Funding arb · Price arb /

ENJ

all ENJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.5495%/8h= −601.7% APRpaid last 24h +0.074%

Price spread now: MEXC against Kraken Futures−0.610%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on MEXC

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 against this trade now: funding costs −$165 a day on $10k at the current rate, and MEXC is 0.610% cheaper against Kraken Futures than usual: you would sell low and buy high (−$61 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ENJUSD	0.02852	0.5595	pay 0.0699% / 1h	36m 01s	$26K	$8K	20x
Short	MEXC ENJ_USDT	0.02835	0.0100	get 0.0050% / 4h	2h 36m	$1.9M	$750K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Kraken Futures. 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 Kraken FuturesbpFee MEXCbpOrdersPrice spread, now −0.610%Rate

Funding earned: −$1,153.98
Price spread: −0.610% → 0.000%: −$61
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$1,228.98
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; MEXC: live order book, 1 min ago. 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell MEXC live order book, 1 min ago	1.76 bp	14.6 bp −$15	48.5 bp −$485	154.8 bp −$15.5K	doesn't fit

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 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	+0.0091%	4h	0.02819	−1.171%	$133K	$57K	50x	as long as short
Aster ENJUSDT	+0.0100%	4h	0.02831	−0.736%	$18K	$5K	5x	as long as short
Binance ENJUSDT	+0.0100%	4h	0.02834	−0.652%	$3.0M	$3.6M	50x	as long as short
Bybit ENJUSDT	+0.0100%	8h	0.02834	−0.642%	$967K	$610K	25x	as long as short
OKX ENJ-USDT-SWAP	+0.0100%	4h	0.02834	−0.645%	$297K	$454K	10x	as long as short
Gate ENJ_USDT	+0.0100%	4h	0.02832	−0.715%	$110K	$33K	25x	as long as short
MEXC ENJ_USDTshort	+0.0100%	4h	0.02835	−0.610%	$1.9M	$750K	75x
KuCoin ENJUSDTM	+0.0100%	4h	0.02832	−0.715%	$397K	$73K	30x	as long as short
Bitget ENJUSDT	+0.0100%	4h	0.02835	−0.610%	$713K	$260K	50x	as long as short
BingX ENJ-USDT	+0.0100%	4h	0.02830	−0.785%	—	$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	0.02831	−0.748%	$19K	$2K	—	as long as short
Extended ENJ-USD	+0.0104%	1h	0.02832	−0.709%	$2K	$186K	5x	as long as short
Kraken Futures PF_ENJUSDlong	+0.5595%	1h	0.02852	long leg	$26K	$8K	20x