Funding arb · Price arb /

ENJ

all ENJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0425%/8h= +46.6% APRpaid last 24h −0.584%

Price spread now: OKX against Kraken Futures−0.178%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 OKX

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

Funding pays, the price is against you. OKX is 0.178% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.178% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$18 on $10k: about 34 hours of funding at the current rate (+$13 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ENJUSD	0.02830	−0.0325	get 0.0041% / 1h	56m 39s	$24K	$13K	20x
Short	OKX ENJ-USDT-SWAP	0.02825	0.0100	get 0.0050% / 4h	2h 56m	$291K	$377K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.178%Rate

Funding earned: $89.28
Price spread: −0.178% → 0.000%: −$17.82
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: $51.47
Costs to cover: 0.200%
Break-even: 3.0 days

Slippage unknown: Kraken Futures: no order-book sample; OKX: live order book, 34 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 OKX live order book, 34 min ago	3.59 bp	31.5 bp −$32	doesn't fit	doesn't fit	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
Kraken Futures PF_ENJUSDlong	−0.0325%	1h	0.02830	long leg	$24K	$13K	20x
BloFin ENJ-USDT	+0.0091%	4h	0.02822	−0.284%	$130K	$96K	50x	as long as short
Aster ENJUSDT	+0.0100%	4h	0.02830	+0.006%	$18K	$8K	5x	as long as short
Binance ENJUSDT	+0.0100%	4h	0.02827	−0.102%	$3.0M	$3.5M	50x	as long as short
Bybit ENJUSDT	+0.0100%	8h	0.02826	−0.125%	$943K	$542K	25x	as long as short
OKX ENJ-USDT-SWAPshort	+0.0100%	4h	0.02825	−0.178%	$291K	$377K	10x
Gate ENJ_USDT	+0.0100%	4h	0.02827	−0.107%	$110K	$37K	25x	as long as short
MEXC ENJ_USDT	+0.0100%	4h	0.02829	−0.037%	$1.7M	$855K	75x	as long as short
KuCoin ENJUSDTM	+0.0100%	4h	0.02831	+0.034%	$396K	$61K	30x	as long as short
Bitget ENJUSDT	+0.0100%	4h	0.02828	−0.072%	$713K	$244K	50x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ENJ-USDT	+0.0100%	4h	0.02820	−0.355%	—	$2.4M	—	as long as short
Variational Omni ENJ	+0.0100%	8h	0.02818	−0.426%	$2K	$19K	—	as long as short
Extended ENJ-USD	+0.0104%	1h	0.02828	−0.074%	$113	$288K	5x	as long as short