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% APRpaid last 24h 0.000%

Price spread now: Bybit against KuCoin+0.007%7-day average −0.118% · you sell dearer than you buy

Net, funding: paid 7d − costs−$713as in the Funding arb table

Net, price: spread back to 7d avg − costs−$726as in the Price arb table

costs, in and out, $10k−$7387.383% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.253%+$25 on $10k

Price spread, last 4 days (all we have)−0.107%−$11 · spread now +0.007%, 7d avg −0.118%

Together, before fees+0.145%+$15 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 0.125% dearer against KuCoin than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.118%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ENJUSDTM	0.02782	0.0100	pay 0.0050% / 4h	1h 24m	$391K	$66K	30x
Short	Bybit ENJUSDT	0.02782	0.0100	get 0.0100% / 8h	1h 24m	$931K	$554K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against KuCoin. 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 KuCoinbpFee BybitbpOrdersPrice spread, now +0.007%Rate

Funding earned: $0
Price spread: +0.007% → −0.118%: $12.55
Slippage, 4 orders: −$715.26
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$725.72
Costs to cover: 7.383%
Break-even: never at this rate

Slippage from KuCoin: live order book, 18 min ago; Bybit: live order book, 15 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 KuCoin live order book, 18 min ago	16.14 bp	246.0 bp −$246	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 15 min ago	3.60 bp	34.9 bp −$35	284.6 bp −$2,846	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
BloFin ENJ-USDT	+0.0067%	4h	0.02782	0.000%	$130K	$101K	50x	as long as short
Aster ENJUSDT	+0.0100%	4h	0.02782	−0.005%	$17K	$5K	5x	as long as short
Binance ENJUSDT	+0.0100%	4h	0.02782	−0.007%	$3.0M	$3.6M	50x	as long as short
Bybit ENJUSDTshort	+0.0100%	8h	0.02782	+0.007%	$931K	$554K	25x
OKX ENJ-USDT-SWAP	+0.0100%	4h	0.02784	+0.072%	$291K	$391K	10x	as long as short
Gate ENJ_USDT	+0.0100%	4h	0.02780	−0.072%	$106K	$35K	25x	as long as short
MEXC ENJ_USDT	+0.0100%	4h	0.02781	−0.036%	$1.8M	$857K	75x	as long as short
KuCoin ENJUSDTMlong	+0.0100%	4h	0.02782	long leg	$391K	$66K	30x
Bitget ENJUSDT	+0.0100%	4h	0.02782	0.000%	$701K	$273K	50x	as long as short
Variational Omni ENJ	+0.0100%	8h	0.02780	−0.071%	$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	0.02781	−0.030%	$4K	$282K	5x	as long as short
BingX ENJ-USDT	+0.0200%	4h	0.02782	0.000%	—	$2.4M	—	as long as short
Kraken Futures PF_ENJUSD	+0.0868%	1h	0.02784	+0.067%	$24K	$13K	20x	as long as short