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: Binance against Bybit+0.040%7-day average +0.077% · you sell dearer than you buy

Net, funding: paid 7d − costs−$122as in the Funding arb table

Net, price: spread back to 7d avg − costs−$127as in the Price arb table

costs, in and out, $10k−$1231.230% of the position

Long on Bybit Short on Binance

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)+0.047%+$5 · spread now +0.040%, 7d avg +0.077%

Together, before fees+0.057%+$6 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: Binance is 0.037% cheaper against Bybit than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.077%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ENJUSDT	0.02835	0.0100	pay 0.0100% / 8h	7h 15m	$970K	$597K	25x
Short	Binance ENJUSDT	0.02836	0.0100	get 0.0050% / 4h	3h 15m	$3.0M	$3.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now +0.040%Rate

Funding earned: $0
Price spread: +0.040% → +0.077%: −$3.66
Slippage, 4 orders: −$102.05
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$126.71
Costs to cover: 1.230%
Break-even: never at this rate

Slippage from Bybit: live order book, 55 min ago; Binance: 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 Bybit live order book, 55 min ago	1.78 bp	42.1 bp −$42	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	3.53 bp	18.4 bp −$18	69.6 bp −$696	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	0.02832	−0.080%	$18K	$5K	5x	as long as short
Binance ENJUSDTshort	+0.0100%	4h	0.02836	+0.040%	$3.0M	$3.5M	50x
Bybit ENJUSDTlong	+0.0100%	8h	0.02835	long leg	$970K	$597K	25x
OKX ENJ-USDT-SWAP	+0.0100%	4h	0.02836	+0.046%	$296K	$442K	10x	as long as short
Gate ENJ_USDT	+0.0100%	4h	0.02832	−0.095%	$110K	$32K	25x	as long as short
MEXC ENJ_USDT	+0.0100%	4h	0.02835	+0.011%	$2.0M	$750K	75x	as long as short
KuCoin ENJUSDTM	+0.0100%	4h	0.02836	+0.046%	$397K	$75K	30x	as long as short
Bitget ENJUSDT	+0.0100%	4h	0.02833	−0.060%	$713K	$244K	50x	as long as short
BingX ENJ-USDT	+0.0100%	4h	0.02832	−0.095%	—	$2.4M	—	as long as short
Variational Omni ENJ	+0.0100%	8h	0.02833	−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	0.02834	−0.011%	$278	$189K	5x	as long as short
BloFin ENJ-USDT	+0.0112%	4h	0.02830	−0.166%	$134K	$59K	50x	as long as short
Kraken Futures PF_ENJUSD	+0.5529%	1h	0.02854	+0.669%	$26K	$8K	20x	as long as short