Funding arb · Price arb /

ENJ

all ENJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Binance−0.099%7-day average +0.047% · you buy dearer than you sell

Net, funding: paid 7d − costs−$715as in the Funding arb table

Net, price: spread back to 7d avg − costs−$703as in the Price arb table

costs, in and out, $10k−$6896.888% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.262%−$26 on $10k

Price spread, last 4 days (all we have)+0.074%+$7 · spread now −0.099%, 7d avg +0.047%

Together, before fees−0.188%−$19 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: KuCoin is 0.146% cheaper against Binance than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of +0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ENJUSDT	0.02793	0.0100	pay 0.0050% / 4h	3h 05m	$3.0M	$3.4M	50x
Short	KuCoin ENJUSDTM	0.02790	0.0100	get 0.0050% / 4h	3h 05m	$393K	$68K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Binance. 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 BinancebpFee KuCoinbpOrdersPrice spread, now −0.099%Rate

Funding earned: $0
Price spread: −0.099% → +0.047%: −$14.61
Slippage, 4 orders: −$666.78
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$703.39
Costs to cover: 6.888%
Break-even: never at this rate

Slippage from Binance: live order book, 15 min ago; KuCoin: live order book, 67 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 Binance live order book, 15 min ago	1.78 bp	16.7 bp −$17	70.9 bp −$709	doesn't fit	doesn't fit
Sell KuCoin live order book, 67 min ago	14.17 bp	408.7 bp −$409	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	0.02792	−0.033%	$17K	$5K	5x	as long as short
Binance ENJUSDTlong	+0.0100%	4h	0.02793	long leg	$3.0M	$3.4M	50x
Bybit ENJUSDT	+0.0100%	8h	0.02792	−0.028%	$933K	$550K	25x	as long as short
OKX ENJ-USDT-SWAP	+0.0100%	4h	0.02794	+0.044%	$292K	$398K	10x	as long as short
Gate ENJ_USDT	+0.0100%	4h	0.02788	−0.171%	$107K	$36K	25x	as long as short
MEXC ENJ_USDT	+0.0100%	4h	0.02793	+0.008%	$1.9M	$852K	75x	as long as short
KuCoin ENJUSDTMshort	+0.0100%	4h	0.02790	−0.099%	$393K	$68K	30x
Bitget ENJUSDT	+0.0100%	4h	0.02792	−0.028%	$688K	$265K	50x	as long as short
Variational Omni ENJ	+0.0100%	8h	0.02790	−0.099%	$1K	$20K	—	as long as short
Extended ENJ-USD	+0.0104%	1h	0.02791	−0.046%	$2K	$219K	5x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin ENJ-USDT	+0.0155%	4h	0.02794	+0.044%	$131K	$101K	50x	as long as short
BingX ENJ-USDT	+0.0200%	4h	0.02790	−0.099%	—	$2.4M	—	as long as short
Kraken Futures PF_ENJUSD	+0.6179%	1h	0.02810	+0.606%	$25K	$8K	20x	as long as short