Funding arb · Price arb /

ENJ

all ENJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.6161%/8h= +674.7% APRpaid last 24h +0.384%

Price spread now: Kraken Futures against Bybit+0.066%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$185 a day on $10k at the current rate, and Kraken Futures is 0.066% dearer against Bybit than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ENJUSDT	0.02792	0.0100	pay 0.0100% / 8h	2h 05m	$934K	$554K	25x
Short	Kraken Futures PF_ENJUSD	0.02794	0.6261	get 0.0783% / 1h	5m 27s	$24K	$13K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.066%Rate

Funding earned: $1,293.9
Price spread: +0.066% → 0.000%: $6.63
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $1,279.53
Costs to cover: 0.210%
Break-even: 0.1 days

Slippage unknown: Bybit: live order book, 40 min ago; Kraken Futures: no order-book sample. Net counts fees only.

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, 40 min ago	3.60 bp	40.5 bp −$40	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	+0.0040%	4h	0.02787	−0.168%	$128K	$101K	50x	as long as short
Aster ENJUSDT	+0.0100%	4h	0.02794	+0.069%	$17K	$5K	5x	as long as short
Binance ENJUSDT	+0.0100%	4h	0.02792	−0.003%	$3.0M	$3.5M	50x	as long as short
Bybit ENJUSDTlong	+0.0100%	8h	0.02792	long leg	$934K	$554K	25x
OKX ENJ-USDT-SWAP	+0.0100%	4h	0.02793	+0.047%	$292K	$397K	10x	as long as short
Gate ENJ_USDT	+0.0100%	4h	0.02793	+0.047%	$107K	$35K	25x	as long as short
MEXC ENJ_USDT	+0.0100%	4h	0.02791	−0.025%	$1.8M	$856K	75x	as long as short
KuCoin ENJUSDTM	+0.0100%	4h	0.02792	+0.011%	$392K	$69K	30x	as long as short
Bitget ENJUSDT	+0.0100%	4h	0.02791	−0.025%	$704K	$269K	50x	as long as short
Variational Omni ENJ	+0.0100%	8h	0.02791	−0.043%	$1K	$19K	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended ENJ-USD	+0.0104%	1h	0.02792	+0.019%	$413	$281K	5x	as long as short
BingX ENJ-USDT	+0.0200%	4h	0.02791	−0.025%	—	$2.4M	—	as long as short
Kraken Futures PF_ENJUSDshort	+0.6261%	1h	0.02794	+0.066%	$24K	$13K	20x