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 0.000%

Price spread now: HTX against Paradex+0.109%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 HTX

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.109% dearer against Paradex than usual: you sell high and buy low, +$11 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	0.2129	0.0100	pay 0.0100% / 8h	6h 01m	$48K	$110	10x
Short	HTX ENA-USDT	0.2132	0.0100	get 0.0050% / 4h	2h 01m	$278K	$803K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.109%Rate

Funding earned: −$0.02
Price spread: +0.109% → 0.000%: $10.93
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee HTX: 6 bp × 2 orders: −$12
Net: −$5.09
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; HTX: live order book, 28 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 HTX live order book, 28 min ago	18.62 bp	26.9 bp −$27	doesn't fit	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	0.2130	+0.034%	$79K	$1.3M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2130	+0.002%	$87K	—	150x	as long as short
dYdX ENA-USD	+0.0011%	1h	0.2129	−0.020%	$141K	$15K	5x	as long as short
Orderly PERP_ENA_USDC	+0.0033%	4h	0.2129	−0.036%	$44K	$27K	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−0.285%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2128	−0.069%	$54K	$506K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2128	−0.078%	$684K	$1.7M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2130	+0.017%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2129	−0.044%	$416K	$530K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2127	−0.111%	$130.8M	$430.4M	75x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ENAUSDT	+0.0100%	4h	0.2127	−0.140%	$87.0M	$179.8M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2127	−0.125%	$20.9M	$104.9M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2116	−0.637%	$19K	$382K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2129	−0.022%	$79K	$289K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2109	−0.938%	$93K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2128	−0.083%	$11.1M	$22.0M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2126	−0.144%	$45.6M	$44.7M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2129	−0.022%	$24.7M	$15.9M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2127	−0.097%	$48.4M	$59.0M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2127	−0.125%	—	$32.4M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2131	+0.053%	$384K	$369K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2129	−0.042%	$3.8M	$10.0M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2123	−0.311%	$248K	$7.5M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2124	−0.248%	$361K	$4.9M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2125	−0.210%	$32K	$650K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2129	−0.036%	$184K	$2.3M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2078	−2.417%	$1K	$843K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2130	+0.025%	$4K	$7K	10x	as long as short
HTX ENA-USDTshort	+0.0100%	4h	0.2132	+0.109%	$278K	$803K	50x
Phemex ENAUSDT	+0.0100%	4h	0.2130	+0.025%	$1.9M	$9.0M	50x	as long as short
Paradex ENA-USD-PERPlong	+0.0100%	8h	0.2129	long leg	$48K	$110	10x
01 Exchange ENAUSD	+0.0104%	1h	0.2129	−0.046%	$4K	$302	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2131	+0.054%	$75K	$4K	3x	as long as short
Extended ENA-USD	+0.0152%	1h	0.2128	−0.086%	$1.6M	$4.1M	50x	as long as short
Phoenix ENA	+0.0188%	1h	0.2116	−0.614%	$7K	$351K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0250%	1h	0.2131	+0.057%	$2.7M	$4.3M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0251% / S −0.0206%	1h	0.2130	+0.008%	$51K	—	100x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2128	−0.071%	$1K	$5K	15x	as long as short
Lighter ENA	+0.0440%	1h	0.2132	+0.123%	$5.5M	$13.8M	10x	as long as short
Hyperliquid ENA	+0.0461%	1h	0.2131	+0.072%	$114.6M	$71.5M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0648%	1h	0.2132	+0.133%	$838K	$1.6M	50x	as long as short