Funding arb · Price arb /

ENJ

all ENJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Bitget−0.179%7-day average +0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$117as in the Funding arb table

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

costs, in and out, $10k−$1151.155% of the position

Long on Bitget Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

Price spread, last 4 days (all we have)+0.401%+$40 · spread now −0.179%, 7d avg +0.013%

Together, before fees+0.381%+$38 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: OKX is 0.191% cheaper against Bitget than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of +0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ENJUSDT	0.02795	0.0100	pay 0.0050% / 4h	3h 31m	$704K	$253K	50x
Short	OKX ENJ-USDT-SWAP	0.02790	0.0100	get 0.0050% / 4h	3h 31m	$286K	$386K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.179%Rate

Funding earned: $0
Price spread: −0.179% → +0.013%: −$19.15
Slippage, 4 orders: −$93.46
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$134.61
Costs to cover: 1.155%
Break-even: never at this rate

Slippage from Bitget: live order book, 64 min ago; OKX: live order book, 64 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, 64 min ago	3.59 bp	18.8 bp −$19	66.4 bp −$664	doesn't fit	doesn't fit
Sell OKX live order book, 64 min ago	3.59 bp	34.4 bp −$34	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
BloFin ENJ-USDT	+0.0048%	4h	0.02799	+0.143%	$130K	$102K	50x	as long as short
Aster ENJUSDT	+0.0100%	4h	0.02793	−0.063%	$17K	$8K	5x	as long as short
Binance ENJUSDT	+0.0100%	4h	0.02790	−0.173%	$3.0M	$3.6M	50x	as long as short
Bybit ENJUSDT	+0.0100%	8h	0.02789	−0.215%	$932K	$557K	25x	as long as short
OKX ENJ-USDT-SWAPshort	+0.0100%	4h	0.02790	−0.179%	$286K	$386K	10x
Gate ENJ_USDT	+0.0100%	4h	0.02793	−0.072%	$109K	$37K	25x	as long as short
MEXC ENJ_USDT	+0.0100%	4h	0.02791	−0.143%	$1.7M	$890K	75x	as long as short
KuCoin ENJUSDTM	+0.0100%	4h	0.02796	+0.036%	$392K	$63K	30x	as long as short
Bitget ENJUSDTlong	+0.0100%	4h	0.02795	long leg	$704K	$253K	50x
BingX ENJ-USDT	+0.0100%	4h	0.02790	−0.179%	—	$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	0.02799	+0.127%	$2K	$19K	—	as long as short
Kraken Futures PF_ENJUSD	+0.0102%	1h	0.02794	−0.041%	$24K	$13K	20x	as long as short
Extended ENJ-USD	+0.0104%	1h	0.02790	−0.194%	$213	$287K	5x	as long as short