacifica ENA	+0.0100%	1h	0.2147	+0.112%	$420K	$548K	10x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ENAUSDT	+0.0100%	4h	0.2148	+0.181%	$133.2M	$444.6M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2150	+0.235%	$88.2M	$186.9M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2149	+0.226%	$21.2M	$109.5M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2128	−0.777%	$19K	$411K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2150	+0.254%	$117K	$251K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2105	−1.832%	$92K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2150	+0.263%	$11.1M	$21.4M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2150	+0.259%	$46.0M	$44.1M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2150	+0.263%	$24.9M	$16.4M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2149	+0.189%	$48.9M	$61.1M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2150	+0.268%	—	$6.5M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2152	+0.333%	$372K	$376K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2140	−0.225%	$3.8M	$10.2M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2115	−1.366%	$242K	$7.5M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2127	−0.796%	$353K	$4.8M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2124	−0.958%	$32K	$667K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2150	+0.273%	$182K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2100	−2.068%	$1K	$850K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2148	+0.161%	$4K	$10K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2158	+0.627%	$279K	$990K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2148	+0.161%	$1.9M	$9.3M	50x	as long as short
Paradex ENA-USD-PERPlong	+0.0100%	8h	0.2145	long leg	$48K	$110	10x
Aevo ENA-PERP	+0.0104%	1h	0.2147	+0.102%	$75K	$4K	3x	as long as short
Phoenix ENA	+0.0188%	1h	0.2138	−0.296%	$7K	$351K	10x	as long as short
Extended ENA-USD	+0.0248%	1h	0.2147	+0.094%	$1.6M	$4.2M	50x	as long as short
Kraken Futures PF_ENAUSD	+0.0248%	1h	0.2150	+0.244%	$2.7M	$4.5M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0252% / S −0.0206%	1h	0.2148	+0.162%	$51K	—	100x	as long as short
Lighter ENA	+0.0376%	1h	0.2151	+0.305%	$5.6M	$13.6M	10x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2149	+0.211%	$1K	$5K	15x	as long as short
Hyperliquid ENA	+0.0537%	1h	0.2153	+0.380%	$116.4M	$73.1M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0648%	1h	0.2111	−1.574%	$827K	$1.7M	50x	as long as short