Funding arb · Price arb /

ENA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0052%/8h= −5.7% APRpaid last 24h −0.017%

Price spread now: 01 Exchange against Paradex−0.018%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 01 Exchange

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex ENA-USD-PERP	0.2180	0.0100	pay 0.0100% / 8h	2h 06m	$49K	$110	10x
Short	01 Exchange ENAUSD	0.2180	0.0048	get 0.0006% / 1h	6m 30s	$4K	$277	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.018%Rate

Funding earned: −$10.96
Price spread: −0.018% → 0.000%: −$1.85
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$23.81
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; 01 Exchange: 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 Paradex no order-book sample	—	—	—	—	—
Sell 01 Exchange no order-book sample	—	—	—	—	—

Paradex and 01 Exchange: 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	−0.0139%	4h	0.2180	−0.023%	$45K	$26K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2180	0.000%	$70K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2178	−0.092%	$84K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−2.596%	$522	$57K	5.5x	as long as short
01 Exchange ENAUSDshort	+0.0048%	1h	0.2180	−0.018%	$4K	$277	10x
Popdex ENAUSDT	+0.0096%	1h	0.2180	0.000%	$55K	$477K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2181	+0.041%	$579K	$1.8M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2184	+0.165%	$118.4M	$75.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2181	+0.049%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2182	+0.088%	$410K	$532K	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	0.2181	+0.030%	$132.1M	$426.4M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2180	−0.005%	$88.1M	$178.9M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2180	+0.018%	$21.8M	$109.8M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2175	−0.239%	$21K	$334K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2180	0.000%	$81K	$280K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2182	+0.069%	$96K	−$0	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2180	−0.009%	$11.6M	$24.8M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2181	+0.046%	$48.6M	$42.1M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2182	+0.110%	$25.4M	$15.7M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2179	−0.064%	$49.4M	$59.2M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2179	−0.028%	—	$31.4M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2175	−0.213%	$3.1M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2178	−0.106%	$254K	$7.0M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2177	−0.156%	$364K	$5.0M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2176	−0.184%	$20K	$650K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2180	+0.023%	$193K	$2.5M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2127	−2.445%	$943	$892K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2179	−0.046%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2178	−0.096%	$273K	$806K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2179	−0.046%	$1.8M	$8.8M	50x	as long as short
Paradex ENA-USD-PERPlong	+0.0100%	8h	0.2180	long leg	$49K	$110	10x
Extended ENA-USD	+0.0104%	1h	0.2179	−0.065%	$1.6M	$4.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2180	−0.023%	$76K	$4K	3x	as long as short
Phoenix ENA	+0.0153%	1h	0.2177	−0.115%	$8K	$278K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0158%	1h	0.2180	+0.011%	$2.7M	$4.3M	50x	as long as short
dYdX ENA-USD	+0.0202%	1h	0.2182	+0.074%	$144K	$16K	5x	as long as short
Lighter ENA	+0.0240%	1h	0.2184	+0.170%	$5.2M	$13.4M	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0310% / S −0.0753%	1h	0.2178	−0.107%	$60K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2178	−0.096%	$5.6M	$3.3M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2179	−0.023%	$1K	$5K	15x	as long as short
Backpack ENA_USDC_PERP	+0.0581%	1h	0.2180	0.000%	$395K	$421K	5x	as long as short
Coinbase International ENA-PERP-INTX	+0.0704%	1h	0.2181	+0.041%	$895K	$1.8M	50x	as long as short