Funding arb · Price arb /

ENJ

all ENJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against KuCoin−0.142%7-day average −0.061% · you buy dearer than you sell

Net, funding: paid 7d − costs−$633as in the Funding arb table

Net, price: spread back to 7d avg − costs−$668as in the Price arb table

costs, in and out, $10k−$6606.601% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.270%+$27 on $10k

Price spread, last 4 days (all we have)−0.006%−$1 · spread now −0.142%, 7d avg −0.061%

Together, before fees+0.264%+$26 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: Bitget is 0.081% cheaper against KuCoin than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.061%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ENJUSDTM	0.02810	0.0100	pay 0.0050% / 4h	39m 27s	$395K	$70K	30x
Short	Bitget ENJUSDT	0.02806	0.0100	get 0.0050% / 4h	39m 27s	$709K	$263K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.142%Rate

Funding earned: $0
Price spread: −0.142% → −0.061%: −$8.14
Slippage, 4 orders: −$636.09
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$668.23
Costs to cover: 6.601%
Break-even: never at this rate

Slippage from KuCoin: live order book, 43 min ago; Bitget: live order book, 16 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, 43 min ago	14.09 bp	223.1 bp −$223	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 16 min ago	1.77 bp	39.6 bp −$40	103.4 bp −$1,034	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	0.02808	−0.079%	$17K	$5K	5x	as long as short
Binance ENJUSDT	+0.0100%	4h	0.02807	−0.099%	$3.0M	$3.5M	50x	as long as short
Bybit ENJUSDT	+0.0100%	8h	0.02805	−0.181%	$947K	$620K	25x	as long as short
OKX ENJ-USDT-SWAP	+0.0100%	4h	0.02805	−0.178%	$291K	$451K	10x	as long as short
Gate ENJ_USDT	+0.0100%	4h	0.02808	−0.071%	$108K	$34K	25x	as long as short
MEXC ENJ_USDT	+0.0100%	4h	0.02808	−0.071%	$2.0M	$834K	75x	as long as short
KuCoin ENJUSDTMlong	+0.0100%	4h	0.02810	long leg	$395K	$70K	30x
Bitget ENJUSDTshort	+0.0100%	4h	0.02806	−0.142%	$709K	$263K	50x
BingX ENJ-USDT	+0.0100%	4h	0.02809	−0.036%	—	$2.4M	—	as long as short
Variational Omni ENJ	+0.0100%	8h	0.02806	−0.125%	$3K	$18K	—	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	0.02808	−0.057%	$2K	$191K	5x	as long as short
BloFin ENJ-USDT	+0.0108%	4h	0.02808	−0.071%	$133K	$102K	50x	as long as short
Kraken Futures PF_ENJUSD	+0.5550%	1h	0.02825	+0.534%	$26K	$8K	20x	as long as short