Funding arb · Price arb /

ENJ

all ENJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against OKX+0.071%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$639as in the Funding arb table

Net, price: spread back to 7d avg − costs−$635as in the Price arb table

costs, in and out, $10k−$6426.420% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.032%+$3 on $10k

Price spread, last 4 days (all we have)−0.267%−$27 · spread now +0.071%, 7d avg −0.004%

Together, before fees−0.235%−$24 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: Gate is 0.075% dearer against OKX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ENJ-USDT-SWAP	0.02828	0.0100	pay 0.0050% / 4h	1h 42m	$295K	$434K	10x
Short	Gate ENJ_USDT	0.02830	0.0100	get 0.0050% / 4h	1h 42m	$110K	$32K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against OKX. 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 OKXbpFee GatebpOrdersPrice spread, now +0.071%Rate

Funding earned: $0
Price spread: +0.071% → −0.004%: $7.49
Slippage, 4 orders: −$617.05
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$634.55
Costs to cover: 6.420%
Break-even: never at this rate

Slippage from OKX: live order book, 38 min ago; Gate: live order book, 33 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 OKX live order book, 38 min ago	5.30 bp	37.0 bp −$37	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 33 min ago	45.87 bp	260.8 bp −$261	doesn't fit	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	0.02830	+0.063%	$18K	$3K	5x	as long as short
Binance ENJUSDT	+0.0100%	4h	0.02830	+0.063%	$3.1M	$3.2M	50x	as long as short
Bybit ENJUSDT	+0.0100%	8h	0.02830	+0.071%	$965K	$580K	25x	as long as short
OKX ENJ-USDT-SWAPlong	+0.0100%	4h	0.02828	long leg	$295K	$434K	10x
Gate ENJ_USDTshort	+0.0100%	4h	0.02830	+0.071%	$110K	$32K	25x
MEXC ENJ_USDT	+0.0100%	4h	0.02830	+0.071%	$2.0M	$745K	75x	as long as short
KuCoin ENJUSDTM	+0.0100%	4h	0.02830	+0.071%	$401K	$78K	30x	as long as short
Bitget ENJUSDT	+0.0100%	4h	0.02830	+0.071%	$701K	$264K	50x	as long as short
BingX ENJ-USDT	+0.0100%	4h	0.02830	+0.071%	—	$2.4M	—	as long as short
Variational Omni ENJ	+0.0100%	8h	0.02819	−0.328%	$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	0.02829	+0.025%	$1K	$220K	5x	as long as short
BloFin ENJ-USDT	+0.0151%	4h	0.02829	+0.035%	$138K	$61K	50x	as long as short
Kraken Futures PF_ENJUSD	+0.5425%	1h	0.02846	+0.621%	$26K	$8K	20x	as long as short