Funding arb · Price arb /

ENJ

all ENJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.5435%/8h= −595.1% APRpaid last 24h +0.190%

Price spread now: OKX against Kraken Futures−0.773%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 OKX

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 OKX is 0.773% cheaper against Kraken Futures than usual: you would sell low and buy high (−$77 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	0.02851	0.5535	pay 0.0692% / 1h	32m 25s	$26K	$8K	20x
Short	OKX ENJ-USDT-SWAP	0.02829	0.0100	get 0.0050% / 4h	3h 32m	$294K	$443K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.773%Rate

Funding earned: −$1,141.25
Price spread: −0.773% → 0.000%: −$77.29
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$1,238.55
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; OKX: live order book, 38 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 OKX live order book, 38 min ago	3.55 bp	35.2 bp −$35	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
BloFin ENJ-USDT	+0.0057%	4h	0.02830	−0.738%	$133K	$60K	50x	as long as short
Aster ENJUSDT	+0.0100%	4h	0.02833	−0.629%	$18K	$5K	5x	as long as short
Binance ENJUSDT	+0.0100%	4h	0.02831	−0.703%	$3.0M	$3.5M	50x	as long as short
Bybit ENJUSDT	+0.0100%	8h	0.02832	−0.661%	$969K	$596K	25x	as long as short
OKX ENJ-USDT-SWAPshort	+0.0100%	4h	0.02829	−0.773%	$294K	$443K	10x
Gate ENJ_USDT	+0.0100%	4h	0.02832	−0.668%	$110K	$32K	25x	as long as short
MEXC ENJ_USDT	+0.0100%	4h	0.02831	−0.703%	$2.0M	$748K	75x	as long as short
KuCoin ENJUSDTM	+0.0100%	4h	0.02834	−0.598%	$397K	$76K	30x	as long as short
Bitget ENJUSDT	+0.0100%	4h	0.02830	−0.738%	$713K	$250K	50x	as long as short
BingX ENJ-USDT	+0.0100%	4h	0.02831	−0.703%	—	$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	0.02830	−0.736%	$19K	$2K	—	as long as short
Extended ENJ-USD	+0.0104%	1h	0.02830	−0.740%	$4K	$220K	5x	as long as short
Kraken Futures PF_ENJUSDlong	+0.5535%	1h	0.02851	long leg	$26K	$8K	20x