Funding arb · Price arb /

ENJ

all ENJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.005%

Price spread now: Bybit against BingX−0.022%7-day average −0.053% · you buy dearer than you sell

Net, funding: paid 7d − costs−$166as in the Funding arb table

Net, price: spread back to 7d avg − costs−$158as in the Price arb table

costs, in and out, $10k−$1611.615% of the position

Long on BingX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.050%−$5 on $10k

Price spread, last 4 days (all we have)+0.071%+$7 · spread now −0.022%, 7d avg −0.053%

Together, before fees+0.022%+$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.031% dearer against BingX than usual: you sell high and buy low (spread −0.022% now, against its 7-day average of −0.053%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 25 hours. At the pace of the last 7 days (−0.050% in total) that is about 4.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ENJ-USDT	0.02779	0.0200	pay 0.0100% / 4h	2h 13m	—	$2.4M	—
Short	Bybit ENJUSDT	0.02778	0.0100	get 0.0100% / 8h	2h 13m	$926K	$556K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BingXbpFee BybitbpOrdersPrice spread, now −0.022%Rate

Funding earned: −$21
Price spread: −0.022% → −0.053%: $3.1
Slippage, 4 orders: −$140.48
Fee BingX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$179.38
Costs to cover: 1.615%
Break-even: never at this rate

Slippage from BingX: live order book, 5 min ago; Bybit: live order book, 31 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 BingX live order book, 5 min ago	27.02 bp	48.3 bp −$48	75.4 bp −$754	571.2 bp −$57.1K	981.6 bp −$490.8K
Sell Bybit live order book, 31 min ago	3.60 bp	25.1 bp −$25	doesn't fit	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	0.02780	+0.044%	$17K	$5K	5x	as long as short
Binance ENJUSDT	+0.0100%	4h	0.02780	+0.020%	$3.0M	$3.5M	50x	as long as short
Bybit ENJUSDTshort	+0.0100%	8h	0.02778	−0.022%	$926K	$556K	25x
OKX ENJ-USDT-SWAP	+0.0100%	4h	0.02780	+0.036%	$291K	$395K	10x	as long as short
Gate ENJ_USDT	+0.0100%	4h	0.02779	0.000%	$106K	$35K	25x	as long as short
MEXC ENJ_USDT	+0.0100%	4h	0.02780	+0.036%	$1.8M	$855K	75x	as long as short
KuCoin ENJUSDTM	+0.0100%	4h	0.02780	+0.036%	$391K	$69K	30x	as long as short
Bitget ENJUSDT	+0.0100%	4h	0.02780	+0.036%	$700K	$268K	50x	as long as short
Variational Omni ENJ	+0.0100%	8h	0.02770	−0.340%	$1K	$19K	—	as long as short
Extended ENJ-USD	+0.0104%	1h	0.02780	+0.034%	$411	$281K	5x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin ENJ-USDT	+0.0145%	4h	0.02771	−0.288%	$129K	$101K	50x	as long as short
BingX ENJ-USDTlong	+0.0200%	4h	0.02779	long leg	—	$2.4M	—
Kraken Futures PF_ENJUSD	+0.6289%	1h	0.02781	+0.087%	$24K	$13K	20x	as long as short