Funding arb · Price arb /

ENA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0004%/8h= −0.5% APRpaid last 24h −0.001%

Price spread now: Paradex against Aevo+0.009%7-day average — · you sell dearer than you buy

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

Long on Aevo 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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo ENA-PERP	0.2111	0.0104	pay 0.0013% / 1h	13m 43s	$74K	$4K	3x
Short	Paradex ENA-USD-PERP	0.2111	0.0100	get 0.0100% / 8h	13m 43s	$47K	$110	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Aevo. 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 AevobpFee ParadexbpOrdersPrice spread, now +0.009%Rate

Funding earned: −$0.89
Price spread: +0.009% → 0.000%: $0.88
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$20.01
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; 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 Aevo no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

Aevo and 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	−0.0086%	4h	0.2111	+0.004%	$44K	$17K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2112	+0.056%	$54K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2111	−0.006%	$81K	—	150x	as long as short
01 Exchange ENAUSD	+0.0032%	1h	0.2109	−0.086%	$4K	$277	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.601%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2109	−0.081%	$53K	$484K	50x	as long as short
Paradex ENA-USD-PERPshort	+0.0100%	8h	0.2111	+0.009%	$47K	$110	10x
Nado ENA-PERP	+0.0100%	1h	0.2108	−0.117%	$564K	$1.8M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2112	+0.080%	$114.5M	$74.7M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2112	+0.070%	$1.4M	$3.3M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ENA	+0.0100%	1h	0.2110	−0.018%	$407K	$563K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2111	+0.028%	$128.5M	$425.1M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2109	−0.081%	$90.4M	$187.3M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2112	+0.037%	$21.1M	$107.1M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2109	−0.086%	$33K	$312K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2109	−0.081%	$78K	$281K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2105	−0.271%	$92K	$511	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2113	+0.122%	$13.0M	$27.3M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2114	+0.155%	$39.4M	$43.1M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2114	+0.136%	$24.9M	$15.8M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2109	−0.077%	$47.9M	$59.8M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2112	+0.084%	—	$6.5M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2113	+0.099%	$409K	$486K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2105	−0.251%	$3.0M	$9.9M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2106	−0.232%	$254K	$7.1M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2105	−0.267%	$355K	$4.7M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2106	−0.224%	$19K	$647K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2110	−0.015%	$182K	$2.6M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2060	−2.408%	$1K	$909K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2111	+0.013%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2112	+0.056%	$266K	$808K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2109	−0.081%	$1.8M	$8.9M	50x	as long as short
Lighter ENA	+0.0104%	1h	0.2113	+0.108%	$5.0M	$13.9M	10x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2112	+0.065%	$1.6M	$4.4M	50x	as long as short
Aevo ENA-PERPlong	+0.0104%	1h	0.2111	long leg	$74K	$4K	3x
Kraken Futures PF_ENAUSD	+0.0149%	1h	0.2112	+0.067%	$2.6M	$4.4M	50x	as long as short
Phoenix ENA	+0.0190%	1h	0.2109	−0.067%	$13K	$273K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0306% / S −0.0754%	1h	0.2108	−0.122%	$58K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2108	−0.148%	$5.5M	$3.4M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2106	−0.216%	$1K	—	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0656%	1h	0.2098	−0.607%	$867K	$1.8M	50x	as long as short
dYdX ENA-USD	+0.0877%	1h	0.2111	−0.007%	$139K	$16K	5x	as long as short