Funding arb · Price arb /

ENJ

all ENJ markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: MEXC against OKX−0.035%7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$93as in the Funding arb table

Net, price: spread back to 7d avg − costs−$99as in the Price arb table

costs, in and out, $10k−$960.958% of the position

Long on OKX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.030%+$3 on $10k

Price spread, last 4 days (all we have)−0.051%−$5 · spread now −0.035%, 7d avg −0.001%

Together, before fees−0.021%−$2 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: MEXC is 0.034% cheaper against OKX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ENJ-USDT-SWAP	0.02818	0.0100	pay 0.0050% / 4h	1h 27m	$293K	$434K	10x
Short	MEXC ENJ_USDT	0.02817	0.0100	get 0.0050% / 4h	1h 27m	$2.0M	$747K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.035%Rate

Funding earned: $0
Price spread: −0.035% → −0.001%: −$3.41
Slippage, 4 orders: −$81.79
Fee OKX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$99.2
Costs to cover: 0.958%
Break-even: never at this rate

Slippage from OKX: live order book, 53 min ago; MEXC: live order book, 4 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 OKX live order book, 53 min ago	5.30 bp	37.0 bp −$37	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	1.77 bp	13.1 bp −$13	37.5 bp −$375	150.5 bp −$15.0K	248.6 bp −$124.3K

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	+0.0058%	4h	0.02821	+0.106%	$137K	$61K	50x	as long as short
Aster ENJUSDT	+0.0100%	4h	0.02819	+0.049%	$18K	$3K	5x	as long as short
Binance ENJUSDT	+0.0100%	4h	0.02819	+0.035%	$3.1M	$3.3M	50x	as long as short
Bybit ENJUSDT	+0.0100%	8h	0.02818	+0.014%	$961K	$582K	25x	as long as short
OKX ENJ-USDT-SWAPlong	+0.0100%	4h	0.02818	long leg	$293K	$434K	10x
Gate ENJ_USDT	+0.0100%	4h	0.02820	+0.071%	$110K	$32K	25x	as long as short
MEXC ENJ_USDTshort	+0.0100%	4h	0.02817	−0.035%	$2.0M	$747K	75x
KuCoin ENJUSDTM	+0.0100%	4h	0.02822	+0.142%	$400K	$79K	30x	as long as short
Bitget ENJUSDT	+0.0100%	4h	0.02818	0.000%	$698K	$261K	50x	as long as short
BingX ENJ-USDT	+0.0100%	4h	0.02817	−0.035%	—	$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	0.02816	−0.066%	$19K	$2K	—	as long as short
Extended ENJ-USD	+0.0104%	1h	0.02817	−0.019%	$1K	$220K	5x	as long as short
Kraken Futures PF_ENJUSD	+0.5436%	1h	0.02840	+0.773%	$26K	$8K	20x	as long as short