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 +0.001%

Price spread now: Paradex against OKX−0.061%7-day average — · you buy dearer than you sell

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

Long on OKX 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 0.061% cheaper against OKX than usual: you would sell low and buy high, −$6 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	OKX ENA-USDT-SWAP	0.2118	0.0100	pay 0.0050% / 4h	12m 40s	$21.1M	$104.1M	50x
Short	Paradex ENA-USD-PERP	0.2116	0.0100	get 0.0100% / 8h	4h 12m	$47K	$110	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against OKX. 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 OKXbpFee ParadexbpOrdersPrice spread, now −0.061%Rate

Funding earned: $0
Price spread: −0.061% → 0.000%: −$6.07
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$20.07
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 1 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 OKX live order book, 1 min ago	0.24 bp	10.3 bp −$10	22.6 bp −$226	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	−0.0126%	1h	0.2120	+0.137%	$363K	$401K	5x	as long as short
Orderly PERP_ENA_USDC	−0.0073%	4h	0.2122	+0.203%	$44K	$25K	10x	as long as short
01 Exchange ENAUSD	−0.0040%	1h	0.2120	+0.123%	$4K	$302	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2121	+0.170%	$74K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2123	+0.247%	$82K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.274%	$522	$57K	5.5x	as long as short
Phoenix ENA	+0.0076%	1h	0.2118	+0.014%	$8K	$266K	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2118	+0.019%	$56K	$475K	50x	as long as short
Paradex ENA-USD-PERPshort	+0.0100%	8h	0.2116	−0.061%	$47K	$110	10x
Nado ENA-PERP	+0.0100%	1h	0.2119	+0.080%	$662K	$1.7M	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	0.2119	+0.071%	$1.5M	$3.2M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2117	−0.030%	$404K	$517K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2117	−0.037%	$129.0M	$416.9M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2117	−0.052%	$85.3M	$175.6M	50x	as long as short
OKX ENA-USDT-SWAPlong	+0.0100%	4h	0.2118	long leg	$21.1M	$104.1M	50x
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2112	−0.269%	$18K	$319K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2120	+0.113%	$79K	$276K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2116	−0.085%	$93K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2117	−0.038%	$11.1M	$22.3M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2117	−0.043%	$46.2M	$41.6M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2118	+0.024%	$24.6M	$15.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2114	−0.156%	$48.0M	$57.7M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2117	−0.024%	—	$32.3M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2115	−0.143%	$3.0M	$10.0M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2115	−0.118%	$245K	$6.9M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2116	−0.076%	$350K	$5.0M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2115	−0.123%	$20K	$650K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2119	+0.080%	$179K	$2.3M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2070	−2.267%	$1K	$849K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2119	+0.066%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2129	+0.515%	$275K	$796K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2120	+0.113%	$1.8M	$8.8M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2116	−0.053%	$1.6M	$4.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2121	+0.159%	$74K	$4K	3x	as long as short
Hyperliquid ENA	+0.0144%	1h	0.2120	+0.104%	$115.5M	$75.1M	10x	as long as short
Lighter ENA	+0.0168%	1h	0.2119	+0.066%	$5.2M	$13.5M	10x	as long as short
dYdX ENA-USD	+0.0168%	1h	0.2119	+0.048%	$140K	$15K	5x	as long as short
Kraken Futures PF_ENAUSD	+0.0242%	1h	0.2122	+0.188%	$2.6M	$4.3M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0306% / S −0.0358%	1h	0.2122	+0.193%	$70K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2121	+0.142%	$5.6M	$3.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2117	−0.012%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0632%	1h	0.2128	+0.496%	$870K	$1.7M	50x	as long as short