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 OKX−0.107%7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$123as in the Funding arb table

Net, price: spread back to 7d avg − costs−$135as in the Price arb table

costs, in and out, $10k−$1251.254% of the position

Long on OKX Short on Bitget

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)−0.097%−$10 · spread now −0.107%, 7d avg −0.010%

Together, before fees−0.072%−$7 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 0.096% cheaper against OKX than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ENJ-USDT-SWAP	0.02816	0.0100	pay 0.0050% / 4h	18m 00s	$293K	$454K	10x
Short	Bitget ENJUSDT	0.02813	0.0100	get 0.0050% / 4h	18m 00s	$694K	$278K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.107%Rate

Funding earned: $0
Price spread: −0.107% → −0.010%: −$9.61
Slippage, 4 orders: −$103.37
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$134.99
Costs to cover: 1.254%
Break-even: never at this rate

Slippage from OKX: live order book, 38 min ago; Bitget: live order book, 37 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, 38 min ago	5.32 bp	32.4 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 37 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
BloFin ENJ-USDT	+0.0093%	4h	0.02816	0.000%	$133K	$102K	50x	as long as short
Aster ENJUSDT	+0.0100%	4h	0.02818	+0.073%	$18K	$5K	5x	as long as short
Binance ENJUSDT	+0.0100%	4h	0.02816	0.000%	$3.0M	$3.5M	50x	as long as short
Bybit ENJUSDT	+0.0100%	8h	0.02814	−0.071%	$951K	$623K	25x	as long as short
OKX ENJ-USDT-SWAPlong	+0.0100%	4h	0.02816	long leg	$293K	$454K	10x
Gate ENJ_USDT	+0.0100%	4h	0.02816	0.000%	$109K	$34K	25x	as long as short
MEXC ENJ_USDT	+0.0100%	4h	0.02816	0.000%	$2.0M	$842K	75x	as long as short
KuCoin ENJUSDTM	+0.0100%	4h	0.02818	+0.071%	$397K	$71K	30x	as long as short
Bitget ENJUSDTshort	+0.0100%	4h	0.02813	−0.107%	$694K	$278K	50x
BingX ENJ-USDT	+0.0100%	4h	0.02815	−0.036%	—	$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	0.02813	−0.090%	$3K	$18K	—	as long as short
Extended ENJ-USD	+0.0104%	1h	0.02814	−0.064%	$2K	$189K	5x	as long as short
Kraken Futures PF_ENJUSD	+0.5531%	1h	0.02835	+0.658%	$26K	$8K	20x	as long as short