Right now you probably do not utilize the index at all. There is some ambiguity how a hibernate limit/offset will translate to database operations (see this comment in the case of postgres). It may imply overhead as described in detail in a reply to this post.
If you have a direct relationship of offset and limit to the values of the id column you could use that in a query of the form
SELECT e
FROM Entity
WHERE id >= offset and id < offset + limit
Given the number of records asked for is significantly smaller than the total number of records int the table the database will use the index.
The next thing is, that 40 columns is quite a bit. If you actually need significantly less for your purpose, you could define a restricted entity with just the attributes required and query for that one. This should take out some more overhead.
If you're still not within performance requirements you could chose to take a jdbc connection/query instead of using hibernate.
Btw. you could log the actual sql issued by jpa/hibernate and use it to get an execution plan from postgress, this will show you what the query actually looks like and if an index will be utilized or not. Further you could monitor the database's query execution times to get an idea which fraction of the processing time is consumed by it and which is consumed by your java client plus data transfer overhead.