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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against OKX−0.072%7-day average +0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$104as in the Funding arb table

Net, price: spread back to 7d avg − costs−$114as in the Price arb table

costs, in and out, $10k−$1071.067% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.023%+$2 on $10k

Price spread, last 4 days (all we have)+0.022%+$2 · spread now −0.072%, 7d avg +0.001%

Together, before fees+0.045%+$5 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: Binance is 0.072% cheaper against OKX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ENJ-USDT-SWAP	0.02781	0.0100	pay 0.0050% / 4h	1h 02m	$290K	$384K	10x
Short	Binance ENJUSDT	0.02779	0.0100	get 0.0050% / 4h	1h 02m	$3.0M	$3.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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 OKXbpFee BinancebpOrdersPrice spread, now −0.072%Rate

Funding earned: $0
Price spread: −0.072% → +0.001%: −$7.25
Slippage, 4 orders: −$86.73
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$113.98
Costs to cover: 1.067%
Break-even: never at this rate

Slippage from OKX: live order book, 38 min ago; Binance: live order book, 4 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 OKX live order book, 38 min ago	1.80 bp	33.0 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 4 min ago	1.80 bp	18.6 bp −$19	80.1 bp −$801	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
Aster ENJUSDT	+0.0100%	4h	0.02780	−0.049%	$17K	$5K	5x	as long as short
Binance ENJUSDTshort	+0.0100%	4h	0.02779	−0.072%	$3.0M	$3.5M	50x
Bybit ENJUSDT	+0.0100%	8h	0.02779	−0.072%	$932K	$554K	25x	as long as short
OKX ENJ-USDT-SWAPlong	+0.0100%	4h	0.02781	long leg	$290K	$384K	10x
Gate ENJ_USDT	+0.0100%	4h	0.02780	−0.036%	$107K	$36K	25x	as long as short
MEXC ENJ_USDT	+0.0100%	4h	0.02778	−0.108%	$1.8M	$859K	75x	as long as short
KuCoin ENJUSDTM	+0.0100%	4h	0.02782	+0.036%	$391K	$67K	30x	as long as short
Bitget ENJUSDT	+0.0100%	4h	0.02779	−0.072%	$701K	$269K	50x	as long as short
Variational Omni ENJ	+0.0100%	8h	0.02785	+0.126%	$2K	$19K	—	as long as short
Extended ENJ-USD	+0.0104%	1h	0.02778	−0.101%	$3K	$282K	5x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin ENJ-USDT	+0.0107%	4h	0.02781	0.000%	$129K	$101K	50x	as long as short
BingX ENJ-USDT	+0.0200%	4h	0.02782	+0.036%	—	$2.4M	—	as long as short
Kraken Futures PF_ENJUSD	+0.0870%	1h	0.02780	−0.044%	$24K	$13K	20x	as long as short