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% APRpaid last 24h 0.000%

Price spread now: Bybit against Bitget0.000%7-day average −0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs−$136as in the Funding arb table

Net, price: spread back to 7d avg − costs−$129as in the Price arb table

costs, in and out, $10k−$1351.349% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.010%−$1 on $10k

Price spread, last 4 days (all we have)+0.111%+$11 · spread now 0.000%, 7d avg −0.063%

Together, before fees+0.102%+$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: Bybit is 0.063% dearer against Bitget than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.063%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ENJUSDT	0.02823	0.0100	pay 0.0050% / 4h	1h 36m	$708K	$232K	50x
Short	Bybit ENJUSDT	0.02823	0.0100	get 0.0100% / 8h	5h 36m	$961K	$595K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Bitget. 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 BitgetbpFee BybitbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.063%: $6.26
Slippage, 4 orders: −$111.89
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$128.63
Costs to cover: 1.349%
Break-even: never at this rate

Slippage from Bitget: live order book, 24 min ago; Bybit: live order book, 23 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 Bitget live order book, 24 min ago	5.30 bp	27.0 bp −$27	78.1 bp −$781	doesn't fit	doesn't fit
Sell Bybit live order book, 23 min ago	3.54 bp	36.7 bp −$37	293.6 bp −$2,936	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	+0.0047%	4h	0.02821	−0.071%	$133K	$80K	50x	as long as short
Aster ENJUSDT	+0.0100%	4h	0.02825	+0.063%	$18K	$5K	5x	as long as short
Binance ENJUSDT	+0.0100%	4h	0.02823	0.000%	$3.0M	$3.5M	50x	as long as short
Bybit ENJUSDTshort	+0.0100%	8h	0.02823	0.000%	$961K	$595K	25x
OKX ENJ-USDT-SWAP	+0.0100%	4h	0.02825	+0.071%	$293K	$454K	10x	as long as short
Gate ENJ_USDT	+0.0100%	4h	0.02823	0.000%	$109K	$34K	25x	as long as short
MEXC ENJ_USDT	+0.0100%	4h	0.02824	+0.035%	$2.0M	$770K	75x	as long as short
KuCoin ENJUSDTM	+0.0100%	4h	0.02826	+0.106%	$397K	$70K	30x	as long as short
Bitget ENJUSDTlong	+0.0100%	4h	0.02823	long leg	$708K	$232K	50x
BingX ENJ-USDT	+0.0100%	4h	0.02822	−0.035%	—	$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	0.02822	−0.037%	$19K	$2K	—	as long as short
Extended ENJ-USD	+0.0104%	1h	0.02822	−0.024%	$4K	$184K	5x	as long as short
Kraken Futures PF_ENJUSD	+0.5311%	1h	0.02843	+0.713%	$26K	$8K	20x	as long as short