ENJ Funding Rate — live across 8 venues

Compared across 8 supported venues · net of estimated fees · updated every few minutes

Live annualized ENJ perpetual funding across all 8 venues Perpia tracks. Right now ENJ funding is positive on 5 and negative on 3, ranging from +10.9% on Bitget to -17.3% on KuCoin — a spread of 28.3%. The widest delta-neutral trade is long KuCoin / short Bitget at 22.7% net APR.

venues

paying positive

28.3%

funding spread

Best ENJ spread now

22.7%

net APR after fees

Long KuCoin→Short Bitget

size depends on live venue depth — see the real cap in the scanner

ENJ funding trend & liquidity

169h of history

28.3%

current gross APR

39.6%

24h average

31.7%

7-day average

$666K

pair OI · lower leg

$25K

24h volume · lower leg

Averages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.

ENJ funding rate history

30d · 6h buckets · 10 venues

51.2%0-193.5%

3 Aug2 Sep

ENJ — average across 10 venuesAsterExtendedBinanceBitget

Annualized funding, averaged into 6-hour buckets. The bold line is the mean across venues quoting in that bucket; the faint lines are individual venues. Mean over the window: +5.6%. A break in a line means no data was recorded for that stretch, not a zero rate.

ENJ funding rate by venue

17 pairs scanned

Venue	Funding APR	Interval
Bitget ↗	+10.9%	4h
Gate.io ↗	+10.9%	4h
BingX ↗	+10.9%	4h
MEXC ↗	+4.2%	4h
Binance ↗	+3.5%	4h
OKX ↗	-1.7%	4h
Bybit ↗	-4.5%	8h
KuCoin ↗	-17.3%	4h

Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the KuCoin vs Bitget page.

ENJ arbitrage — 30-day backtest

long KuCoin · short Bitget

3.6%

backtested APR

+$30

historical net P&L on $10,000

0.58%

max drawdown

$10,000$10,030

30 days agostarting capital $10,000today

Over the last 30 days, holding long KuCoin / short Bitget would have produced 3.6% APR — versus the 22.7% the live spread implies right now (equity $10,000 → $10,030). This is a backtest on historical funding, not a live result: funding drifts and decays, so backtested results rarely match the current headline rate — which is why size and holding window matter more than the top-line number.

Open full interactive backtest →

Loading ENJ backtest…

ENJ funding — FAQ

Is ENJ funding positive right now?

ENJ perpetual funding is positive on 5 of 8 venues Perpia tracks and negative on 3. The highest is +10.9% on Bitget; the lowest is -17.3% on KuCoin.

What is the best ENJ funding arbitrage right now?

Go long KuCoin and short Bitget for about 22.7% net APR after fees — the widest delta-neutral ENJ spread Perpia currently sees.

Which exchange has the highest ENJ funding rate?

Bitget, at +10.9% annualized. Funding shifts continuously, so check the live table above before trading.

How ENJ funding arbitrage works

Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.

Markets related to ENJ

Markets also quoted on both Bitget and KuCoin — the same two exchanges you would already have funded for the ENJ trade.

See every spread between them on the Bitget vs KuCoin page.

Open the live scanner →All funding rates Funding by exchange How we calculate this