Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0240%/8h= +26.3% APRpaid last 24h +0.072%

Price spread now: BloFin against Paradex+0.006%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 BloFin

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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex ENA-USD-PERP	0.2172	0.0100	pay 0.0100% / 8h	2h 15m	$49K	$110	10x
Short	BloFin ENA-USDT	0.2172	0.0340	get 0.0170% / 4h	2h 15m	$5.6M	$3.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.006%Rate

Funding earned: $50.38
Price spread: +0.006% → 0.000%: $0.58
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee BloFin: 6 bp × 2 orders: −$12
Net: $34.96
Costs to cover: 0.160%
Break-even: 2.1 days

Slippage unknown: Paradex: no order-book sample; BloFin: 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 BloFin live order book, 3 min ago	6.93 bp	13.4 bp −$13	20.8 bp −$208	78.0 bp −$7,800	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 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	−0.0139%	4h	0.2172	+0.020%	$45K	$26K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2173	+0.061%	$70K	$1.1M	50x	as long as short
Phemex ENAUSDT	+0.0003%	4h	0.2174	+0.112%	$1.8M	$8.9M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2174	+0.133%	$84K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−2.218%	$522	$57K	5.5x	as long as short
01 Exchange ENAUSD	+0.0056%	1h	0.2173	+0.052%	$4K	$277	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2174	+0.112%	$53K	$475K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2176	+0.225%	$565K	$1.8M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2175	+0.176%	$117.9M	$75.4M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2173	+0.075%	$1.5M	$3.3M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ENA	+0.0100%	1h	0.2172	+0.029%	$408K	$528K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2172	+0.022%	$131.9M	$422.5M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2171	−0.013%	$87.8M	$177.5M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2174	+0.130%	$21.7M	$108.3M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2149	−1.035%	$21K	$326K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2173	+0.066%	$81K	$280K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2171	−0.008%	$11.5M	$24.3M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2172	+0.010%	$47.7M	$41.7M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2174	+0.102%	$25.3M	$15.7M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2174	+0.121%	$49.4M	$58.4M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2174	+0.116%	—	$31.0M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2174	+0.102%	$3.1M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2142	−1.360%	$246K	$6.9M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2163	−0.376%	$362K	$5.0M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2164	−0.349%	$20K	$650K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2178	+0.277%	$193K	$2.5M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2119	−2.403%	$1K	$882K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2174	+0.112%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2185	+0.618%	$274K	$805K	50x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2132	−1.845%	$94K	−$0	10x	as long as short
Paradex ENA-USD-PERPlong	+0.0100%	8h	0.2172	long leg	$49K	$110	10x
Extended ENA-USD	+0.0104%	1h	0.2172	−0.002%	$1.6M	$4.3M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2174	+0.096%	$76K	$4K	3x	as long as short
Phoenix ENA	+0.0153%	1h	0.2174	+0.121%	$8K	$278K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0158%	1h	0.2175	+0.168%	$2.7M	$4.3M	50x	as long as short
dYdX ENA-USD	+0.0244%	1h	0.2172	+0.007%	$143K	$16K	5x	as long as short
Lighter ENA	+0.0264%	1h	0.2174	+0.107%	$5.2M	$13.3M	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0310% / S −0.0753%	1h	0.2174	+0.112%	$60K	—	100x	as long as short
BloFin ENA-USDTshort	+0.0340%	4h	0.2172	+0.006%	$5.6M	$3.2M	75x
Reya ENARUSDPERP	+0.0412%	1h	0.2177	+0.255%	$1K	$5K	15x	as long as short
Backpack ENA_USDC_PERP	+0.0662%	1h	0.2174	+0.121%	$367K	$402K	5x	as long as short
Coinbase International ENA-PERP-INTX	+0.0704%	1h	0.2173	+0.056%	$891K	$1.8M	50x	as long as short