Funding arb · Price arb /

ENJ

all ENJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bybit against Gate+0.053%7-day average −0.068% · you sell dearer than you buy

Net, funding: paid 7d − costs−$475as in the Funding arb table

Net, price: spread back to 7d avg − costs−$462as in the Price arb table

costs, in and out, $10k−$4744.744% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.010%−$1 on $10k

Price spread, last 4 days (all we have)+0.058%+$6 · spread now +0.053%, 7d avg −0.068%

Together, before fees+0.048%+$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 0.122% dearer against Gate than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.068%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ENJ_USDT	0.02804	0.0100	pay 0.0050% / 4h	3h 46m	$109K	$37K	25x
Short	Bybit ENJUSDT	0.02806	0.0100	get 0.0100% / 8h	7h 46m	$938K	$556K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Gate. 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 GatebpFee BybitbpOrdersPrice spread, now +0.053%Rate

Funding earned: $0
Price spread: +0.053% → −0.068%: $12.2
Slippage, 4 orders: −$448.35
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$462.15
Costs to cover: 4.744%
Break-even: never at this rate

Slippage from Gate: live order book, 43 min ago; Bybit: live order book, 49 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 Gate live order book, 43 min ago	10.77 bp	180.4 bp −$180	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 49 min ago	5.39 bp	41.7 bp −$42	270.5 bp −$2,705	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	0.02809	+0.161%	$18K	$8K	5x	as long as short
Binance ENJUSDT	+0.0100%	4h	0.02806	+0.071%	$3.0M	$3.6M	50x	as long as short
Bybit ENJUSDTshort	+0.0100%	8h	0.02806	+0.053%	$938K	$556K	25x
OKX ENJ-USDT-SWAP	+0.0100%	4h	0.02806	+0.071%	$288K	$389K	10x	as long as short
Gate ENJ_USDTlong	+0.0100%	4h	0.02804	long leg	$109K	$37K	25x
MEXC ENJ_USDT	+0.0100%	4h	0.02808	+0.143%	$1.7M	$878K	75x	as long as short
KuCoin ENJUSDTM	+0.0100%	4h	0.02809	+0.178%	$394K	$63K	30x	as long as short
Bitget ENJUSDT	+0.0100%	4h	0.02806	+0.071%	$707K	$258K	50x	as long as short
BingX ENJ-USDT	+0.0100%	4h	0.02804	0.000%	—	$2.4M	—	as long as short
Variational Omni ENJ	+0.0100%	8h	0.02801	−0.106%	$2K	$19K	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_ENJUSD	+0.0101%	1h	0.02807	+0.120%	$24K	$13K	20x	as long as short
Extended ENJ-USD	+0.0104%	1h	0.02807	+0.094%	$213	$287K	5x	as long as short
BloFin ENJ-USDT	+0.0137%	4h	0.02804	0.000%	$130K	$102K	50x	as long as short