Funding arb · Price arb /

ENJ

all ENJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bybit against KuCoin−0.071%7-day average −0.123% · you buy dearer than you sell

Net, funding: paid 7d − costs−$635as in the Funding arb table

Net, price: spread back to 7d avg − costs−$656as in the Price arb table

costs, in and out, $10k−$6616.613% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.260%+$26 on $10k

Price spread, last 4 days (all we have)+0.108%+$11 · spread now −0.071%, 7d avg −0.123%

Together, before fees+0.368%+$37 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.052% dearer against KuCoin than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.123%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ENJUSDTM	0.02826	0.0100	pay 0.0050% / 4h	1h 37m	$397K	$70K	30x
Short	Bybit ENJUSDT	0.02824	0.0100	get 0.0100% / 8h	5h 37m	$962K	$595K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against KuCoin. 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 KuCoinbpFee BybitbpOrdersPrice spread, now −0.071%Rate

Funding earned: $0
Price spread: −0.071% → −0.123%: $5.23
Slippage, 4 orders: −$638.27
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$656.04
Costs to cover: 6.613%
Break-even: never at this rate

Slippage from KuCoin: live order book, 60 min ago; Bybit: live order book, 23 min ago.

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 KuCoin live order book, 60 min ago	14.12 bp	218.8 bp −$219	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 23 min ago	3.54 bp	36.7 bp −$37	293.6 bp −$2,936	doesn't fit	doesn't fit

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	−0.110%	$18K	$5K	5x	as long as short
Binance ENJUSDT	+0.0100%	4h	0.02824	−0.071%	$3.0M	$3.5M	50x	as long as short
Bybit ENJUSDTshort	+0.0100%	8h	0.02824	−0.071%	$962K	$595K	25x
OKX ENJ-USDT-SWAP	+0.0100%	4h	0.02825	−0.035%	$293K	$454K	10x	as long as short
Gate ENJ_USDT	+0.0100%	4h	0.02822	−0.142%	$109K	$34K	25x	as long as short
MEXC ENJ_USDT	+0.0100%	4h	0.02825	−0.035%	$2.0M	$770K	75x	as long as short
KuCoin ENJUSDTMlong	+0.0100%	4h	0.02826	long leg	$397K	$70K	30x
Bitget ENJUSDT	+0.0100%	4h	0.02824	−0.071%	$708K	$232K	50x	as long as short
BingX ENJ-USDT	+0.0100%	4h	0.02824	−0.071%	—	$2.4M	—	as long as short
Variational Omni ENJ	+0.0100%	8h	0.02822	−0.143%	$19K	$2K	—	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	0.02823	−0.098%	$4K	$184K	5x	as long as short
BloFin ENJ-USDT	+0.0121%	4h	0.02824	−0.071%	$133K	$80K	50x	as long as short
Kraken Futures PF_ENJUSD	+0.5311%	1h	0.02843	+0.606%	$26K	$8K	20x	as long as short