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: Binance against OKX+0.070%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$103as in the Funding arb table

Net, price: spread back to 7d avg − costs−$99as in the Price arb table

costs, in and out, $10k−$1061.055% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.025%+$2 on $10k

Price spread, last 4 days (all we have)−0.121%−$12 · spread now +0.070%, 7d avg +0.005%

Together, before fees−0.096%−$10 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: Binance is 0.065% dearer against OKX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ENJ-USDT-SWAP	0.02838	0.0100	pay 0.0050% / 4h	3h 04m	$296K	$442K	10x
Short	Binance ENJUSDT	0.02840	0.0100	get 0.0050% / 4h	3h 04m	$3.0M	$3.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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 OKXbpFee BinancebpOrdersPrice spread, now +0.070%Rate

Funding earned: $0
Price spread: +0.070% → +0.005%: $6.53
Slippage, 4 orders: −$85.53
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$99
Costs to cover: 1.055%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; Binance: live order book, 1 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 OKX live order book, 1 min ago	1.76 bp	32.7 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 1 min ago	3.52 bp	16.6 bp −$17	68.5 bp −$685	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	0.02841	+0.112%	$18K	$5K	5x	as long as short
Binance ENJUSDTshort	+0.0100%	4h	0.02840	+0.070%	$3.0M	$3.5M	50x
Bybit ENJUSDT	+0.0100%	8h	0.02839	+0.039%	$968K	$601K	25x	as long as short
OKX ENJ-USDT-SWAPlong	+0.0100%	4h	0.02838	long leg	$296K	$442K	10x
Gate ENJ_USDT	+0.0100%	4h	0.02842	+0.141%	$110K	$33K	25x	as long as short
MEXC ENJ_USDT	+0.0100%	4h	0.02837	−0.035%	$2.0M	$753K	75x	as long as short
KuCoin ENJUSDTM	+0.0100%	4h	0.02841	+0.106%	$398K	$73K	30x	as long as short
Bitget ENJUSDT	+0.0100%	4h	0.02840	+0.070%	$721K	$241K	50x	as long as short
BingX ENJ-USDT	+0.0100%	4h	0.02840	+0.070%	—	$2.4M	—	as long as short
Variational Omni ENJ	+0.0100%	8h	0.02836	−0.054%	$19K	$2K	—	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	0.02837	−0.026%	$278	$189K	5x	as long as short
BloFin ENJ-USDT	+0.0128%	4h	0.02840	+0.070%	$134K	$60K	50x	as long as short
Kraken Futures PF_ENJUSD	+0.5518%	1h	0.02859	+0.757%	$26K	$8K	20x	as long as short