Funding arb · Price arb /

ENJ

all ENJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.5688%/8h= −622.8% APRpaid last 24h +0.308%

Price spread now: Binance against Kraken Futures−0.624%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on Binance

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 against this trade now: funding costs −$171 a day on $10k at the current rate, and Binance is 0.624% cheaper against Kraken Futures than usual: you would sell low and buy high (−$62 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ENJUSD	0.02849	0.5788	pay 0.0723% / 1h	50m 03s	$26K	$8K	20x
Short	Binance ENJUSDT	0.02831	0.0100	get 0.0050% / 4h	50m 03s	$3.0M	$3.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Kraken Futures. 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 Kraken FuturesbpFee BinancebpOrdersPrice spread, now −0.624%Rate

Funding earned: −$1,194.44
Price spread: −0.624% → 0.000%: −$62.37
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$1,276.81
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; Binance: live order book, 1 min ago. 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell Binance live order book, 1 min ago	1.76 bp	25.4 bp −$25	83.5 bp −$835	doesn't fit	doesn't fit

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
BloFin ENJ-USDT	+0.0058%	4h	0.02827	−0.759%	$135K	$61K	50x	as long as short
Aster ENJUSDT	+0.0100%	4h	0.02830	−0.648%	$18K	$5K	5x	as long as short
Binance ENJUSDTshort	+0.0100%	4h	0.02831	−0.624%	$3.0M	$3.4M	50x
Bybit ENJUSDT	+0.0100%	8h	0.02830	−0.671%	$966K	$593K	25x	as long as short
OKX ENJ-USDT-SWAP	+0.0100%	4h	0.02833	−0.548%	$299K	$446K	10x	as long as short
Gate ENJ_USDT	+0.0100%	4h	0.02828	−0.724%	$110K	$33K	25x	as long as short
MEXC ENJ_USDT	+0.0100%	4h	0.02831	−0.618%	$2.0M	$725K	75x	as long as short
KuCoin ENJUSDTM	+0.0100%	4h	0.02829	−0.689%	$404K	$75K	30x	as long as short
Bitget ENJUSDT	+0.0100%	4h	0.02829	−0.689%	$713K	$277K	50x	as long as short
BingX ENJ-USDT	+0.0100%	4h	0.02830	−0.653%	—	$2.4M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ENJ	+0.0100%	8h	0.02828	−0.736%	$19K	$2K	—	as long as short
Extended ENJ-USD	+0.0104%	1h	0.02830	−0.638%	$1K	$220K	5x	as long as short
Kraken Futures PF_ENJUSDlong	+0.5788%	1h	0.02849	long leg	$26K	$8K	20x