Funding arb · Price arb /

ENJ

all ENJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0002%/8h= +0.2% APRpaid last 24h −0.004%

Price spread now: BloFin against Extended+0.177%94s7-day average +0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$114as 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−$1131.129% of the position

Long on Extended Short on BloFin

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.169%−$17 · spread now +0.177%, 7d avg +0.040%

Together, before fees−0.184%+ Points / potential airdropExtended: Active · farm board−$18 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: BloFin is 0.137% dearer against Extended than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.040%. The two prices were read 94 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	Extended ENJ-USD	0.02785	0.0104	pay 0.0013% / 1h	49m 26s	$22	$291K	5x
Short	BloFin ENJ-USDT	0.02790	0.0106	get 0.0053% / 4h	1h 49m	$129K	$95K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Extended. 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 ExtendedbpFee BloFinbpOrdersPrice spread, now +0.177%Rate

Funding earned: $0.42
Price spread: +0.177% → +0.040%: $13.67
Slippage, 4 orders: −$95.95
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$98.86
Costs to cover: 1.129%
Break-even: 1652.1 days

Slippage from Extended: live order book, 60 min ago; BloFin: live order book, 54 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, 60 min ago	4.63 bp	39.7 bp −$40	267.6 bp −$2,676	doesn't fit	doesn't fit
Sell BloFin live order book, 54 min ago	1.78 bp	13.9 bp −$14	48.0 bp −$480	doesn't fit	doesn't fit

ENJ on 13 exchanges

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
Kraken Futures PF_ENJUSD	−0.0495%	1h	0.02787	+0.083%	$22K	$15K	20x	as long as short
Aster ENJUSDT	+0.0100%	4h	0.02786	+0.044%	$17K	$8K	5x	as long as short
Binance ENJUSDT	+0.0100%	4h	0.02786	+0.033%	$3.0M	$3.4M	50x	as long as short
Bybit ENJUSDT	+0.0100%	8h	0.02784	−0.039%	$915K	$534K	25x	as long as short
OKX ENJ-USDT-SWAP	+0.0100%	4h	0.02785	−0.003%	$285K	$362K	10x	as long as short
Gate ENJ_USDT	+0.0100%	4h	0.02786	+0.033%	$106K	$37K	25x	as long as short
MEXC ENJ_USDT	+0.0100%	4h	0.02786	+0.033%	$1.8M	$864K	75x	as long as short
KuCoin ENJUSDTM	+0.0100%	4h	0.02788	+0.105%	$413K	$62K	30x	as long as short
Bitget ENJUSDT	+0.0100%	4h	0.02786	+0.033%	$702K	$231K	50x	as long as short
BingX ENJ-USDT	+0.0100%	4h	0.02785	−0.003%	—	$2.4M	—	as long as short

Show all 13 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ENJ	+0.0100%	8h	0.02782	−0.118%	$2K	$19K	—	as long as short
Extended ENJ-USDlong	+0.0104%	1h	0.02785	long leg	$22	$291K	5x
BloFin ENJ-USDTshort	+0.0106%	4h	0.02790	+0.177%	$129K	$95K	50x