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 +0.010%

Price spread now: BingX against Gate−0.071%7-day average −0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$594as in the Funding arb table

Net, price: spread back to 7d avg − costs−$604as in the Price arb table

costs, in and out, $10k−$5985.983% of the position

Long on Gate Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.040%+$4 on $10k

Price spread, last 4 days (all we have)+0.071%+$7 · spread now −0.071%, 7d avg −0.015%

Together, before fees+0.111%+$11 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 0.056% cheaper against Gate than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ENJ_USDT	0.02826	0.0100	pay 0.0050% / 4h	2h 56m	$110K	$32K	25x
Short	BingX ENJ-USDT	0.02824	0.0100	get 0.0050% / 4h	2h 56m	—	$2.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.071%Rate

Funding earned: $0
Price spread: −0.071% → −0.015%: −$5.56
Slippage, 4 orders: −$573.34
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$603.9
Costs to cover: 5.983%
Break-even: never at this rate

Slippage from Gate: live order book, 26 min ago; BingX: 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, 26 min ago	35.44 bp	268.8 bp −$269	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 8 min ago	1.78 bp	17.5 bp −$18	52.2 bp −$522	700.3 bp −$70.0K	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	0.02827	+0.025%	$18K	$3K	5x	as long as short
Binance ENJUSDT	+0.0100%	4h	0.02822	−0.142%	$3.1M	$3.2M	50x	as long as short
Bybit ENJUSDT	+0.0100%	8h	0.02821	−0.188%	$962K	$579K	25x	as long as short
OKX ENJ-USDT-SWAP	+0.0100%	4h	0.02823	−0.106%	$297K	$433K	10x	as long as short
Gate ENJ_USDTlong	+0.0100%	4h	0.02826	long leg	$110K	$32K	25x
MEXC ENJ_USDT	+0.0100%	4h	0.02822	−0.142%	$2.1M	$791K	75x	as long as short
KuCoin ENJUSDTM	+0.0100%	4h	0.02827	+0.035%	$398K	$78K	30x	as long as short
Bitget ENJUSDT	+0.0100%	4h	0.02827	+0.035%	$703K	$263K	50x	as long as short
BingX ENJ-USDTshort	+0.0100%	4h	0.02824	−0.071%	—	$2.4M	—
Variational Omni ENJ	+0.0100%	8h	0.02828	+0.072%	$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	0.02822	−0.126%	$1K	$220K	5x	as long as short
BloFin ENJ-USDT	+0.0110%	4h	0.02826	0.000%	$138K	$61K	50x	as long as short
Kraken Futures PF_ENJUSD	+0.5425%	1h	0.02844	+0.630%	$25K	$13K	20x	as long as short