Funding arb · Price arb /

ENJ

all ENJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.009%

Price spread now: BingX against Extended−0.015%7-day average +0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$159as in the Funding arb table

Net, price: spread back to 7d avg − costs−$166as in the Price arb table

costs, in and out, $10k−$1631.631% of the position

Long on Extended Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.038%+$4 on $10k

Price spread, last 4 days (all we have)−0.056%−$6 · spread now −0.015%, 7d avg +0.009%

Together, before fees−0.018%+ Points / potential airdropExtended: Active · farm board−$2 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: BingX is 0.025% cheaper against Extended than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ENJ-USD	0.02797	0.0104	pay 0.0013% / 1h	58m 52s	$5K	$288K	5x
Short	BingX ENJ-USDT	0.02797	0.0100	get 0.0050% / 4h	1h 58m	—	$2.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpFee BingXbpOrdersPrice spread, now −0.015%Rate

Funding earned: −$0.84
Price spread: −0.015% → +0.009%: −$2.46
Slippage, 4 orders: −$148.1
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BingX: 5 bp × 2 orders: −$10
Net: −$166.4
Costs to cover: 1.631%
Break-even: never at this rate

Slippage from Extended: live order book, 51 min ago; BingX: live order book, 3 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 Extended live order book, 51 min ago	4.63 bp	39.7 bp −$40	267.6 bp −$2,676	doesn't fit	doesn't fit
Sell BingX live order book, 3 min ago	26.83 bp	40.5 bp −$41	79.3 bp −$793	717.1 bp −$71.7K	1256.8 bp −$628.4K

ENJ on 13 exchanges

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
Kraken Futures PF_ENJUSD	−0.0493%	1h	0.02801	+0.116%	$22K	$15K	20x	as long as short
Aster ENJUSDT	+0.0100%	4h	0.02799	+0.070%	$17K	$8K	5x	as long as short
Binance ENJUSDT	+0.0100%	4h	0.02798	+0.021%	$3.0M	$3.4M	50x	as long as short
Bybit ENJUSDT	+0.0100%	8h	0.02797	−0.022%	$925K	$533K	25x	as long as short
OKX ENJ-USDT-SWAP	+0.0100%	4h	0.02798	+0.021%	$287K	$369K	10x	as long as short
Gate ENJ_USDT	+0.0100%	4h	0.02801	+0.128%	$107K	$37K	25x	as long as short
MEXC ENJ_USDT	+0.0100%	4h	0.02798	+0.021%	$1.8M	$864K	75x	as long as short
KuCoin ENJUSDTM	+0.0100%	4h	0.02799	+0.056%	$415K	$62K	30x	as long as short
Bitget ENJUSDT	+0.0100%	4h	0.02800	+0.092%	$705K	$230K	50x	as long as short
BingX ENJ-USDTshort	+0.0100%	4h	0.02797	−0.015%	—	$2.4M	—

Show all 13 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ENJ	+0.0100%	8h	0.02794	−0.128%	$2K	$19K	—	as long as short
Extended ENJ-USDlong	+0.0104%	1h	0.02797	long leg	$5K	$288K	5x
BloFin ENJ-USDT	+0.0125%	4h	0.02800	+0.092%	$129K	$95K	50x	as long as short