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 +0.011%

Price spread now: Paradex against Bitget+0.388%7-day average — · you sell dearer than you buy

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

Long on Bitget 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 0.388% dearer against Bitget than usual: you sell high and buy low, +$39 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	Bitget ENAUSDT	0.2103	0.0100	pay 0.0050% / 4h	2h 43m	$47.8M	$61.3M	75x
Short	Paradex ENA-USD-PERP	0.2111	0.0100	get 0.0100% / 8h	6h 43m	$47K	$110	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Bitget. 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 BitgetbpFee ParadexbpOrdersPrice spread, now +0.388%Rate

Funding earned: $0.06
Price spread: +0.388% → 0.000%: $38.82
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: $22.88
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Bitget: 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 Bitget live order book, 1 min ago	0.24 bp	10.7 bp −$11	18.4 bp −$184	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
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2110	+0.319%	$79K	$1.6M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2111	+0.357%	$90K	—	150x	as long as short
dYdX ENA-USD	+0.0032%	1h	0.2115	+0.553%	$140K	$15K	5x	as long as short
01 Exchange ENAUSD	+0.0032%	1h	0.2110	+0.347%	$4K	$302	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.965%	$522	$57K	5.5x	as long as short
Orderly PERP_ENA_USDC	+0.0037%	4h	0.2109	+0.290%	$41K	$23K	10x	as long as short
Backpack ENA_USDC_PERP	+0.0069%	1h	0.2106	+0.138%	$364K	$383K	5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2111	+0.376%	$53K	$526K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2109	+0.297%	$700K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2111	+0.360%	$1.5M	$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	0.2111	+0.395%	$414K	$548K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2103	−0.007%	$130.9M	$445.4M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2102	−0.043%	$86.0M	$187.1M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2103	0.000%	$20.9M	$107.9M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2111	+0.371%	$16K	$405K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2112	+0.423%	$115K	$253K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2106	+0.124%	$10.9M	$21.0M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2108	+0.219%	$44.8M	$43.7M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2111	+0.371%	$24.3M	$16.4M	75x	as long as short
Bitget ENAUSDTlong	+0.0100%	4h	0.2103	long leg	$47.8M	$61.3M	75x
BingX ENA-USDT	+0.0100%	4h	0.2104	+0.043%	—	$32.6M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2109	+0.284%	$3.8M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2116	+0.628%	$242K	$7.6M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2108	+0.232%	$357K	$4.8M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2116	+0.613%	$32K	$691K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2111	+0.380%	$178K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2059	−2.116%	$1K	$846K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2110	+0.328%	$3K	$10K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2112	+0.418%	$273K	$1.0M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2109	+0.281%	$1.9M	$9.3M	50x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2117	+0.650%	$93K	$4K	10x	as long as short
Paradex ENA-USD-PERPshort	+0.0100%	8h	0.2111	+0.388%	$47K	$110	10x
Aevo ENA-PERP	+0.0104%	1h	0.2110	+0.318%	$74K	$4K	3x	as long as short
Lighter ENA	+0.0168%	1h	0.2112	+0.428%	$5.5M	$13.6M	10x	as long as short
Phoenix ENA	+0.0188%	1h	0.2117	+0.651%	$7K	$351K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0250% / S −0.0206%	1h	0.2110	+0.338%	$50K	—	100x	as long as short
Kraken Futures PF_ENAUSD	+0.0253%	1h	0.2112	+0.404%	$2.6M	$4.9M	50x	as long as short
Extended ENA-USD	+0.0280%	1h	0.2108	+0.255%	$1.6M	$4.2M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2132	+1.393%	$5.7M	$2.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2110	+0.327%	$1K	$5K	15x	as long as short
Hyperliquid ENA	+0.0412%	1h	0.2107	+0.185%	$113.4M	$74.5M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0648%	1h	0.2111	+0.371%	$829K	$1.7M	50x	as long as short