Funding arb · Price arb /

ENA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Paradex against SunX+2.408%7-day average — · you sell dearer than you buy

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

Long on SunX 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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 2.408% dearer against SunX than usual: you sell high and buy low, +$241 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	SunX ENA-USDT	0.2041	0.0100	pay 0.0050% / 4h	1h 35m	$1K	$815K	20x
Short	Paradex ENA-USD-PERP	0.2091	0.0100	get 0.0100% / 8h	1h 35m	$47K	$221	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against SunX. 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 SunXbpFee ParadexbpOrdersPrice spread, now +2.408%Rate

Funding earned: $0
Price spread: +2.408% → 0.000%: $240.77
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: $228.77
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: SunX: live order book, 36 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 SunX live order book, 36 min ago	258.49 bp	doesn't fit	doesn't fit	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
Backpack ENA_USDC_PERP	−0.0068%	1h	0.2090	+2.366%	$361K	$481K	5x	as long as short
Orderly PERP_ENA_USDC	−0.0065%	4h	0.2090	+2.390%	$40K	$24K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2091	+2.439%	$92K	$1.8M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2092	+2.478%	$96K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+4.012%	$522	$57K	5.5x	as long as short
Kraken Futures PF_ENAUSD	+0.0066%	1h	0.2090	+2.376%	$2.6M	$5.6M	50x	as long as short
01 Exchange ENAUSD	+0.0096%	1h	0.2093	+2.508%	$4K	$432	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2092	+2.474%	$59K	$537K	50x	as long as short
Paradex ENA-USD-PERPshort	+0.0100%	8h	0.2091	+2.408%	$47K	$221	10x
Nado ENA-PERP	+0.0100%	1h	0.2092	+2.461%	$658K	$1.8M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ENAUSDT	+0.0100%	4h	0.2092	+2.492%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2092	+2.479%	$405K	$581K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2092	+2.456%	$128.9M	$460.0M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2091	+2.410%	$86.9M	$191.6M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2092	+2.488%	$20.2M	$111.9M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2094	+2.581%	$15K	$416K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2093	+2.523%	$82K	$222K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2098	+2.760%	$88K	$1K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2091	+2.439%	$10.4M	$21.2M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2091	+2.444%	$44.8M	$46.7M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2091	+2.425%	$23.9M	$16.5M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2091	+2.420%	$47.4M	$65.1M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2091	+2.439%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2096	+2.680%	$3.8M	$10.4M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2099	+2.827%	$249K	$7.8M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2100	+2.865%	$355K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2100	+2.866%	$32K	$711K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2093	+2.513%	$187K	$2.8M	10x	as long as short
SunX ENA-USDTlong	+0.0100%	4h	0.2041	long leg	$1K	$815K	20x
SoDEX ENA-USD	+0.0100%	1h	0.2090	+2.376%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2099	+2.812%	$274K	$1.5M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2088	+2.278%	$1.9M	$9.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2091	+2.413%	$77K	$11K	3x	as long as short
Phoenix ENA	+0.0115%	1h	0.2099	+2.817%	$5K	$356K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0228% / S −0.0383%	1h	0.2091	+2.443%	$38K	—	100x	as long as short
Extended ENA-USD	+0.0288%	1h	0.2090	+2.393%	$1.6M	$4.2M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2095	+2.616%	$5.5M	$8.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2092	+2.458%	$1K	$5K	15x	as long as short
Lighter ENA	+0.0504%	1h	0.2095	+2.601%	$5.6M	$12.9M	10x	as long as short
Hyperliquid ENA	+0.0552%	1h	0.2096	+2.660%	$110.7M	$79.5M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0576%	1h	0.2097	+2.709%	$805K	$2.1M	50x	as long as short
dYdX ENA-USD	+0.1909%	1h	0.2093	+2.511%	$138K	$15K	5x	as long as short