Funding arb · Price arb /

ENJ

all ENJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0076%/8h= +8.3% APRpaid last 24h −0.539%

Price spread now: BloFin against Kraken Futures−0.202%57s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. BloFin is 0.202% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.202% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$20 on $10k: about 8.9 days of funding at the current rate (+$2 a day). The two prices were read 57 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	Kraken Futures PF_ENJUSD	0.02802	0.0042	pay 0.0005% / 1h	1m 59s	$24K	$13K	20x
Short	BloFin ENJ-USDT	0.02796	0.0117	get 0.0059% / 4h	1m 59s	$130K	$102K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Kraken Futures. 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 Kraken FuturesbpFee BloFinbpOrdersPrice spread, now −0.202%Rate

Funding earned: $15.92
Price spread: −0.202% → 0.000%: −$20.24
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$26.32
Costs to cover: 0.220%
Break-even: 18.6 days

Slippage unknown: Kraken Futures: no order-book sample; BloFin: live order book, 59 min ago. Net counts fees only.

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 Kraken Futures no order-book sample	—	—	—	—	—
Sell BloFin live order book, 59 min ago	1.80 bp	10.8 bp −$11	42.1 bp −$421	doesn't fit	doesn't fit

Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Kraken Futures PF_ENJUSDlong	+0.0042%	1h	0.02802	long leg	$24K	$13K	20x
Aster ENJUSDT	+0.0100%	4h	0.02803	+0.032%	$17K	$8K	5x	as long as short
Binance ENJUSDT	+0.0100%	4h	0.02802	−0.001%	$3.0M	$3.6M	50x	as long as short
Bybit ENJUSDT	+0.0100%	8h	0.02800	−0.063%	$937K	$555K	25x	as long as short
OKX ENJ-USDT-SWAP	+0.0100%	4h	0.02800	−0.060%	$290K	$385K	10x	as long as short
Gate ENJ_USDT	+0.0100%	4h	0.02801	−0.024%	$109K	$37K	25x	as long as short
MEXC ENJ_USDT	+0.0100%	4h	0.02802	+0.012%	$1.7M	$884K	75x	as long as short
KuCoin ENJUSDTM	+0.0100%	4h	0.02803	+0.047%	$393K	$66K	30x	as long as short
Bitget ENJUSDT	+0.0100%	4h	0.02801	−0.024%	$705K	$258K	50x	as long as short
Variational Omni ENJ	+0.0100%	8h	0.02788	−0.484%	$2K	$19K	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended ENJ-USD	+0.0104%	1h	0.02802	+0.012%	$4K	$287K	5x	as long as short
BloFin ENJ-USDTshort	+0.0117%	4h	0.02796	−0.202%	$130K	$102K	50x
BingX ENJ-USDT	+0.0200%	4h	0.02794	−0.274%	—	$2.4M	—	as long as short