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: Paradex against MEXC+0.004%46s7-day average — · you sell dearer than you buy

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

Long on MEXC 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	MEXC ENA_USDT	0.2114	0.0100	pay 0.0050% / 4h	4m 57s	$39.3M	$43.4M	200x
Short	Paradex ENA-USD-PERP	0.2114	0.0100	get 0.0100% / 8h	4m 57s	$47K	$110	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against MEXC. 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 MEXCbpFee ParadexbpOrdersPrice spread, now +0.004%Rate

Funding earned: −$0.04
Price spread: +0.004% → 0.000%: $0.42
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$3.62
Costs to cover: 0.040%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 4 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 MEXC live order book, 4 min ago	0.24 bp	2.1 bp −$2	7.6 bp −$76	44.3 bp −$4,425	66.8 bp −$33.4K
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
Orderly PERP_ENA_USDC	−0.0082%	4h	0.2116	+0.066%	$44K	$17K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2117	+0.132%	$54K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2115	+0.025%	$81K	—	150x	as long as short
01 Exchange ENAUSD	+0.0032%	1h	0.2118	+0.166%	$4K	$277	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.435%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2117	+0.132%	$53K	$485K	50x	as long as short
Paradex ENA-USD-PERPshort	+0.0100%	8h	0.2114	+0.004%	$47K	$110	10x
Nado ENA-PERP	+0.0100%	1h	0.2117	+0.114%	$567K	$1.8M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2116	+0.104%	$114.8M	$74.7M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2116	+0.079%	$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	0.2116	+0.092%	$408K	$562K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2114	+0.008%	$128.7M	$424.8M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2113	−0.071%	$90.6M	$187.4M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2115	+0.047%	$21.2M	$107.2M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2115	+0.043%	$33K	$311K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2118	+0.180%	$79K	$281K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2118	+0.203%	$92K	$511	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2115	+0.028%	$13.1M	$27.4M	50x	as long as short
MEXC ENA_USDTlong	+0.0100%	4h	0.2114	long leg	$39.3M	$43.4M	200x
KuCoin ENAUSDTM	+0.0100%	4h	0.2116	+0.090%	$25.0M	$15.8M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2113	−0.057%	$48.0M	$59.6M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2114	−0.009%	—	$6.5M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2116	+0.095%	$410K	$483K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2114	−0.025%	$3.1M	$9.9M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2116	+0.106%	$255K	$7.0M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2117	+0.134%	$358K	$4.7M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2116	+0.085%	$19K	$646K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2117	+0.137%	$182K	$2.6M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2065	−2.322%	$1K	$908K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2115	+0.038%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2120	+0.270%	$267K	$808K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2115	+0.038%	$1.9M	$8.9M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2113	−0.069%	$1.6M	$4.3M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2116	+0.073%	$74K	$4K	3x	as long as short
Lighter ENA	+0.0144%	1h	0.2118	+0.161%	$5.0M	$13.9M	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0148%	1h	0.2116	+0.068%	$2.6M	$4.3M	50x	as long as short
Phoenix ENA	+0.0190%	1h	0.2118	+0.170%	$13K	$273K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0307% / S −0.0754%	1h	0.2115	+0.060%	$58K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2115	+0.043%	$5.6M	$3.4M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2115	+0.055%	$1K	—	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0656%	1h	0.2115	+0.061%	$799K	$1.9M	50x	as long as short
dYdX ENA-USD	+0.0791%	1h	0.2115	+0.024%	$140K	$16K	5x	as long as short