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: Bybit against MEXC0.000%7-day average −0.071% · you sell dearer than you buy

Net, funding: paid 7d − costs−$117as in the Funding arb table

Net, price: spread back to 7d avg − costs−$106as in the Price arb table

costs, in and out, $10k−$1131.129% of the position

Long on MEXC Short on Bybit

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)−0.081%−$8 · spread now 0.000%, 7d avg −0.071%

Together, before fees−0.122%−$12 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: Bybit is 0.071% dearer against MEXC than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.071%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ENJ_USDT	0.02818	0.0100	pay 0.0050% / 4h	1h 48m	$2.0M	$744K	75x
Short	Bybit ENJUSDT	0.02818	0.0100	get 0.0100% / 8h	1h 48m	$962K	$584K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against MEXC. 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 MEXCbpFee BybitbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.071%: $7.11
Slippage, 4 orders: −$97.89
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$105.78
Costs to cover: 1.129%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; Bybit: live order book, 32 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 MEXC live order book, 3 min ago	1.77 bp	15.0 bp −$15	47.0 bp −$470	153.2 bp −$15.3K	doesn't fit
Sell Bybit live order book, 32 min ago	1.77 bp	43.8 bp −$44	339.7 bp −$3,397	doesn't fit	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	0.02818	+0.016%	$18K	$3K	5x	as long as short
Binance ENJUSDT	+0.0100%	4h	0.02819	+0.035%	$3.1M	$3.2M	50x	as long as short
Bybit ENJUSDTshort	+0.0100%	8h	0.02818	0.000%	$962K	$584K	25x
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	+0.071%	$110K	$31K	25x	as long as short
MEXC ENJ_USDTlong	+0.0100%	4h	0.02818	long leg	$2.0M	$744K	75x
KuCoin ENJUSDTM	+0.0100%	4h	0.02822	+0.142%	$399K	$78K	30x	as long as short
Bitget ENJUSDT	+0.0100%	4h	0.02819	+0.035%	$698K	$264K	50x	as long as short
BingX ENJ-USDT	+0.0100%	4h	0.02820	+0.071%	—	$2.4M	—	as long as short
Variational Omni ENJ	+0.0100%	8h	0.02819	+0.027%	$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	+0.019%	$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	+0.5437%	1h	0.02839	+0.746%	$26K	$8K	20x	as long as short