Funding arb · Price arb /

ENJ

all ENJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0016%/8h= −1.8% APRpaid last 24h −0.001%

Price spread now: Bybit against BloFin+0.018%62s7-day average −0.078% · you sell dearer than you buy

Net, funding: paid 7d − costs−$114as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1131.131% of the position

Long on BloFin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%$0 on $10k

Price spread, last 4 days (all we have)−0.051%−$5 · spread now +0.018%, 7d avg −0.078%

Together, before fees−0.056%−$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.096% dearer against BloFin than usual: you sell high and buy low (spread +0.018% now, against its 7-day average of −0.078%): +$10 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 20 days. At the pace of the last 7 days (−0.005% in total) that is about 5 months. The two prices were read 62 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ENJ-USDT	0.02774	0.0116	pay 0.0058% / 4h	1h 30m	$130K	$101K	50x
Short	Bybit ENJUSDT	0.02774	0.0100	get 0.0100% / 8h	1h 30m	$929K	$551K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BloFin. 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 BloFinbpFee BybitbpOrdersPrice spread, now +0.018%Rate

Funding earned: −$3.39
Price spread: +0.018% → −0.078%: $9.61
Slippage, 4 orders: −$90.11
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$106.88
Costs to cover: 1.131%
Break-even: never at this rate

Slippage from BloFin: live order book, 36 min ago; Bybit: 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 BloFin live order book, 36 min ago	3.58 bp	11.2 bp −$11	35.9 bp −$359	doesn't fit	doesn't fit
Sell Bybit live order book, 10 min ago	3.60 bp	34.9 bp −$35	284.6 bp −$2,846	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	0.02775	+0.047%	$17K	$5K	5x	as long as short
Binance ENJUSDT	+0.0100%	4h	0.02775	+0.036%	$3.0M	$3.5M	50x	as long as short
Bybit ENJUSDTshort	+0.0100%	8h	0.02774	+0.018%	$929K	$551K	25x
OKX ENJ-USDT-SWAP	+0.0100%	4h	0.02775	+0.036%	$290K	$389K	10x	as long as short
Gate ENJ_USDT	+0.0100%	4h	0.02775	+0.036%	$106K	$35K	25x	as long as short
MEXC ENJ_USDT	+0.0100%	4h	0.02775	+0.036%	$1.8M	$857K	75x	as long as short
KuCoin ENJUSDTM	+0.0100%	4h	0.02776	+0.072%	$390K	$67K	30x	as long as short
Bitget ENJUSDT	+0.0100%	4h	0.02776	+0.072%	$700K	$273K	50x	as long as short
Variational Omni ENJ	+0.0100%	8h	0.02775	+0.019%	$2K	$19K	—	as long as short
Extended ENJ-USD	+0.0104%	1h	0.02774	−0.003%	$4K	$282K	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-USDTlong	+0.0116%	4h	0.02774	long leg	$130K	$101K	50x
BingX ENJ-USDT	+0.0200%	4h	0.02776	+0.072%	—	$2.4M	—	as long as short
Kraken Futures PF_ENJUSD	+0.0871%	1h	0.02777	+0.103%	$24K	$13K	20x	as long as short