Funding arb · Price arb /

ENJ

all ENJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.5989%/8h= −655.8% APRpaid last 24h −0.265%

Price spread now: BingX against Kraken Futures−0.614%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 BingX

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 −$180 a day on $10k at the current rate, and BingX is 0.614% cheaper against Kraken Futures than usual: you would sell low and buy high (−$61 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	0.02805	0.6189	pay 0.0774% / 1h	2m 53s	$25K	$8K	20x
Short	BingX ENJ-USDT	0.02788	0.0200	get 0.0100% / 4h	3h 02m	—	$2.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.614%Rate

Funding earned: −$1,257.72
Price spread: −0.614% → 0.000%: −$61.37
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$1,339.09
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; BingX: live order book, 16 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 BingX live order book, 16 min ago	26.75 bp	47.5 bp −$48	83.6 bp −$836	764.7 bp −$76.5K	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
Aster ENJUSDT	+0.0100%	4h	0.02788	−0.608%	$17K	$5K	5x	as long as short
Binance ENJUSDT	+0.0100%	4h	0.02786	−0.703%	$3.0M	$3.4M	50x	as long as short
Bybit ENJUSDT	+0.0100%	8h	0.02783	−0.774%	$930K	$533K	25x	as long as short
OKX ENJ-USDT-SWAP	+0.0100%	4h	0.02786	−0.685%	$291K	$395K	10x	as long as short
Gate ENJ_USDT	+0.0100%	4h	0.02787	−0.649%	$108K	$37K	25x	as long as short
MEXC ENJ_USDT	+0.0100%	4h	0.02787	−0.649%	$1.9M	$852K	75x	as long as short
KuCoin ENJUSDTM	+0.0100%	4h	0.02789	−0.578%	$393K	$68K	30x	as long as short
Bitget ENJUSDT	+0.0100%	4h	0.02784	−0.756%	$686K	$262K	50x	as long as short
Variational Omni ENJ	+0.0100%	8h	0.02790	−0.542%	$1K	$20K	—	as long as short
Extended ENJ-USD	+0.0104%	1h	0.02785	−0.729%	$2K	$250K	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	+0.0122%	4h	0.02790	−0.542%	$131K	$101K	50x	as long as short
BingX ENJ-USDTshort	+0.0200%	4h	0.02788	−0.614%	—	$2.4M	—
Kraken Futures PF_ENJUSDlong	+0.6189%	1h	0.02805	long leg	$25K	$8K	20x