Funding arb · Price arb /

ENJ

all ENJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0668%/8h= −73.2% APRpaid last 24h −0.490%

Price spread now: BingX against Kraken Futures−0.104%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on BingX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and BingX is 0.104% cheaper against Kraken Futures than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ENJUSD	0.02785	0.0868	pay 0.0109% / 1h	23m 50s	$24K	$13K	20x
Short	BingX ENJ-USDT	0.02782	0.0200	get 0.0100% / 4h	1h 23m	—	$2.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Kraken Futures. 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 Kraken FuturesbpFee BingXbpOrdersPrice spread, now −0.104%Rate

Funding earned: −$140.3
Price spread: −0.104% → 0.000%: −$10.43
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$170.73
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; BingX: live order book, 5 min ago. Net counts fees only.

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 Kraken Futures no order-book sample	—	—	—	—	—
Sell BingX live order book, 5 min ago	27.06 bp	42.2 bp −$42	79.8 bp −$798	doesn't fit	doesn't fit

Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	+0.0067%	4h	0.02782	−0.104%	$130K	$101K	50x	as long as short
Aster ENJUSDT	+0.0100%	4h	0.02782	−0.113%	$17K	$5K	5x	as long as short
Binance ENJUSDT	+0.0100%	4h	0.02781	−0.128%	$3.0M	$3.5M	50x	as long as short
Bybit ENJUSDT	+0.0100%	8h	0.02781	−0.126%	$933K	$555K	25x	as long as short
OKX ENJ-USDT-SWAP	+0.0100%	4h	0.02784	−0.032%	$291K	$391K	10x	as long as short
Gate ENJ_USDT	+0.0100%	4h	0.02779	−0.212%	$106K	$35K	25x	as long as short
MEXC ENJ_USDT	+0.0100%	4h	0.02781	−0.140%	$1.8M	$857K	75x	as long as short
KuCoin ENJUSDTM	+0.0100%	4h	0.02785	+0.003%	$391K	$66K	30x	as long as short
Bitget ENJUSDT	+0.0100%	4h	0.02782	−0.104%	$701K	$273K	50x	as long as short
Variational Omni ENJ	+0.0100%	8h	0.02780	−0.176%	$2K	$19K	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended ENJ-USD	+0.0104%	1h	0.02780	−0.162%	$4K	$282K	5x	as long as short
BingX ENJ-USDTshort	+0.0200%	4h	0.02782	−0.104%	—	$2.4M	—
Kraken Futures PF_ENJUSDlong	+0.0868%	1h	0.02785	long leg	$24K	$13K	20x