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% APRnext payment +$0.00 per $10,000 · paid last 24h +0.010%

Price spread now: BingX against KuCoin−0.389%7-day average −0.071% · you buy dearer than you sell

Net, funding: paid 7d − costs−$445as in the Funding arb table

Net, price: spread back to 7d avg − costs−$505as in the Price arb table

costs, in and out, $10k−$4744.736% of the position

Long on KuCoin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.286%+$29 on $10k

Price spread, last 4 days (all we have)+0.315%+$32 · spread now −0.389%, 7d avg −0.071%

Together, before fees+0.601%+$60 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: BingX is 0.318% cheaper against KuCoin than usual: you would sell low and buy high, −$32 on $10k if it goes back to its 7-day average of −0.071%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ENJUSDTM	0.02825	0.0100	pay 0.0050% / 4h	2h 57m	$395K	$61K	30x
Short	BingX ENJ-USDT	0.02814	0.0100	get 0.0050% / 4h	2h 57m	—	$2.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against KuCoin. 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 KuCoinbpFee BingXbpOrdersPrice spread, now −0.389%Rate

Funding earned: $0
Price spread: −0.389% → −0.071%: −$31.84
Slippage, 4 orders: −$451.65
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$505.49
Costs to cover: 4.736%
Break-even: never at this rate

Slippage from KuCoin: live order book, 25 min ago; BingX: live order book, 12 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 KuCoin live order book, 25 min ago	7.11 bp	217.9 bp −$218	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 12 min ago	1.78 bp	12.9 bp −$13	54.7 bp −$547	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
Kraken Futures PF_ENJUSD	−0.0326%	1h	0.02824	−0.020%	$24K	$13K	20x	as long as short
Aster ENJUSDT	+0.0100%	4h	0.02824	−0.045%	$18K	$8K	5x	as long as short
Binance ENJUSDT	+0.0100%	4h	0.02826	+0.035%	$3.0M	$3.5M	50x	as long as short
Bybit ENJUSDT	+0.0100%	8h	0.02824	−0.035%	$942K	$541K	25x	as long as short
OKX ENJ-USDT-SWAP	+0.0100%	4h	0.02825	0.000%	$290K	$377K	10x	as long as short
Gate ENJ_USDT	+0.0100%	4h	0.02822	−0.106%	$110K	$37K	25x	as long as short
MEXC ENJ_USDT	+0.0100%	4h	0.02823	−0.071%	$1.7M	$854K	75x	as long as short
KuCoin ENJUSDTMlong	+0.0100%	4h	0.02825	long leg	$395K	$61K	30x
Bitget ENJUSDT	+0.0100%	4h	0.02826	+0.035%	$712K	$244K	50x	as long as short
BingX ENJ-USDTshort	+0.0100%	4h	0.02814	−0.389%	—	$2.4M	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ENJ	+0.0100%	8h	0.02818	−0.249%	$2K	$19K	—	as long as short
Extended ENJ-USD	+0.0104%	1h	0.02820	−0.170%	$113	$288K	5x	as long as short
BloFin ENJ-USDT	+0.0113%	4h	0.02821	−0.142%	$130K	$96K	50x	as long as short