Funding arb · Price arb /

ENJ

all ENJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against MEXC+0.036%7-day average −0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$860.862% of the position

Long on MEXC Short on Bitget

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)−0.147%−$15 · spread now +0.036%, 7d avg −0.006%

Together, before fees−0.147%−$15 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: Bitget is 0.042% dearer against MEXC than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ENJ_USDT	0.02794	0.0100	pay 0.0050% / 4h	3h 32m	$1.7M	$889K	75x
Short	Bitget ENJUSDT	0.02795	0.0100	get 0.0050% / 4h	3h 32m	$704K	$253K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against MEXC. 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 MEXCbpFee BitgetbpOrdersPrice spread, now +0.036%Rate

Funding earned: $0
Price spread: +0.036% → −0.006%: $4.17
Slippage, 4 orders: −$70.17
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$82
Costs to cover: 0.862%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; Bitget: live order book, 63 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 MEXC live order book, 4 min ago	1.78 bp	11.6 bp −$12	42.1 bp −$421	154.0 bp −$15.4K	doesn't fit
Sell Bitget live order book, 63 min ago	3.59 bp	36.7 bp −$37	95.7 bp −$957	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	+0.0048%	4h	0.02799	+0.179%	$130K	$102K	50x	as long as short
Aster ENJUSDT	+0.0100%	4h	0.02794	+0.009%	$17K	$8K	5x	as long as short
Binance ENJUSDT	+0.0100%	4h	0.02793	−0.038%	$3.0M	$3.6M	50x	as long as short
Bybit ENJUSDT	+0.0100%	8h	0.02790	−0.125%	$932K	$557K	25x	as long as short
OKX ENJ-USDT-SWAP	+0.0100%	4h	0.02792	−0.072%	$286K	$386K	10x	as long as short
Gate ENJ_USDT	+0.0100%	4h	0.02794	0.000%	$109K	$37K	25x	as long as short
MEXC ENJ_USDTlong	+0.0100%	4h	0.02794	long leg	$1.7M	$889K	75x
KuCoin ENJUSDTM	+0.0100%	4h	0.02797	+0.107%	$392K	$63K	30x	as long as short
Bitget ENJUSDTshort	+0.0100%	4h	0.02795	+0.036%	$704K	$253K	50x
BingX ENJ-USDT	+0.0100%	4h	0.02790	−0.143%	—	$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	0.02799	+0.162%	$2K	$19K	—	as long as short
Kraken Futures PF_ENJUSD	+0.0102%	1h	0.02795	+0.041%	$24K	$13K	20x	as long as short
Extended ENJ-USD	+0.0104%	1h	0.02792	−0.055%	$213	$287K	5x	as long as short