Funding arb · Price arb /

ENJ

all ENJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0790%/8h= −86.5% APRpaid last 24h −0.494%

Price spread now: BloFin against Kraken Futures−0.103%57s7-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 BloFin

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 −$24 a day on $10k at the current rate, and BloFin is 0.103% 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. The two prices were read 57 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	Kraken Futures PF_ENJUSD	0.02785	0.0868	pay 0.0109% / 1h	42m 05s	$24K	$13K	20x
Short	BloFin ENJ-USDT	0.02782	0.0078	get 0.0039% / 4h	1h 42m	$130K	$101K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.103%Rate

Funding earned: −$165.94
Price spread: −0.103% → 0.000%: −$10.33
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$198.27
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; BloFin: live order book, 24 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 BloFin live order book, 24 min ago	3.58 bp	28.7 bp −$29	63.4 bp −$634	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-USDTshort	+0.0078%	4h	0.02782	−0.103%	$130K	$101K	50x
Aster ENJUSDT	+0.0100%	4h	0.02785	+0.003%	$17K	$5K	5x	as long as short
Binance ENJUSDT	+0.0100%	4h	0.02784	−0.031%	$3.0M	$3.5M	50x	as long as short
Bybit ENJUSDT	+0.0100%	8h	0.02782	−0.085%	$932K	$554K	25x	as long as short
OKX ENJ-USDT-SWAP	+0.0100%	4h	0.02784	−0.031%	$291K	$392K	10x	as long as short
Gate ENJ_USDT	+0.0100%	4h	0.02784	−0.031%	$107K	$35K	25x	as long as short
MEXC ENJ_USDT	+0.0100%	4h	0.02784	−0.031%	$1.8M	$854K	75x	as long as short
KuCoin ENJUSDTM	+0.0100%	4h	0.02786	+0.040%	$391K	$67K	30x	as long as short
Bitget ENJUSDT	+0.0100%	4h	0.02785	+0.004%	$702K	$274K	50x	as long as short
Variational Omni ENJ	+0.0100%	8h	0.02782	−0.121%	$2K	$20K	—	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	0.02783	−0.055%	$4K	$282K	5x	as long as short
BingX ENJ-USDT	+0.0200%	4h	0.02783	−0.067%	—	$2.4M	—	as long as short
Kraken Futures PF_ENJUSDlong	+0.0868%	1h	0.02785	long leg	$24K	$13K	20x