Funding arb · Price arb /

ENJ

all ENJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against OKX+0.177%7-day average −0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$116as in the Funding arb table

Net, price: spread back to 7d avg − costs−$100as in the Price arb table

costs, in and out, $10k−$1191.187% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.025%+$2 on $10k

Price spread, last 4 days (all we have)−0.312%−$31 · spread now +0.177%, 7d avg −0.009%

Together, before fees−0.288%−$29 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: Bitget is 0.186% dearer against OKX than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of −0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ENJ-USDT-SWAP	0.02818	0.0100	pay 0.0050% / 4h	2h 43m	$297K	$448K	10x
Short	Bitget ENJUSDT	0.02823	0.0100	get 0.0050% / 4h	2h 43m	$710K	$261K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.177%Rate

Funding earned: $0
Price spread: +0.177% → −0.009%: $18.6
Slippage, 4 orders: −$96.7
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$100.11
Costs to cover: 1.187%
Break-even: never at this rate

Slippage from OKX: live order book, 22 min ago; Bitget: live order book, 22 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, 22 min ago	1.76 bp	32.7 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 22 min ago	3.52 bp	31.5 bp −$32	87.9 bp −$879	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	+0.0091%	4h	0.02819	+0.035%	$133K	$57K	50x	as long as short
Aster ENJUSDT	+0.0100%	4h	0.02824	+0.214%	$18K	$5K	5x	as long as short
Binance ENJUSDT	+0.0100%	4h	0.02822	+0.145%	$3.0M	$3.5M	50x	as long as short
Bybit ENJUSDT	+0.0100%	8h	0.02822	+0.138%	$961K	$605K	25x	as long as short
OKX ENJ-USDT-SWAPlong	+0.0100%	4h	0.02818	long leg	$297K	$448K	10x
Gate ENJ_USDT	+0.0100%	4h	0.02825	+0.248%	$109K	$33K	25x	as long as short
MEXC ENJ_USDT	+0.0100%	4h	0.02823	+0.177%	$1.9M	$750K	75x	as long as short
KuCoin ENJUSDTM	+0.0100%	4h	0.02824	+0.213%	$396K	$73K	30x	as long as short
Bitget ENJUSDTshort	+0.0100%	4h	0.02823	+0.177%	$710K	$261K	50x
BingX ENJ-USDT	+0.0100%	4h	0.02823	+0.177%	—	$2.4M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ENJ	+0.0100%	8h	0.02813	−0.175%	$19K	$2K	—	as long as short
Extended ENJ-USD	+0.0104%	1h	0.02823	+0.186%	$276	$184K	5x	as long as short
Kraken Futures PF_ENJUSD	+0.5618%	1h	0.02841	+0.810%	$26K	$8K	20x	as long as short