Funding arb · Price arb /

ENJ

all ENJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against KuCoin−0.170%7-day average −0.081% · you buy dearer than you sell

Net, funding: paid 7d − costs−$716as in the Funding arb table

Net, price: spread back to 7d avg − costs−$752as in the Price arb table

costs, in and out, $10k−$7437.434% of the position

Long on KuCoin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.270%+$27 on $10k

Price spread, last 4 days (all we have)+0.109%+$11 · spread now −0.170%, 7d avg −0.081%

Together, before fees+0.379%+ Points / potential airdropExtended: Active · farm board+$38 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: Extended is 0.089% cheaper against KuCoin than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.081%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ENJUSDTM	0.02790	0.0100	pay 0.0050% / 4h	2h 46m	$391K	$68K	30x
Short	Extended ENJ-USD	0.02785	0.0104	get 0.0013% / 1h	46m 11s	$2K	$276K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpOrdersPrice spread, now −0.170%Rate

Funding earned: $0.84
Price spread: −0.170% → −0.081%: −$8.91
Slippage, 4 orders: −$726.44
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$751.51
Costs to cover: 7.434%
Break-even: 6269.6 days

Slippage from KuCoin: live order book, 12 min ago; Extended: live order book, 65 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, 12 min ago	12.53 bp	228.7 bp −$229	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 65 min ago	3.54 bp	39.4 bp −$39	273.7 bp −$2,737	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	+0.0080%	4h	0.02793	+0.108%	$131K	$101K	50x	as long as short
Aster ENJUSDT	+0.0100%	4h	0.02790	+0.003%	$17K	$5K	5x	as long as short
Binance ENJUSDT	+0.0100%	4h	0.02785	−0.179%	$3.0M	$3.4M	50x	as long as short
Bybit ENJUSDT	+0.0100%	8h	0.02785	−0.197%	$935K	$540K	25x	as long as short
OKX ENJ-USDT-SWAP	+0.0100%	4h	0.02788	−0.072%	$291K	$392K	10x	as long as short
Gate ENJ_USDT	+0.0100%	4h	0.02789	−0.036%	$107K	$34K	25x	as long as short
MEXC ENJ_USDT	+0.0100%	4h	0.02785	−0.179%	$1.9M	$844K	75x	as long as short
KuCoin ENJUSDTMlong	+0.0100%	4h	0.02790	long leg	$391K	$68K	30x
Bitget ENJUSDT	+0.0100%	4h	0.02790	0.000%	$687K	$256K	50x	as long as short
Variational Omni ENJ	+0.0100%	8h	0.02783	−0.250%	$1K	$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-USDshort	+0.0104%	1h	0.02785	−0.170%	$2K	$276K	5x
BingX ENJ-USDT	+0.0200%	4h	0.02791	+0.036%	—	$2.4M	—	as long as short
Kraken Futures PF_ENJUSD	+0.6238%	1h	0.02804	+0.501%	$25K	$8K	20x	as long as short