Funding arb · Price arb /

ENJ

all ENJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.5428%/8h= −594.4% APRpaid last 24h −0.157%

Price spread now: KuCoin against Kraken Futures−0.559%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$163 a day on $10k at the current rate, and KuCoin is 0.559% cheaper against Kraken Futures than usual: you would sell low and buy high (−$56 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ENJUSD	0.02836	0.5528	pay 0.0691% / 1h	15m 07s	$26K	$8K	20x
Short	KuCoin ENJUSDTM	0.02820	0.0100	get 0.0050% / 4h	15m 07s	$397K	$71K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Kraken Futures. 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 Kraken FuturesbpFee KuCoinbpOrdersPrice spread, now −0.559%Rate

Funding earned: −$1,139.96
Price spread: −0.559% → 0.000%: −$55.86
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,217.83
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; KuCoin: live order book, 67 min ago. Net counts fees only.

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 Kraken Futures no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 67 min ago	14.09 bp	378.5 bp −$378	doesn't fit	doesn't fit	doesn't fit

Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.02819	−0.593%	$18K	$5K	5x	as long as short
Binance ENJUSDT	+0.0100%	4h	0.02817	−0.658%	$3.0M	$3.5M	50x	as long as short
Bybit ENJUSDT	+0.0100%	8h	0.02818	−0.629%	$953K	$606K	25x	as long as short
OKX ENJ-USDT-SWAP	+0.0100%	4h	0.02817	−0.664%	$293K	$443K	10x	as long as short
Gate ENJ_USDT	+0.0100%	4h	0.02818	−0.629%	$108K	$34K	25x	as long as short
MEXC ENJ_USDT	+0.0100%	4h	0.02818	−0.629%	$2.0M	$843K	75x	as long as short
KuCoin ENJUSDTMshort	+0.0100%	4h	0.02820	−0.559%	$397K	$71K	30x
Bitget ENJUSDT	+0.0100%	4h	0.02816	−0.700%	$694K	$265K	50x	as long as short
BingX ENJ-USDT	+0.0100%	4h	0.02817	−0.664%	—	$2.4M	—	as long as short
Variational Omni ENJ	+0.0100%	8h	0.02816	−0.717%	$3K	$18K	—	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	0.02818	−0.630%	$2K	$189K	5x	as long as short
BloFin ENJ-USDT	+0.0121%	4h	0.02819	−0.594%	$132K	$102K	50x	as long as short
Kraken Futures PF_ENJUSDlong	+0.5528%	1h	0.02836	long leg	$26K	$8K	20x