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% APRpaid last 24h 0.000%

Price spread now: Bybit against Gate+0.007%7-day average −0.067% · you sell dearer than you buy

Net, funding: paid 7d − costs−$579as in the Funding arb table

Net, price: spread back to 7d avg − costs−$568as in the Price arb table

costs, in and out, $10k−$5755.750% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.044%−$4 on $10k

Price spread, last 4 days (all we have)+0.001%$0 · spread now +0.007%, 7d avg −0.067%

Together, before fees−0.043%−$4 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 0.074% dearer against Gate than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.067%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ENJ_USDT	0.02830	0.0100	pay 0.0050% / 4h	2h 15m	$110K	$32K	25x
Short	Bybit ENJUSDT	0.02830	0.0100	get 0.0100% / 8h	2h 15m	$964K	$575K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.007%Rate

Funding earned: $0
Price spread: +0.007% → −0.067%: $7.44
Slippage, 4 orders: −$548.95
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$567.51
Costs to cover: 5.750%
Break-even: never at this rate

Slippage from Gate: live order book, 66 min ago; Bybit: live order book, 4 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, 66 min ago	35.44 bp	268.8 bp −$269	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 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	0.02831	+0.029%	$18K	$3K	5x	as long as short
Binance ENJUSDT	+0.0100%	4h	0.02831	+0.052%	$3.1M	$3.2M	50x	as long as short
Bybit ENJUSDTshort	+0.0100%	8h	0.02830	+0.007%	$964K	$575K	25x
OKX ENJ-USDT-SWAP	+0.0100%	4h	0.02832	+0.071%	$297K	$432K	10x	as long as short
Gate ENJ_USDTlong	+0.0100%	4h	0.02830	long leg	$110K	$32K	25x
MEXC ENJ_USDT	+0.0100%	4h	0.02832	+0.071%	$2.0M	$807K	75x	as long as short
KuCoin ENJUSDTM	+0.0100%	4h	0.02832	+0.071%	$399K	$78K	30x	as long as short
Bitget ENJUSDT	+0.0100%	4h	0.02832	+0.071%	$701K	$265K	50x	as long as short
BingX ENJ-USDT	+0.0100%	4h	0.02831	+0.035%	—	$2.4M	—	as long as short
Variational Omni ENJ	+0.0100%	8h	0.02829	−0.023%	$19K	$2K	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin ENJ-USDT	+0.0103%	4h	0.02828	−0.071%	$138K	$61K	50x	as long as short
Extended ENJ-USD	+0.0104%	1h	0.02831	+0.038%	$1K	$220K	5x	as long as short
Kraken Futures PF_ENJUSD	+0.5412%	1h	0.02851	+0.729%	$26K	$8K	20x	as long as short