Funding arb · Price arb /

ENJ

all ENJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0038%/8h= +4.2% APRpaid last 24h −0.001%

Price spread now: Extended against BloFin−0.099%114s7-day average −0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1081.079% of the position

Long on BloFin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.015%+$2 on $10k

Price spread, last 3 days (all we have)+0.082%+$8 · spread now −0.099%, 7d avg −0.041%

Together, before fees+0.098%+ Points / potential airdropExtended: Active · farm board+$10 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.059% cheaper against BloFin than usual: you would sell low and buy high (spread −0.099% now, against its 7-day average of −0.041%). If the spread goes back, that is −$6 on $10k: about 5.2 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.015% in total) that is about 27 days. The two prices were read 114 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ENJ-USDT	0.02840	0.0066	pay 0.0033% / 4h	3h 05m	$133K	$60K	50x
Short	Extended ENJ-USD	0.02837	0.0104	get 0.0013% / 1h	5m 23s	$278	$189K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against BloFin. 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 BloFinbpFee ExtendedbpOrdersPrice spread, now −0.099%Rate

Funding earned: $7.96
Price spread: −0.099% → −0.041%: −$5.87
Slippage, 4 orders: −$90.93
Fee BloFin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$105.84
Costs to cover: 1.079%
Break-even: 100.0 days

Slippage from BloFin: live order book, 51 min ago; Extended: live order book, 1 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 BloFin live order book, 51 min ago	1.77 bp	20.0 bp −$20	51.2 bp −$512	doesn't fit	doesn't fit
Sell Extended live order book, 1 min ago	4.58 bp	37.4 bp −$37	260.8 bp −$2,608	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-USDTlong	+0.0066%	4h	0.02840	long leg	$133K	$60K	50x
Aster ENJUSDT	+0.0100%	4h	0.02841	+0.046%	$18K	$5K	5x	as long as short
Binance ENJUSDT	+0.0100%	4h	0.02838	−0.073%	$3.0M	$3.5M	50x	as long as short
Bybit ENJUSDT	+0.0100%	8h	0.02838	−0.070%	$967K	$601K	25x	as long as short
OKX ENJ-USDT-SWAP	+0.0100%	4h	0.02838	−0.070%	$296K	$442K	10x	as long as short
Gate ENJ_USDT	+0.0100%	4h	0.02842	+0.070%	$110K	$33K	25x	as long as short
MEXC ENJ_USDT	+0.0100%	4h	0.02838	−0.070%	$2.0M	$753K	75x	as long as short
KuCoin ENJUSDTM	+0.0100%	4h	0.02841	+0.035%	$398K	$73K	30x	as long as short
Bitget ENJUSDT	+0.0100%	4h	0.02838	−0.070%	$721K	$241K	50x	as long as short
BingX ENJ-USDT	+0.0100%	4h	0.02840	0.000%	—	$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	0.02836	−0.124%	$19K	$2K	—	as long as short
Extended ENJ-USDshort	+0.0104%	1h	0.02837	−0.099%	$278	$189K	5x
Kraken Futures PF_ENJUSD	+0.5518%	1h	0.02859	+0.686%	$26K	$8K	20x	as long as short