Funding arb · Price arb /

ENA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0001%/8h= +0.1% APRpaid last 24h 0.000%

Price spread now: edgeX against Paradex+0.322%52s7-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 edgeX

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 · edgeX: 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: edgeX is 0.322% dearer against Paradex than usual: you sell high and buy low, +$32 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 52 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	Paradex ENA-USD-PERP	0.2135	0.0099	pay 0.0099% / 8h	7h 12m	$48K	$110	10x
Short	edgeX ENAUSDC	0.2142	0.0100	get 0.0050% / 4h	3h 12m	$253K	$7.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.322%Rate

Funding earned: $0.2
Price spread: +0.322% → 0.000%: $32.17
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $19.38
Costs to cover: 0.130%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; edgeX: live order book, 2 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 edgeX live order book, 2 min ago	7.03 bp	11.5 bp −$12	13.0 bp −$130	44.0 bp −$4,400	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
01 Exchange ENAUSD	−0.0112%	1h	0.2136	+0.013%	$4K	$169	10x	as long as short
Orderly PERP_ENA_USDC	−0.0100%	4h	0.2137	+0.055%	$44K	$15K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2138	+0.106%	$76K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2137	+0.062%	$82K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2122	−0.634%	$734	$57K	5.5x	as long as short
Bitget ENAUSDT	+0.0054%	4h	0.2135	−0.011%	$48.4M	$60.1M	75x	as long as short
dYdX ENA-USD	+0.0080%	1h	0.2137	+0.093%	$141K	$16K	5x	as long as short
Lighter ENA	+0.0096%	1h	0.2138	+0.116%	$5.0M	$13.1M	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2136	+0.027%	$55K	$488K	50x	as long as short
Paradex ENA-USD-PERPlong	+0.0099%	8h	0.2135	long leg	$48K	$110	10x

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado ENA-PERP	+0.0100%	1h	0.2136	+0.036%	$566K	$1.8M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2139	+0.166%	$117.0M	$76.6M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2137	+0.060%	$1.4M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2137	+0.059%	$409K	$560K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2137	+0.063%	$128.9M	$424.4M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2137	+0.092%	$88.7M	$191.2M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2137	+0.050%	$21.1M	$107.1M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2142	+0.326%	$39K	$331K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2136	+0.027%	$79K	$249K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2147	+0.553%	$105K	$12K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2137	+0.088%	$13.4M	$28.2M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2137	+0.059%	$41.9M	$44.1M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2137	+0.097%	$25.1M	$15.9M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2137	+0.064%	—	$6.5M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2136	+0.013%	$413K	$479K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2146	+0.487%	$3.1M	$9.1M	—	as long as short
edgeX ENAUSDCshort	+0.0100%	4h	0.2142	+0.322%	$253K	$7.2M	20x
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2142	+0.308%	$360K	$4.8M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2141	+0.261%	$19K	$644K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2137	+0.097%	$176K	$2.6M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2087	−2.268%	$1K	$922K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2137	+0.074%	$4K	$6K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2140	+0.228%	$265K	$825K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2134	−0.067%	$1.9M	$9.0M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2136	+0.030%	$1.6M	$4.7M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2137	+0.062%	$75K	$4K	3x	as long as short
Phoenix ENA	+0.0150%	1h	0.2138	+0.134%	$13K	$267K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0195%	1h	0.2138	+0.099%	$2.6M	$4.4M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0307% / S −0.0756%	1h	0.2137	+0.069%	$59K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2132	−0.151%	$5.5M	$3.4M	75x	as long as short
Reya ENARUSDPERP	+0.0411%	1h	0.2133	−0.107%	$1K	—	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0544%	1h	0.2144	+0.378%	$795K	$2.0M	50x	as long as short