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−0.016%7-day average — · you buy dearer than you sell

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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex ENA-USD-PERP	0.2115	0.0100	pay 0.0100% / 8h	7h 47m	$47K	$221	10x
Short	HTX ENA-USDT	0.2115	0.0100	get 0.0050% / 4h	3h 47m	$274K	$1.4M	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 −0.016%Rate

Funding earned: $0
Price spread: −0.016% → 0.000%: −$1.61
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee HTX: 6 bp × 2 orders: −$12
Net: −$17.61
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; HTX: live order book, 1 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, 1 min ago	19.83 bp	31.6 bp −$32	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 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	−0.0101%	1h	0.2112	−0.134%	$376K	$420K	5x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2112	−0.158%	$94K	$1.7M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2112	−0.171%	$96K	—	150x	as long as short
Orderly PERP_ENA_USDC	+0.0019%	4h	0.2112	−0.177%	$41K	$24K	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.386%	$522	$57K	5.5x	as long as short
dYdX ENA-USD	+0.0064%	1h	0.2115	−0.013%	$140K	$15K	5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2115	−0.011%	$63K	$525K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2111	−0.205%	$668K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2115	−0.014%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2117	+0.068%	$410K	$555K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ENAUSDT	+0.0100%	4h	0.2116	+0.058%	$131.3M	$447.8M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2116	+0.031%	$89.0M	$187.7M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2115	+0.008%	$20.7M	$109.5M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2111	−0.205%	$15K	$392K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2117	+0.083%	$84K	$222K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2113	−0.106%	$89K	−$0	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2116	+0.017%	$10.8M	$20.7M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2116	+0.045%	$46.3M	$44.1M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2117	+0.069%	$24.3M	$16.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2114	−0.035%	$48.0M	$62.4M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2116	+0.041%	—	$32.6M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2115	−0.001%	$3.9M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2111	−0.196%	$246K	$7.6M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2120	+0.211%	$353K	$4.7M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2116	+0.036%	$34K	$713K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2112	−0.172%	$180K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2064	−2.418%	$997	$828K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2111	−0.200%	$4K	$11K	10x	as long as short
HTX ENA-USDTshort	+0.0100%	4h	0.2115	−0.016%	$274K	$1.4M	50x
Paradex ENA-USD-PERPlong	+0.0100%	8h	0.2115	long leg	$47K	$221	10x
Aevo ENA-PERP	+0.0104%	1h	0.2112	−0.168%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0150%	1h	0.2114	−0.040%	$7K	$347K	10x	as long as short
01 Exchange ENAUSD	+0.0208%	1h	0.2117	+0.078%	$4K	$302	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0236%	1h	0.2113	−0.103%	$2.7M	$5.1M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0250% / S −0.0434%	1h	0.2111	−0.192%	$38K	—	100x	as long as short
Extended ENA-USD	+0.0264%	1h	0.2115	+0.004%	$1.6M	$4.3M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2114	−0.082%	$5.6M	$4.0M	75x	as long as short
Phemex ENAUSDT	+0.0385%	4h	0.2112	−0.153%	$1.9M	$9.3M	50x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2110	−0.228%	$1K	$5K	15x	as long as short
Lighter ENA	+0.0608%	1h	0.2119	+0.178%	$5.6M	$12.5M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0608%	1h	0.2116	+0.055%	$836K	$1.9M	50x	as long as short
Hyperliquid ENA	+0.0621%	1h	0.2119	+0.164%	$114.3M	$76.3M	10x	as long as short