Settings8H · net · $10k
Funding arb · Price arb /

ENJ

all ENJ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.15 per $10,000 · paid last 24h −0.002%
Price spread now: Bitget against BloFin−0.106%105s7-day average −0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$74as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$750.751% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.008%+$1 on $10k
Price spread, last 4 days (all we have)+0.215%+$22 · spread now −0.106%, 7d avg −0.017%
Together, before fees+0.223%+$22 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bitget is 0.089% cheaper against BloFin than usual: you would sell low and buy high (spread −0.106% now, against its 7-day average of −0.017%). If the spread goes back, that is −$9 on $10k: about 9.7 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.008% in total) that is about 3 months. The two prices were read 105 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin ENJ-USDT0.028380.0070pay 0.0035% / 4h1h 09m$134K$103K50x
ShortBitget ENJUSDT0.028350.0100get 0.0050% / 4h1h 09m$712K$232K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against BloFin. 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

Funding earned
$6.38
Price spread: −0.106% → −0.017%
−$8.87
Slippage, 4 orders
−$51.06
Fee BloFin: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$77.55
Costs to cover
0.751%
Break-even
92.1 days
Slippage from BloFin: live order book, 22 min ago; Bitget: live order book, 51 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 22 min ago1.77 bp7.8 bp −$848.0 bp −$480doesn't fitdoesn't fit
Sell Bitget live order book, 51 min ago5.30 bp30.2 bp −$3086.8 bp −$868doesn't fitdoesn't fit

ENJ on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin ENJ-USDTlong+0.0070%4h0.02838long leg$134K$103K50x
Aster ENJUSDT+0.0100%4h0.02838−0.016%$18K$5K5xas long as short
Binance ENJUSDT+0.0100%4h0.02833−0.184%$3.0M$3.5M50xas long as short
Bybit ENJUSDT+0.0100%8h0.02834−0.134%$965K$592K25xas long as short
OKX ENJ-USDT-SWAP+0.0100%4h0.02834−0.141%$294K$449K10xas long as short
Gate ENJ_USDT+0.0100%4h0.02836−0.070%$109K$34K25xas long as short
MEXC ENJ_USDT+0.0100%4h0.02833−0.176%$2.0M$773K75xas long as short
KuCoin ENJUSDTM+0.0100%4h0.02836−0.070%$398K$70K30xas long as short
Bitget ENJUSDTshort+0.0100%4h0.02835−0.106%$712K$232K50x
BingX ENJ-USDT+0.0100%4h0.02836−0.070%$2.4Mas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni ENJ+0.0100%8h0.02833−0.160%$19K$2Kas long as short
Extended ENJ-USD+0.0104%1h0.02834−0.130%$680$185K5xas long as short
Kraken Futures PF_ENJUSD+0.5288%1h0.02856+0.620%$26K$8K20xas long as short