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

Price spread now: MEXC against Bitget+0.071%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs−$78as in the Price arb table

costs, in and out, $10k−$840.842% of the position

Long on Bitget Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 4 days (all we have)−0.015%−$2 · spread now +0.071%, 7d avg +0.006%

Together, before fees−0.018%−$2 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: MEXC is 0.065% dearer against Bitget than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ENJUSDT	0.02824	0.0100	pay 0.0050% / 4h	5m 25s	$712K	$278K	50x
Short	MEXC ENJ_USDT	0.02826	0.0100	get 0.0050% / 4h	5m 25s	$2.0M	$755K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bitget. 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 BitgetbpFee MEXCbpOrdersPrice spread, now +0.071%Rate

Funding earned: $0
Price spread: +0.071% → +0.006%: $6.52
Slippage, 4 orders: −$68.21
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$77.7
Costs to cover: 0.842%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; MEXC: live order book, 1 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 Bitget live order book, 5 min ago	7.10 bp	19.9 bp −$20	83.5 bp −$835	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	3.55 bp	15.3 bp −$15	46.9 bp −$469	154.4 bp −$15.4K	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	−0.198%	$18K	$5K	5x	as long as short
Binance ENJUSDT	+0.0100%	4h	0.02821	−0.106%	$3.0M	$3.5M	50x	as long as short
Bybit ENJUSDT	+0.0100%	8h	0.02819	−0.163%	$963K	$592K	25x	as long as short
OKX ENJ-USDT-SWAP	+0.0100%	4h	0.02818	−0.212%	$297K	$444K	10x	as long as short
Gate ENJ_USDT	+0.0100%	4h	0.02815	−0.319%	$110K	$33K	25x	as long as short
MEXC ENJ_USDTshort	+0.0100%	4h	0.02826	+0.071%	$2.0M	$755K	75x
KuCoin ENJUSDTM	+0.0100%	4h	0.02822	−0.071%	$403K	$75K	30x	as long as short
Bitget ENJUSDTlong	+0.0100%	4h	0.02824	long leg	$712K	$278K	50x
BingX ENJ-USDT	+0.0100%	4h	0.02817	−0.248%	—	$2.4M	—	as long as short
Variational Omni ENJ	+0.0100%	8h	0.02814	−0.368%	$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	−0.233%	$1K	$220K	5x	as long as short
BloFin ENJ-USDT	+0.0121%	4h	0.02817	−0.248%	$133K	$60K	50x	as long as short
Kraken Futures PF_ENJUSD	+0.5813%	1h	0.02836	+0.438%	$26K	$8K	20x	as long as short