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: Binance against Bitget−0.177%7-day average +0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs−$125as in the Price arb table

costs, in and out, $10k−$1051.054% of the position

Long on Bitget Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 4 days (all we have)+0.330%+$33 · spread now −0.177%, 7d avg +0.015%

Together, before fees+0.327%+$33 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: Binance is 0.191% cheaper against Bitget than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of +0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ENJUSDT	0.02825	0.0100	pay 0.0050% / 4h	2h 10m	$699K	$265K	50x
Short	Binance ENJUSDT	0.02820	0.0100	get 0.0050% / 4h	2h 10m	$3.1M	$3.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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 BitgetbpFee BinancebpOrdersPrice spread, now −0.177%Rate

Funding earned: $0
Price spread: −0.177% → +0.015%: −$19.13
Slippage, 4 orders: −$83.44
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$124.57
Costs to cover: 1.054%
Break-even: never at this rate

Slippage from Bitget: live order book, 9 min ago; Binance: live order book, 10 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 Bitget live order book, 9 min ago	7.07 bp	22.8 bp −$23	135.2 bp −$1,352	doesn't fit	doesn't fit
Sell Binance live order book, 10 min ago	1.77 bp	19.9 bp −$20	71.1 bp −$711	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
BloFin ENJ-USDT	+0.0067%	4h	0.02831	+0.212%	$138K	$61K	50x	as long as short
Aster ENJUSDT	+0.0100%	4h	0.02824	−0.041%	$18K	$3K	5x	as long as short
Binance ENJUSDTshort	+0.0100%	4h	0.02820	−0.177%	$3.1M	$3.2M	50x
Bybit ENJUSDT	+0.0100%	8h	0.02818	−0.244%	$959K	$575K	25x	as long as short
OKX ENJ-USDT-SWAP	+0.0100%	4h	0.02822	−0.106%	$296K	$431K	10x	as long as short
Gate ENJ_USDT	+0.0100%	4h	0.02824	−0.035%	$110K	$32K	25x	as long as short
MEXC ENJ_USDT	+0.0100%	4h	0.02821	−0.142%	$2.0M	$807K	75x	as long as short
KuCoin ENJUSDTM	+0.0100%	4h	0.02827	+0.071%	$398K	$78K	30x	as long as short
Bitget ENJUSDTlong	+0.0100%	4h	0.02825	long leg	$699K	$265K	50x
BingX ENJ-USDT	+0.0100%	4h	0.02825	0.000%	—	$2.4M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ENJ	+0.0100%	8h	0.02827	+0.084%	$19K	$2K	—	as long as short
Extended ENJ-USD	+0.0104%	1h	0.02820	−0.188%	$1K	$220K	5x	as long as short
Kraken Futures PF_ENJUSD	+0.5427%	1h	0.02842	+0.615%	$26K	$8K	20x	as long as short