Funding arb · Price arb /

ENJ

all ENJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Binance against Bybit+0.039%7-day average +0.077% · you sell dearer than you buy

Net, funding: paid 7d − costs−$122as in the Funding arb table

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

costs, in and out, $10k−$1261.257% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.041%+$4 on $10k

Price spread, last 4 days (all we have)+0.064%+$6 · spread now +0.039%, 7d avg +0.077%

Together, before fees+0.105%+$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: Binance is 0.037% cheaper against Bybit than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.077%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ENJUSDT	0.02814	0.0100	pay 0.0100% / 8h	22m 00s	$961K	$593K	25x
Short	Binance ENJUSDT	0.02815	0.0100	get 0.0050% / 4h	22m 00s	$3.0M	$3.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now +0.039%Rate

Funding earned: $0
Price spread: +0.039% → +0.077%: −$3.73
Slippage, 4 orders: −$104.73
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$129.45
Costs to cover: 1.257%
Break-even: never at this rate

Slippage from Bybit: live order book, 53 min ago; Binance: live order book, 14 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 Bybit live order book, 53 min ago	5.31 bp	40.4 bp −$40	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	1.78 bp	19.9 bp −$20	73.7 bp −$737	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	+0.0090%	4h	0.02812	−0.064%	$134K	$59K	50x	as long as short
Aster ENJUSDT	+0.0100%	4h	0.02815	+0.039%	$18K	$5K	5x	as long as short
Binance ENJUSDTshort	+0.0100%	4h	0.02815	+0.039%	$3.0M	$3.5M	50x
Bybit ENJUSDTlong	+0.0100%	8h	0.02814	long leg	$961K	$593K	25x
OKX ENJ-USDT-SWAP	+0.0100%	4h	0.02813	−0.028%	$297K	$445K	10x	as long as short
Gate ENJ_USDT	+0.0100%	4h	0.02815	+0.043%	$110K	$33K	25x	as long as short
MEXC ENJ_USDT	+0.0100%	4h	0.02814	+0.007%	$2.0M	$752K	75x	as long as short
KuCoin ENJUSDTM	+0.0100%	4h	0.02818	+0.149%	$403K	$75K	30x	as long as short
Bitget ENJUSDT	+0.0100%	4h	0.02814	+0.007%	$709K	$278K	50x	as long as short
BingX ENJ-USDT	+0.0100%	4h	0.02814	+0.007%	—	$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	0.02811	−0.093%	$19K	$2K	—	as long as short
Extended ENJ-USD	+0.0104%	1h	0.02814	+0.006%	$1K	$220K	5x	as long as short
Kraken Futures PF_ENJUSD	+0.5820%	1h	0.02833	+0.670%	$26K	$8K	20x	as long as short