Funding arb · Price arb /

ENJ

all ENJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC0.0000%/8hnext payment +$0.00 per $10,000 · paid last 24h +0.010%

Price spread now: BingX against Gate−0.178%7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$511as in the Funding arb table

Net, price: spread back to 7d avg − costs−$532as in the Price arb table

costs, in and out, $10k−$5155.154% of the position

Long on Gate Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.040%+$4 on $10k

Price spread, last 3 days (all we have)+0.203%+$20 · spread now −0.178%, 7d avg −0.010%

Together, before fees+0.243%+$24 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 0.168% cheaper against Gate than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ENJ_USDT	0.02805	0.0100	pay 0.0050% / 4h	7m 03s	$111K	$30K	25x
Short	BingX ENJ-USDT	0.02800	0.0100	get 0.0050% / 4h	7m 03s	—	$2.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.178%Rate

Funding earned: $0
Price spread: −0.178% → −0.010%: −$16.8
Slippage, 4 orders: −$490.44
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$532.24
Costs to cover: 5.154%
Break-even: never at this rate

Slippage from Gate: live order book, 20 min ago; BingX: live order book, 2 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, 20 min ago	33.92 bp	218.8 bp −$219	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 2 min ago	3.57 bp	17.9 bp −$18	53.1 bp −$531	611.2 bp −$61.1K	1350.0 bp −$675.0K

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	+0.0087%	4h	0.02804	−0.036%	$138K	$44K	50x	as long as short
Aster ENJUSDT	+0.0100%	4h	0.02807	+0.085%	$17K	$3K	5x	as long as short
Binance ENJUSDT	+0.0100%	4h	0.02805	0.000%	$3.0M	$3.1M	50x	as long as short
Bybit ENJUSDT	+0.0100%	8h	0.02804	−0.036%	$954K	$563K	25x	as long as short
OKX ENJ-USDT-SWAP	+0.0100%	4h	0.02804	−0.036%	$293K	$419K	10x	as long as short
Gate ENJ_USDTlong	+0.0100%	4h	0.02805	long leg	$111K	$30K	25x
MEXC ENJ_USDT	+0.0100%	4h	0.02805	0.000%	$1.9M	$733K	75x	as long as short
KuCoin ENJUSDTM	+0.0100%	4h	0.02807	+0.071%	$391K	$74K	30x	as long as short
Bitget ENJUSDT	+0.0100%	4h	0.02804	−0.036%	$695K	$256K	50x	as long as short
BingX ENJ-USDTshort	+0.0100%	4h	0.02800	−0.178%	—	$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	0.02802	−0.107%	$19K	$2K	—	as long as short
Extended ENJ-USD	+0.0104%	1h	0.02805	−0.010%	$1K	$220K	5x	as long as short
Kraken Futures PF_ENJUSD	+0.5402%	1h	0.02825	+0.704%	$25K	$13K	20x	as long as short