Funding arb · Price arb /

ENJ

all ENJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Gate against Extended−0.085%7-day average +0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$651as in the Funding arb table

Net, price: spread back to 7d avg − costs−$662as in the Price arb table

costs, in and out, $10k−$6516.509% of the position

Long on Extended Short on Gate

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)−0.014%−$1 · spread now −0.085%, 7d avg +0.026%

Together, before fees−0.019%+ Points / potential airdropExtended: Active · farm board−$2 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 0.111% cheaper against Extended than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ENJ-USD	0.02824	0.0104	pay 0.0013% / 1h	14m 29s	$1K	$220K	5x
Short	Gate ENJ_USDT	0.02822	0.0100	get 0.0050% / 4h	1h 14m	$110K	$32K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Extended. 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 ExtendedbpFee GatebpOrdersPrice spread, now −0.085%Rate

Funding earned: −$0.84
Price spread: −0.085% → +0.026%: −$11.15
Slippage, 4 orders: −$630.89
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$662.87
Costs to cover: 6.509%
Break-even: never at this rate

Slippage from Extended: live order book, 2 min ago; Gate: live order book, 61 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 Extended live order book, 2 min ago	4.43 bp	44.2 bp −$44	274.0 bp −$2,740	doesn't fit	doesn't fit
Sell Gate live order book, 61 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	0.02824	−0.009%	$18K	$4K	5x	as long as short
Binance ENJUSDT	+0.0100%	4h	0.02825	+0.021%	$3.1M	$3.3M	50x	as long as short
Bybit ENJUSDT	+0.0100%	8h	0.02823	−0.039%	$963K	$588K	25x	as long as short
OKX ENJ-USDT-SWAP	+0.0100%	4h	0.02822	−0.085%	$294K	$439K	10x	as long as short
Gate ENJ_USDTshort	+0.0100%	4h	0.02822	−0.085%	$110K	$32K	25x
MEXC ENJ_USDT	+0.0100%	4h	0.02825	+0.021%	$2.0M	$748K	75x	as long as short
KuCoin ENJUSDTM	+0.0100%	4h	0.02824	−0.014%	$400K	$79K	30x	as long as short
Bitget ENJUSDT	+0.0100%	4h	0.02824	−0.014%	$705K	$267K	50x	as long as short
BingX ENJ-USDT	+0.0100%	4h	0.02823	−0.050%	—	$2.4M	—	as long as short
Variational Omni ENJ	+0.0100%	8h	0.02821	−0.115%	$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-USDlong	+0.0104%	1h	0.02824	long leg	$1K	$220K	5x
BloFin ENJ-USDT	+0.0114%	4h	0.02824	−0.014%	$136K	$61K	50x	as long as short
Kraken Futures PF_ENJUSD	+0.5427%	1h	0.02845	+0.714%	$26K	$8K	20x	as long as short