Funding arb · Price arb /

ENJ

all ENJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.5314%/8h= +581.9% APRpaid last 24h −0.458%

Price spread now: Kraken Futures against Variational Omni+0.968%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Kraken Futures

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 for this trade now. Funding pays +$159 a day on $10k at the current rate, and Kraken Futures is 0.968% dearer against Variational Omni than usual: you sell high and buy low: +$97 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ENJ	0.02822	0.0100	pay 0.0100% / 8h	2h 25m	$19K	$2K	—
Short	Kraken Futures PF_ENJUSD	0.02849	0.5414	get 0.0677% / 1h	25m 25s	$26K	$8K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Variational Omni. 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 Variational OmnibpFee Kraken FuturesbpOrdersPrice spread, now +0.968%Rate

Funding earned: $1,116
Price spread: +0.968% → 0.000%: $96.8
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $1,202.81
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: no order-book sample; 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 Variational Omni no order-book sample	—	—	—	—	—
Sell Kraken Futures no order-book sample	—	—	—	—	—

Variational Omni and 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
Aster ENJUSDT	+0.0100%	4h	0.02830	+0.274%	$18K	$3K	5x	as long as short
Binance ENJUSDT	+0.0100%	4h	0.02829	+0.235%	$3.1M	$3.2M	50x	as long as short
Bybit ENJUSDT	+0.0100%	8h	0.02827	+0.182%	$962K	$576K	25x	as long as short
OKX ENJ-USDT-SWAP	+0.0100%	4h	0.02827	+0.182%	$297K	$430K	10x	as long as short
Gate ENJ_USDT	+0.0100%	4h	0.02828	+0.217%	$110K	$32K	25x	as long as short
MEXC ENJ_USDT	+0.0100%	4h	0.02828	+0.217%	$2.0M	$806K	75x	as long as short
KuCoin ENJUSDTM	+0.0100%	4h	0.02831	+0.323%	$399K	$78K	30x	as long as short
Bitget ENJUSDT	+0.0100%	4h	0.02826	+0.146%	$700K	$265K	50x	as long as short
BingX ENJ-USDT	+0.0100%	4h	0.02829	+0.253%	—	$2.4M	—	as long as short
Variational Omni ENJlong	+0.0100%	8h	0.02822	long leg	$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	0.02828	+0.222%	$1K	$220K	5x	as long as short
BloFin ENJ-USDT	+0.0151%	4h	0.02825	+0.111%	$138K	$61K	50x	as long as short
Kraken Futures PF_ENJUSDshort	+0.5414%	1h	0.02849	+0.968%	$26K	$8K	20x