Funding arb · Price arb /

ENJ

all ENJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0597%/8h= +65.3% APRpaid last 24h −0.651%

Price spread now: KuCoin against Kraken Futures−0.022%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 KuCoin

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. KuCoin is 0.022% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.022% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 3 hours of funding at the current rate (+$18 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ENJUSD	0.02779	−0.0497	get 0.0062% / 1h	44m 15s	$22K	$15K	20x
Short	KuCoin ENJUSDTM	0.02778	0.0100	get 0.0050% / 4h	1h 44m	$411K	$62K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.022%Rate

Funding earned: $125.33
Price spread: −0.022% → 0.000%: −$2.22
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $101.1
Costs to cover: 0.220%
Break-even: 1.4 days

Slippage unknown: Kraken Futures: no order-book sample; KuCoin: live order book, 60 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 KuCoin live order book, 60 min ago	19.56 bp	217.9 bp −$218	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 exchanges

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	−0.0497%	1h	0.02779	long leg	$22K	$15K	20x
BloFin ENJ-USDT	+0.0063%	4h	0.02777	−0.058%	$129K	$94K	50x	as long as short
Aster ENJUSDT	+0.0100%	4h	0.02777	−0.052%	$17K	$8K	5x	as long as short
Binance ENJUSDT	+0.0100%	4h	0.02775	−0.130%	$3.0M	$3.4M	50x	as long as short
Bybit ENJUSDT	+0.0100%	8h	0.02774	−0.159%	$912K	$533K	25x	as long as short
OKX ENJ-USDT-SWAP	+0.0100%	4h	0.02775	−0.130%	$284K	$360K	10x	as long as short
Gate ENJ_USDT	+0.0100%	4h	0.02778	−0.022%	$106K	$37K	25x	as long as short
MEXC ENJ_USDT	+0.0100%	4h	0.02775	−0.130%	$1.7M	$870K	75x	as long as short
KuCoin ENJUSDTMshort	+0.0100%	4h	0.02778	−0.022%	$411K	$62K	30x
Bitget ENJUSDT	+0.0100%	4h	0.02776	−0.094%	$699K	$232K	50x	as long as short

Show all 13 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ENJ-USDT	+0.0100%	4h	0.02775	−0.130%	—	$2.4M	—	as long as short
Variational Omni ENJ	+0.0100%	8h	0.02779	+0.024%	$2K	$19K	—	as long as short
Extended ENJ-USD	+0.0104%	1h	0.02774	−0.161%	$22	$291K	5x	as long as short