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: Kraken Futures against KuCoin+0.034%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Kraken Futures

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

The price spread pays, funding is against you. Kraken Futures is 0.034% dearer against KuCoin than usual: you sell high and buy low (spread +0.034% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 5 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ENJUSDTM	0.02778	0.0100	pay 0.0050% / 4h	1h 44m	$411K	$62K	30x
Short	Kraken Futures PF_ENJUSD	0.02779	−0.0497	pay 0.0062% / 1h	44m 37s	$22K	$15K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against KuCoin. 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 KuCoinbpFee Kraken FuturesbpOrdersPrice spread, now +0.034%Rate

Funding earned: −$125.32
Price spread: +0.034% → 0.000%: $3.38
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$143.93
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 60 min ago; Kraken Futures: no order-book sample. 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 KuCoin live order book, 60 min ago	19.56 bp	227.6 bp −$228	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

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_ENJUSDshort	−0.0497%	1h	0.02779	+0.034%	$22K	$15K	20x
BloFin ENJ-USDT	+0.0063%	4h	0.02777	−0.036%	$129K	$94K	50x	as long as short
Aster ENJUSDT	+0.0100%	4h	0.02777	−0.028%	$17K	$8K	5x	as long as short
Binance ENJUSDT	+0.0100%	4h	0.02774	−0.132%	$3.0M	$3.4M	50x	as long as short
Bybit ENJUSDT	+0.0100%	8h	0.02774	−0.126%	$912K	$533K	25x	as long as short
OKX ENJ-USDT-SWAP	+0.0100%	4h	0.02775	−0.108%	$284K	$360K	10x	as long as short
Gate ENJ_USDT	+0.0100%	4h	0.02778	0.000%	$106K	$37K	25x	as long as short
MEXC ENJ_USDT	+0.0100%	4h	0.02775	−0.108%	$1.7M	$870K	75x	as long as short
KuCoin ENJUSDTMlong	+0.0100%	4h	0.02778	long leg	$411K	$62K	30x
Bitget ENJUSDT	+0.0100%	4h	0.02775	−0.108%	$698K	$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	−0.108%	—	$2.4M	—	as long as short
Variational Omni ENJ	+0.0100%	8h	0.02779	+0.046%	$2K	$19K	—	as long as short
Extended ENJ-USD	+0.0104%	1h	0.02774	−0.138%	$22	$291K	5x	as long as short