Funding arb · Price arb /

ENJ

all ENJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bybit against OKX0.000%7-day average −0.074% · you sell dearer than you buy

Net, funding: paid 7d − costs−$159as in the Funding arb table

Net, price: spread back to 7d avg − costs−$150as in the Price arb table

costs, in and out, $10k−$1581.579% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.012%−$1 on $10k

Price spread, last 4 days (all we have)−0.178%−$18 · spread now 0.000%, 7d avg −0.074%

Together, before fees−0.189%−$19 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 0.074% dearer against OKX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.074%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ENJ-USDT-SWAP	0.02816	0.0100	pay 0.0050% / 4h	2h 00m	$295K	$430K	10x
Short	Bybit ENJUSDT	0.02816	0.0100	get 0.0100% / 8h	2h 00m	$961K	$577K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.074%: $7.39
Slippage, 4 orders: −$136.85
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$150.46
Costs to cover: 1.579%
Break-even: never at this rate

Slippage from OKX: live order book, 20 min ago; Bybit: live order book, 20 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, 20 min ago	5.30 bp	37.0 bp −$37	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 20 min ago	1.77 bp	43.8 bp −$44	339.7 bp −$3,397	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	0.02818	+0.075%	$18K	$3K	5x	as long as short
Binance ENJUSDT	+0.0100%	4h	0.02816	+0.005%	$3.1M	$3.2M	50x	as long as short
Bybit ENJUSDTshort	+0.0100%	8h	0.02816	0.000%	$961K	$577K	25x
OKX ENJ-USDT-SWAPlong	+0.0100%	4h	0.02816	long leg	$295K	$430K	10x
Gate ENJ_USDT	+0.0100%	4h	0.02820	+0.142%	$110K	$32K	25x	as long as short
MEXC ENJ_USDT	+0.0100%	4h	0.02817	+0.036%	$2.0M	$808K	75x	as long as short
KuCoin ENJUSDTM	+0.0100%	4h	0.02818	+0.071%	$397K	$77K	30x	as long as short
Bitget ENJUSDT	+0.0100%	4h	0.02819	+0.107%	$698K	$265K	50x	as long as short
BingX ENJ-USDT	+0.0100%	4h	0.02817	+0.036%	—	$2.4M	—	as long as short
Variational Omni ENJ	+0.0100%	8h	0.02815	−0.022%	$19K	$2K	—	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	0.02817	+0.024%	$1K	$220K	5x	as long as short
BloFin ENJ-USDT	+0.0148%	4h	0.02817	+0.036%	$138K	$61K	50x	as long as short
Kraken Futures PF_ENJUSD	+0.5438%	1h	0.02837	+0.730%	$26K	$8K	20x	as long as short