Funding arb · Price arb /

ENJ

all ENJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bybit against Binance−0.052%7-day average −0.074% · you buy dearer than you sell

Net, funding: paid 7d − costs−$128as in the Funding arb table

Net, price: spread back to 7d avg − costs−$125as in the Price arb table

costs, in and out, $10k−$1271.270% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.010%−$1 on $10k

Price spread, last 4 days (all we have)−0.076%−$8 · spread now −0.052%, 7d avg −0.074%

Together, before fees−0.085%−$9 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.022% dearer against Binance than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.074%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ENJUSDT	0.02822	0.0100	pay 0.0050% / 4h	28m 52s	$3.0M	$3.5M	50x
Short	Bybit ENJUSDT	0.02821	0.0100	get 0.0100% / 8h	4h 28m	$952K	$622K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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 BinancebpFee BybitbpOrdersPrice spread, now −0.052%Rate

Funding earned: $0
Price spread: −0.052% → −0.074%: $2.23
Slippage, 4 orders: −$105.99
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$124.76
Costs to cover: 1.270%
Break-even: never at this rate

Slippage from Binance: live order book, 7 min ago; Bybit: live order book, 26 min ago.

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 Binance live order book, 7 min ago	1.78 bp	19.9 bp −$20	77.8 bp −$778	doesn't fit	doesn't fit
Sell Bybit live order book, 26 min ago	5.31 bp	44.7 bp −$45	300.3 bp −$3,003	doesn't fit	doesn't fit

ENJ on 13 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
BloFin ENJ-USDT	+0.0081%	4h	0.02828	+0.210%	$133K	$102K	50x	as long as short
Aster ENJUSDT	+0.0100%	4h	0.02827	+0.160%	$18K	$5K	5x	as long as short
Binance ENJUSDTlong	+0.0100%	4h	0.02822	long leg	$3.0M	$3.5M	50x
Bybit ENJUSDTshort	+0.0100%	8h	0.02821	−0.052%	$952K	$622K	25x
OKX ENJ-USDT-SWAP	+0.0100%	4h	0.02819	−0.109%	$292K	$454K	10x	as long as short
Gate ENJ_USDT	+0.0100%	4h	0.02824	+0.069%	$109K	$34K	25x	as long as short
MEXC ENJ_USDT	+0.0100%	4h	0.02821	−0.038%	$2.0M	$839K	75x	as long as short
KuCoin ENJUSDTM	+0.0100%	4h	0.02825	+0.104%	$397K	$70K	30x	as long as short
Bitget ENJUSDT	+0.0100%	4h	0.02821	−0.038%	$698K	$275K	50x	as long as short
BingX ENJ-USDT	+0.0100%	4h	0.02825	+0.104%	—	$2.4M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ENJ	+0.0100%	8h	0.02823	+0.033%	$3K	$18K	—	as long as short
Extended ENJ-USD	+0.0104%	1h	0.02824	+0.057%	$2K	$189K	5x	as long as short
Kraken Futures PF_ENJUSD	+0.5510%	1h	0.02845	+0.827%	$26K	$8K	20x	as long as short