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 +0.054%

Price spread now: Aster against Paradex+0.012%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 Aster

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 · Aster: Stage 5 · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex ENA-USD-PERP	0.2128	0.0100	pay 0.0100% / 8h	5h 59m	$48K	$110	10x
Short	Aster ENAUSDT	0.2128	0.0100	get 0.0050% / 4h	1h 59m	$1.5M	$3.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now +0.012%Rate

Funding earned: −$0.02
Price spread: +0.012% → 0.000%: $1.25
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Aster: 4 bp × 2 orders: −$8
Net: −$10.77
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Aster: 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 Aster live order book, 4 min ago	2.82 bp	10.4 bp −$10	19.3 bp −$193	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 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
Polymarket Perps ENA-USD	−0.0241%	1h	0.2126	−0.086%	$183K	$2.3M	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2125	−0.143%	$79K	$1.3M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2125	−0.152%	$87K	—	150x	as long as short
dYdX ENA-USD	+0.0011%	1h	0.2128	+0.017%	$141K	$15K	5x	as long as short
Orderly PERP_ENA_USDC	+0.0030%	4h	0.2123	−0.223%	$44K	$27K	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−0.204%	$522	$57K	5.5x	as long as short
01 Exchange ENAUSD	+0.0088%	1h	0.2127	−0.030%	$4K	$302	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2126	−0.082%	$54K	$504K	50x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2127	−0.058%	$114.3M	$71.6M	10x	as long as short
Aster ENAUSDTshort	+0.0100%	4h	0.2128	+0.012%	$1.5M	$3.3M	50x

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ENA	+0.0100%	1h	0.2129	+0.067%	$416K	$519K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2125	−0.133%	$130.8M	$429.7M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2124	−0.199%	$86.9M	$179.5M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2124	−0.194%	$20.8M	$104.5M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2127	−0.039%	$19K	$384K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2127	−0.035%	$79K	$288K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2109	−0.857%	$93K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2125	−0.138%	$11.1M	$21.1M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2125	−0.129%	$45.6M	$41.6M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2126	−0.096%	$24.7M	$15.9M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2122	−0.251%	$48.3M	$58.7M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2124	−0.171%	—	$6.5M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2123	−0.232%	$383K	$366K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2129	+0.040%	$3.8M	$10.0M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2128	+0.033%	$249K	$7.5M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2124	−0.166%	$361K	$4.9M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2130	+0.106%	$32K	$649K	50x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2073	−2.554%	$1K	$843K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2124	−0.176%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2129	+0.055%	$277K	$789K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2124	−0.176%	$1.9M	$9.0M	50x	as long as short
Paradex ENA-USD-PERPlong	+0.0100%	8h	0.2128	long leg	$48K	$110	10x
Aevo ENA-PERP	+0.0104%	1h	0.2124	−0.165%	$74K	$4K	3x	as long as short
Extended ENA-USD	+0.0144%	1h	0.2123	−0.209%	$1.6M	$4.1M	50x	as long as short
Phoenix ENA	+0.0188%	1h	0.2122	−0.284%	$7K	$291K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0251% / S −0.0206%	1h	0.2124	−0.176%	$51K	—	100x	as long as short
Lighter ENA	+0.0264%	1h	0.2126	−0.067%	$5.5M	$13.6M	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0283%	1h	0.2126	−0.088%	$2.7M	$4.3M	50x	as long as short
Nado ENA-PERP	+0.0375%	1h	0.2125	−0.147%	$686K	$1.7M	10x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2124	−0.176%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0664%	1h	0.2131	+0.168%	$838K	$1.6M	50x	as long as short