Funding arb · Price arb /

ENJ

all ENJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.5497%/8h= +601.9% APRpaid last 24h −0.074%

Price spread now: Kraken Futures against OKX+0.724%45s7-day average — · you sell dearer than you buy

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

Long on OKX Short on Kraken Futures

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 for this trade now. Funding pays +$165 a day on $10k at the current rate, and Kraken Futures is 0.724% dearer against OKX than usual: you sell high and buy low: +$72 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ENJ-USDT-SWAP	0.02831	0.0100	pay 0.0050% / 4h	1h 59m	$295K	$447K	10x
Short	Kraken Futures PF_ENJUSD	0.02851	0.5597	get 0.0700% / 1h	59m 30s	$26K	$8K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against OKX. 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 OKXbpFee Kraken FuturesbpOrdersPrice spread, now +0.724%Rate

Funding earned: $1,154.36
Price spread: +0.724% → 0.000%: $72.37
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $1,206.73
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: OKX: live order book, 1 min ago; Kraken Futures: no order-book sample. 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 OKX live order book, 1 min ago	1.77 bp	32.8 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

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 12 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	0.02833	+0.072%	$18K	$5K	5x	as long as short
Binance ENJUSDT	+0.0100%	4h	0.02830	−0.043%	$3.0M	$3.5M	50x	as long as short
Bybit ENJUSDT	+0.0100%	8h	0.02828	−0.110%	$964K	$593K	25x	as long as short
OKX ENJ-USDT-SWAPlong	+0.0100%	4h	0.02831	long leg	$295K	$447K	10x
Gate ENJ_USDT	+0.0100%	4h	0.02831	0.000%	$110K	$33K	25x	as long as short
MEXC ENJ_USDT	+0.0100%	4h	0.02830	−0.035%	$2.0M	$766K	75x	as long as short
KuCoin ENJUSDTM	+0.0100%	4h	0.02834	+0.106%	$397K	$70K	30x	as long as short
Bitget ENJUSDT	+0.0100%	4h	0.02830	−0.035%	$711K	$233K	50x	as long as short
BingX ENJ-USDT	+0.0100%	4h	0.02832	+0.035%	—	$2.4M	—	as long as short
Variational Omni ENJ	+0.0100%	8h	0.02829	−0.088%	$19K	$2K	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended ENJ-USD	+0.0104%	1h	0.02831	+0.009%	$2K	$182K	5x	as long as short
Kraken Futures PF_ENJUSDshort	+0.5597%	1h	0.02851	+0.724%	$26K	$8K	20x