Funding arb · Price arb /

ENJ

all ENJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0015%/8h= +1.6% APRpaid last 24h −0.002%

Price spread now: Bybit against BloFin−0.014%7-day average −0.080% · you buy dearer than you sell

Net, funding: paid 7d − costs−$101as in the Funding arb table

Net, price: spread back to 7d avg − costs−$94as in the Price arb table

costs, in and out, $10k−$1011.007% of the position

Long on BloFin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.039%−$4 · spread now −0.014%, 7d avg −0.080%

Together, before fees−0.040%−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Bybit is 0.065% dearer against BloFin than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.080%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ENJ-USDT	0.02812	0.0085	pay 0.0043% / 4h	49m 12s	$133K	$102K	50x
Short	Bybit ENJUSDT	0.02812	0.0100	get 0.0100% / 8h	4h 49m	$957K	$593K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BloFin. 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 BloFinbpFee BybitbpOrdersPrice spread, now −0.014%Rate

Funding earned: $3.13
Price spread: −0.014% → −0.080%: $6.54
Slippage, 4 orders: −$77.68
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$91
Costs to cover: 1.007%
Break-even: 210.4 days

Slippage from BloFin: live order book, 42 min ago; Bybit: live order book, 6 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 BloFin live order book, 42 min ago	1.77 bp	7.8 bp −$8	48.0 bp −$480	doesn't fit	doesn't fit
Sell Bybit live order book, 6 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-USDTlong	+0.0085%	4h	0.02812	long leg	$133K	$102K	50x
Aster ENJUSDT	+0.0100%	4h	0.02812	−0.003%	$18K	$5K	5x	as long as short
Binance ENJUSDT	+0.0100%	4h	0.02811	−0.036%	$3.0M	$3.5M	50x	as long as short
Bybit ENJUSDTshort	+0.0100%	8h	0.02812	−0.014%	$957K	$593K	25x
OKX ENJ-USDT-SWAP	+0.0100%	4h	0.02811	−0.036%	$292K	$444K	10x	as long as short
Gate ENJ_USDT	+0.0100%	4h	0.02815	+0.107%	$108K	$34K	25x	as long as short
MEXC ENJ_USDT	+0.0100%	4h	0.02811	−0.036%	$2.0M	$794K	75x	as long as short
KuCoin ENJUSDTM	+0.0100%	4h	0.02814	+0.071%	$395K	$70K	30x	as long as short
Bitget ENJUSDT	+0.0100%	4h	0.02812	0.000%	$718K	$254K	50x	as long as short
BingX ENJ-USDT	+0.0100%	4h	0.02811	−0.036%	—	$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	0.02812	−0.017%	$19K	$2K	—	as long as short
Extended ENJ-USD	+0.0104%	1h	0.02810	−0.072%	$1K	$187K	5x	as long as short
Kraken Futures PF_ENJUSD	+0.5542%	1h	0.02829	+0.603%	$26K	$8K	20x	as long as short