Funding arb · Price arb /

ENJ

all ENJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.5689%/8h= +622.9% APRpaid last 24h −0.308%

Price spread now: Kraken Futures against Bybit+0.823%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$171 a day on $10k at the current rate, and Kraken Futures is 0.823% dearer against Bybit than usual: you sell high and buy low: +$82 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ENJUSDT	0.02825	0.0100	pay 0.0100% / 8h	47m 30s	$965K	$593K	25x
Short	Kraken Futures PF_ENJUSD	0.02848	0.5789	get 0.0724% / 1h	47m 30s	$26K	$8K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.823%Rate

Funding earned: $1,194.59
Price spread: +0.823% → 0.000%: $82.34
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $1,255.93
Costs to cover: 0.210%
Break-even: from the start

Slippage unknown: Bybit: live order book, 28 min ago; Kraken Futures: no order-book sample. Net counts fees only.

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, 28 min ago	5.31 bp	40.4 bp −$40	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	+0.0050%	4h	0.02832	+0.248%	$135K	$61K	50x	as long as short
Aster ENJUSDT	+0.0100%	4h	0.02828	+0.118%	$18K	$5K	5x	as long as short
Binance ENJUSDT	+0.0100%	4h	0.02826	+0.023%	$3.0M	$3.4M	50x	as long as short
Bybit ENJUSDTlong	+0.0100%	8h	0.02825	long leg	$965K	$593K	25x
OKX ENJ-USDT-SWAP	+0.0100%	4h	0.02826	+0.035%	$299K	$445K	10x	as long as short
Gate ENJ_USDT	+0.0100%	4h	0.02829	+0.142%	$110K	$33K	25x	as long as short
MEXC ENJ_USDT	+0.0100%	4h	0.02826	+0.035%	$2.0M	$726K	75x	as long as short
KuCoin ENJUSDTM	+0.0100%	4h	0.02829	+0.142%	$404K	$75K	30x	as long as short
Bitget ENJUSDT	+0.0100%	4h	0.02825	0.000%	$712K	$277K	50x	as long as short
BingX ENJ-USDT	+0.0100%	4h	0.02829	+0.142%	—	$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	0.02828	+0.094%	$19K	$2K	—	as long as short
Extended ENJ-USD	+0.0104%	1h	0.02826	+0.039%	$1K	$220K	5x	as long as short
Kraken Futures PF_ENJUSDshort	+0.5789%	1h	0.02848	+0.823%	$26K	$8K	20x