Funding arb · Price arb /

ENJ

all ENJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.6121%/8h= +670.3% APRpaid last 24h +0.270%

Price spread now: Kraken Futures against Gate+0.739%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Gate Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$184 a day on $10k at the current rate, and Kraken Futures is 0.739% dearer against Gate than usual: you sell high and buy low: +$74 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ENJ_USDT	0.02791	0.0100	pay 0.0050% / 4h	2h 57m	$108K	$33K	25x
Short	Kraken Futures PF_ENJUSD	0.02812	0.6221	get 0.0778% / 1h	57m 11s	$25K	$8K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.739%Rate

Funding earned: $1,285.45
Price spread: +0.739% → 0.000%: $73.88
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $1,334.33
Costs to cover: 0.250%
Break-even: from the start

Slippage unknown: Gate: live order book, 48 min ago; Kraken Futures: no order-book sample. Net counts fees only.

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, 48 min ago	14.16 bp	179.3 bp −$179	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.02792	+0.023%	$17K	$5K	5x	as long as short
Binance ENJUSDT	+0.0100%	4h	0.02793	+0.072%	$3.0M	$3.4M	50x	as long as short
Bybit ENJUSDT	+0.0100%	8h	0.02789	−0.072%	$938K	$538K	25x	as long as short
OKX ENJ-USDT-SWAP	+0.0100%	4h	0.02794	+0.107%	$292K	$395K	10x	as long as short
Gate ENJ_USDTlong	+0.0100%	4h	0.02791	long leg	$108K	$33K	25x
MEXC ENJ_USDT	+0.0100%	4h	0.02793	+0.072%	$1.9M	$843K	75x	as long as short
KuCoin ENJUSDTM	+0.0100%	4h	0.02792	+0.036%	$392K	$68K	30x	as long as short
Bitget ENJUSDT	+0.0100%	4h	0.02791	0.000%	$687K	$263K	50x	as long as short
Variational Omni ENJ	+0.0100%	8h	0.02784	−0.268%	$1K	$20K	—	as long as short
Extended ENJ-USD	+0.0104%	1h	0.02791	+0.006%	$2K	$282K	5x	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	+0.0139%	4h	0.02793	+0.072%	$131K	$101K	50x	as long as short
BingX ENJ-USDT	+0.0200%	4h	0.02790	−0.036%	—	$2.4M	—	as long as short
Kraken Futures PF_ENJUSDshort	+0.6221%	1h	0.02812	+0.739%	$25K	$8K	20x