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: MEXC against Bitget+0.071%7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$870.873% of the position

Long on Bitget Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.022%+$2 · spread now +0.071%, 7d avg +0.008%

Together, before fees+0.022%+$2 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 0.063% dearer against Bitget than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ENJUSDT	0.02814	0.0100	pay 0.0050% / 4h	19m 41s	$694K	$279K	50x
Short	MEXC ENJ_USDT	0.02816	0.0100	get 0.0050% / 4h	19m 41s	$2.0M	$841K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bitget. 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 BitgetbpFee MEXCbpOrdersPrice spread, now +0.071%Rate

Funding earned: $0
Price spread: +0.071% → +0.008%: $6.32
Slippage, 4 orders: −$71.35
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$81.03
Costs to cover: 0.873%
Break-even: never at this rate

Slippage from Bitget: live order book, 36 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 Bitget live order book, 36 min ago	1.77 bp	18.9 bp −$19	75.7 bp −$757	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	3.55 bp	15.6 bp −$16	50.8 bp −$508	151.0 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
BloFin ENJ-USDT	+0.0040%	4h	0.02816	+0.071%	$132K	$102K	50x	as long as short
Aster ENJUSDT	+0.0100%	4h	0.02817	+0.122%	$18K	$5K	5x	as long as short
Binance ENJUSDT	+0.0100%	4h	0.02816	+0.071%	$3.0M	$3.5M	50x	as long as short
Bybit ENJUSDT	+0.0100%	8h	0.02817	+0.107%	$952K	$623K	25x	as long as short
OKX ENJ-USDT-SWAP	+0.0100%	4h	0.02817	+0.107%	$293K	$455K	10x	as long as short
Gate ENJ_USDT	+0.0100%	4h	0.02817	+0.107%	$109K	$34K	25x	as long as short
MEXC ENJ_USDTshort	+0.0100%	4h	0.02816	+0.071%	$2.0M	$841K	75x
KuCoin ENJUSDTM	+0.0100%	4h	0.02820	+0.213%	$397K	$71K	30x	as long as short
Bitget ENJUSDTlong	+0.0100%	4h	0.02814	long leg	$694K	$279K	50x
BingX ENJ-USDT	+0.0100%	4h	0.02816	+0.071%	—	$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	0.02813	−0.018%	$3K	$18K	—	as long as short
Extended ENJ-USD	+0.0104%	1h	0.02815	+0.045%	$2K	$189K	5x	as long as short
Kraken Futures PF_ENJUSD	+0.5531%	1h	0.02835	+0.737%	$26K	$8K	20x	as long as short