Funding arb · Price arb /

ENJ

all ENJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.005%

Price spread now: Variational Omni against BingX+0.111%7-day average — · you sell dearer than you buy

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

Long on BingX Short on Variational Omni

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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. Variational Omni is 0.111% dearer against BingX than usual: you sell high and buy low (spread +0.111% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ENJ-USDT	0.02763	0.0200	pay 0.0100% / 4h	2h 33m	—	$2.4M	—
Short	Variational Omni ENJ	0.02766	0.0100	get 0.0100% / 8h	2h 33m	$1K	$19K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BingXbpFee Variational OmnibpOrdersPrice spread, now +0.111%Rate

Funding earned: −$21
Price spread: +0.111% → 0.000%: $11.12
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$19.88
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: BingX: live order book, 1 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 BingX live order book, 1 min ago	25.36 bp	38.5 bp −$38	68.3 bp −$683	589.6 bp −$59.0K	1094.2 bp −$547.1K
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
BloFin ENJ-USDT	+0.0054%	4h	0.02770	+0.253%	$131K	$100K	50x	as long as short
Aster ENJUSDT	+0.0100%	4h	0.02764	+0.042%	$17K	$5K	5x	as long as short
Binance ENJUSDT	+0.0100%	4h	0.02762	−0.019%	$3.0M	$3.5M	50x	as long as short
Bybit ENJUSDT	+0.0100%	8h	0.02762	−0.036%	$920K	$556K	25x	as long as short
OKX ENJ-USDT-SWAP	+0.0100%	4h	0.02762	−0.036%	$289K	$392K	10x	as long as short
Gate ENJ_USDT	+0.0100%	4h	0.02760	−0.109%	$106K	$35K	25x	as long as short
MEXC ENJ_USDT	+0.0100%	4h	0.02764	+0.036%	$1.8M	$851K	75x	as long as short
KuCoin ENJUSDTM	+0.0100%	4h	0.02765	+0.072%	$388K	$69K	30x	as long as short
Bitget ENJUSDT	+0.0100%	4h	0.02763	0.000%	$697K	$268K	50x	as long as short
Variational Omni ENJshort	+0.0100%	8h	0.02766	+0.111%	$1K	$19K	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended ENJ-USD	+0.0104%	1h	0.02760	−0.098%	$3K	$281K	5x	as long as short
BingX ENJ-USDTlong	+0.0200%	4h	0.02763	long leg	—	$2.4M	—
Kraken Futures PF_ENJUSD	+0.6330%	1h	0.02763	+0.005%	$24K	$13K	20x	as long as short