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 −0.006%

Price spread now: Gate against Paradex+0.077%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 Gate

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: Gate is 0.077% dearer against Paradex than usual: you sell high and buy low, +$8 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	0.2118	0.0100	pay 0.0100% / 8h	5h 54m	$47K	$110	10x
Short	Gate ENA_USDT	0.2119	0.0100	get 0.0050% / 4h	1h 54m	$11.1M	$21.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.077%Rate

Funding earned: −$0.02
Price spread: +0.077% → 0.000%: $7.71
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$11.3
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Gate: live order book, 4 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 Gate live order book, 4 min ago	4.95 bp	17.0 bp −$17	31.3 bp −$313	58.0 bp −$5,801	99.8 bp −$49.9K

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	0.2117	−0.027%	$79K	$1.3M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2118	+0.003%	$87K	—	150x	as long as short
Orderly PERP_ENA_USDC	+0.0026%	4h	0.2116	−0.088%	$44K	$27K	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.261%	$522	$57K	5.5x	as long as short
01 Exchange ENAUSD	+0.0040%	1h	0.2119	+0.063%	$4K	$302	10x	as long as short
dYdX ENA-USD	+0.0073%	1h	0.2119	+0.069%	$140K	$15K	5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2117	−0.041%	$54K	$501K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2118	+0.002%	$684K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2122	+0.205%	$114.1M	$71.7M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2119	+0.044%	$1.5M	$3.3M	50x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ENA	+0.0100%	1h	0.2119	+0.064%	$414K	$519K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2121	+0.159%	$130.5M	$427.5M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2121	+0.148%	$86.8M	$178.2M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2122	+0.176%	$20.8M	$104.1M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2121	+0.129%	$19K	$383K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2119	+0.054%	$78K	$288K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2117	−0.041%	$93K	$4K	10x	as long as short
Gate ENA_USDTshort	+0.0100%	4h	0.2119	+0.077%	$11.1M	$21.1M	50x
MEXC ENA_USDT	+0.0100%	4h	0.2120	+0.087%	$45.5M	$41.6M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2119	+0.058%	$24.6M	$15.8M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2118	+0.025%	$48.3M	$58.4M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2120	+0.105%	—	$32.4M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2128	+0.478%	$3.8M	$9.9M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2115	−0.135%	$247K	$7.4M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2114	−0.174%	$360K	$4.8M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2115	−0.135%	$32K	$646K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2118	+0.006%	$182K	$2.3M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2068	−2.364%	$1K	$841K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2118	+0.006%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2123	+0.238%	$276K	$787K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2118	+0.006%	$1.8M	$8.8M	50x	as long as short
Paradex ENA-USD-PERPlong	+0.0100%	8h	0.2118	long leg	$47K	$110	10x
Aevo ENA-PERP	+0.0104%	1h	0.2117	−0.017%	$74K	$4K	3x	as long as short
Extended ENA-USD	+0.0136%	1h	0.2117	−0.040%	$1.6M	$4.1M	50x	as long as short
Lighter ENA	+0.0152%	1h	0.2122	+0.186%	$5.5M	$13.6M	10x	as long as short
Phoenix ENA	+0.0188%	1h	0.2121	+0.143%	$7K	$298K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0251% / S −0.0206%	1h	0.2118	+0.018%	$50K	—	100x	as long as short
Backpack ENA_USDC_PERP	+0.0266%	1h	0.2120	+0.124%	$381K	$359K	5x	as long as short
Kraken Futures PF_ENAUSD	+0.0284%	1h	0.2119	+0.059%	$2.7M	$4.3M	50x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2117	−0.062%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0664%	1h	0.2131	+0.634%	$838K	$1.6M	50x	as long as short