Funding arb · Price arb /

ENJ

all ENJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Bybit against Extended+0.016%7-day average −0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$143as in the Funding arb table

Net, price: spread back to 7d avg − costs−$136as in the Price arb table

costs, in and out, $10k−$1411.412% of the position

Long on Extended Short on Bybit

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)−0.065%−$7 · spread now +0.016%, 7d avg −0.037%

Together, before fees−0.082%+ Points / potential airdropExtended: Active · farm board−$8 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: Bybit is 0.053% dearer against Extended than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ENJ-USD	0.02820	0.0104	pay 0.0013% / 1h	0m 14s	$113	$293K	5x
Short	Bybit ENJUSDT	0.02821	0.0100	get 0.0100% / 8h	7h 00m	$941K	$543K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.016%Rate

Funding earned: −$0.84
Price spread: +0.016% → −0.037%: $5.28
Slippage, 4 orders: −$125.2
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$136.76
Costs to cover: 1.412%
Break-even: never at this rate

Slippage from Extended: live order book, 32 min ago; Bybit: live order book, 30 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, 32 min ago	4.13 bp	35.4 bp −$35	248.9 bp −$2,489	doesn't fit	doesn't fit
Sell Bybit live order book, 30 min ago	3.59 bp	40.1 bp −$40	629.8 bp −$6,298	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
Aster ENJUSDT	+0.0100%	4h	0.02823	+0.092%	$18K	$8K	5x	as long as short
Binance ENJUSDT	+0.0100%	4h	0.02821	+0.030%	$3.0M	$3.5M	50x	as long as short
Bybit ENJUSDTshort	+0.0100%	8h	0.02821	+0.016%	$941K	$543K	25x
OKX ENJ-USDT-SWAP	+0.0100%	4h	0.02820	−0.009%	$290K	$377K	10x	as long as short
Gate ENJ_USDT	+0.0100%	4h	0.02820	−0.009%	$110K	$37K	25x	as long as short
MEXC ENJ_USDT	+0.0100%	4h	0.02821	+0.027%	$1.7M	$903K	75x	as long as short
KuCoin ENJUSDTM	+0.0100%	4h	0.02825	+0.169%	$395K	$62K	30x	as long as short
Bitget ENJUSDT	+0.0100%	4h	0.02822	+0.062%	$712K	$245K	50x	as long as short
BingX ENJ-USDT	+0.0100%	4h	0.02810	−0.363%	—	$2.4M	—	as long as short
Variational Omni ENJ	+0.0100%	8h	0.02818	−0.080%	$2K	$19K	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_ENJUSD	+0.0101%	1h	0.02823	+0.109%	$24K	$13K	20x	as long as short
Extended ENJ-USDlong	+0.0104%	1h	0.02820	long leg	$113	$293K	5x
BloFin ENJ-USDT	+0.0151%	4h	0.02823	+0.098%	$130K	$96K	50x	as long as short