Funding arb · Price arb /

ENJ

all ENJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.586%

Price spread now: BloFin against Kraken Futures+0.056%7-day average — · you sell dearer than you buy

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

Long on Kraken Futures Short on BloFin

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 +$2 a day on $10k at the current rate, and BloFin is 0.056% dearer against Kraken Futures than usual: you sell high and buy low: +$6 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	Kraken Futures PF_ENJUSD	0.02821	0.0101	pay 0.0013% / 1h	0m 21s	$24K	$13K	20x
Short	BloFin ENJ-USDT	0.02823	0.0151	get 0.0076% / 4h	3h 00m	$130K	$96K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.056%Rate

Funding earned: $10.56
Price spread: +0.056% → 0.000%: $5.65
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$5.8
Costs to cover: 0.220%
Break-even: 10.8 days

Slippage unknown: Kraken Futures: no order-book sample; BloFin: live order book, 56 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 BloFin live order book, 56 min ago	3.58 bp	15.9 bp −$16	48.5 bp −$485	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
Aster ENJUSDT	+0.0100%	4h	0.02823	+0.049%	$18K	$8K	5x	as long as short
Binance ENJUSDT	+0.0100%	4h	0.02821	−0.014%	$3.0M	$3.5M	50x	as long as short
Bybit ENJUSDT	+0.0100%	8h	0.02821	−0.018%	$941K	$543K	25x	as long as short
OKX ENJ-USDT-SWAP	+0.0100%	4h	0.02820	−0.050%	$290K	$377K	10x	as long as short
Gate ENJ_USDT	+0.0100%	4h	0.02820	−0.050%	$110K	$37K	25x	as long as short
MEXC ENJ_USDT	+0.0100%	4h	0.02822	+0.021%	$1.7M	$903K	75x	as long as short
KuCoin ENJUSDTM	+0.0100%	4h	0.02825	+0.127%	$395K	$62K	30x	as long as short
Bitget ENJUSDT	+0.0100%	4h	0.02822	+0.021%	$712K	$245K	50x	as long as short
BingX ENJ-USDT	+0.0100%	4h	0.02810	−0.404%	—	$2.4M	—	as long as short
Variational Omni ENJ	+0.0100%	8h	0.02818	−0.121%	$2K	$19K	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_ENJUSDlong	+0.0101%	1h	0.02821	long leg	$24K	$13K	20x
Extended ENJ-USD	+0.0104%	1h	0.02820	−0.043%	$113	$293K	5x	as long as short
BloFin ENJ-USDTshort	+0.0151%	4h	0.02823	+0.056%	$130K	$96K	50x