Funding arb · Price arb /

ENJ

all ENJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against Gate−0.106%7-day average +0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$538as in the Funding arb table

Net, price: spread back to 7d avg − costs−$549as in the Price arb table

costs, in and out, $10k−$5375.375% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 4 days (all we have)+0.333%+$33 · spread now −0.106%, 7d avg +0.011%

Together, before fees+0.330%+$33 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 0.117% cheaper against Gate than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ENJ_USDT	0.02828	0.0100	pay 0.0050% / 4h	2h 57m	$110K	$31K	25x
Short	Binance ENJUSDT	0.02825	0.0100	get 0.0050% / 4h	2h 57m	$3.1M	$3.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Gate. 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 GatebpFee BinancebpOrdersPrice spread, now −0.106%Rate

Funding earned: $0
Price spread: −0.106% → +0.011%: −$11.68
Slippage, 4 orders: −$512.48
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$549.16
Costs to cover: 5.375%
Break-even: never at this rate

Slippage from Gate: live order book, 25 min ago; Binance: live order book, 8 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 Gate live order book, 25 min ago	35.44 bp	268.8 bp −$269	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 8 min ago	3.54 bp	19.8 bp −$20	77.7 bp −$777	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	0.02828	+0.002%	$18K	$3K	5x	as long as short
Binance ENJUSDTshort	+0.0100%	4h	0.02825	−0.106%	$3.1M	$3.2M	50x
Bybit ENJUSDT	+0.0100%	8h	0.02823	−0.177%	$963K	$579K	25x	as long as short
OKX ENJ-USDT-SWAP	+0.0100%	4h	0.02820	−0.283%	$296K	$433K	10x	as long as short
Gate ENJ_USDTlong	+0.0100%	4h	0.02828	long leg	$110K	$31K	25x
MEXC ENJ_USDT	+0.0100%	4h	0.02824	−0.141%	$2.1M	$791K	75x	as long as short
KuCoin ENJUSDTM	+0.0100%	4h	0.02830	+0.071%	$399K	$78K	30x	as long as short
Bitget ENJUSDT	+0.0100%	4h	0.02827	−0.035%	$703K	$263K	50x	as long as short
BingX ENJ-USDT	+0.0100%	4h	0.02826	−0.071%	—	$2.4M	—	as long as short
Variational Omni ENJ	+0.0100%	8h	0.02828	+0.002%	$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	0.02826	−0.079%	$1K	$220K	5x	as long as short
BloFin ENJ-USDT	+0.0113%	4h	0.02833	+0.177%	$138K	$47K	50x	as long as short
Kraken Futures PF_ENJUSD	+0.5426%	1h	0.02843	+0.533%	$25K	$13K	20x	as long as short