Funding arb · Price arb /

ENJ

all ENJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0057%/8h= −6.3% APRpaid last 24h −0.001%

Price spread now: Variational Omni against BloFin−0.304%71s7-day average — · you buy dearer than you sell

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

Long on BloFin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Variational Omni is 0.304% cheaper against BloFin than usual: you would sell low and buy high (−$30 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 71 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	BloFin ENJ-USDT	0.02827	0.0157	pay 0.0079% / 4h	2h 31m	$138K	$61K	50x
Short	Variational Omni ENJ	0.02818	0.0100	get 0.0100% / 8h	2h 31m	$19K	$2K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against BloFin. 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 BloFinbpFee Variational OmnibpOrdersPrice spread, now −0.304%Rate

Funding earned: −$12.06
Price spread: −0.304% → 0.000%: −$30.42
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$54.47
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 48 min ago; Variational Omni: 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 BloFin live order book, 48 min ago	7.09 bp	21.3 bp −$21	44.8 bp −$448	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: 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
Aster ENJUSDT	+0.0100%	4h	0.02824	−0.095%	$18K	$3K	5x	as long as short
Binance ENJUSDT	+0.0100%	4h	0.02825	−0.074%	$3.1M	$3.2M	50x	as long as short
Bybit ENJUSDT	+0.0100%	8h	0.02823	−0.127%	$961K	$576K	25x	as long as short
OKX ENJ-USDT-SWAP	+0.0100%	4h	0.02827	0.000%	$297K	$430K	10x	as long as short
Gate ENJ_USDT	+0.0100%	4h	0.02824	−0.106%	$110K	$32K	25x	as long as short
MEXC ENJ_USDT	+0.0100%	4h	0.02824	−0.106%	$2.0M	$804K	75x	as long as short
KuCoin ENJUSDTM	+0.0100%	4h	0.02826	−0.035%	$398K	$78K	30x	as long as short
Bitget ENJUSDT	+0.0100%	4h	0.02826	−0.035%	$700K	$265K	50x	as long as short
BingX ENJ-USDT	+0.0100%	4h	0.02824	−0.106%	—	$2.4M	—	as long as short
Variational Omni ENJshort	+0.0100%	8h	0.02818	−0.304%	$19K	$2K	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended ENJ-USD	+0.0104%	1h	0.02824	−0.123%	$1K	$220K	5x	as long as short
BloFin ENJ-USDTlong	+0.0157%	4h	0.02827	long leg	$138K	$61K	50x
Kraken Futures PF_ENJUSD	+0.5426%	1h	0.02843	+0.566%	$26K	$8K	20x	as long as short