Funding arb · Price arb /

ENJ

all ENJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Bybit against Extended+0.040%7-day average −0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$168as in the Funding arb table

Net, price: spread back to 7d avg − costs−$154as in the Price arb table

costs, in and out, $10k−$1631.626% of the position

Long on Extended Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.049%−$5 on $10k

Price spread, last 4 days (all we have)−0.110%−$11 · spread now +0.040%, 7d avg −0.042%

Together, before fees−0.158%+ Points / potential airdropExtended: Active · farm board−$16 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: Bybit is 0.082% dearer against Extended than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ENJ-USD	0.02827	0.0104	pay 0.0013% / 1h	43m 45s	$1K	$220K	5x
Short	Bybit ENJUSDT	0.02828	0.0100	get 0.0100% / 8h	1h 43m	$965K	$579K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Extended. 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 ExtendedbpFee BybitbpOrdersPrice spread, now +0.040%Rate

Funding earned: −$0.84
Price spread: +0.040% → −0.042%: $8.22
Slippage, 4 orders: −$146.63
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$155.25
Costs to cover: 1.626%
Break-even: never at this rate

Slippage from Extended: live order book, 38 min ago; Bybit: live order book, 37 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, 38 min ago	3.71 bp	32.5 bp −$33	244.6 bp −$2,446	doesn't fit	doesn't fit
Sell Bybit live order book, 37 min ago	1.77 bp	43.8 bp −$44	339.7 bp −$3,397	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	0.02829	+0.066%	$18K	$3K	5x	as long as short
Binance ENJUSDT	+0.0100%	4h	0.02829	+0.070%	$3.1M	$3.2M	50x	as long as short
Bybit ENJUSDTshort	+0.0100%	8h	0.02828	+0.040%	$965K	$579K	25x
OKX ENJ-USDT-SWAP	+0.0100%	4h	0.02831	+0.146%	$295K	$434K	10x	as long as short
Gate ENJ_USDT	+0.0100%	4h	0.02827	+0.005%	$110K	$32K	25x	as long as short
MEXC ENJ_USDT	+0.0100%	4h	0.02828	+0.040%	$2.0M	$745K	75x	as long as short
KuCoin ENJUSDTM	+0.0100%	4h	0.02832	+0.182%	$401K	$78K	30x	as long as short
Bitget ENJUSDT	+0.0100%	4h	0.02829	+0.076%	$701K	$264K	50x	as long as short
BingX ENJ-USDT	+0.0100%	4h	0.02828	+0.040%	—	$2.4M	—	as long as short
Variational Omni ENJ	+0.0100%	8h	0.02819	−0.288%	$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-USDlong	+0.0104%	1h	0.02827	long leg	$1K	$220K	5x
BloFin ENJ-USDT	+0.0123%	4h	0.02825	−0.066%	$138K	$61K	50x	as long as short
Kraken Futures PF_ENJUSD	+0.5424%	1h	0.02846	+0.688%	$26K	$8K	20x	as long as short