Funding arb · Price arb /

ENJ

all ENJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against KuCoin0.000%7-day average −0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$604as in the Funding arb table

Net, price: spread back to 7d avg − costs−$621as in the Price arb table

costs, in and out, $10k−$6266.260% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.220%+$22 on $10k

Price spread, last 4 days (all we have)+0.062%+$6 · spread now 0.000%, 7d avg −0.050%

Together, before fees+0.282%+$28 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: OKX is 0.050% dearer against KuCoin than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ENJUSDTM	0.02758	0.0100	pay 0.0050% / 4h	1h 08m	$409K	$61K	30x
Short	OKX ENJ-USDT-SWAP	0.02758	0.0100	get 0.0050% / 4h	1h 08m	$283K	$367K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against KuCoin. 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 KuCoinbpFee OKXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.050%: $4.98
Slippage, 4 orders: −$603.96
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$620.99
Costs to cover: 6.260%
Break-even: never at this rate

Slippage from KuCoin: live order book, 27 min ago; OKX: live order book, 35 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 KuCoin live order book, 27 min ago	21.74 bp	239.5 bp −$240	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 35 min ago	1.80 bp	36.8 bp −$37	doesn't fit	doesn't fit	doesn't fit

ENJ on 13 exchanges

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
Kraken Futures PF_ENJUSD	−0.0501%	1h	0.02758	−0.003%	$21K	$15K	20x	as long as short
Aster ENJUSDT	+0.0100%	4h	0.02758	+0.008%	$17K	$8K	5x	as long as short
Binance ENJUSDT	+0.0100%	4h	0.02757	−0.052%	$2.9M	$3.4M	50x	as long as short
Bybit ENJUSDT	+0.0100%	8h	0.02756	−0.073%	$911K	$535K	25x	as long as short
OKX ENJ-USDT-SWAPshort	+0.0100%	4h	0.02758	0.000%	$283K	$367K	10x
Gate ENJ_USDT	+0.0100%	4h	0.02758	0.000%	$105K	$38K	25x	as long as short
MEXC ENJ_USDT	+0.0100%	4h	0.02757	−0.036%	$1.7M	$887K	75x	as long as short
KuCoin ENJUSDTMlong	+0.0100%	4h	0.02758	long leg	$409K	$61K	30x
Bitget ENJUSDT	+0.0100%	4h	0.02757	−0.036%	$700K	$243K	50x	as long as short
BingX ENJ-USDT	+0.0100%	4h	0.02756	−0.073%	—	$2.3M	—	as long as short

Show all 13 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ENJ	+0.0100%	8h	0.02754	−0.133%	$2K	$19K	—	as long as short
Extended ENJ-USD	+0.0104%	1h	0.02756	−0.084%	$922	$296K	5x	as long as short
BloFin ENJ-USDT	+0.0141%	4h	0.02759	+0.036%	$128K	$94K	50x	as long as short