Funding arb · Price arb /

ENJ

all ENJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against KuCoin−0.168%7-day average −0.083% · you buy dearer than you sell

Net, funding: paid 7d − costs−$650as in the Funding arb table

Net, price: spread back to 7d avg − costs−$686as in the Price arb table

costs, in and out, $10k−$6776.773% of the position

Long on KuCoin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.278%+$28 on $10k

Price spread, last 4 days (all we have)+0.128%+$13 · spread now −0.168%, 7d avg −0.083%

Together, before fees+0.405%+ Points / potential airdropExtended: Active · farm board+$41 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: Extended is 0.085% cheaper against KuCoin than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.083%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ENJUSDTM	0.02814	0.0100	pay 0.0050% / 4h	41m 43s	$395K	$70K	30x
Short	Extended ENJ-USD	0.02809	0.0104	get 0.0013% / 1h	41m 43s	$2K	$191K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpOrdersPrice spread, now −0.168%Rate

Funding earned: $0.84
Price spread: −0.168% → −0.083%: −$8.52
Slippage, 4 orders: −$660.26
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$684.94
Costs to cover: 6.773%
Break-even: 5714.9 days

Slippage from KuCoin: live order book, 41 min ago; Extended: live order book, 15 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, 41 min ago	14.09 bp	223.1 bp −$223	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 15 min ago	3.90 bp	35.4 bp −$35	256.7 bp −$2,567	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	0.02813	−0.044%	$18K	$5K	5x	as long as short
Binance ENJUSDT	+0.0100%	4h	0.02810	−0.142%	$3.0M	$3.5M	50x	as long as short
Bybit ENJUSDT	+0.0100%	8h	0.02808	−0.195%	$950K	$617K	25x	as long as short
OKX ENJ-USDT-SWAP	+0.0100%	4h	0.02810	−0.142%	$291K	$450K	10x	as long as short
Gate ENJ_USDT	+0.0100%	4h	0.02811	−0.107%	$108K	$34K	25x	as long as short
MEXC ENJ_USDT	+0.0100%	4h	0.02810	−0.142%	$2.0M	$834K	75x	as long as short
KuCoin ENJUSDTMlong	+0.0100%	4h	0.02814	long leg	$395K	$70K	30x
Bitget ENJUSDT	+0.0100%	4h	0.02809	−0.178%	$710K	$262K	50x	as long as short
BingX ENJ-USDT	+0.0100%	4h	0.02812	−0.071%	—	$2.4M	—	as long as short
Variational Omni ENJ	+0.0100%	8h	0.02819	+0.177%	$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-USDshort	+0.0104%	1h	0.02809	−0.168%	$2K	$191K	5x
BloFin ENJ-USDT	+0.0140%	4h	0.02826	+0.426%	$133K	$102K	50x	as long as short
Kraken Futures PF_ENJUSD	+0.5544%	1h	0.02828	+0.491%	$26K	$8K	20x	as long as short