Funding arb · Price arb /

ENJ

all ENJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against MEXC+0.178%7-day average +0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$695as in the Funding arb table

Net, price: spread back to 7d avg − costs−$657as in the Price arb table

costs, in and out, $10k−$6696.692% of the position

Long on MEXC Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.262%−$26 on $10k

Price spread, last 4 days (all we have)−0.154%−$15 · spread now +0.178%, 7d avg +0.052%

Together, before fees−0.416%−$42 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: KuCoin is 0.126% dearer against MEXC than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ENJ_USDT	0.02804	0.0100	pay 0.0050% / 4h	3h 23m	$1.9M	$846K	75x
Short	KuCoin ENJUSDTM	0.02809	0.0100	get 0.0050% / 4h	3h 23m	$395K	$68K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against MEXC. 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 MEXCbpFee KuCoinbpOrdersPrice spread, now +0.178%Rate

Funding earned: $0
Price spread: +0.178% → +0.052%: $12.63
Slippage, 4 orders: −$653.18
Fee MEXC: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$656.54
Costs to cover: 6.692%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; KuCoin: live order book, 49 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 MEXC live order book, 3 min ago	1.78 bp	11.4 bp −$11	40.1 bp −$401	149.4 bp −$14.9K	doesn't fit
Sell KuCoin live order book, 49 min ago	14.17 bp	408.7 bp −$409	doesn't fit	doesn't fit	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	0.02805	+0.027%	$17K	$5K	5x	as long as short
Binance ENJUSDT	+0.0100%	4h	0.02806	+0.071%	$3.0M	$3.4M	50x	as long as short
Bybit ENJUSDT	+0.0100%	8h	0.02804	0.000%	$942K	$612K	25x	as long as short
OKX ENJ-USDT-SWAP	+0.0100%	4h	0.02805	+0.036%	$292K	$412K	10x	as long as short
Gate ENJ_USDT	+0.0100%	4h	0.02806	+0.071%	$108K	$35K	25x	as long as short
MEXC ENJ_USDTlong	+0.0100%	4h	0.02804	long leg	$1.9M	$846K	75x
KuCoin ENJUSDTMshort	+0.0100%	4h	0.02809	+0.178%	$395K	$68K	30x
Bitget ENJUSDT	+0.0100%	4h	0.02803	−0.036%	$691K	$262K	50x	as long as short
Variational Omni ENJ	+0.0100%	8h	0.02802	−0.072%	$3K	$19K	—	as long as short
BloFin ENJ-USDT	+0.0103%	4h	0.02805	+0.036%	$131K	$102K	50x	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	0.02805	+0.042%	$3K	$188K	5x	as long as short
BingX ENJ-USDT	+0.0200%	4h	0.02805	+0.036%	—	$2.4M	—	as long as short
Kraken Futures PF_ENJUSD	+0.6145%	1h	0.02825	+0.754%	$26K	$8K	20x	as long as short