Funding arb · Price arb /

ENJ

all ENJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Bitget+0.106%7-day average +0.057% · you sell dearer than you buy

Net, funding: paid 7d − costs−$520as in the Funding arb table

Net, price: spread back to 7d avg − costs−$487as in the Price arb table

costs, in and out, $10k−$4924.917% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.282%−$28 on $10k

Price spread, last 4 days (all we have)+0.042%+$4 · spread now +0.106%, 7d avg +0.057%

Together, before fees−0.241%−$24 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: KuCoin is 0.050% dearer against Bitget than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.057%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ENJUSDT	0.02824	0.0100	pay 0.0050% / 4h	2h 28m	$699K	$265K	50x
Short	KuCoin ENJUSDTM	0.02827	0.0100	get 0.0050% / 4h	2h 28m	$398K	$78K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bitget. 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 BitgetbpFee KuCoinbpOrdersPrice spread, now +0.106%Rate

Funding earned: $0
Price spread: +0.106% → +0.057%: $4.96
Slippage, 4 orders: −$467.68
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$486.72
Costs to cover: 4.917%
Break-even: never at this rate

Slippage from Bitget: live order book, 56 min ago; KuCoin: live order book, 52 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 Bitget live order book, 56 min ago	7.09 bp	36.4 bp −$36	118.8 bp −$1,188	doesn't fit	doesn't fit
Sell KuCoin live order book, 52 min ago	15.91 bp	192.2 bp −$192	doesn't fit	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
Aster ENJUSDT	+0.0100%	4h	0.02826	+0.054%	$18K	$3K	5x	as long as short
Binance ENJUSDT	+0.0100%	4h	0.02825	+0.035%	$3.1M	$3.2M	50x	as long as short
Bybit ENJUSDT	+0.0100%	8h	0.02821	−0.096%	$961K	$576K	25x	as long as short
OKX ENJ-USDT-SWAP	+0.0100%	4h	0.02827	+0.106%	$297K	$430K	10x	as long as short
Gate ENJ_USDT	+0.0100%	4h	0.02824	0.000%	$110K	$32K	25x	as long as short
MEXC ENJ_USDT	+0.0100%	4h	0.02825	+0.035%	$2.0M	$805K	75x	as long as short
KuCoin ENJUSDTMshort	+0.0100%	4h	0.02827	+0.106%	$398K	$78K	30x
Bitget ENJUSDTlong	+0.0100%	4h	0.02824	long leg	$699K	$265K	50x
BingX ENJ-USDT	+0.0100%	4h	0.02823	−0.035%	—	$2.4M	—	as long as short
Variational Omni ENJ	+0.0100%	8h	0.02822	−0.075%	$19K	$2K	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended ENJ-USD	+0.0104%	1h	0.02825	+0.025%	$1K	$220K	5x	as long as short
BloFin ENJ-USDT	+0.0106%	4h	0.02825	+0.035%	$138K	$61K	50x	as long as short
Kraken Futures PF_ENJUSD	+0.5424%	1h	0.02844	+0.709%	$26K	$8K	20x	as long as short