Funding arb · Price arb /

ENJ

all ENJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.6023%/8h= −659.5% APRpaid last 24h −0.157%

Price spread now: Gate against Kraken Futures−0.582%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 Gate

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 −$181 a day on $10k at the current rate, and Gate is 0.582% cheaper against Kraken Futures than usual: you would sell low and buy high (−$58 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	0.02836	0.6123	pay 0.0765% / 1h	56m 44s	$26K	$8K	20x
Short	Gate ENJ_USDT	0.02819	0.0100	get 0.0050% / 4h	3h 56m	$109K	$34K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.582%Rate

Funding earned: −$1,264.83
Price spread: −0.582% → 0.000%: −$58.25
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$1,348.08
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; Gate: live order book, 53 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 Gate live order book, 53 min ago	12.44 bp	149.8 bp −$150	doesn't fit	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	0.02818	−0.611%	$18K	$5K	5x	as long as short
Binance ENJUSDT	+0.0100%	4h	0.02817	−0.641%	$3.0M	$3.4M	50x	as long as short
Bybit ENJUSDT	+0.0100%	8h	0.02817	−0.653%	$953K	$593K	25x	as long as short
OKX ENJ-USDT-SWAP	+0.0100%	4h	0.02818	−0.618%	$293K	$423K	10x	as long as short
Gate ENJ_USDTshort	+0.0100%	4h	0.02819	−0.582%	$109K	$34K	25x
MEXC ENJ_USDT	+0.0100%	4h	0.02817	−0.653%	$2.0M	$836K	75x	as long as short
KuCoin ENJUSDTM	+0.0100%	4h	0.02820	−0.547%	$397K	$68K	30x	as long as short
Bitget ENJUSDT	+0.0100%	4h	0.02818	−0.618%	$695K	$265K	50x	as long as short
BingX ENJ-USDT	+0.0100%	4h	0.02817	−0.653%	—	$2.4M	—	as long as short
Variational Omni ENJ	+0.0100%	8h	0.02819	−0.600%	$3K	$19K	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended ENJ-USD	+0.0104%	1h	0.02817	−0.656%	$214	$189K	5x	as long as short
BloFin ENJ-USDT	+0.0145%	4h	0.02818	−0.618%	$132K	$102K	50x	as long as short
Kraken Futures PF_ENJUSDlong	+0.6123%	1h	0.02836	long leg	$26K	$8K	20x