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% APRpaid last 24h 0.000%

Price spread now: MEXC against Bybit0.000%7-day average +0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs−$108as in the Funding arb table

Net, price: spread back to 7d avg − costs−$119as in the Price arb table

costs, in and out, $10k−$1121.124% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.041%+$4 on $10k

Price spread, last 4 days (all we have)+0.070%+$7 · spread now 0.000%, 7d avg +0.070%

Together, before fees+0.111%+$11 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 0.070% cheaper against Bybit than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ENJUSDT	0.02818	0.0100	pay 0.0100% / 8h	39m 59s	$962K	$593K	25x
Short	MEXC ENJ_USDT	0.02818	0.0100	get 0.0050% / 4h	39m 59s	$2.0M	$751K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bybit. 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 BybitbpFee MEXCbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.070%: −$6.98
Slippage, 4 orders: −$97.43
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$119.41
Costs to cover: 1.124%
Break-even: never at this rate

Slippage from Bybit: live order book, 35 min ago; MEXC: live order book, 2 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 Bybit live order book, 35 min ago	5.31 bp	40.4 bp −$40	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	3.55 bp	14.4 bp −$14	42.1 bp −$421	150.9 bp −$15.1K	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	0.02821	+0.108%	$18K	$5K	5x	as long as short
Binance ENJUSDT	+0.0100%	4h	0.02818	0.000%	$3.0M	$3.4M	50x	as long as short
Bybit ENJUSDTlong	+0.0100%	8h	0.02818	long leg	$962K	$593K	25x
OKX ENJ-USDT-SWAP	+0.0100%	4h	0.02820	+0.071%	$298K	$444K	10x	as long as short
Gate ENJ_USDT	+0.0100%	4h	0.02820	+0.071%	$110K	$33K	25x	as long as short
MEXC ENJ_USDTshort	+0.0100%	4h	0.02818	0.000%	$2.0M	$751K	75x
KuCoin ENJUSDTM	+0.0100%	4h	0.02824	+0.213%	$403K	$75K	30x	as long as short
Bitget ENJUSDT	+0.0100%	4h	0.02821	+0.106%	$711K	$277K	50x	as long as short
BingX ENJ-USDT	+0.0100%	4h	0.02818	0.000%	—	$2.4M	—	as long as short
Variational Omni ENJ	+0.0100%	8h	0.02818	+0.005%	$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	0.02818	+0.016%	$1K	$220K	5x	as long as short
BloFin ENJ-USDT	+0.0158%	4h	0.02821	+0.106%	$135K	$61K	50x	as long as short
Kraken Futures PF_ENJUSD	+0.5805%	1h	0.02840	+0.795%	$26K	$8K	20x	as long as short