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 MEXC+0.035%7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$860.860% of the position

Long on MEXC Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

Price spread, last 4 days (all we have)+0.076%+$8 · spread now +0.035%, 7d avg +0.007%

Together, before fees+0.055%+$6 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 0.029% dearer against MEXC than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ENJ_USDT	0.02819	0.0100	pay 0.0050% / 4h	3h 00m	$1.7M	$903K	75x
Short	OKX ENJ-USDT-SWAP	0.02820	0.0100	get 0.0050% / 4h	3h 00m	$290K	$379K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.035%Rate

Funding earned: $0
Price spread: +0.035% → +0.007%: $2.87
Slippage, 4 orders: −$71.95
Fee MEXC: 2 bp × 2 orders: −$4
Fee OKX: 5 bp × 2 orders: −$10
Net: −$83.08
Costs to cover: 0.860%
Break-even: never at this rate

Slippage from MEXC: live order book, 6 min ago; OKX: live order book, 30 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, 6 min ago	1.77 bp	10.5 bp −$11	43.4 bp −$434	150.4 bp −$15.0K	doesn't fit
Sell OKX live order book, 30 min ago	3.59 bp	31.5 bp −$32	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	0.02822	+0.089%	$18K	$8K	5x	as long as short
Binance ENJUSDT	+0.0100%	4h	0.02821	+0.071%	$3.0M	$3.5M	50x	as long as short
Bybit ENJUSDT	+0.0100%	8h	0.02821	+0.071%	$942K	$545K	25x	as long as short
OKX ENJ-USDT-SWAPshort	+0.0100%	4h	0.02820	+0.035%	$290K	$379K	10x
Gate ENJ_USDT	+0.0100%	4h	0.02819	0.000%	$110K	$37K	25x	as long as short
MEXC ENJ_USDTlong	+0.0100%	4h	0.02819	long leg	$1.7M	$903K	75x
KuCoin ENJUSDTM	+0.0100%	4h	0.02824	+0.177%	$395K	$62K	30x	as long as short
Bitget ENJUSDT	+0.0100%	4h	0.02822	+0.106%	$712K	$246K	50x	as long as short
BingX ENJ-USDT	+0.0100%	4h	0.02811	−0.284%	—	$2.4M	—	as long as short
Variational Omni ENJ	+0.0100%	8h	0.02818	−0.036%	$2K	$19K	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_ENJUSD	+0.0101%	1h	0.02821	+0.085%	$24K	$13K	20x	as long as short
Extended ENJ-USD	+0.0104%	1h	0.02819	+0.007%	$113	$293K	5x	as long as short
BloFin ENJ-USDT	+0.0151%	4h	0.02823	+0.142%	$130K	$96K	50x	as long as short