Funding arb · Price arb /

ENJ

all ENJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.009%

Price spread now: BingX against Extended−0.034%7-day average +0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$163as in the Funding arb table

Net, price: spread back to 7d avg − costs−$171as in the Price arb table

costs, in and out, $10k−$1661.662% of the position

Long on Extended Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.033%+$3 on $10k

Price spread, last 4 days (all we have)−0.071%−$7 · spread now −0.034%, 7d avg +0.011%

Together, before fees−0.037%+ Points / potential airdropExtended: Active · farm board−$4 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: BingX is 0.045% cheaper against Extended than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ENJ-USD	0.02814	0.0104	pay 0.0013% / 1h	21m 54s	$1K	$220K	5x
Short	BingX ENJ-USDT	0.02813	0.0100	get 0.0050% / 4h	21m 54s	—	$2.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Extended. 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 ExtendedbpFee BingXbpOrdersPrice spread, now −0.034%Rate

Funding earned: −$0.84
Price spread: −0.034% → +0.011%: −$4.54
Slippage, 4 orders: −$151.2
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BingX: 5 bp × 2 orders: −$10
Net: −$171.59
Costs to cover: 1.662%
Break-even: never at this rate

Slippage from Extended: live order book, 55 min ago; BingX: live order book, 12 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 Extended live order book, 55 min ago	4.43 bp	44.2 bp −$44	274.0 bp −$2,740	doesn't fit	doesn't fit
Sell BingX live order book, 12 min ago	26.66 bp	47.5 bp −$47	79.6 bp −$796	524.4 bp −$52.4K	1195.7 bp −$597.8K

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	−0.070%	$134K	$59K	50x	as long as short
Aster ENJUSDT	+0.0100%	4h	0.02815	+0.034%	$18K	$5K	5x	as long as short
Binance ENJUSDT	+0.0100%	4h	0.02815	+0.034%	$3.0M	$3.5M	50x	as long as short
Bybit ENJUSDT	+0.0100%	8h	0.02815	+0.037%	$962K	$593K	25x	as long as short
OKX ENJ-USDT-SWAP	+0.0100%	4h	0.02813	−0.034%	$297K	$445K	10x	as long as short
Gate ENJ_USDT	+0.0100%	4h	0.02815	+0.037%	$110K	$33K	25x	as long as short
MEXC ENJ_USDT	+0.0100%	4h	0.02814	+0.001%	$2.0M	$753K	75x	as long as short
KuCoin ENJUSDTM	+0.0100%	4h	0.02818	+0.143%	$403K	$75K	30x	as long as short
Bitget ENJUSDT	+0.0100%	4h	0.02814	+0.001%	$709K	$278K	50x	as long as short
BingX ENJ-USDTshort	+0.0100%	4h	0.02813	−0.034%	—	$2.4M	—

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	−0.099%	$19K	$2K	—	as long as short
Extended ENJ-USDlong	+0.0104%	1h	0.02814	long leg	$1K	$220K	5x
Kraken Futures PF_ENJUSD	+0.5820%	1h	0.02833	+0.665%	$26K	$8K	20x	as long as short