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% APRpaid last 24h 0.000%

Price spread now: Bybit against Bitget0.000%7-day average −0.065% · you sell dearer than you buy

Net, funding: paid 7d − costs−$155as in the Funding arb table

Net, price: spread back to 7d avg − costs−$144as in the Price arb table

costs, in and out, $10k−$1501.503% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.044%−$4 on $10k

Price spread, last 4 days (all we have)−0.007%−$1 · spread now 0.000%, 7d avg −0.065%

Together, before fees−0.051%−$5 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 0.065% dearer against Bitget than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.065%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ENJUSDT	0.02819	0.0100	pay 0.0050% / 4h	1h 27m	$698K	$261K	50x
Short	Bybit ENJUSDT	0.02819	0.0100	get 0.0100% / 8h	1h 27m	$961K	$582K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Bitget. 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 BitgetbpFee BybitbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.065%: $6.45
Slippage, 4 orders: −$127.28
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$143.83
Costs to cover: 1.503%
Break-even: never at this rate

Slippage from Bitget: live order book, 53 min ago; Bybit: live order book, 53 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, 53 min ago	7.07 bp	22.8 bp −$23	135.2 bp −$1,352	doesn't fit	doesn't fit
Sell Bybit live order book, 53 min ago	1.77 bp	43.8 bp −$44	339.7 bp −$3,397	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	+0.0058%	4h	0.02821	+0.071%	$137K	$61K	50x	as long as short
Aster ENJUSDT	+0.0100%	4h	0.02819	+0.014%	$18K	$3K	5x	as long as short
Binance ENJUSDT	+0.0100%	4h	0.02819	0.000%	$3.1M	$3.3M	50x	as long as short
Bybit ENJUSDTshort	+0.0100%	8h	0.02819	0.000%	$961K	$582K	25x
OKX ENJ-USDT-SWAP	+0.0100%	4h	0.02818	−0.035%	$293K	$434K	10x	as long as short
Gate ENJ_USDT	+0.0100%	4h	0.02820	+0.035%	$110K	$32K	25x	as long as short
MEXC ENJ_USDT	+0.0100%	4h	0.02820	+0.035%	$2.0M	$747K	75x	as long as short
KuCoin ENJUSDTM	+0.0100%	4h	0.02822	+0.106%	$400K	$79K	30x	as long as short
Bitget ENJUSDTlong	+0.0100%	4h	0.02819	long leg	$698K	$261K	50x
BingX ENJ-USDT	+0.0100%	4h	0.02818	−0.035%	—	$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	0.02816	−0.101%	$19K	$2K	—	as long as short
Extended ENJ-USD	+0.0104%	1h	0.02819	+0.017%	$1K	$220K	5x	as long as short
Kraken Futures PF_ENJUSD	+0.5439%	1h	0.02838	+0.675%	$26K	$8K	20x	as long as short