Funding arb · Price arb /

ENJ

all ENJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against OKX−0.107%7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$90as in the Funding arb table

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

costs, in and out, $10k−$930.926% of the position

Long on OKX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.023%+$2 on $10k

Price spread, last 4 days (all we have)+0.034%+$3 · spread now −0.107%, 7d avg −0.004%

Together, before fees+0.057%+$6 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: MEXC is 0.103% cheaper against OKX than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ENJ-USDT-SWAP	0.02791	0.0100	pay 0.0050% / 4h	2h 03m	$292K	$396K	10x
Short	MEXC ENJ_USDT	0.02788	0.0100	get 0.0050% / 4h	2h 03m	$1.8M	$856K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.107%Rate

Funding earned: $0
Price spread: −0.107% → −0.004%: −$10.33
Slippage, 4 orders: −$78.62
Fee OKX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$102.95
Costs to cover: 0.926%
Break-even: never at this rate

Slippage from OKX: live order book, 42 min ago; MEXC: live order book, 3 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 OKX live order book, 42 min ago	1.79 bp	34.9 bp −$35	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	1.79 bp	13.0 bp −$13	50.2 bp −$502	153.6 bp −$15.4K	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
Aster ENJUSDT	+0.0100%	4h	0.02790	−0.030%	$17K	$5K	5x	as long as short
Binance ENJUSDT	+0.0100%	4h	0.02789	−0.072%	$3.0M	$3.5M	50x	as long as short
Bybit ENJUSDT	+0.0100%	8h	0.02788	−0.107%	$933K	$553K	25x	as long as short
OKX ENJ-USDT-SWAPlong	+0.0100%	4h	0.02791	long leg	$292K	$396K	10x
Gate ENJ_USDT	+0.0100%	4h	0.02791	0.000%	$107K	$35K	25x	as long as short
MEXC ENJ_USDTshort	+0.0100%	4h	0.02788	−0.107%	$1.8M	$856K	75x
KuCoin ENJUSDTM	+0.0100%	4h	0.02794	+0.107%	$393K	$69K	30x	as long as short
Bitget ENJUSDT	+0.0100%	4h	0.02788	−0.107%	$703K	$269K	50x	as long as short
Variational Omni ENJ	+0.0100%	8h	0.02791	−0.017%	$1K	$19K	—	as long as short
Extended ENJ-USD	+0.0104%	1h	0.02787	−0.135%	$413	$281K	5x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin ENJ-USDT	+0.0133%	4h	0.02791	0.000%	$129K	$101K	50x	as long as short
BingX ENJ-USDT	+0.0200%	4h	0.02792	+0.036%	—	$2.4M	—	as long as short
Kraken Futures PF_ENJUSD	+0.6269%	1h	0.02790	−0.035%	$24K	$13K	20x	as long as short