Funding arb · Price arb /

ENA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: BingX against Paradex+0.008%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 BingX

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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex ENA-USD-PERP	0.2097	0.0100	pay 0.0100% / 8h	37m 33s	$47K	$110	10x
Short	BingX ENA-USDT	0.2097	0.0100	get 0.0050% / 4h	37m 33s	—	$31.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.008%Rate

Funding earned: $0.08
Price spread: +0.008% → 0.000%: $0.78
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee BingX: 5 bp × 2 orders: −$10
Net: −$13.14
Costs to cover: 0.140%
Break-even: 1140.0 days

Slippage unknown: Paradex: no order-book sample; BingX: live order book, 16 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 BingX live order book, 16 min ago	1.19 bp	6.2 bp −$6	7.9 bp −$79	15.1 bp −$1,508	38.7 bp −$19.4K

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	−0.0095%	4h	0.2099	+0.108%	$44K	$17K	10x	as long as short
01 Exchange ENAUSD	0.0000%	1h	0.2095	−0.111%	$4K	$277	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2100	+0.132%	$54K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2099	+0.120%	$81K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+1.262%	$522	$57K	5.5x	as long as short
Lighter ENA	+0.0096%	1h	0.2099	+0.103%	$4.9M	$13.8M	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2094	−0.140%	$55K	$478K	50x	as long as short
Paradex ENA-USD-PERPlong	+0.0100%	8h	0.2097	long leg	$47K	$110	10x
Nado ENA-PERP	+0.0100%	1h	0.2095	−0.107%	$557K	$1.8M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2097	+0.003%	$113.7M	$74.9M	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	0.2096	−0.045%	$1.4M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2097	+0.017%	$404K	$563K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2095	−0.085%	$127.3M	$425.2M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2094	−0.145%	$89.6M	$187.2M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2095	−0.078%	$21.0M	$106.6M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2107	+0.504%	$38K	$318K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2096	−0.045%	$77K	$281K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2096	−0.058%	$91K	$511	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2098	+0.055%	$12.7M	$26.9M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2095	−0.083%	$39.0M	$42.9M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2096	−0.059%	$24.7M	$15.8M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2093	−0.169%	$47.6M	$59.7M	75x	as long as short
BingX ENA-USDTshort	+0.0100%	4h	0.2097	+0.008%	—	$31.4M	—
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2099	+0.075%	$406K	$492K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2106	+0.444%	$3.0M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2099	+0.091%	$253K	$7.1M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2100	+0.136%	$362K	$4.8M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2109	+0.575%	$19K	$646K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2095	−0.078%	$185K	$2.6M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2049	−2.277%	$1K	$905K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2098	+0.051%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2101	+0.184%	$264K	$817K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2098	+0.051%	$1.8M	$8.8M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2096	−0.028%	$1.6M	$4.4M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2100	+0.125%	$73K	$4K	3x	as long as short
Kraken Futures PF_ENAUSD	+0.0150%	1h	0.2099	+0.115%	$2.6M	$4.4M	50x	as long as short
Phoenix ENA	+0.0190%	1h	0.2108	+0.547%	$8K	$273K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0306% / S −0.0754%	1h	0.2094	−0.119%	$58K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2100	+0.127%	$5.5M	$3.3M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2094	−0.129%	$1K	—	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0656%	1h	0.2102	+0.237%	$869K	$1.8M	50x	as long as short
dYdX ENA-USD	+0.0803%	1h	0.2096	−0.030%	$138K	$16K	5x	as long as short