Funding arb · Price arb /

ENJ

all ENJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0768%/8h= +84.1% APRpaid last 24h +0.495%

Price spread now: Kraken Futures against OKX+0.067%45s7-day average — · you sell dearer than you buy

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

Long on OKX 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

Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and Kraken Futures is 0.067% dearer against OKX than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 45 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	OKX ENJ-USDT-SWAP	0.02783	0.0100	pay 0.0050% / 4h	1h 41m	$291K	$392K	10x
Short	Kraken Futures PF_ENJUSD	0.02785	0.0868	get 0.0109% / 1h	41m 33s	$24K	$13K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against OKX. 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 OKXbpFee Kraken FuturesbpOrdersPrice spread, now +0.067%Rate

Funding earned: $161.3
Price spread: +0.067% → 0.000%: $6.74
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $148.05
Costs to cover: 0.200%
Break-even: 0.6 days

Slippage unknown: OKX: live order book, 64 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 OKX live order book, 64 min ago	1.79 bp	34.9 bp −$35	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 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	+0.0078%	4h	0.02782	−0.036%	$130K	$101K	50x	as long as short
Aster ENJUSDT	+0.0100%	4h	0.02785	+0.078%	$17K	$5K	5x	as long as short
Binance ENJUSDT	+0.0100%	4h	0.02784	+0.036%	$3.0M	$3.5M	50x	as long as short
Bybit ENJUSDT	+0.0100%	8h	0.02783	−0.014%	$932K	$554K	25x	as long as short
OKX ENJ-USDT-SWAPlong	+0.0100%	4h	0.02783	long leg	$291K	$392K	10x
Gate ENJ_USDT	+0.0100%	4h	0.02784	+0.036%	$107K	$35K	25x	as long as short
MEXC ENJ_USDT	+0.0100%	4h	0.02783	0.000%	$1.8M	$854K	75x	as long as short
KuCoin ENJUSDTM	+0.0100%	4h	0.02786	+0.108%	$391K	$67K	30x	as long as short
Bitget ENJUSDT	+0.0100%	4h	0.02785	+0.072%	$702K	$274K	50x	as long as short
Variational Omni ENJ	+0.0100%	8h	0.02782	−0.053%	$2K	$20K	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended ENJ-USD	+0.0104%	1h	0.02783	+0.010%	$4K	$282K	5x	as long as short
BingX ENJ-USDT	+0.0200%	4h	0.02784	+0.036%	—	$2.4M	—	as long as short
Kraken Futures PF_ENJUSDshort	+0.0868%	1h	0.02785	+0.067%	$24K	$13K	20x