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 −0.010%

Price spread now: MEXC against BingX−0.071%7-day average +0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$123as in the Funding arb table

Net, price: spread back to 7d avg − costs−$127as in the Price arb table

costs, in and out, $10k−$1181.183% of the position

Long on BingX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.043%−$4 on $10k

Price spread, last 7 days−0.007%−$1 · spread now −0.071%, 7d avg +0.020%

Together, before fees−0.050%−$5 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 0.091% cheaper against BingX than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ENJ-USDT	0.02820	0.0100	pay 0.0050% / 4h	1h 47m	—	$2.4M	—
Short	MEXC ENJ_USDT	0.02818	0.0100	get 0.0050% / 4h	1h 47m	$2.0M	$744K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against BingX. 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 BingXbpFee MEXCbpOrdersPrice spread, now −0.071%Rate

Funding earned: $0
Price spread: −0.071% → +0.020%: −$9.11
Slippage, 4 orders: −$104.32
Fee BingX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$127.44
Costs to cover: 1.183%
Break-even: never at this rate

Slippage from BingX: live order book, 1 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 BingX live order book, 1 min ago	26.59 bp	47.4 bp −$47	80.1 bp −$801	596.7 bp −$59.7K	1051.9 bp −$526.0K
Sell MEXC live order book, 4 min ago	1.77 bp	11.1 bp −$11	41.9 bp −$419	152.3 bp −$15.2K	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	0.02819	−0.049%	$18K	$3K	5x	as long as short
Binance ENJUSDT	+0.0100%	4h	0.02820	−0.015%	$3.1M	$3.2M	50x	as long as short
Bybit ENJUSDT	+0.0100%	8h	0.02819	−0.035%	$962K	$584K	25x	as long as short
OKX ENJ-USDT-SWAP	+0.0100%	4h	0.02819	−0.035%	$295K	$430K	10x	as long as short
Gate ENJ_USDT	+0.0100%	4h	0.02820	0.000%	$110K	$31K	25x	as long as short
MEXC ENJ_USDTshort	+0.0100%	4h	0.02818	−0.071%	$2.0M	$744K	75x
KuCoin ENJUSDTM	+0.0100%	4h	0.02822	+0.071%	$400K	$78K	30x	as long as short
Bitget ENJUSDT	+0.0100%	4h	0.02820	0.000%	$698K	$264K	50x	as long as short
BingX ENJ-USDTlong	+0.0100%	4h	0.02820	long leg	—	$2.4M	—
Variational Omni ENJ	+0.0100%	8h	0.02819	−0.044%	$19K	$2K	—	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	0.02819	−0.029%	$1K	$220K	5x	as long as short
BloFin ENJ-USDT	+0.0119%	4h	0.02819	−0.035%	$138K	$61K	50x	as long as short
Kraken Futures PF_ENJUSD	+0.5440%	1h	0.02838	+0.635%	$26K	$8K	20x	as long as short