Funding arb · Price arb /

ENJ

all ENJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against Gate+0.072%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$401as in the Funding arb table

Net, price: spread back to 7d avg − costs−$394as in the Price arb table

costs, in and out, $10k−$4014.007% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.053%+$5 · spread now +0.072%, 7d avg +0.004%

Together, before fees+0.053%+$5 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: Binance is 0.068% dearer against Gate than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ENJ_USDT	0.02779	0.0100	pay 0.0050% / 4h	2h 13m	$106K	$35K	25x
Short	Binance ENJUSDT	0.02781	0.0100	get 0.0050% / 4h	2h 13m	$3.0M	$3.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Gate. 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 GatebpFee BinancebpOrdersPrice spread, now +0.072%Rate

Funding earned: $0
Price spread: +0.072% → +0.004%: $6.75
Slippage, 4 orders: −$375.73
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$393.98
Costs to cover: 4.007%
Break-even: never at this rate

Slippage from Gate: live order book, 27 min ago; Binance: live order book, 8 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 Gate live order book, 27 min ago	10.84 bp	158.1 bp −$158	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 8 min ago	1.80 bp	24.0 bp −$24	92.6 bp −$926	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	0.02781	+0.068%	$17K	$5K	5x	as long as short
Binance ENJUSDTshort	+0.0100%	4h	0.02781	+0.072%	$3.0M	$3.5M	50x
Bybit ENJUSDT	+0.0100%	8h	0.02781	+0.072%	$927K	$556K	25x	as long as short
OKX ENJ-USDT-SWAP	+0.0100%	4h	0.02782	+0.108%	$291K	$396K	10x	as long as short
Gate ENJ_USDTlong	+0.0100%	4h	0.02779	long leg	$106K	$35K	25x
MEXC ENJ_USDT	+0.0100%	4h	0.02780	+0.036%	$1.8M	$855K	75x	as long as short
KuCoin ENJUSDTM	+0.0100%	4h	0.02782	+0.108%	$391K	$69K	30x	as long as short
Bitget ENJUSDT	+0.0100%	4h	0.02780	+0.036%	$700K	$268K	50x	as long as short
Variational Omni ENJ	+0.0100%	8h	0.02770	−0.340%	$1K	$19K	—	as long as short
Extended ENJ-USD	+0.0104%	1h	0.02780	+0.046%	$411	$281K	5x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin ENJ-USDT	+0.0126%	4h	0.02781	+0.072%	$129K	$101K	50x	as long as short
BingX ENJ-USDT	+0.0200%	4h	0.02780	+0.036%	—	$2.4M	—	as long as short
Kraken Futures PF_ENJUSD	+0.6286%	1h	0.02783	+0.134%	$24K	$13K	20x	as long as short