Funding arb · Price arb /

ENJ

all ENJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.5444%/8h= −596.1% APRpaid last 24h −0.157%

Price spread now: MEXC against Kraken Futures−0.634%51s7-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 MEXC

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

Both sides work against this trade now: funding costs −$163 a day on $10k at the current rate, and MEXC is 0.634% cheaper against Kraken Futures than usual: you would sell low and buy high (−$63 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ENJUSD	0.02828	0.5544	pay 0.0693% / 1h	37m 27s	$26K	$8K	20x
Short	MEXC ENJ_USDT	0.02810	0.0100	get 0.0050% / 4h	37m 27s	$2.0M	$835K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.634%Rate

Funding earned: −$1,143.22
Price spread: −0.634% → 0.000%: −$63.35
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$1,220.57
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; MEXC: live order book, 4 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 MEXC live order book, 4 min ago	1.78 bp	18.5 bp −$18	51.9 bp −$519	147.9 bp −$14.8K	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
BloFin ENJ-USDT	+0.0048%	4h	0.02805	−0.810%	$133K	$102K	50x	as long as short
Aster ENJUSDT	+0.0100%	4h	0.02808	−0.704%	$18K	$5K	5x	as long as short
Binance ENJUSDT	+0.0100%	4h	0.02811	−0.596%	$3.0M	$3.5M	50x	as long as short
Bybit ENJUSDT	+0.0100%	8h	0.02809	−0.669%	$949K	$620K	25x	as long as short
OKX ENJ-USDT-SWAP	+0.0100%	4h	0.02810	−0.634%	$291K	$452K	10x	as long as short
Gate ENJ_USDT	+0.0100%	4h	0.02808	−0.704%	$108K	$34K	25x	as long as short
MEXC ENJ_USDTshort	+0.0100%	4h	0.02810	−0.634%	$2.0M	$835K	75x
KuCoin ENJUSDTM	+0.0100%	4h	0.02811	−0.598%	$395K	$70K	30x	as long as short
Bitget ENJUSDT	+0.0100%	4h	0.02809	−0.669%	$710K	$263K	50x	as long as short
BingX ENJ-USDT	+0.0100%	4h	0.02810	−0.634%	—	$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	0.02806	−0.758%	$3K	$18K	—	as long as short
Extended ENJ-USD	+0.0104%	1h	0.02809	−0.659%	$2K	$191K	5x	as long as short
Kraken Futures PF_ENJUSDlong	+0.5544%	1h	0.02828	long leg	$26K	$8K	20x