Funding arb · Price arb /

ENJ

all ENJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against Bybit+0.007%7-day average +0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$157as in the Funding arb table

Net, price: spread back to 7d avg − costs−$162as in the Price arb table

costs, in and out, $10k−$1581.584% of the position

Long on Bybit Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.017%+$2 on $10k

Price spread, last 4 days (all we have)+0.074%+$7 · spread now +0.007%, 7d avg +0.039%

Together, before fees+0.091%+ Points / potential airdropExtended: Active · farm board+$9 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: Extended is 0.032% cheaper against Bybit than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.039%.

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	4h 18m	$951K	$623K	25x
Short	Extended ENJ-USD	0.02814	0.0104	get 0.0013% / 1h	18m 03s	$2K	$189K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Bybit. 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 BybitbpFee ExtendedbpOrdersPrice spread, now +0.007%Rate

Funding earned: $0.84
Price spread: +0.007% → +0.039%: −$3.2
Slippage, 4 orders: −$142.41
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$160.77
Costs to cover: 1.584%
Break-even: 1346.7 days

Slippage from Bybit: live order book, 37 min ago; Extended: live order book, 38 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, 37 min ago	5.31 bp	38.0 bp −$38	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 38 min ago	3.90 bp	35.4 bp −$35	256.7 bp −$2,567	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	+0.0093%	4h	0.02816	+0.071%	$133K	$102K	50x	as long as short
Aster ENJUSDT	+0.0100%	4h	0.02818	+0.144%	$18K	$5K	5x	as long as short
Binance ENJUSDT	+0.0100%	4h	0.02816	+0.071%	$3.0M	$3.5M	50x	as long as short
Bybit ENJUSDTlong	+0.0100%	8h	0.02814	long leg	$951K	$623K	25x
OKX ENJ-USDT-SWAP	+0.0100%	4h	0.02816	+0.071%	$293K	$454K	10x	as long as short
Gate ENJ_USDT	+0.0100%	4h	0.02816	+0.071%	$109K	$34K	25x	as long as short
MEXC ENJ_USDT	+0.0100%	4h	0.02816	+0.071%	$2.0M	$842K	75x	as long as short
KuCoin ENJUSDTM	+0.0100%	4h	0.02818	+0.142%	$397K	$71K	30x	as long as short
Bitget ENJUSDT	+0.0100%	4h	0.02813	−0.036%	$694K	$278K	50x	as long as short
BingX ENJ-USDT	+0.0100%	4h	0.02815	+0.036%	—	$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	0.02813	−0.018%	$3K	$18K	—	as long as short
Extended ENJ-USDshort	+0.0104%	1h	0.02814	+0.007%	$2K	$189K	5x
Kraken Futures PF_ENJUSD	+0.5531%	1h	0.02835	+0.730%	$26K	$8K	20x	as long as short