Funding arb · Price arb /

ENJ

all ENJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.5335%/8h= −584.2% APRpaid last 24h +0.448%

Price spread now: Gate against Kraken Futures−0.675%7-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 Gate

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

Both sides work against this trade now: funding costs −$160 a day on $10k at the current rate, and Gate is 0.675% cheaper against Kraken Futures than usual: you would sell low and buy high (−$67 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ENJUSD	0.02840	0.5435	pay 0.0679% / 1h	46m 09s	$26K	$8K	20x
Short	Gate ENJ_USDT	0.02821	0.0100	get 0.0050% / 4h	1h 46m	$110K	$31K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.675%Rate

Funding earned: −$1,120.4
Price spread: −0.675% → 0.000%: −$67.45
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$1,212.85
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; Gate: live order book, 29 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 Gate live order book, 29 min ago	45.87 bp	260.8 bp −$261	doesn't fit	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
BloFin ENJ-USDT	+0.0066%	4h	0.02818	−0.780%	$138K	$61K	50x	as long as short
Aster ENJUSDT	+0.0100%	4h	0.02822	−0.632%	$18K	$3K	5x	as long as short
Binance ENJUSDT	+0.0100%	4h	0.02823	−0.611%	$3.1M	$3.2M	50x	as long as short
Bybit ENJUSDT	+0.0100%	8h	0.02822	−0.632%	$963K	$579K	25x	as long as short
OKX ENJ-USDT-SWAP	+0.0100%	4h	0.02824	−0.569%	$295K	$431K	10x	as long as short
Gate ENJ_USDTshort	+0.0100%	4h	0.02821	−0.675%	$110K	$31K	25x
MEXC ENJ_USDT	+0.0100%	4h	0.02821	−0.675%	$2.0M	$744K	75x	as long as short
KuCoin ENJUSDTM	+0.0100%	4h	0.02823	−0.604%	$400K	$78K	30x	as long as short
Bitget ENJUSDT	+0.0100%	4h	0.02822	−0.639%	$699K	$264K	50x	as long as short
BingX ENJ-USDT	+0.0100%	4h	0.02823	−0.604%	—	$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	0.02819	−0.753%	$19K	$2K	—	as long as short
Extended ENJ-USD	+0.0104%	1h	0.02821	−0.683%	$1K	$220K	5x	as long as short
Kraken Futures PF_ENJUSDlong	+0.5435%	1h	0.02840	long leg	$26K	$8K	20x