Funding arb · Price arb /

ENJ

all ENJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against OKX+0.106%7-day average +0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$653as in the Funding arb table

Net, price: spread back to 7d avg − costs−$623as in the Price arb table

costs, in and out, $10k−$6286.283% of the position

Long on OKX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.245%−$25 on $10k

Price spread, last 4 days (all we have)−0.143%−$14 · spread now +0.106%, 7d avg +0.050%

Together, before fees−0.388%−$39 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: KuCoin is 0.056% dearer against OKX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ENJ-USDT-SWAP	0.02833	0.0100	pay 0.0050% / 4h	3h 22m	$295K	$441K	10x
Short	KuCoin ENJUSDTM	0.02836	0.0100	get 0.0050% / 4h	3h 22m	$397K	$75K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against OKX. 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 OKXbpFee KuCoinbpOrdersPrice spread, now +0.106%Rate

Funding earned: $0
Price spread: +0.106% → +0.050%: $5.57
Slippage, 4 orders: −$606.31
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$622.74
Costs to cover: 6.283%
Break-even: never at this rate

Slippage from OKX: live order book, 48 min ago; KuCoin: live order book, 29 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 OKX live order book, 48 min ago	3.55 bp	31.2 bp −$31	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 29 min ago	10.62 bp	327.8 bp −$328	doesn't fit	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
BloFin ENJ-USDT	+0.0085%	4h	0.02832	−0.035%	$134K	$59K	50x	as long as short
Aster ENJUSDT	+0.0100%	4h	0.02835	+0.061%	$18K	$5K	5x	as long as short
Binance ENJUSDT	+0.0100%	4h	0.02832	−0.035%	$3.0M	$3.5M	50x	as long as short
Bybit ENJUSDT	+0.0100%	8h	0.02832	−0.035%	$969K	$595K	25x	as long as short
OKX ENJ-USDT-SWAPlong	+0.0100%	4h	0.02833	long leg	$295K	$441K	10x
Gate ENJ_USDT	+0.0100%	4h	0.02834	+0.035%	$110K	$32K	25x	as long as short
MEXC ENJ_USDT	+0.0100%	4h	0.02833	0.000%	$2.0M	$748K	75x	as long as short
KuCoin ENJUSDTMshort	+0.0100%	4h	0.02836	+0.106%	$397K	$75K	30x
Bitget ENJUSDT	+0.0100%	4h	0.02832	−0.035%	$713K	$244K	50x	as long as short
BingX ENJ-USDT	+0.0100%	4h	0.02833	0.000%	—	$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	0.02834	+0.036%	$19K	$2K	—	as long as short
Extended ENJ-USD	+0.0104%	1h	0.02831	−0.059%	$4K	$202K	5x	as long as short
Kraken Futures PF_ENJUSD	+0.5532%	1h	0.02852	+0.681%	$26K	$8K	20x	as long as short