Funding arb · Price arb /

ENJ

all ENJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.5656%/8h= +619.3% APRpaid last 24h −0.336%

Price spread now: Kraken Futures against BingX+0.864%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on BingX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$170 a day on $10k at the current rate, and Kraken Futures is 0.864% dearer against BingX than usual: you sell high and buy low: +$86 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ENJ-USDT	0.02813	0.0100	pay 0.0050% / 4h	3h 33m	—	$2.4M	—
Short	Kraken Futures PF_ENJUSD	0.02837	0.5756	get 0.0719% / 1h	33m 52s	$25K	$13K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against BingX. 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 BingXbpFee Kraken FuturesbpOrdersPrice spread, now +0.864%Rate

Funding earned: $1,187.74
Price spread: +0.864% → 0.000%: $86.45
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $1,254.19
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: BingX: live order book, 10 min ago; Kraken Futures: no order-book sample. Net counts fees only.

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, 10 min ago	8.94 bp	69.9 bp −$70	103.1 bp −$1,031	625.2 bp −$62.5K	1025.2 bp −$512.6K
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.02819	+0.223%	$18K	$3K	5x	as long as short
Binance ENJUSDT	+0.0100%	4h	0.02815	+0.079%	$3.0M	$3.1M	50x	as long as short
Bybit ENJUSDT	+0.0100%	8h	0.02815	+0.060%	$959K	$568K	25x	as long as short
OKX ENJ-USDT-SWAP	+0.0100%	4h	0.02814	+0.036%	$295K	$425K	10x	as long as short
Gate ENJ_USDT	+0.0100%	4h	0.02817	+0.142%	$110K	$31K	25x	as long as short
MEXC ENJ_USDT	+0.0100%	4h	0.02815	+0.071%	$2.0M	$785K	75x	as long as short
KuCoin ENJUSDTM	+0.0100%	4h	0.02820	+0.249%	$397K	$76K	30x	as long as short
Bitget ENJUSDT	+0.0100%	4h	0.02817	+0.142%	$701K	$260K	50x	as long as short
BingX ENJ-USDTlong	+0.0100%	4h	0.02813	long leg	—	$2.4M	—
Variational Omni ENJ	+0.0100%	8h	0.02812	−0.034%	$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	0.02816	+0.114%	$1K	$220K	5x	as long as short
BloFin ENJ-USDT	+0.0126%	4h	0.02807	−0.213%	$137K	$44K	50x	as long as short
Kraken Futures PF_ENJUSDshort	+0.5756%	1h	0.02837	+0.864%	$25K	$13K	20x